The Bank of England and the Treasury are to launch a formal consultation on a UK central bank digital currency. This evaluation of the design and possible benefits a new kind of digital money is a further step towards its possible creation. The currency, for use by households and businesses, would sit alongside cash and […]
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of Oil Mining Lease (OML 29) on Wednesday said the volume of oil leakage in Friday from its operations in Bayelsa was yet to be determined. The management of AEEPCO in a statement by its Spokesperson, Mr Mathew Ndianabasi, confirmed that the incident occurred on Nov. 5. […]
The Senate has passed the Electoral Act Amendment Bill and approved the electronic transmission of results. The approval was given on Tuesday when the lawmakers resumed plenary after a three-week recess. A seven-man conference committee had been constituted by the Upper chamber to meet with members of the House of Representatives Conference Committee and harmonise […]
Cleen Foundation, a Non-Governmental Organisation (NGO), has urged the Independent National Electoral Commission (INEC) to improve on the Bimodal Voter Accreditation System (BVAS) and other logistics. Mrs Ruth Olofin, Acting Executive Director of the foundation, said this on Tuesday in Abuja at a news conference to review the Nov. 6 Anambra Governorship Election. Olofin said […]
Rolls-Royce has been backed by a consortium of private investors and the UK government to develop small nuclear reactors to generate cleaner energy. The creation of the Rolls-Royce Small Modular Reactor (SMR) business was announced following a £195m cash injection from private firms and a £210m grant from the government. It is hoped the new […]
Meta, an American multinational technology company, says it will be launching Facebook Business Coach, an innovative and easily accessible way for owners of Small, Medium-sized Businesses (SMBs). This it said was to help them learn more about how to grow their businesses online with Facebook, Instagram and WhatsApp. Meta in a statement on Tuesday, said […]
Cash-strapped Chinese real estate giant Evergrande has raised around $145m (£107m) just before a deadline for a fresh debt interest payment. The company has sold a 5.7% stake in media firm HengTen Networks Group which produces films and television shows, and operates a streaming platform. Evergrande needs to make overdue interest payments of $148m this […]
Chief Elvis Agukwe, a chieftain of the All Progressives Congress (APC) in the South East, on Monday described APGA’s lead in Anambra Gubernatorial election as a political disadvantage to the zone. Agukwe told the News Agency of Nigeria (NAN) that the lead had further isolated the zone from National political grid. He said that it […]
The UK’s trade deal with the EU could collapse in a row over Northern Ireland, says a senior Irish minister. The UK is thought to be preparing to suspend parts of the Northern Ireland Protocol. Irish Foreign Minister Simon Coveney hinted the EU could terminate the Trade and Cooperation Agreement in response. He said: “One […]