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Business Climate Finance Finance

ONE Campaign exposes $343 billion climate finance gap; Nigeria left with $4.5 billion shortfall

A recent analysis by the ONE Campaign exposed significant discrepancies in climate finance commitments from developed nations, with almost two-thirds of the pledged $343 billion between 2013 and 2021 either unreported as disbursed or loosely linked to climate initiatives. Nigeria, facing a $4.5 billion shortfall, underscores the substantial deficit in pledged climate funds. According to Read More…

Crime Domestic Violence Nigeria

FG pledges legal framework to tackle school-related gender-based violence

In Abuja, Mr. Lateef Fagbemi (SAN), the Attorney-General of the Federation (AGF) and Minister of Justice, disclosed the government’s commitment to crafting standard operating procedures (SoP) aimed at instituting a legal avenue for addressing Gender-Based Violence (GBV) in schools. This announcement took place during the national close-out/handover ceremony of the EU-UN Spotlight Initiative project, orchestrated Read More…

Business Manufacturing

Experts emphasise collaboration for Nigeria’s manufacturing growth

During the Manufacturers Association of Nigeria (MAN) Ikeja Branch public lecture in Lagos, experts highlighted the pivotal role of collaboration in fostering a robust manufacturing ecosystem and propelling industrialisation in Nigeria. Dr. Paul Alaje, a Chief Economist, underscored collaboration as pivotal in advancing the country’s industrialization. He emphasised the need for a holistic approach to Read More…

Hockey Sports

Delta Queens secure hockey bronze at 25th Women 2023 Africa Cup for Club Champions

The Delta Queens hockey team from Nigeria has once again solidified their position in African hockey history, seizing the bronze medal in a thrilling display at the 25th Women 2023 Africa Cup for Club Champions (ACCC) in Malawi. According to Adeoye Jacobs, the team’s coach, their achievement of the bronze medal marks a significant milestone, Read More…

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Business Ethics Technology

Nigeria joins global effort for secure AI: Unveiling international guidelines

Nigeria, alongside the United States, Britain, and 15 other nations, revealed an international pact aimed at ensuring the safety of artificial intelligence (AI) from malicious use. Emphasising the need for AI systems to be “secure by design,” the 20-page document focuses on urging companies involved in AI development and utilisation to prioritise public and customer Read More…

Business Debt Economy

Approval Granted: Nigeria Secures $1 Billion AfDB Loan for Budget Support and Forex Supply

Finance Minister Olawale Edun announced the Federal Executive Council’s (FEC) approval of a $1 billion concessional loan from the African Development Bank (AfDB) aimed at bolstering the budget and enhancing foreign exchange reserves. Edun revealed the loan details, citing a 4.2% interest rate over 25 years with an eight-year moratorium, following a cabinet meeting in Read More…

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Impact Metro

SOS Children’s Village marks 50 years of transformative impact in Nigeria

The 50th-anniversary celebration of SOS Children’s Village in Nigeria was a momentous event held in Lagos, symbolising five decades of dedicated service under the theme “50 Years of Impact: Nurturing Futures, Transforming Lives.” Speaking on the occasion, Mr Ehgosa Erhumwunse, the National Country Director, highlighted the organization’s commitment to transforming the lives of vulnerable children Read More…

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Civil Service Nigeria Top Story

Exploring possibilities: AI’s potential in transforming Nigeria’s civil service

In a hypothetical scenario where Artificial Intelligence (AI) assumed complete control of the Nigerian Civil Service, the landscape transformed drastically. The Nigerian Civil Service, traditionally marred by bureaucracy, inefficiency, and corruption, witnessed a paradigm shift as AI systems were deployed across its administrative corridors. The Nigerian Civil Service, a cornerstone of governance, has long grappled Read More…

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Such is life Top Story Urban Living

Lagosians find relief in ‘Rage Room’ therapy amid rising stress levels

In Lagos, Nigeria, an unconventional form of therapy has emerged as an outlet for pent-up frustration. The “rage room” at Shadow Rage Room allows patrons to unleash their anger by breaking glass, smashing furniture, and demolishing electronic devices in a controlled environment, free from consequences. Offering 20-minute sessions for N7,500, co-founder Banjoko Babajide James revealed Read More…