Child labour has increased to 160 million – the first rise in two decades – and that number could swell by millions more because of the effects of the coronavirus pandemic, the UN said on Thursday. A report by the [...]
Nigeria is in talks with four West African countries expected to buy unused electricity from it. The deal will be done through a planned $570 million Northcore Power Transmission Line. The acting Managing Director of the Transmission Company of Nigeria [...]
The Inspector-General of Police, Usman Alkali Baba, has said that all existing vehicle tinted glass permits which were duly issued by the Nigeria Police Force remain valid. This is an update on the order by the IGP which, a few [...]
With as much as $220 million investments in about 11 data centre operations in Nigeria, utilisation of this huge infrastructure is still below 30 per cent in the country. The Hopefornigeriaonline gathered that a data centre requires between $10 million [...]
Two suspected Transborder cattle rustlers have been arrested by the police in Adamawa State. The police have also recovered 83 heads of cattle from the arrested suspects, a 32-year-old Njidda Ardo and one Julde Ali, 30-year-old; both from Rumirgo village [...]
The recent approval of two fresh foreign loans of $1.5 billion and €995 million respectively, by the Senate, has raised a lot of concerns among many stakeholders in the country. Many have considered it a very bad move in the [...]
The £4.2 million recovered from the former governor of Delta State, James Ibori, has been paid to the Delta State Government, the Accountant General of the Federation, Ahmed Idris, said on Tuesday. The fund, which the federal government recently received from [...]
The leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, has engaged a new American lobbying firm to help the group win the support of the U.S. government. The one-year deal is slated to run for 12 months and [...]
Nigerian farmers and agricultural scientists have expressed optimism that food production will receive a boost as the southern governors have declared a ban on open cattle grazing in the regions. For decades, open grazing of cattle has led to violent [...]
Nigeria’s economy grew 0.51 per cent in the first quarter of 2021, a report published by the statistics office on Sunday shows. The latest report highlighted two consecutive quarters of growth following the negative growth rates recorded in the second [...]
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Bolaji Owasanoy, has canvassed the payment of interests on stolen funds by benefiting foreign nations as part of measures to redress the menace of Illicit Financial Flows (IFFs). The [...]
Nigeria will begin the operation of a new national air carrier in the first quarter of 2022, the Minister of Aviation, Hadi Sirika, announced Wednesday. Mr Sirika said this while speaking to journalists after the Federal Executive Council presided by Vice President [...]
A Paris summit Tuesday promised to help Africa overcome the coronavirus pandemic with a “New Deal” using global financial firepower to replenish depleted coffers and ramp up a sluggish vaccine rollout. The summit, which brought together African leaders and global [...]
UNDP ex-consultant cautions President against sinking Nigeria President Muhammadu Buhari, yesterday, wrote the National Assembly for approval to borrow fresh $6.183 billion (N2.343 trillion) to fund the 2021 budget deficit of N5.602 trillion. Titled “Request for the resolution of the [...]
Nigeria’s inflation rate reduced by 0.05 per cent in April compared to what obtained in March, the National Bureau of Statistics said in a report Monday. The bureau said while inflation rate stood at 18.17 per cent in March, it reduced to [...]
Godwin Owoh, a professor of applied economics and expert in central banking, in an interview with GEOFF IYATSE, speaks on the economic distortion caused by unrestrained Ways & Means (W&M) financing, the Central Bank of Nigeria (CBN) supervision and other [...]
Bauchi Governor Bala Mohammed has said the Federal Government has lost ideas on how to address the various economic challenge bedeviling the nation. Mohammed, who spoke on Thursday at the Government House shortly after performing the Eid prayers to mark [...]
Tesla hit the brakes Wednesday on letting people pay for electric cars with bitcoin, saying the computing-intense mining process of creating new cryptocurrency spews climate-harming emissions. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and [...]
The Transmission Company of Nigeria (TCN) says the national grid experienced a total system collapse on Wednesday resulting in blackout in some parts of the country. The TCN confirmed the development in a statement by its General Manager, Public Affairs, Ndidi Mbah. [...]
The House of Representatives Committee on Petroleum (Upstream) has given the Nigerian National Petroleum Corporation (NNPC) 14 days ultimatum to appear before it. Should the NNPC fail to appear, the committee said, it will summon the Minister of Petroleum, President Muhammadu Buhari. [...]
Indonesia’s economy shrank for the fourth consecutive quarter in January-March, data showed Wednesday, as the country’s leaders struggle to overcome a recession wrought by the coronavirus pandemic. The 0.74 percent on-year contraction was a big improvement on the 2.19 percent [...]
The future of transportation appears to be electric. More and more people across the globe are opting for electric vehicles and the industry is undeniably on a positive trajectory. According to the International Energy Agency, the number of electric cars, [...]
The Federal Government has insisted that Nigerians should brace up for an increment in the pump price of petrol, in the light of the current economic situation in the country. The Minister of State for Petroleum Resources, Chief Timipre Sylva, [...]
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. The query is contained in a letter dated April 28, 2021, signed [...]
Matthew Page, an associate fellow of London-based Chatham House, an international affairs think tank, has advised investigators to focus on real estate and education sectors, when tracking illicit financial flows and money laundering. He gave the advice in a paper [...]
Governor Kayode Fayemi says his administration has imported more than 200 pregnant cows from the United States of America. Ekiti-owned Ikun Dairy Farm will manage the pregnant cows in Ikun-Ekiti. The farm is to serve as a prototype for the [...]
The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against what it described as any investment that promises returns that looks too good to be true. “Though risk-taking is considered by some as the oxygen that drives investment decisions, [...]
The Federal Government can no longer continue to shy away from frontally confronting the absurdities inherent in the country’s downstream petroleum sector that has witnessed galloping prices in the midst of huge and endless government subsidy. It is a grave [...]
Since Nigeria’s Fourth Republic began in 1999, the eight oil and gas producing states have received over N9 trillion under the derivation principle sanctioned by the nation’s constitution. The constitution stipulates payment of 13 per cent of oil revenue from [...]
The National Economic Council (NEC) has denied the federal government printed money to boost allocations to states in March, brushing aside explanations by the central bank governor that the bank was within its rights to do so. The government had [...]
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