Nigeria Secures BRICS Partnership Status, Eyes Full Membership

NewsNigeriaWorld NewsNigeria Secures BRICS Partnership Status, Eyes Full Membership

By Ezinwanne Onwuka (Senior Reporter)October 24, 2024

Nigeria has been officially added as a partner nation in the BRICS alliance, alongside 12 other countries. The announcement was made during the 2024 BRICS summit, held from 22 to 24 October in Kazan, Russia. A post from the bloc on X on Thursday confirmed the development, stating, “13 new nations have been accepted as official partner countries and will be part of BRICS initiatives.” The new partners are Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan,...

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Nigeria Needs Consistent Policy To Attract FDIs – JP Morgan CEO

BusinessNewsNigeriaNigeria Needs Consistent Policy To Attract FDIs – JP Morgan CEO

Uzoamaka Ikezue (Staff Reporter)October 17, 2024

The Chairman and Chief Executive Officer of JP Morgan, Mr. Jamie Dimon, has counseled Nigeria and other countries, seeking Foreign Direct Investments (FDIs) to ensure consistency in their regulatory framework and policies. Dimon who stated this on Wednesday at the 30th Nigerian Economic Summit (NES#30) in Abuja, noted that to attract investments requires consistent laws, regulations, rules, legislation, and legal environments, to woo foreign investors. Dimon stated that when these are in place, investors would...

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Three Scientists Win Nobel Prize for Pioneering AI in Protein Research

EducationNewsNigeriaThree Scientists Win Nobel Prize for Pioneering AI in Protein Research

Uzoamaka Ikezue (Staff Reporter)October 9, 2024

The Nobel Prize in Chemistry has been awarded to three scientists for their groundbreaking discoveries in the field of advanced technology, particularly artificial intelligence, AI, in predicting protein structures and creating new ones. The award was announced on Wednesday, recognising Demis Hassabis and John Jumper from Google DeepMind, alongside David Baker from the University of Washington. Hassabis and Jumper were honoured for their use of artificial intelligence to predict the structure of millions of proteins,...

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Okonjo-Iweala Seeks Second Term as WTO Director-General

NewsNigeriaWorld NewsOkonjo-Iweala Seeks Second Term as WTO Director-General

By Ezinwanne Onwuka (Senior Reporter)September 17, 2024

The Director-General of the World Trade Organisation, WTO, Ngozi Okonjo-Iweala, has announced her intention to seek another four-year term. Okonjo-Iweala, who made history as the first woman and African to lead the global trade body in 2021, aims to complete ‘unfinished business’ from her first mandate. “I would like to be part of this chapter of the WTO story and I stand ready to compete for the position,” Okonjo-Iweala told Reuters on Monday. She confirmed...

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Russia Ready For Talks With Ukraine- Putin

NewsWorld NewsRussia Ready For Talks With Ukraine- Putin

Hassan Umar Shallpella (Regional Correspondent)September 5, 2024

As Ukraine’s offensive into the Kursk region was ongoing, Russian President Vladimir Putin Thursday has backslide that he was ready for talks with Kyiv, after rejecting the idea of negotiations previously. In early August, Ukraine launched a surprise incursion into the southwestern Kursk region seizing dozens of towns and villages as well as sending thousands of troops across the border. The development had angered Putin who said there could be no talk of negotiations with Kyiv. But, speaking at...

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Nigeria and China Strengthen Ties with Trade and Security Deals

NewsNigeriaPoliticsNigeria and China Strengthen Ties with Trade and Security Deals

By Ezinwanne Onwuka (Senior Reporter)September 5, 2024

In a significant diplomatic development, Nigeria and China have deepened their bilateral relations by agreeing to a Comprehensive Strategic Partnership. The partnership aims to enhance cooperation in trade, financial intelligence against money laundering and terrorist financing, and infrastructure development. A joint statement issued by both governments outlined their commitment to encourage “flexible and diverse regional monetary and financial cooperation such as local currency swaps, to facilitate trade between the two countries and make contributions to...

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Switzerland Reopens Iraqi Embassy After 33 Years

NewsPoliticsWorld NewsSwitzerland Reopens Iraqi Embassy After 33 Years

Hassan Umar Shallpella (Regional Correspondent)September 4, 2024

After 33 years of closure by its previous representation in the country due to the 1991 Gulf War, Switzerland’s government has reopened its embassy in the Iraqi capital, Baghdad. According to a statement on Tuesday by the Swiss Foreign Ministry, the reopening of the embassy followed the security situation after years of conflict that it is now safe to have a presence in Iraq again. “Iraq is playing an increasingly important role as a bridge-builder...

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Hamas Political Leader, Ismail Haniyeh, Killed By Israel In Iran

NewsWorld NewsHamas Political Leader, Ismail Haniyeh, Killed By Israel In Iran

Uzoamaka Ikezue (Staff Reporter)July 31, 2024

Ismail Haniyeh, Hamas political leader, was killed in the Iranian capital Tehran, according to Iran’s Revolutionary Guards Corps and Hamas on Wednesday. There are speculations that his killing has marked a significant blow to the militant group, eliminating a key figure who headed its political operations while living overseas. In a press statement, Hamas accused Israel of targeting Haniyeh in a “raid” on his residence in Tehran, following his participation in the inauguration of the...

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Meta deletes 63,000 Facebook accounts of ‘Yahoo Boys’

BusinessNewsNigeriaMeta deletes 63,000 Facebook accounts of ‘Yahoo Boys’

Hassan Umar Shallpella (Regional Correspondent)July 25, 2024

The US-based firm ‘Meta’ has removed 63,000 ‘Yahoo Boys’ Facebook accounts belonging to Nigerians suspected to be engaging in financial sextortion. ‘Yahoo Boys’ is a term for describing Internet scams in Nigeria. The firm in a statement on Wednesday, titled, Combating Financial Sextortion Scams From Nigeria’, said the removal of the 63,000 is a punitive measure against criminal activities. “We’ve banned Yahoo Boys under Meta’s Dangerous Organizations and Individuals Policy, one of our strictest policies...

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Okonjo-Iweala Gets Support of 58 Countries for Second Term As WTO DG 

BusinessNewsWorld NewsOkonjo-Iweala Gets Support of 58 Countries for Second Term As WTO DG 

By Ezinwanne Onwuka (Senior Reporter)July 24, 2024

The World Trade Organisation, WTO, has announced that 58 member countries have endorsed a proposal by the African Group for Ngozi Okonjo-Iweala to run for a second four-year term as director-general. According to a statement by the Geneva-based organisation, the countries expressed their support during the general council meeting on Monday. The African Group had proposed that Okonjo-Iweala, who is due to complete her first term at the end of August 2025, make herself available...

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