World Bank-financed project, Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) and Yobe Government have disbursed $2.525m as revolving fund to 101 communities in the state to boost agricultural development. Gov. Mai Mala Buni of Yobe State, made this known at the presentation of cheques to the beneficiaries on Saturday in Damaturu. Buni said that the fund…
Vice-President Kashim Shettima, on Wednesday, said Nigeria was ready to spearhead the African Continental Free Trade Area (AfCFTA). Shettima said this at a forum of Friends of AfCFTA on the sidelines of the ongoing 2025 World Economic Forum (WEF) in Davos, Switzerland. While addressing the forum tagged, “Forum Friends of AfCFTA: Turning Digital Trade into…
Reducing energy prices in the European Union is a top priority, and measures to achieve this will be revealed next month, according to European Commission President Ursula von der Leyen. “Energy prices in Europe are still structurally higher than in the United States and China, and they vary significantly within the European Union,” von der…
Vice-President Kashim Shettima and the President of Botswana, Duma Boko, held a bilateral meeting on Tuesday to discuss areas of mutual interest between both countries. The News Agency of Nigeria (NAN) reports that the meeting took place on the sidelines of the 2025 World Economic Forum in Davos, Switzerland. Shettima explained that the meeting was…
Nigeria and Saudi Arabia have renewed plans to build the capacity of their geological agencies by leveraging the breakthroughs recorded by Saudi firms in mineral exploration. Segun Tomori, the Special Assistant on Media to the Minister of Solid Minerals Development, Dele Alake, made this known in a statement on Tuesday in Abuja. He said that…
Portugal plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia. Environment Minister Maria da Graca Carvalho said on Tuesday that Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96 per cent was LNG. According…
European Commission President Ursula von der Leyen said on Tuesday that “it is in no one’s interest to break the bonds of the global economy in a new era of fierce geostrategic competition’’. “We will need to work together to avoid a global race to the bottom because it is in no one’s interest to…
EU Commission President Ursula von der Leyen said on Tuesday the European Union (EU) must deepen ties with China and strive for mutual benefits. “I believe we must engage constructively with China to find solutions in our mutual interests. The year 2025 marks 50 years of our union’s diplomatic relations with China, I see it…
The European Investment Bank is to invest 2 billion euros (2.07 billion dollars) in the European defence industry in 2025, the bank’s President, Nadia Calviño, announced on Tuesday. “Last year, the European Investment Bank reached a record 1 billion euros in investments in the area of security and defence,’’ Calviño said. He said this when…
The International Energy Agency (IEA) has urged global cooperation to ensure security of supplies amid a tightening global gas market. In its quarterly gas market report released in Paris on Tuesday, the IEA highlighted efforts from the past year to enhance market transparency, data sharing, and cooperation mechanisms for both natural gas and liquefied natural…
