Nigeria is today, regarded as the biggest economy in Africa. However, its power sector is performing far below the level of an economy of this magnitude. Over half of the population has no access to grid-connected electricity and those who are connected to the grid suffer extensive power outages.
Updated 2 Years ago

Striving to diversify its oil-dependent economy, Saudi Arabia is turning to innovative and emerging technologies, bringing huge investment to projects developed by one of the world’s richest men, Richard Branson. At the end of last year, Saudi Arabia’s sovereign wealth fund reportedly made financial arrangements to invest over $1 billion in Virgin Group’s space companies.The step is reportedly pending regulatory approval from the United States government. The investment is aimed at boosting the capacity of the oil-rich kingdom to cope with low prices for crude.
Updated 2 Years ago

The first decentralized peer-to-peer payment system, bitcoin, has broken through the $10,000 mark on South Korea’s Bithumb, one of world’s biggest exchanges for cryptocurrencies. The price of bitcoin this year has jumped more than 10-fold. The digital currency is still unrecognized or regarded as an asset by most central banks. It started the year at below $1,000.
Updated 3 Years ago

But for injury to some key Super Eagles players ahead of Nigeria’s last 2018 World Cup qualifier against Algeria and the friendly game against Argentina, Russian-born Nigerian defender, Brian Idowu, would likely not have dreamt about being in Nigeria’s team going to the 2018 World Cup in Russia
Updated 3 Years ago

It turns out that Femi Kuti, son of late Afrobeat legend, Fela Kuti, didn’t set a new world record last Sunday when he held a single note on a saxophone for 46minutes 38seconds. Kuti, an internationally renowned musician in his own right, admitted that the celebrations from his family and fans had been premature, after he mistakenly thought that he had surpassed the previous longest note played by US saxophonist Kenny G.
Updated 3 Years ago

President Trump has compared the state of US infrastructure to that of the third world and said his infrastructure plan is nearly completed which envisages a $1 trillion spend over 10 years.
Updated 3 Years ago

The Philippines is not yet ready for new military alliances, but in the wake of disagreements with the US, will cooperate with “new friends” Russia and China to make the world a more peaceful place.
Updated 4 Years ago

FIFA could be set for more trouble after it was confirmed that Qatari officials have decided to ban alcohol in streets and other public places in the capital, Doha, during the 2022 World Cup
Updated 4 Years ago

According to data released on Thursday by the World Trade Organization in Geneva, a total of 85 new trade-restrictive measures were introduced by G-20 members in the five months to mid October 2016.
Updated 4 Years ago

Alibaba’s Single’s Day, the world’s largest online sales event, came roaring out of the blocks to register $1 billion in sales in its first five minutes on Friday morning China time. Within two hours it had reaped $7.2 billion in sales—already half of the 24-hour sale’s total $14.3 billion haul last year.
Updated 4 Years ago