Plans by governments to extract fossil fuels up to 2030 are incompatible with keeping global temperatures to safe levels, says the UN. The UNEP production gap report says countries will drill or mine more than double the levels needed to keep the 1.5C threshold alive. Oil and gas recovery is set to rise sharply with […]
Celebrities and youths on Wednesday held a memorial car procession at the Lekki tollgate in Lagos State. The parade announced by rapper Falz and comedian Mr Macaroni took place amid heavy security presence to commemorate the one year anniversary of the #EndSARS protests that led to the disbandment of the Special Anti-robbery Squad (SARS) of […]
It’s official. Newcastle United are hunting for a new manager. In what has to be one of the most inevitable partings of the Premier League era, Steve Bruce lasted just 13 days after the Saudi Arabian-backed £305m takeover of the club. With the club 19th in the table and without a win after seven games […]
Bitcoin took another step closer to mainstream investing Tuesday with the launch of new security on Wall Street tied to the futures of the cryptocurrency. To mark the occasion, ProShares, the leader in exchange-traded funds, a type of investment linked to an index, rang the opening bell of the New York Stock Exchange on Tuesday. […]
Shareholders in the supermarket chain Morrisons have approved a multi-billion pound takeover offer from a US private equity group. Clayton, Dubilier & Rice (CD&R) can now continue to take over the UK’s fourth-largest supermarket group. Morrisons said 99.2% of shareholders voted in favour of the £7bn ($9.7bn) deal. The takeover had been the subject of […]
The Ambassador of Japan to Nigeria, Mr Matsunaga Kazuyoshi, says the total trade volume between Nigeria, the economic powerhouse in Africa, and Japan is one billion dollars per year. Kazuyoshi stated this via a recorded video, on Monday, at the inauguration ceremony of a two- week anti-piracy first course organised by the Martin Luther Agwai […]
U.S. Vice President Kamala Harris said final congressional passage of the Biden administration’s major infrastructure plan comes down to “a fundamental issue” of the lack of water brought on by climate change. Harris made the comments Monday during a visit to Lake Mead, a man-made reservoir near the gambling and tourist destination city of Las […]
The 2021 Intra-African Trade Fair (IATF) is projected to generate more than US$40 billion in trade and investment deals, Dr George Elombi, Executive Vice President, Corporate Governance and Legal Services at African Export-Import Bank (Afreximbank), has said. Elombi made the disclosure on Monday at a roadshow in Lagos in preparation for the 2nd IATF scheduled […]
North Korea test-fired a submarine-launched ballistic missile (SLBM) Tuesday, South Korea’s military reported, just a month after Seoul conducted its own SLBM test. South Korea’s military, which monitors North Korean launches, said the North fired a short-range ballistic missile, presumed to be an SLBM, from an area off its east coast at about 10:17 a.m. […]
Australian airline Qantas is being prosecuted in a row over the duties of plane cleaners in early 2020. A cleaner was told to stop working after he opposed cleaning practices on aircraft arriving from China. Watchdog SafeWork NSW accused Qantas of discriminatory conduct for stopping the pay of a worker who raised concerns about exposure […]