Worsening foreign exchange (forex) scarcity in the country, coupled with an unfavourable operating environment, weakened purchasing power and low demand for locally-assembled vehicles, have inflicted a toll on the automobile sub-sector, as Nigeria has expended over N4.12 trillion on the importation of used vehicles in the past 10 years. The downturn has caused the profit […]
Russia has become China’s biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war. Imports of Russian oil rose by 55% from a year earlier to a record level in May, displacing Saudi Arabia as China’s biggest provider. China has ramped up purchases of Russian oil despite […]
What’s the price of peace? That question could be partially answered Monday night when Russian journalist Dmitry Muratov auctions off his Nobel Peace Prize medal. The proceeds will go directly to UNICEF in its efforts to help children displaced by the war in Ukraine. Muratov, awarded the gold medal in October 2021, helped found the […]
Pope Francis has fuelled the rumour mill with a postponed Africa trip and the curious timing of an upcoming meeting of cardinals — but experts caution against assuming a resignation is nigh. Hobbled by pain in his knee and forced to use a wheelchair in recent weeks, the 85-year-old pontiff postponed a July trip to […]
Research has discovered that people with type 2 diabetes could be helped to lose weight while they sleep, with a new method of treatment being explored by scientists. Researchers at the University of Portsmouth are seeking volunteers to try out the new system, which will see if breathing lower amounts of oxygen (hypoxia) during sleep, […]
President Muhammadu Buhari is of the opinion that the victory of Biodun Oyebanji at the just concluded governorship race in Ekiti State, is a signal that Nigerians accept the All Progressives Congress (APC). Oyebanji was declared winner of the election within the early hours of Sunday, having polled a total of 187,057 votes to defeat […]
Dr Ibby Iyama, the Country Director, Renner and Renner Consulting Ltd., has tasked the Nigerian Ports Authority (NPA) on Procurement Management System (PMS) for International Organisation for Standardisation (ISO) certification. Iyama made this known at the NPA Procurement Strategic Retreat on Saturday in Lagos. The theme of the retreat organised by Renner and Renner Consulting […]
The West must prepare to continue supporting Ukraine in a war lasting for years, Nato’s chief has warned. Secretary-General Jens Stoltenberg said the costs of war were high, but the price of letting Moscow achieve its military goals was even greater. His comments came as UK Prime Minister Boris Johnson also warned of the need […]
The Nigerian Society of Engineers (NSE) Abuja has warned newly inducted members against sharp practices in the engineering profession. Its national president, Mr Tasiu Gidari-Wudil gave the admonition on Saturday in Abuja at the 11th Induction Ceremony of NSE and public lecture. The theme of the lecture is, “Networking Amongst Nigeria Engineers: Building the Nigeria […]
Anambra Police Command, has reiterated its commitment to secure the lives and property of Anambra residents, and urged the public to make maximum use of the “NPF rescue me app”. The state command’s Public Relation Officer, DSP Tochukwu Ikenga, made the disclosure in an interview with The News Agency of Nigeria (NAN) in Awka on […]