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African countries are grappling with hurdles that impede sustainable development in the face of pressing challenges. Dr Eric Ogunleye, Director of the African Development Institute, said this on the sidelines of the ongoing 2024 African Economic Conference (AEC) in Gaborone, Botswana. Ogunleye named some of the challenges faced by nations on the continent to include…
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It is not advisable for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to further tighten the Monetary Policy Rate (MPR). An economic expert, Dr Chijioke Ekechukwu said this in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. Ekechukwu, a former president of the Abuja Chamber…
9 mins ago
African countries are grappling with hurdles that impede sustainable development in the face of pressing challenges. Dr. Eric Ogunleye, Director of the African Development Institute, said this on the sidelines of the ongoing 2024 African Economic Conference (AEC) in Gaborone, Botswana. Ogunleye named some of the challenges faced by nations on the continent to include…
14 mins ago
Niger said Sunday it could no longer work with the European Union's ambassador and had requested a replacement "as soon as possible" after the bloc recalled its envoy over a row surrounding the disbursement of emergency aid. Niger's military rulers on Friday accused EU ambassador Salvador Pinto da Franca of distributing 1.3 million euros ($1.36…
21 mins ago
Amid the inexorable shift toward more electric vehicles, oil and gas producers are looking increasingly to plastics to help keep them afloat, even if that sector faces challenges of its own. Plastics and chemical products now account for 15 percent of world demand for the refined petroleum products used to make them. But as "robust…
27 mins ago
Southern Africa's sparsely populated desert nation of Namibia holds presidential and legislative elections Wednesday. Here are five things to know about the uranium-rich country: - First 20th-century genocide - Around 20 years after Germany colonised the territory, its forces carried out what many historians consider the first genocide of the 20th century. German imperial troops…
31 mins ago
It is not advisable for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to further tighten the Monetary Policy Rate (MPR). An economic expert, Dr. Chijioke Ekechukwu said this in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. Ekechukwu, a former president of the Abuja Chamber…
46 mins ago
The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that private planes cannot take off or land at private airstrips without clearance from the government. Keyamo made this known on Sunday during an interview with Channels TV. The House of Representatives had, two months ago, called for the revocation of licenses granted to…
1 hour ago
A DHL cargo plane crashed early Monday near the airport in Lithuania's capital, killing one person, authorities said as they searched for clues to what caused the tragedy. Lithuanian officials, who in the past weeks have been probing alleged acts of sending incendiary devices on Western-bound cargo planes, stopped short of linking the crash with…
1 hour ago
The Association of Ebonyi Indigenes Socio-Cultural in the Diaspora (AEISCID) has cautioned the Governor Francis Nwifuru-led administration against the construction of a new airport in the state amidst widespread poverty among the citizenry. AEISCID's President-General, Amb. Pascal Oluchukwu, in a statement on Sunday in Abuja, argued that the airport project was not a priority for…