Governor Ayodele Fayose of Ekiti State, has raised the alarm that those who disrupted the All Progressive Congress, APC, primary are allegedly planning, in connivance with some elements in APC, to replicate same action in May 8 primary of the Peoples Democratic Party, PDP.
Updated 1 Year ago

The National Agency for Drug Administration and Control (NAFDAC) in Monday in Enugu raised the alarm over the influx of fake, adulterated and sub-standard malaria drugs in open markets across the country, vowing however not to rest on its oars until the nation was completely rid of such products.
Updated 3 Years ago

Nigeria has raised alarm over decline in global crude oil prices, but said measures have been put in place to cushion the effect of the dip on the country’s economy. “Nigeria has two to three months of rainy day savings to cushion it while contingencies are put in place should world oil prices continue to fall,” Ngozi Okonjo-Iweala, the country’s Finance Minister told Financial Times.
Updated 5 Years ago

While many may continue to chant choruses of Nigeria’s beaming economic prowess and the single, most preached gospel that Nigeria now holds Africa’s largest economy, international oil activities are placing reality checks on the country’s dwindling grip on its economic future. It is no longer news that the country largely depends on oil for much of its revenue. Over 80 percent of its expenditure – capital and reccurent combined – is funded by oil. But a more alarming discovery is that the global oil price plummet is fast approaching the country’s oil benchmark – a figure used to calculate it’s annual budget.
Updated 5 Years ago

Zimbabwe industries body, Confederation of Zimbabwe Industries (CZI) says due to the southern African country’s economic collapse, companies closure has reached alarming levels. This is contained in its latest report called the 2014 State of the Manufacturing Sector Survey.
Updated 5 Years ago

Saudi Arabia’s state finances could fall into the red next year and the country could start running down its huge foreign reserves if it does not rein in the growth of government spending, the International Monetary Fund said. The IMF has been urging the world’s top oil exporter to moderate its rapid spending growth for years – warnings which have been publicly dismissed by Saudi officials as alarmist.
Updated 5 Years ago

The first six months of 2014 were not easy for a slowing Chinese economy. For China's steel companies, times were even harder. Over half of the listed Chinese steel companies saw their debts approach alarming levels in the January-June period, with steelmakers filing their half-year results to stock exchanges by the end of August.
Updated 5 Years ago

Imagine this: You are gently roused from sleep by your smart wristband’s vibrating alarm, perfectly timed to ensure you feel the most alert and refreshed. And just before you open your eyes to greet the day, you see your entire schedule in a calendar illuminated on your contact lenses. As you get out of bed and walk to the bathroom, your lab-at-home already knows you weigh 0.2 pounds less this morning than you did 24 hours ago, that your blood analytes indicate you should have skipped last night’s hamburgers and had something healthier instead and that given your levels of serotonin today, you will probably be slightly irritated for the greater part of the a.m. (so try to avoid that annoying colleague today).
Updated 5 Years ago

With over 90 percent of deposit money banks (DMBs) have complied with installation of anti-skimming device on their automated teller machines (ATMs), then there is no cause for alarm for users over fraud cases. Although the deadline given to banks to install the anti-skimming devices on all their ATM terminals by the Central Bank of Nigeria (CBN) ended June 1, 2014, a follow up on the level of compliance shows that over 90 percent the DMBs have complied.
Updated 5 Years ago

The company says the XMM 6255, with an area of about 300 sq mm, is the world's smallest modem. The standalone chip could be used in wearable tech, as well as security devices such as "smart" smoke alarms.
Updated 5 Years ago