China on Wednesday said that it was unaware of the possible involvement of a Chinese ship in the damage reported on two communication cables in the Baltic Sea. According to the Financial Times report the Chinese-flagged freighter Yi Peng 3 was sailing near the submarine cables around the time of the incident. Surprisingly, the Chinese…
Statistics South Africa on Wednesday said South Africa’s inflation rate dropped in October to its lowest level since the peak of the COVID pandemic. Statistics South Africa said falling fuel prices were the primary driver of the slowdown in annual inflation to 2.8 per cent from 3.8 per cent in September (ZACPIY=ECI), opening a new…
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 24 pips to 7.1935 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
The high-level diplomatic push for climate action shifted southward on Tuesday as G20 leaders meeting in Rio, backing scaling up climate finance. The leaders sent a clear signal to negotiating teams at stalled UN climate talks in Baku on the need to rapidly and substantially ‘scale up climate finance from billions to trillions from all…
The United Nations Educational Fund (UNICEF) says that more than 95 million Nigerians lack access to sanitation services. Dr Olusoji Akinleye, Coordinator and Officer in Charge (OIC) UNICEF, Field Office, Enugu, said this on Tuesday, in Enugu at a media dialogue to mark the “2024 World Toilet Day” with the theme: “Toilets; a place for…
In a bid to combat phone theft and protect users’ sensitive data, Google on Tuesday in Lagos announced new advanced theft protection features for Android devices in Africa and around the world. The announcement is contained in a statement made available to the News Agency of Nigeria (NAN) by Mrs Oluwaseun Odufuwa, Account Manager, Irvine…
President Bola Tinubu on Monday said the creation of the Global Alliance Against Hunger and Poverty, championed by President Luiz Inacio Lula da Silva of Brazil, was pivotal in the global fight against hunger and poverty. Tinubu said this at the 19th G20 Leaders Summit opening session in Rio de Janeiro, Brazil. He lauded the…
The G20 on Tuesday launched the Global Alliance against Hunger and Poverty to support the implementation of country-led, country-owned programmes aiming at reducing hunger and poverty worldwide According to the G20 Rio de Janeiro Leaders’ Declaration, this step will help in contributing to revitalising global partnerships for sustainable development. The G20 leaders renewed their commitment…
G20 leaders, on Monday, inaugurated a Global Alliance Against Hunger and Poverty, during the opening session of the 19th Heads of State and Government Summit of the Group of 20 (G20) in Rio de Janeiro, Brazil. The alliance signed by all member countries empowers a Task Force to implement practical activities between 2025 and 2030…
The U.S. government through the United States Agency for International Development (USAID) has announced a strategic partnership of N3.5m dollars with Nigeria’s private sector to strengthen the nation’s creative industry. The partnership with Ascend Studios, tagged the “Africa Creative Blueprint”, will strengthen Nigerian youth with skills and resources needed to elevate them to the international…
