The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday was postponed due to alleged underpayment into the federation account by the Nigerian National Petroleum Corporation (NNPC) Mr Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to newsmen in Abuja, said the postponement was unfortunate. He said it was […]
Nigeria’s army says it wants to turn the Sambisa forest into a tourist destination. The plan, however, has a catch: the area is home to a vicious insurgency. At least 34,000 people have died in Boko Haram’s nine-year revolt, according to the Armed Conflict Location & Event Data Project. The Islamist militant group, which gained […]
Eni executive Roberto Casula has taken a leave of absence from the Italian oil major, a company spokesman said on Wednesday without giving any reason for the decision. “As covered by general contractual terms, Mr Casula has asked the company for a period of temporary leave of absence,” the spokesman said in emailed comments. Casula, […]
Malaria, a mosquito-borne parasitic infection that affects about 3.2 billion people in 95 countries, has become largely a disease of the young and poor. Due to effective medications like chloroquine and artemisinins, malaria deaths dropped an estimated 60 percent worldwide between 2000 and 2015. The Americas and Africa saw the greatest improvements. Still, 216 million […]
Extending the OPEC cuts beyond their current expiry date at the end of 2018 would seem unnecessary if oil prices keep rising, Iran’s Oil Minister Bijan Zangeneh told the Iranian oil ministry’s news service Shana on Monday. “High oil prices, even in the mid-term, would destabilize the prices and put pressure on them against OPEC’s […]
Saudi authorities are threatening to bar Nigerians from attending this year’s pilgrimage to Mecca over fears they could spread Lassa fever, Nigeria’s National Hajj Commission has said. Since the start of the year the disease has killed at least 90 people in Nigeria and more than 1,000 cases have been reported across the country. Symptoms […]
The African Development Bank (AfDB) says that Africa loses about $50 billion annually to illicit financial flow in the continent. Mr Ebrima Faal, Director, AfDB, Nigerian office disclosed this at workshop on the Role of Parliament in Combating Illicit Financial Flows from Africa, on Tuesday in Abuja. “Estimates on Illicit Financial Flows are highly disparate […]
Mr Olusegun Banjo, Lagos State Commissioner for Economic Planning and Budget, says the state has recorded revenue of N141.96 billion in the first quarter of 2018. Banjo said this at the ongoing ministerial briefing to mark Gov. Akinwunmi Ambode’s third year in office at Alausa, Lagos on Tuesday. Banjo said the figure represented an increase […]
Suspected pirates have seized 12 crewmembers of a Dutch-flagged cargo ship off the coast of Nigeria, the vessel’s managing company confirmed Monday. The 480-foot MV FWN Rapide was attacked on Saturday morning as it was approaching Port Harcourt, Nigeria, according to gCaptain, an industry website. According to the ship’s Automatic Identification System (AIS) tracking, it […]
For a company that started out as an online book store, Amazon has become one of the biggest players in the tech industry. Amazon Web Services powers much of the web. The company’s Echo line of devices effectively popularized use voice assistants around the home in a way that Apple’s Siri never did. And the […]