World News

World Bank approves $16bn carbon credit for African countries
THE World Bank Group yesterday unveiled a new plan that calls for $16 billion in funding to help African coun­tries adapt to climate change and build up the continent’s resilience to climate shocks. The project titled, Accelerating Climate-Resilient and Low-Carbon Development, the Africa Climate Business Plan, will be presented at.....
World’s second-largest diamond ‘found in Botswana’
THE world’s second-largest gem quality diamond has been discovered in Botswana, the Lucara Diamond firm says. The 1,111-carat stone was recovered from its Karowe mine, about 500km (300 miles) north of the capital, Gaborone. It is the biggest diamond to be discovered in Botswana and the largest find in more.....
Venezuela's low-cost housing program is building new homes at a breakneck pace of over 200 a day, according to the government.
The Venezuelan government's housing mission has constructed nearly 100,000 new homes since the start of the year, according to figures released Tuesday. The mission has now constructed a total of 752,585 housing units, Housing Minister Manuel Quevedo said. In January the ministry put the number of completed housing units at.....
How Blatter bought Platini support for £1.35m
UEFA president Michel Platini agreed to back Sepp Blatter for re-election as FIFA president weeks after receiving £1.35m from FIFA on Blatter’s authority in March of 2011, according to a report out of England. Sources told the Guardian on Wednesday that Platini was promised Blatter’s support for the 2015 election.....
Deaton wins Nobel prize in Economics
Princeton University’s Angus Deaton yesterday won the Nobel prize in economics for his wide ranging work on consumption that has  helped redefine how poverty is measured around the world, notably in India. Deaton, 69, won the eight million Swedish kronor (about $975,000) prize from the Royal Swedish Academy of Sciences.....
Oil price fall may continue till 2017 – OPEC
The decline in global crude oil prices may not abate until 2017 as the oil market is expected to rebalance within two years, the Secretary-General of the Organisation of Petroleum Exporting Countries, Abdalla el-Badri, has said. Badri, who spoke in London on Tuesday, was said to have expressed concern about.....
London court seizes £5,000, $2,000 from Diezani’s mother
United Kingdom’s National Crime Agency secured the seizure of the sum of £27,000 (N8,155,164.37) in the case involving the former Petroleum Minister, Diezani Alison-Madueke at the Westminster Magistrates Court, London. As earlier reported, the former Minister was not in court but her mother, Beatrice Agama and one Melanie Spencer, were in court......
Egyptian billionaire offers to buy island for refugees
Naguib Sawiris, an Egyptian billionaire, has on Monday in Cairo disclosed his plan to buy an island for refugees. He said his plan was to buy a Mediterranean island from Greece or Italy, to house the world’s refugees, especially people fleeing to Europe from war-torn countries in the Middle East and.....
US advises Buhari to engage technocrats
President, Biden share notes on terror war The United States Vice President , Joe Biden, has advised President Muhammadu Buhari to engage technocrats to manage key sectors of the economy if the country must record economic fortunes and attract foreign investments. He also shared notes with the Nigerian leader, who.....
Four brilliant Nigerian girls win 2015 Global Technovation Challenge
TEAM Nigeria has  emerged winner in  Technovation Challenge world pitch which held at San Francisco, USA. The winning team comprised of four brilliant girls: Praise David-Oku, Sonam Kumar, Nmesoma Ogbonna, and Grace Akpoiroro as they developed a mobile app to tackle waste disposal challenge in Nigeria. They pitched their app.....
Buhari’s supporters, Jonathan’s sympathisers clash in London
Some supporters of the presidential candidate of the All Progressives Congress, Muhammadu Buhari, and a group of Nigerians allegedly sponsored by the Nigerian government on Thursday clashed at the premises of Chatham House, London, where Mr. Buhari delivered a lecture. Mr. Buhari, a retired major general and former military head.....
Nigeria records best ranking in four years on Transparency International’s corruption index
Nigeria has recorded its best ranking on Transparency International’s corruption perception index (CPI) under President Goodluck Jonathan. In the latest report by TI, Nigeria is ranked the 39th most corrupt country in the world out of the 175 surveyed. Nigeria was ranked 144th in 2013, 139th in 2012 and 143rd in 2011 ─.....

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