The death toll from floods across much of central and southern Nigeria has reached 199, the national disaster agency said on Wednesday, almost doubling the number of people killed from three weeks earlier. The almost annual floods, exacerbated by poor infrastructure and lack of planning to protect against inundation, are the worst since 2012, when […]
Eleven people on Wednesday in Abuja suffered varying degrees of burns from a gas explosion that occurred at Rosy Restaurant Area 11. The News Agency of Nigeria (NAN) reports that the victims who were immediately taken to Asokoro general hospital suffered some 40 to 50 degree of burns. A pregnant woman, who simply identified herself […]
The Nigerian Senate on Wednesday confirmed the appointments of Folashodun Adebisi Shonubi as deputy governor of Central Bank of Nigeria and Muiz Banire as chairman of the governing board of Assets Management Corporation of Nigeria (AMCON). The confirmation of the two appointments followed the recommendations of the Senate committee on Banking, Insurance and other Financial […]
Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of reorganization. Now, the company is announcing layoffs. Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of […]
Less than a month before another round of US sanctions against Iran take effect, analysts say hundred-dollar oil could be on the horizon. The Trump administration has called on buyers to cut off oil imports from Iran in efforts to pressure the third-largest OPEC producer to change its behavior, a move that could squeeze global […]
The Africa Development Bank (AfDB) says there is the need to bridge the gap between Africa’s available capital and bankable projects since it requires between 600 and billion dollars annually for development. AfDB’s “African Economic Outlook 2018’’, financing Africa’s development report notes that out of the said amount, between 130 billion dollars and 170 billion […]
Libya coach Adel Amrouche has resigned just days before his side is to due face Nigeria in an African Nations Cup qualifier. His departure has been confirmed by the Libyan Football Federation and on Wednesday by Belgian Amrouche, who told Reuters he was frustrated by working conditions with the team. The 50-year-old, who was born […]
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has taken another bold step towards service efficiency and enhanced customer experience with the deployment of robots to drive various dimensions of its operations. Deployed about three months ago, the Stanbic IBTC BlueBots, as the robots are called, manage middle and back office activities. At […]
Senegal will host the next edition of the Summer Youth Olympic Games in 2022, the International Olympic Committee (IOC) announced in Buenos Aires, Argentina. It will be the first African nation to host the event. Four other African countries – Botswana, Nigeria, Senegal and Tunisia – were in the running to host the event, but […]
An Ikeja Special Offences Court on Tuesday remanded an oil trader, Barnabas Akojie, at the Ikoyi Prisons in Lagos, following his arraignment for allegedly defrauding a business partner of $149,950. The News Agency of Nigeria (NAN) reports that Akojie was arraigned alongside his two companies – Hanston Oil & Gas Ltd. and Bahanston Oil & […]