Okonjo-Iweala set to lead World Trade Organization

< 1 min read Nigerian finance minister Ngozi Okonjo-Iweala has been recommended to become the new director-general of the World Trade Organisation. A key group of WTO ambassadors proposed Okonjo-Iweala to lead the World Trade Organization, Reuters reported on Wednesday. The recommendation of Okonjo-Iweala was made by three WTO ambassadors, the so-called “troika”, after consulting with members in a series of closed-door meetings in…

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Learn new skill: FG launches digital Nigeria portal, mobile app

2 min read The Federal Government has launched a Digital Nigeria Portal and Mobile Application in furtherance of the Digital Nigeria Programme, which was kick-started by President Muhammadu Buhari, on March 19, 2020. Dr Isa Pantami, the Minister of Communications and Digital Economy (FMCDE) performed the virtual launch of the mobile application on Monday in Abuja. Pantami said it was part of the…

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Niger exports fuel to Nigeria as Egypt, Algeria build 13 refineries

5 min read Neighbouring Niger Republic, which started commercial oil production in 2011, now exports petroleum products to Nigeria, as Egypt and Algeria lead African operations with 13 refineries. Both countries (Egypt and Algeria) have combined capacity of 1.4 million barrels per day. For decades, Nigeria’s three major refineries have been grounded to near-zero capacity utilisation with all of its refined fuel imported…

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Jeff Bezos Becomes First Person To Hit $200 Billion Networth

< 1 min read Amazon Cheif Executive Officer Jeff Bezos has set a new record on the rich list by becoming the first person to amass a fortune of $200 billion. Bezos’ net worth soared to a record $200 billion on Wednesday when shares of his online shopping behemoth Amazon hit $3.403.64 on surging demand for contactless shopping, according to Forbes. Forbes said that as…

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Adesina re-elected AfDB President

2 min read Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank President for a second five-year term. The election took place electronically on Thursday at the virtual annual general meeting of the bank. Adesina’s reappointment on Thursday at the helm of the 56-year-old bank is considered a formality as he is the sole candidate. Presidential new media…

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Jihadists take hundreds hostage during raid in north-east Nigeria

3 min read

Residents of Kukawa in Borno state had just returned home after almost two years displaced in refugee camps

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Apple becomes 1st US company to hit $2 tn in market value

3 min read Apple on Wednesday became the first US company to reach $2 trillion in market value in the latest demonstration of how tech giants have benefited from the upheaval of the coronavirus. The iPhone maker attained the distinction in mid-morning trading and was up 1.1 percent at $467.18 near 1545 GMT. The company had previously become the first giant to hit…

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How herdsmen killed my fiancé, kidnapped me –Oyo female farmer

2 min read Modupeoluwa Oyetoso has taken to Twitter to narrate how her fiancee was killed and she was kidnapped by suspected Fulani herdsmen on her way from farm in Lanlate town, Ibarapa East Local Government Area of Oyo State. According to Oyetoso, she said she regained freedom two days after her parents paid an undisclosed amount of naira as ransom while her…

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UK economy in recession for first time in more than 10 years

3 min read The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession. The economy shrank 20.4% compared with the first three months of the year. Household spending plunged as shops were ordered to close, while factory and construction output also fell. This pushed the UK into its first technical…

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Nigerians pay N2tr for calls, data in six months

4 min read • COVID-19 pushes up expenditure amid poor services • Each subscriber spends N1,725 monthly • GSM operators see more growth, MTN claims pandemic spike data usage The COVID-19 pandemic and its economic disruptions notwithstanding, the first half of the year has yielded huge revenue, amounting to N1.97 trillion, for telecommunications operators. The amount was spent by subscribers on telephony services,…

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