By Foster Obi Nigerian Government and Industry Joint Working Group (NIWG) while extolling the benefits of collaboration on maritime security in the country has said that although this positive progress speaks to the benefits of leveraging the collective strength and capabilities of both Government and industry in striving toward a shared goal, the reality […]
OPEC has for the first time forecast the peak in global demand, estimating that the world’s thirst for oil will stop growing in about 20 years. With the coronavirus pandemic prompting a re-examination of the oil market and countries becoming more aggressive on their sustainability targets, OPEC on Oct. 8 estimated that global demand would […]
The family of Chineme Martins has enlisted the support of global football players’ union Fifpro as they pursue a claim of negligence following the Nigerian footballer’s death in March. The Nasarawa United player, 23, died of suspected cardiac arrest during a league game in Lafia, whereupon a series of on-and-off-field failures prevented him from receiving […]
By Foster Obi The International Air Transport Association (IATA) has warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations. The Association noted that the slow recovery in air travel will see the airline industry […]
President Muhammadu Buhari has presented the proposed 2021 Budget of N13 trillion to the National Assembly. Compared to budget presentations done in previous years, the President was only accompanied by Vice President Yemi Osinbajo and a few ministers, while the others participated virtually. According to Senate President Ahmed Lawan, the new arrangement became necessary in […]
Nigeria’s Ngozi Okonjo-Iweala has reached the final stage in the race to lead the World Trade Organisation. The former finance minister alongside Yoo Myung-hee of South Korea are the final candidates remaining in the race, sources familiar with the decision said Wednesday, in what will be a first for the trade body. The official announcement […]
By Foster Obi Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman today at the Authority’s Corporate Headquarters, Marina Lagos, played host to the Ambassador of the Kingdom of Belgium on courtesy call. Pix show L-R: General Manager, Corporate & Strategic Communications, NPA, Adams Jatto, Honorary Consul, Embassy of the Kingdom of Belgium, Laurent Backx, […]
By Foster Obi Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta said that the regulatory action of the Commission that boosted the listing of MTN Nigeria on the country’s stock market has continued to generate economic gains to Nigeria in terms of promoting market capitalisation and yielding dividends to […]
West Africa’s regional bloc ECOWAS lifted sanctions against Mali on Tuesday after the prime minister announced the rest of the transitional government positions nearly two months after a military coup. In a communique, the regional heads of state cited “significant advances” toward a return to democracy in Mali, noting the selection of a civilian president […]
Britain’s Roger Penrose, Reinhard Genzel of Germany and American Andrea Ghez won the 2020 Nobel Prize for Physics on Tuesday for their discoveries about one of the most exotic phenomena in the universe, the black hole. David Haviland, member of the Nobel Committee for Physics and Secretary General of the Royal Swedish Academy of Sciences […]