Oil prices increased on Monday after tropical storm Sally headed towards the Gulf of Mexico threatening oil production in the area. International benchmark Brent crude was trading at $39.88 per barrel at 0625 GMT for a 0.13% increase after closing Friday at $39.83 a barrel. American benchmark West Texas Intermediate (WTI) was at $37.45 a […]
US software giant Oracle beat its rival Microsoft in a bidding war to buy Chinese-owned TikTok’s US operations, according to media reports published on Sunday. Oracle’s victory came after Microsoft said in a statement that TikTok’s parent firm ByteDance informed the Seattle-based company that it would not be selling TikTok’s US operations to Microsoft. “We […]
The IMF is inviting youth aged 20-32 from across the world to enter the IMF Annual Meetings Youth Fellowship Contest. This is open to bloggers/vloggers, journalists, communications experts, young professionals and students. The COVID-19 pandemic is likely to increase poverty and inequality, expose weaknesses in healthcare systems, weaken job prospects and opportunities that the young […]
The FAO Director-General QU Dongyu today participated in the G20’s Agriculture and Water Ministers meeting, hosted virtually by the Kingdom of Saudi Arabia, and presented several priority areas in which FAO can support G20 countries and the international community to strengthen agrifood systems and recover from the impacts of COVID-19. In his address to the […]
Police on the Greek island of Lesbos fired tear gas at protesting migrants who were left homeless when their camp burned down on Wednesday. Around 13,000 migrants and refugees had been living in squalor in the overcrowded Moria camp, and are desperate to leave the island. The clashes broke out near a temporary camp built […]
A former Managing Director of the Niger Delta Development Commission (NDDC), has forfeited a sum of N250, 000,000(Two Hundred and Fifty Million Naira only) to the Federal Government. Justice R.M Aikawa of the Federal High Court sitting in Lagos, recently granted the final forfeiture of the money, based on an application for final forfeiture of […]
The demand-side impact of Nigeria’s decision to fully deregulate retail fuel prices this week may be modest in the near term but will likely be felt most acutely by European refiners, for whom Nigeria is a key export outlet, according to market watchers. After several attempts to reform Nigeria’s downstream oil sector, Africa’s largest oil […]
Some protesters expressing their displeasure over the recent petrol and electricity tariff hike have been arrested by officers of the police force in Lagos. The arrest took place on Thursday at the Ojuelegba area of the metropolis where the demonstrators were staging a protest. Also arrested alongside the protesters were some journalists. There are claims […]
Lagos State government on Thursday revealed plans on how schools in the state will be reopened amid the coronavirus pandemic. Schools in the state have been closed since April as part of measures to limit the spread of the virus. Tokunbo Wahab, Special Adviser on Education to Governor, Babajide Sanwo-Olu, in an interview on Channels […]
By Foster Obi The 15th annual World Summit on the Information Society (WSIS) Forum concluded today following 11 weeks of virtual events that saw attendees from UN agencies, private sector, governments, academia and civil society joining together online to review their progress on using information and communication technology (ICT) to achieve the Sustainable Development Goals […]