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World News

Obama appoints 34-yr-old Nigerian, Adewale Adeyemo as deputy NSA
U S President Barack Obama has appointed a Nigerian, Adewale ‘Wally’ Adeyemo who served in top roles at the Treasury Department to succeed Caroline Atkinson as his deputy national security adviser for international economic affairs. Adeyemo, 34, has served in Obama’s administration since 2009. He joined the White House’s National.....
Gambia now an ‘Islamic state’, says president
President Yahya Jammeh has declared the Gambia “an Islamic state”, but stressed that the rights of the Christian minority in the small west African country would be respected and that women would not be held to a dress code. The announcement came as the president addressed supporters in the coastal.....
AU To Generate 50% Of Africa’s GDP From Ocean Resources – Official
The African Union (AU) says it plans generate 50 per cent of the continent’s Gross Domestic Product (GDP) by harnessing its ocean resources in furtherance of its “Agenda 2063”. The AU Coordinator for Agenda 2063, Mr Simon Mabote, stated this in an interview with the News Agency of Nigeria (NAN).....
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.....

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