Global News
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UK celebrates 807 years since signing of Magna Carta
United Kingdom Parliament has celebrated 807 years of Magna Carta, a landmark law signed by King John in 1215 as the first legal document that allowed British citizens to hold the rulers accountable. The UK Parliament in a post put out on its social media pages on Wednesday praised King John for the landmark legislation that changed the face of…
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Nigeria-Switzerland day 2022: issues of mutual interests take centre stage
By Flourish Alonge Long-standing bilateral and multilateral cooperation between Nigeria and the European and other in-depth issues of mutual interests bordering on migration and development, peace and security in Nigeria and the African continent as well as asset-recovery, trade, and investment, were issues that took the center stage at the just concluded year 2022 Nigeria-Switzerland day. At an event tagged…
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Barkindo lauds multilateral declaration of cooperation between OPEC, non-OPEC producers
Mr Mohammad Barkindo, the Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), on Wednesday lauded the 2016 multilateral Declaration of Cooperation (DoC) between OPEC and non-OPEC producers. Barkindo said it was one of the major developments that had affected the global oil industry in the last six years. A copy of his keynote address delivered at the Atlantic Council Global…
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First Edition of “Nigeria Speaks” Art Exhibition Holds in USA
…World Audience Fetes Nigerian Artist In Nigeria’s bid to strengthen and deepen burgeoning cultural diplomacy with the United States of America, the Art Exhibition titled “Nigeria Speaks” became an undeniable iconic moment in history with the passing of the resolution by the Senate of the State of Georgia declaring May 25th “Nigeria’s Art and Culture Day”. The Consulate General of…
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Take people-oriented decisions on Mali, Burkina Faso, Guinea, Buhari charges ECOWAS leaders
President Muhammadu Buhari says any decision to be taken by ECOWAS leaders on the political situations in Burkina Faso, Mali and Guinea must consider the victims of unconstitutional changes of government and the adverse consequences of isolation on them. The President spoke on Saturday in Accra, Ghana at the 6th Extraordinary Session of the Authority of Heads of State on…
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G7 urges Opec to raise output to cool oil market
G7 energy ministers have called on the Opec group of oil producing countries to pump more oil as Russia’s war in Ukraine pushes crude prices to their highest levels in a decade. The call was contained in the final communique of a meeting of G7 energy and environment ministers in Germany, which holds the rotating presidency of the group of…
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How Xi Jinping is damaging China’s economy
Inflexible policies are trumping pragmatism writes Economist Over the past 20 years China has been the biggest and most reliable source of growth in the world economy. It contributed a quarter of the rise in global gdp over that period and expanded in 79 of 80 quarters. For most of the period since China opened up after Mao’s death, the…
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Russians face prospect of Soviet-style shortages as sanctions bite
Stung by Western sanctions, Russia is starting to devolve into a secondhand economy dependent on poor substitutes, where shortages are stirring memories of the consumer wasteland that was the Soviet Union. While it may be able to find new purveyors for some Western-made goods and components in friendly countries such as China and India, Russia is increasingly determined to make…
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Spain, Britain call on NATO to look at Russian threat from Africa
Russia’s expanding influence and activity in Africa pose a “worrying” threat to the security of NATO countries along with its invasion of Ukraine and must be addressed by the military alliance, the Spanish and British defence ministers said Wednesday. At a joint news conference in Madrid, Spain’s Margarita Robles said the expansion of operations by the Russian state and Russian…
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As Ethiopia opens up banking sector to foreign players, there is an important caveat
One of the newly proposed rules that would guide Ethiopia’s banking sector liberalisation is that foreign banks hoping to operate in the Horn of Africa country must do so in partnership with local banks. This was disclosed by the lead consultant that is overseeing the liberalisation process, who also mentioned that only regional banks are eligible to the opportunity for…
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