Economy
FG releases N135.4 billion NG-CARES funds to 36 states to share to Nigerians
The Nigerian government has disbursed about N135 billion NG-CARES funds to the states in the country and the Federal Capital Territory to share to Nigerians.
At COP28, Al Gore takes aim at host UAE's emissions
Armed with satellite images of pipelines, former US vice president and climate champion Al Gore singled out the emissions of the United Arab Emirates at the COP28 talks in the oil-rich monarchy on Sunday. The oil company, known as ADNOC, is headed by Sultan Al Jaber, whose appointment as president of COP28 infuriated climate campaigners.
Maghreb farmers embrace drones to fight climate change
A drone buzzed back and forth above rows of verdant orange trees planted near Nabeul, eastern Tunisia. Farmers can then use medicine-filled sprinklers mounted to the drones to target the sickly plants with more precision and consequently less expense.
US Commerce chief warns against China 'threat'
US Commerce Secretary Gina Raimondo on Saturday urged lawmakers, Silicon Valley and US allies to stop China from getting semiconductors and cutting-edge technologies key to national security. Speaking at an annual national defense forum in Simi Valley, California, Raimondo called Beijing "the biggest threat we've ever had" and stressed "China is not our friend."
CBN orders banks to restrict accounts without BVN, NIN, gives implementation date
The central bank of Nigeria has directed that all funded accounts without BVN/NIN be restricted with no further transactions permitted from March 1, 2024.
To greenwash or do the right thing? Corporate dilemmas at COP28
They call the giant climate business expo running outside the COP28 United Nations talks in Dubai the "green zone". With the enormous former Expo 2020 site given over to green -- and not so green -- companies to trumpet their climate credentials, the private sector has never been embraced so warmly at a climate summit as it has been in the oil-rich city state.
Naira records another biggest fall at the official market, depreciates by 11 per cent
The naira depreciated by 11.40 per cent at the Nigeria Autonomous Foreign Exchange market to trade at N927.19 per dollar on Friday, December 1, 2023.
Nuclear power has role to play, atomic energy head tells AFP at COP28
It would be a mistake to reject nuclear power because of problems at a handful of projects, Rafael Grossi, head of the International Atomic Energy Agency said in an interview with AFP. Grossi was speaking at the COP28 conference in Dubai, where on Saturday a group of large countries are expected to call for nuclear power capacity to be tripled by 2050 as part of the fight against global warming.
"N87 trillion debt:" IMF offers Nigeria, other African countries conditions for debt forgiveness
The International Monetary Fund has offered to provide a debt-for-climate swap deal to Nigeria and other debt-ridden countries in Africa and elsewhere.
Economy
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