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China’s population drops for 2nd year, with record low birth rate

China’s population drops for 2nd year, with record low birth rate

China’s population fell for a second consecutive year in 2023, as a record low birth rate and a wave of COVID-19 deaths when strict lockdowns ended accelerated a downturn that will have profound long-term effects on the economy’s growth potential. The National Bureau of Statistics said the total number of people in China dropped by […]

FG saves N8tn from subsidy removal, FX reform –Tinubu panel

FG saves N8tn from subsidy removal, FX reform –Tinubu panel

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be saving N8tn annually from the fuel subsidy removal and exchange rate unification policies. Oyedele spoke during a panel session at the Lagos Chamber of Commerce and Industry 2024 Economic Outlook and Budget Analysis. He, therefore, […]

Abduction epidemic: Anti-kidnapping protest holds in Abuja today as 10 suspects arrested

Abduction epidemic: Anti-kidnapping protest holds in Abuja today as 10 suspects arrested

Members of the Middle-Belt Youth Forum will on Wednesday (today) in Abuja protest the rising cases of kidnapping in the region and the insecurity that has ravaged parts of the country. This is coming against the backdrop of the arrest of 10 suspected bandits by the military. The President of the forum, Brent Kane, disclosed […]

Shell to exit Nigeria’s troubled onshore oil after nearly a century

Shell to exit Nigeria’s troubled onshore oil after nearly a century

Shell (SHEL.L), opens new tab is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria’s oil and gas business beginning in the 1930s. It […]

Super Eagles settle for 1-1 draw against Equatorial Guinea in AFCON opener

Super Eagles settle for 1-1 draw against Equatorial Guinea in AFCON opener

Super Eagles of Nigeria and the Nzalang Nacional of Equatorial Guinea have settled for a 1-1 draw in their 2023 Africa Cup of Nations (AFCON) opener. In the game played at the Alassane Ouattara Stadium in Abidjan on Sunday, Equatorial Guinea took the lead in the 35th minute after Ivan Edu curled a shot into the […]

Denmark’s King Frederik X appears before huge crowds after taking the throne

Denmark’s King Frederik X appears before huge crowds after taking the throne

Denmark’s King Frederik X ascended the throne on Sunday, succeeding his mother, Queen Margrethe II, who formally abdicated after 52 years as monarch, with large and admiring crowds gathered in the capital to witness history. Margrethe, 83, stunned the nation on New Year’s Eve when she announced she planned to become the first Danish monarch in nearly […]

U.S. does not support Taiwan independence, Biden says

U.S. does not support Taiwan independence, Biden says

U.S. President Joe Biden said on Saturday the United States does not support the independence of Taiwan, after Taiwanese voters rebuffed China and gave the ruling party a third presidential term. Earlier in the day, the Taiwanese ruling Democratic Progressive Party’s (DPP) presidential candidate Lai Ching-te came to power, strongly rejecting Chinese pressure to spurn […]

Nigeria’s Dangote refinery starts production after years of delays

Nigeria’s Dangote refinery starts production after years of delays

 Nigeria’s Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650,000 barrel per day (bpd) plant. The refinery, Africa’s largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion by the continent’s […]

Naira plunges to 1082/$ despite CBN’s $2bn debt repayment

Naira plunges to 1082/$ despite CBN’s $2bn debt repayment

The naira has lost 26.36 per cent of its value against the dollar at the official Investor and Exporter window of the foreign exchange market since the Central Bank of Nigeria announced it has cleared $2bn as part of its backlog obligations. On Monday, the apex bank disclosed it paid $2bn from the backlog of […]

COVID-19 not over, 10,000 deaths recorded December – WHO

COVID-19 not over, 10,000 deaths recorded December – WHO

The World Health Organisation, on Wednesday, warned that the coronavirus disease is still a major threat despite partially passing under the radar. The United Nations agency noted that almost 10,000 COVID-19 deaths were reported in December, saying data from various sources pointed to increased transmission last month, fuelled by gatherings over the Christmas holiday period […]