Major oil producers seeking to boost output will meet on Sunday, OPEC said, after negotiations earlier this month became deadlocked over plans to gradually ease production cuts. The OPEC+ grouping, which includes Saudi Arabia and Russia, will meet via videoconference at 1000 GMT on Sunday, the Vienna-based OPEC Secretariat said in a statement. […]
By Cecilia Ologunagba The US Centre for Disease Control and Prevention (CDC) on Friday confirmed that a rare case of human monkeypox was detected in Texas, making it the first case of the virus seen in the state. The viral illness was found in a U.S. resident, who recently travelled from Nigeria to the US […]
By Chimezie Anaso Some politicians in Anambra have expressed mixed reactions to the governorship candidates’ list released by the Independent National Electoral Commission (INEC) in Abuja on Friday. The list came as a surprise to many as prominent names including that of Prof Chukwuma Soludo and Mr Valentine Ozigbo who were expected to contest for […]
By Cecilia Ologunagba The President of the UN Economic and Social Council (ECOSOC), Mr Munir Akram, has said that developing countries require need 4.3 trillion dollars to realise the 17 objectives of the Sustainable Development Goals (SDGs) by 2030. Akram spoke on Friday at the UN headquarters in New York at a high level meeting […]
Drugs giant GlaxoSmithKline (GSK) is launching a development plan that is set to create up to 5,000 new jobs. The company is looking to extend its facility in Stevenage, Hertfordshire, where it currently conducts research and development. GSK says the plan could create thousands of highly skilled jobs in the next five to 10 years. […]
The US has issued a warning to firms over the risks of doing business in Hong Kong after China imposed a new national security law there last year. A new business advisory tells multinational firms that they are subject to the laws and that their people could be arrested under them. Other risks may include having […]
By Chijioke Okoronkwo The National Economic Council (NEC) on Thursday assured that there was no indication of an imminent lockdown, as the nation braces up for COVID-19’s third wave. Gov. Babajide Sanwo-Olu of Lagos State, stated this in a briefing to State House correspondents after the virtual NEC meeting presided over by Vice President Yemi […]
The US Consumer Product Safety Commission says Amazon is selling hazardous products to its customers. The federal safety watchdog is suing Amazon to stop. Among the products cited in the suit are carbon monoxide detectors that fail to alarm, numerous children’s pajamas that could catch fire and nearly 400,000 hair dryers that could electrocute people if dropped […]
By Solomon Asowata The Department of Petroleum Resources (DPR) has assured Nigerians of petroleum products availability during the Sallah holidays. Mr Paul Osu, Head, Public Affairs, DPR, gave the assurance in a statement issued on Friday in Lagos. The News Agency of Nigeria (NAN) reports that the Federal Government has declared July 20 and 21 […]
The mystery bidder who put up a whopping $28 million for an 11-minute joy ride to the edge of space alongside Jeff Bezos will not make the trip, Bezos’ rocket company Blue Origin announced Thursday. Blue Origin said in a press release that the person, who asked to remain anonymous for the time being, had to bow out because […]