The Big Story articles

New Technology Could Wipe Out Trillions in Fossil Fuel Investment

New Technology Could Wipe Out Trillions in Fossil Fuel Investment

We are living in a carbon bubble with trillions of dollars held in oil, gas, and coal assets that would be wiped out before long as technological advancements in all sorts of industries quickly undermine fossil fuel demand. This is the gist of a recent study led by the University of Cambridge, which involved macroeconomic

NASS Threatens Buhari With Invocation Of Constitutional Powers

THE National Assembly has vowed to “evoke its constitutional powers” if President Muhammadu Buhari does not address resolutions arrived at during its joint closed-door session held on Tuesday. This was revealed via the official handle of the Nigerian Senate (@NGRSenate), following the emergency session that lasted over four hours. The session made a total of

AMCON Boss Calls for Stronger Corporate Governance

By Ben Igbokwe — Initiate new strategies to fast-track debt recovery Lagos, Nigeria – The Managing Director/Chief Executive of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has called for a stronger corporate governance rules and observance by the operators in the public and private sectors of the economy during an interactive session

Why Nigerian doctors are leaving country in droves

FRANCIS Adedayo Faduyile, President of the Nigerian Medical Association (NMA), says the reason Nigerian medical doctors are leaving the country can be summarised into three namely, poor remuneration, poor facilities in hospitals, which ultimately results in lack of job satisfaction. Faduyile, a consultant pathologist and an associate professor, says doctors are tired of helplessly watching

Trump cancels summit with North Korea

By Alex Ekemenah The much-awaited bilateral summit between the United States and North Korea already scheduled to take place on June 12, 2018 in Singapore has been cancelled. The summit was cancelled by President Donald Trump of the United States in a letter written to the North Korean leader, Kim Jong Un, dated May 24,

NNPC to Redeem 2.1 Billion Naira NPA Debt This Week

Abuja – Nigeria: All debts owed the Nigerian Ports Authority (NPA) by the Nigerian National Petroleum Corporation (NNPC) between 2017 to date, amounting to about 2.1 Billion Naira for services rendered to the Corporation are to be settled this week. This is coming just as the NPA has assured that henceforth the NNPC would not

Korea announces $5-billion financial package for Africa at African Development Bank Annual Meetings

BUSAN, Republic of Korea — The Government of Korea and the African Development Bank ( have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5-billion bilateral financial assistance package for

IMF Doubts Nigeria’s Capacity To Repay Debts

The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilise more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue of the Regional Economic Outlook for Sub-Saharan Africa, said the public debt in the region