By Cecilia Ologunagba An International Monetary Fund (IMF) team on Thursday said that Nigeria’s economy was “gradually” recovering from the negative effects of the COVID-19 pandemic. IMF disclosed this in its End-of-Mission statement from its headquarters in Washington, DC, on preliminary findings following virtual meetings by its staff teams with the Nigerian authorities from June […]
By Oluwatope Lawanson Lagos State Government on Thursday pledged to attach high premium to issues relating to infrastructure renewal and development as well as capacity building that would enhance youth entrepreneurship and wealth creation. Gov. Babajide Sanwo-Olu made the pledge at a two-day South West Zonal workshop on preparation of the Medium-Term National Development Plan […]
A wave of brief internet outages hit the websites and apps of dozens of financial institutions, airlines and other companies across the globe Thursday. The Hong Kong Stock Exchange said in a tweet Thursday afternoon Hong Kong time that its site was facing technical issues and that it was investigating. It said in another post […]
More jobless U.S. workers sought benefits last week, ending a string of six straight weeks of a falling number of claims, the Labor Department reported Thursday. The world’s biggest economy is on a path toward recovery from the coronavirus pandemic, but 412,000 newly laid-off workers filed for unemployment compensation last week, up 37,000 from the […]
Britain on Thursday said it had agreed on a truce with the United States over a 17-year long tariffs dispute involving European planemaker Airbus and US rival Boeing. It comes in the wake of a similar deal between the European Union and U.S. announced Tuesday. The dispute, the longest-running in the history of the World […]
By Yunus Yusuf The Nigerian Civil Aviation Authority (NCAA) has cautioned all pilots and airline operators over severe thunderstorms and other hazardous weather which hamper flight operations, especially during rainy season. The Director-General, NCAA, Capt. Musa Nuhu, gave the warning in the Advisory Circular (AC) with reference no AC: NCAA-AEROMET 31 addressed to all pilots […]
The Independent National Electoral Commission (INEC) has announced the addition of 56,872 more polling units in various parts of the country. INEC Chairman, Professor Mahmood Yakubu, who made the announcement on Wednesday at the commission’s headquarters in Abuja, noted that the move was in line with the resolve to expand voters’ access to polling units. […]
By Ismaila Chafe The Federal Executive Council (FEC) has approved the resumption of the Federal Capital Development Authority (FCDA) land Swap Initiative to address infrastructure deficit in the Federal Capital Territory (FCT). The Minister of the Federal Capital Territory (FCT), Malam Muhammed Bello, made this known at the end of the council meeting presided over […]
Goldman Sachs has delayed plans to bring all UK staff back into the office after the government extended coronavirus restrictions to July 19. The bank had told staff to be ready to return to the workplace in June, but confirmed the change in a note to workers late on Tuesday. Meanwhile, NatWest said its plans for “priority […]
U.S. President Joe Biden and Russian President Vladimir Putin have begun their highly anticipated summit in Geneva, the Swiss capital chosen as a location for the summit for its history of political neutrality. The leaders thanked each other during the brief, and chaotic press opportunity at the beginning of their meeting where American and Russian media jostled […]