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In a matter of hours, Nigeria will finally switch over from analogue to digital broadcasting platform. The grand breaking ceremony which is currently holding in Jos as at the time of filing this report in the Plateau State capital, will be performed by the minister of Information and Culture, Alh. Lai Mohammed. The event will be the pilot scheme, which is expected to take move from one city to city across the country, terminating in June, 2017. The launch...

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2016 Budget Implementation will Start In Few Days – Osinbajo

The Federal Government has re-assured Nigerians that the 2016 budget is expected to go into full operations in the next few days. This assurance was given by Vice President Yemi Osinbajo who was a guest speaker at the 12th edition of ‘The Platform’, an annual national discourse put together by Covenant Christian Centre, at the Federal Capital Territory Abuja. He said: “We expect that the...

Africa’s Biggest Economy downgraded by Moody’s to B1 from Ba3

Nigeria and Gabon were cut due to “the prospect of lower-for-longer oil prices” The credit ratings of Nigeria and Angola, Africa’s two biggest oil producers, were among four countries downgraded by Moody’s Investors Service, citing the negative impact depressed oil prices have had on these...

Nigeria begins preparation of 2017 Budget

The Ministry of Budget and National Planning, has said that it has started preparation of the 2017 budget to enhance economic development. This is contained in a statement by Charles Dafe, Director of Information in the ministry, made available to the News Agency of...

Nigeria’s forex reserves fall 2.68 percent to $27.14 bln in April: cenbank data

Nigeria’s foreign exchange reserves fell by 2.68 percent to $27.14 billion as of April 27 from a month ago, when they were 27.87 billion, central bank data showed on Friday. The reserves declined by 5.55 percent from $29.51 billion a year ago. A plunge in oil...

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Gene therapy offers hope of blindness cure

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A genetic therapy has improved the vision of patients who would otherwise have gone blind. A clinical study by British scientists has shown that the improvement is long-lasting and so the therapy is suitable...

by Halimatu Muhammadu

Ginger gene helps you to look two years younger

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Ginger people have long been the butt of unfair jokes, but a new study suggests that when it comes to ageing gracefully, they may be having the last laugh. Scientists in The Netherlands have discovered that a gene which keeps people looking young for their age is the same that produces red hair and fair skin. Researchers at Erasmus University in Rotterdam...

Early Retirement May Lead To Dying Early, Study Says

If you are 65 years old and plan to retire, working for a few more years may actually help you live longer, a new study suggests. A team of researchers from Oregon State University has found that retiring early may increase the chances...

Spanking damages Kids’ mental health

Children who are spanked are more likely to defy their parents, behave anti-socially and experience increased aggression and mental health problems. Those are the findings of a new meta-analysis of 50 years of research on spanking carried...

Nigeria has 71% Malaria prevalence, says FCT Health Secretariat

Available Statistics shows average Malaria prevalence of 71 per cent in the country and about 66 per cent in the FCT, according to the Acting Secretary of the FCT Health and Human Services Secretariat, Alice Odey-Chu. Odey-Chu said this...

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Ezekwesili blasts Buhari, Your economic policies are outdated

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Oby Ezekwesili, former minister of education, says the economic policies of the President Muhammadu Buhari-led federal government are “archaic”, comparing them to the ones he used as a military head...

Rights Activists Blast Igbo Politicians Over Herdsmen Killings

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Human rights activists in Anambra state have slammed political leaders of Igbo extraction for allegedly not rising up to the occasion following the killing of over 40 people in Nimbo community in Enugu...

Northern Governors to review region’s critical problems of kidnapping, cattle rustling, others

The Northern State Governors’ Forum has expressed its determination to deliberate on report of the committees set up by the forum with specific terms of reference and mandate to undertake insightful...

Governors Seek Review Revenue Sharing Formula

The Nigeria Governors Forum on Thursday asked the Federal Government to review the revenue sharing formula. The governors insisted that what comes to them should be increased, stressing that states were...

W. Africa Crude-Market quiet as some buyers push for lower diffs

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* Spot trading slowed as some buyers pressed for lower differentials for Angola’s crude. * Nigerian spot trading was expected to pick up over the coming week now that Indian tenders had been awarded. *...

Oil prices hit new 2016 highs despite lingering excess

A pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California January 18, 2015. REUTERS/Lucy Nicholson

* Weakening dollar, falling U.S. output lift market * Venezuela output to fall, state may face default -analysts * Saudi output could hit 10.5 million bpd this summer * Tankers with unsold oil slow to...

W. Africa Crude-Spot deals quicken amid lull in tender action

* Spot trading picked up after Indian refiners awarded their pending tenders. * Demand for Angolan oil was firm, and Sonangol sold its June-loading Dalia cargo. * Interest in Angola’s oil was higher...

OPEC losing force on oil market control

The Organisation of Petroleum Exporting Countries (OPEC) is gradually losing its force and control on the oil market. The collapse of oil producers meeting in Doha, Qatar was a worrisome signal because...