Lagos State Governor, Mr. Babajide Sanwo-Olu, has stated that unlocking the potential of the Southwest would depend on the commitment of regional governments to stronger alliances and exploration of evidence-driven solutions for sustainable development. Speaking at the two-day Southwest Investment Promotion Agencies Conference (IPAC-1) in Ikeja, the Governor explained that the forum was informed by Read More…
Nearly 30 generic drugmakers in Asia, Africa and the Middle East will make cheap versions of Merck & Co’s (MRK.N) COVID-19 pill, under a landmark U.N.-backed deal to give poorer nations wider access to a drug seen as a weapon in fighting the pandemic. Merck’s early greenlight to the production of its anti-viral pill molnupiravir Read More…
The Federal Government says it plans to install a five million Solar Home System (SHS) and Mini-Grid across the country to provide electricity to unserved and underserved citizens. Mr Nebeolisa Anako, Permanent Secretary, Ministry of Power, made this known in a statement by Mr Mathew Dan’asabe, Senior Information Officer, in the ministry in Abuja on Read More…
The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries will generate jobs, Read More…
The leader of the banned Nigerian separatist movement, Indigenous People of Biafra (IPOB), pleaded not guilty to eight new charges that include terrorism and incitement on Wednesday as his defence sought the dismissal of the case, arguing that it lacked merit. Nnamdi Kanu, leader of IPOB, previously entered a not guilty plea to seven charges Read More…
Nigeria’s Super Eagles on Wednesday in Garoua advanced in style to the knockout phase of the 2021 Africa Cup of Nations (AFCON) in Cameroon. They beat Guinea-Bissau 2-0 at the Stade Roumde Adjia to become the only side at this 33rd edition of the competition to win all their three group games. The winners of Read More…
Lagos State Government has acquired two 10-car Talgo 330kmph speed trains for its Red Line rail project. The state Gov. Babajide Sanwo-Olu had on Tuesday completed an acquisition deal of the trains at an event inside the Milwaukee facilities of Spanish train manufacturer, Talgo Incorporated, in the U. S. The trains will be heading for Read More…
The Super Eagles encounter with Guinea Bissau counterparts at the ongoing 2021 Africa Cup of Nations (AFCON), has been termed by sports enthusiasts as a “dead rubber game’’ for Nigeria. This is coming on the heels of Nigeria’s qualification to the Round of 16. However, both teams will be looking to end their group campaign Read More…
Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $1.02, or 1.2%, to $87.50 a barrel by 0924 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.36, or 1.6%, Read More…
The management of the Eko Electricity Distribution Company (EKEDC) on Tuesday apologised to its customers in Lagos and some parts of Ogun State over the irregular power supply they currently experiencing. The General Manager Corporate Communications, Mr Godwin Idemudia, in a statement in Lagos, said the epileptic supply was due to reduced load capacity from Read More…