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…
Britain’s government will cut the BBC’s funding by ordering a two-year freeze on the fee that people pay to watch the broadcaster, the Mail on Sunday reported. The future of the licence-payer funded British Broadcasting Corporation is a perpetual topic of political debate, with Prime Minister Boris Johnson’s government most recently suggesting its funding needs Read More…
Traffic will be diverted on Dopemu Road in the Agege area of the state starting from 10 p.m., on Friday, Jan. 21, for three months. The closure is to carry out rehabilitation and upgrade on the Babajide Sanwo-Olu Road. The Commissioner for Transportation, Dr Frederic Oladeinde, disclosed this in a statement he issued to newsmen Read More…
The Lagos State Public Works Corporation (LSPWC) on Sunday, said it rehabilitated 524 roads in 2021 and was targeting rehabilitation of additional 600 in 2022. Spokesman of the corporation, Mr Samuel Ayetutu in an interview with the News Agency of Nigeria (NAN), said the over 1,000 roads were fixed between June 2019 and December 2021. Read More…