By Burhan Yuksekkas and Cagan KocBloomberg Turkey’s central bank kept its benchmark interest rate unchanged for a fourth month on Wednesday, as rising prices and a weakening lira blight the economy’s recovery from pandemic lockdowns. The Monetary Policy Committee held its one-week repo rate at 19% as forecast by all 21 analysts surveyed by Bloomberg. Turkish…
Addressing Climate Change through Tree PlantingBy Martha Agas, News Agency of Nigeria (NAN) Deforestation is a primary contributor to climate change which is widely practiced across Nigeria, exposing the country to global warming and its adverse effects. According to a UNDP report, In Nigeria every year, 13 million hectares of forest are lost while 3.6…
By Ikenna Osuoha Alhaji Isa Kwarra, Executive Chairman, National Population Commission (NPC), has called for a commitment of all stakeholders to prevent population boom as well as Gender Based Violence (GBV). Kwarra made the call at the occasion of the commemoration of 2021 World Population Day (WPD) on Tuesday in Abuja. This year’s WPD has…
By Nathan Nwakamma Shell Petroleum Development Company of Nigeria (SPDC) on Tuesday confirmed an oil leak at its facility in Ekeremor Local Government Area of Bayelsa. Mr Bamidele Odugbesan, its Media Relations Manager, said in a statement the spill, which discharged a yet to be ascertained volume of crude into the environment, occurred on June…
By Rukayat Moisemhe/Florence Onuegbu The Lagos State Government has invested N103 billon into the provision of infrastructure to provide downstream contracts for Micro, Small and Medium Enterprises (MSMEs), Gov Babajide Sanwo-Olu said on Tuesday. The governor made the disclosure during the 6th Edition of the Lagos State MSMEs Exclusive Fair held in Ikeja. The Fair…
By Buchi Onyejiaka Palm kernel nut oil has been used to treat convulsion in children in many rural communities of the Federal Capital Territory (FCT), according to some residents of the communities. The residents told the News Agency of Nigeria (NAN) in separate interviews in Abuja onTuesday that palm kernel oil had been effective in…
Agency Report The Organisation of Petroleum Exporting Countries has described Nigeria as the most admired member country in the global oil market. The Secretary General of the Organisation, Dr. Mohammad Barkindo, disclosed this in his congratulatory message released on Monday to mark the 50th anniversary of Nigeria’s membership of OPEC. “Nigeria is consistently regarded as…
Dangote Cement Plc has acquired 20,000 additional vehicles to enhance the distribution of the company’s cement products in the country. The company’s Spokesman, Tony Chiejine, said in a statement made available to newsmen on Monday in Lokoja that the new vehicles, made up of trucks, trailers and tippers, were acquired at a cost of $150…
By Suttinee Yuvejwattana and Randy Thanthong-KnightBloomberg Thailand risks fueling its decade-high unemployment rate and household debt with the imposition of lockdown-like measures to contain the deadliest Covid outbreak to hit the nation. The greater Bangkok area, accounting for about 50% of Thailand’s gross domestic product, will shutter shopping malls, spas, massage and beauty clinics for at…