An international non-profit organization, Oxfam has warned that up to twenty-eight million people in East Africa are at risk of extreme hunger due to price increase occasioned by the Ukraine war and potential lack of rain. The group said Kenya, Somalia and Ethiopia are experiencing the driest weather in forty years. Oxfam also highlighted what it views…
President Muhammadu Buhari has commissioned the Dangote fertiliser plant built at a cost of two point five billion dollars at Ibeju Lekki in Lagos State. Speaking at the event, president Buhari said Dangote Group is the second-largest employer of labour in Nigeria after the Federal Government. The president added that the contributions of Dangote Industries have further…
The domestic debts owed by state governments and the Federal Capital Territory Administration rose to six point four three trillion naira at the end of 2021. Sub-national domestic debt stock was four point four six trillion naira while the sub-national external debt stock was one point nine seven trillion naira in 2021. Lagos, Ogun and Rivers became…
Rescuers at the site of a plane crash in southern China have found burnt wreckage and personal belongings of those on board but no sign of any survivors. China Eastern flight MU5735 was carrying 132 people when it dropped 30,000ft into hills in Guangxi. The cause of the Boeing 737-800’s crash is being investigated. Recovery work has…
An officer of the Economic and Financial Crimes Commission who leaked a video of former governor of Anambra State, Willie Obiano, in detention has been identified and is currently facing disciplinary action. The EFCC confirmed this in a statement on its social media handles, in which it distanced itself from the video, adding that it was completely…
The Central Bank of Nigeria has retained the Monetary Policy Rate at eleven-point five percent. The Monetary Policy Committee of the CBN also agreed to maintained other measurement indicators of the economy at the same points. CBN Governor Godwin Emefiele made the announcement during a media briefing in Abuja at the end of the meeting of the…