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EconomyNewsWorldWorld Bank Lists Nigeria, Nine Other Countries Among Nations with High Debt Risk

Bada Yusuf Amoo (Correspondent)August 11, 2021

World Bank has listed Nigeria and nine other countries as Nations with high-debt risk exposure. In a financial statement for the International Development Association (IDA) released on Monday, the World Bank pegged Nigeria at number five with an $11.7b IDA debt stock. “As of June 30, 2021, the ten countries with the highest exposures accounted for 66% of IDA’s total exposure,” it explained in the document. “IDA’s largest exposure to a single borrowing country, India,...

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OpinionRegionsWorldReforming human and labor rights in the Gulf Region —the Qatar example

PilotnewsMay 12, 2021

It is believed that Qatar’s novel reforms which began in 2017will ultimately open a fresh vista for more friendly, humane, and better migrant workers’ rights in the Gulf Region. Qatar is one of the seven Arab countries in the Persian Gulf. Others include Bahrain, Kuwait, Iraq, Oman, Saudi Arabia, and the United Arab Emirates (UAE). These nations are also known as the Gulf Cooperation Council(GCC) countries, and a common thread runs through them all: the...

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EssayWorldWorld NewsNgozi Okonjo-Iweala: A Well-Qualified New Leader for the WTO

PilotnewsFebruary 17, 2021

by John Campbell Culled from The Council on Foreign Relations When Robert Azevedo stepped down last year from the post of director general of the World Trade Organization (WTO), the trade body’s top leadership position, former Nigerian Finance Minister Ngozi Okonjo-Iweala quickly became the universal favorite to land the job—except for among members of the Trump administration. Because the WTO operates on the basis of consensus, the Trump administration’s opposition effectively vetoed her in favor of the current South Korean Trade...

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BusinessInvestingNigeriaWorldNigeria is now the world’s second-biggest bitcoin market after the US

PilotnewsDecember 18, 2020

During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the nearly $400,000 raised. It was just one high-profile example of how young Nigerians increasingly use bitcoin to navigate a complicated and restrictive banking and monetary...

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NewsNigeriaPeoplePoliticsWorldAPC-Buhari Regime is leading a “Pull Igbo down strategy” ―Former Gov. Ezeife Charges

PilotnewsSeptember 26, 2020

■ The Igbo man is destined for success and we succeed but we do not manage our successes effectively. ■ The present government of Nigeria is doing so much against the Igbo People, telling that they don’t belong. ■ Pull Igbo down strategy seem to be the present government policy. ■ The Igboman can fix Nigeria using egalitarianism. ■ With Igbo presidency or an Igboman at the top, Nigeria will experience explosive economic growth WAP...

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NewsWorldTwitter Account of India’s PM Modi Hacked

PilotnewsSeptember 3, 2020

The official Twitter account of Indian Prime Minister Narendra Modi’s personal website was hacked early on Thursday, the social media company has confirmed. A series of tweets were sent from the account asking its followers to donate cryptocurrency to the prime minister’s relief fund. Twitter said it was aware of the activity and had taken steps to secure the compromised account. Narendramodi_in is the official Twitter handle for Modi’s personal website. It has more than...

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Foreign PolicyOpinionWorldWeighing in On Hong Kong Security Law Fuss

PilotnewsJune 9, 2020

On May 27, 2020, the National People’s Congress (NPC) of China passed a decision to introduce a new national security law in Hong Kong to safeguard national sovereignty, unity, territorial integrity and the foundation of “one country, two systems”, though it will take effect in September. The security law sparked protests in Hong Kong and is generating global reaction over whether China has the right to legislate such legal framework or whether its move is...

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NewsTechnologyUnited StatesWorldTrump Eyes Mars as U.S. Launches First Human Space flight in 9 years

PilotnewsMay 31, 2020

The U.S. President, Donald Trump, says American astronauts would return to the moon by 2024. Speaking after the successful launched of the country’s first human spaceflight in nine years, Trump said the aim was to “establish a permanent presence in space and a launching pad to Mars’’. “The first woman on the Moon will be an American woman and the first nation to land on Mars will be the United States of America. “Space travel...

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BusinessOil & GasWorldOil Drops as Surprise U.S. Stock Build Douse Demand Recovery Hopes

PilotnewsMay 28, 2020

Oil prices slid for a second consecutive session on Thursday as the U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns. The decline extended losses from Wednesday on uncertainty about Russia’s commitment to deep oil production cuts in the lead-up to a June 9 meeting of the Organisation of the Petroleum Exporting Countries...

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Arts & CultureEntertainmentWorldGlobal Film Festival Aims to Bridge Coronavirus Distances

PilotnewsMay 27, 2020

The Cannes film festival was canceled and the September jamborees in Venice and Toronto are uncertain, but this week movie lovers are being offered a taste of the film festival experience from the comfort of their homes. The 10-day “We Are One: A Global Film Festival,” starting Friday on YouTube, will feature new and classic movies, talks with directors, and music and comedy curated by 21 festivals including those in Berlin, Cannes, Venice, Toronto and...

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