The International Energy Agency (IEA) is set to present its World Energy Outlook in Paris on Wednesday. In light of the escalating crisis in the Middle East and the growing geopolitical tensions worldwide, a key focus is the issue of energy security. Energy security includes oil and gas supply, the electricity sector, critical minerals, but…
European Union (EU) Energy Commissioner Kadri Simson announced that the EU is ready for the possibility of no Russian gas flowing through Ukraine when the current transit contract expires. “Central and Southeastern Europe have diversified their supply options to fully replace the 14 billion cubic meters of Russian gas still transiting via Ukraine,” Simson said…
UN Women has donated two rice mills to women farmers in Dass Local Government Area of Bauchi State. The UN agency donated the mills to Badal and Mbakwara farmer groups, to provide livelihood and encourage rice production. Beatrice Eyong, UN Women representative in Nigeria and ECOWAS, stated this at the unveiling of the mills, on…
(dpa/NAN) A recent report from German insurer HUK Coburg shows a sluggish transition to electric vehicles among German car buyers, indicating that a small fraction of the population is fully embracing electric cars. According to the report, only 3.9 per cent of private car owners opted for electric vehicles both new and used during the…
Vice-President Kashim Shettima says collective action is key to building climate-resilient communities as a solution to Africa’s Climate Future. Shettima said this in his keynote address titled: “Securing Africa’s Green Future: Leading the Global Climate Change Agenda” at the 2nd Edition of the Africa Climate Forum 2024 in Abuja on Monday. The News Agency of…
The World Bank said on Monday it had lowered its economic growth forecast for sub-Saharan Africa this year to 3 per cent from 3.4 per cent, mainly due to the destruction of Sudan’s economy in a civil war. However, growth is expected to remain comfortably above last year’s 2.4 per cent thanks to higher private…
The West and Central Africa Wheat Development Network (WECAWheat), has called on member Governments to prioritise enacting and enforcing policies that support strategic investments in wheat production in the region. WECAWheat made the call in a communiqué issued at the end of its Second Regional Summit in Abuja on Monday. The summit sought for a…
The Federal Government has urged Nigerians living in China to continue to promote the country’s cultural heritage toward fostering nation-building. The government also urged them to live peacefully with their hosts at all times. Amb. Akinremi Bolaji, Director of Trade, Economic, and Investment, Ministry of Foreign Affairs, gave the advice in his virtual address on…
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 8 pips to 7.0723 against the dollar on Monday. 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 World Bank says 26 poorest countries worldwide “are deeper in debt than at any other time since 2006,” while being increasingly vulnerable to natural disasters and other catastrophes. In its analysis, the World Bank found that these 26 nations, which have an annual per capita income of less than 1,145 dollars a year, “are…
