Pope Francis Appears in St. Peter’s Square After Pneumonia Recovery

Pope Francis made a surprise appearance on Sunday, greeting worshippers in St. Peter’s Square just two weeks after being discharged from hospital for a severe bout of pneumonia. The 88-year-old pontiff, visibly frail and attached to nasal breathing tubes, was seen smiling and waving as he was wheeled through the crowd following a Mass dedicated…

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Obaseki’s energy reforms: Edo residents count gains, as Ossiomo Power battles BEDC for market share

The electricity market in Edo State is taking a turn for the better as increased competition among players has created options for reliable power supply to residents, who credit the Edo State Governor, Mr. Godwin Obaseki, for opening up the state for investment that has now improved their living standards. Checks in the Benin metropolis…

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Leadership and Firstbank’s Successful Transitioning To ‘Click’ Banking

In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep rise in the valuation of the financial institution deviates remarkably from the average…

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Wike faults revenue sharing formula, demands increased allocation to states

Rivers state Governor, Nyesom Wike, has urged the  Revenue Mobilisation Allocation and Fiscal Commission  to reduce revenue accruable to the Federal Government from the federation account to 40 per cent, and increase those of states and local government councils to 40 and 20 per cent respectively. The governor said the current revenue sharing formula that…

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Thousands Protest in Bangkok Over PM’s Leadership

Thousands of anti-government demonstrators took to the streets of Bangkok on Saturday, calling for the resignation of Prime Minister Paetongtarn Shinawatra following a leaked diplomatic phone call that has fueled public outrage and shaken her already fragile administration. The call, originally intended to ease tensions with Cambodia, was leaked by a senior Cambodian official. In…

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Instagram pauses plans to develop app for kids under 13

Development plans for Instagram Kids are on hold for now, the photo-sharing app’s chief announced on Monday, after The Wall Street Journal reported in a series of investigative articles that Facebook is aware that Instagram is harmful to the mental health of teenage girls. “While we stand by the need to develop this experience, we’ve…

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Adedeji: Despite $472.62bn GDP, Nigeria Yet to Record Commensurate Tax Inflows

The Chairman, Federal Inland Revenue Service (FIRS)/Joint Tax board (JTB), Dr. Zacch Adedeji, yesterday, said the country was yet to take full advantage of its growth potential despite being Africa’s biggest economy with a GDP size of $472.62 billion. He said the growth and population advantage of about 220 million had not translated to a…

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World Bank affirms 3.3 per cent economic growth forecast for Nigeria

•Downgrades forecast for 2025 economic growth The World Bank on Tuesday affirmed its 3.3 per cent economic growth forecast for Nigeria in 2024, saying the nation’s economy was mildly buoyant in the early part of the year despite macroeconomic adjustments. However, the World Bank downgraded its forecast for Nigeria’s economic growth in 2025 to 3.5…

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Biden to Announce Historic World Bank Fund Pledge at G20 Summit

Outgoing U.S. President Joe Biden is set to unveil a “historic” pledge for a World Bank fund supporting the world’s poorest nations, the White House announced Monday. The announcement will come as Biden attends the G20 summit in Rio de Janeiro, marking his final appearance at the global forum before President-elect Donald Trump assumes office…

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