Leading Climate Activist, Nnimmo Bassey has faulted proposal and arguments advanced in support of a Debt-For-Climate (DFC) swap deal as solution to Nigeria’s debt crisis. The New Diplomat recalls that Vice-President Yemi Osinbajo while delivering a lecture at the Center for Global Development in Washington D.C, United States (U.S.) in early September, had said the…
..Bash National Water Bill Sanwo-Olu Reacts To Lagos Water Crisis The Amalgamated Union of Public Corporations Civil Service Technical and Recreational Services Employees (AUPCTRE) and Corporate Accountability and Public Participation Africa (CAPPA), have raised fresh alarm on what they called attempt by some individuals in government to 'stifle' public waterworks in their bid to impose…
The Nigerian Exchange Group Plc (NGX Group) has said it remains committed to the highest level of corporate governance with the overriding interest of maximising value for its shareholders. The NGX Group stated this as it cleared the air on the appointment of its Chairman as well as Managing Director/Chief Executive Officer in its September…
The proposed 5 per cent excise duty on telecommunication services has been suspended by the Federal Government. This was made known by the Minister of Communications and Digital Economy, Isa Pantami, on Monday during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja. The minister asserted that…
Vice President Yemi Osinbajo has proposed a Debt-For-Climate (DFC) swap deal to allow African countries help advance the course of global net-zero emissions targets and facilitate energy access. According to a statement signed by the Vice President’s spokesperson, Laolu Akande, Osinbajo made the proposal during a lecture on a just and equitable energy transition for…
The World Bank Group has stated that the international financial institution is ready to support Nigeria in phasing out regressive fuel subsidies, while increasing social assistance for the poor. The World Bank Group’s President, David Malpass disclosed this in a statement following his meeting with the Vice-President Yemi Osinbajo. Malpass further advised the Vice-President that…
The Nigerian Navy has arrested over 13 crew members and one fishing trawler over illegal fishing in Bayelsa State, South-South Nigeria. The crew members and the trawler, MFV LADY TERESA, were apprehended on August 18, by Naval operatives with the Forward Operating Base in Bayelsa and handed over to the Federal Department of Fisheries and…
United Arab Emirates (UAE) carrier -- Emirates Airline has rescinded its decision to suspend its Nigerian routes' operations from September 1, 2022, following its trapped funds, which is estimated to be around $85 million. The airline said in an email to travel agencies in Nigeria, that it would return to the Nigerian routes: Lagos and…
..Including The Net-zero Emissions Plan Faulted By Climate Activists To Meet US VP, Kamala Harris Vice President Yemi Osinbajo early Wednesday jetted out of Abuja to the United States of America, alongside members of his high-level delegation in pursuit of global partnerships and support for Nigeria’s recently launched Energy Transition Plan. Prof. Osinbajo is leading…