Diversification of economy will boost, stabilise Nigeria’s GNI – S. Korean expert

1 month ago News Agency of Nigeria

By Sarafina ChristopherProf. Hung Park, a South Korean don, on Wednesday urged Nigeria to continue to diversify its economy to boost and stabilise its Gross National Income (GNI) per capita. So the oil industry structure should be changed – diversified – because that is the key to resolving Nigeria’s GNI. Hung said Nigeria’s GNI ranked 23rd among 47 countries in sub-Saharan Africa, and its overall score was above the regional average but below the world average. “Research shows that Nigeria’s economy is growing and I believe that if Nigeria keeps diversifying its economy, it will be ranked 14th and above in its GNI per capita by 2030,” he said. “We commend the South Korean government for reaching out to support our growth in various areas especially in information technology.
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Enugu-East Rally: APC, PDP, others drum support for Mbah

They openly ditched the All Progressives Grand Alliance (APGA), All Progressives Congress (APC), Labour Party (LP) and other minority political parties. He recalled that Mbah had been enjoying massive endorsements, acceptance and support from different sections of the state, including traditional rulers and elder statesmen, which lent credence to the rally. Emmanuel Edeh, Mr Ofor Chukwuegbo, and Mrs. Rita Mbah, respectively, disclosed their support for Mbah. Addressing the people on behalf of the APC card-carrying members at the rally, a former state chairman of the party and member of the APC Presidential Campaign Council, PCC, Dr. Ben Nwoye, disclosed that they resolved to support Mbah. He said they had studied the contents of the manifesto of the PDP gubernatorial flag-bearer and found it exceptional for the development of the state.

2 months ago News Agency of Nigeria

Russian court upholds U.S basketball star Griner’s 9-year sentence – Voice of Nigeria

A Russian court has upheld the nine-year sentence of U.S. WNBA basketball star Brittney Griner for possessing and smuggling vape cartridges containing cannabis oil. “We’re in constant contact with Russian authorities to get Brittney and others out. Griner and her lawyers had asked for acquittal or at least a reduction in her sentence, which they said was disproportionate to the offense and at odds with Russian judicial practice. “The severity and cruelty of the sentence applied to Griner shock people around the world,” Boykov said. Griner, a two-time Olympic gold medallist, was arrested on February 17 at a Moscow airport, a week before Russia sent troops into Ukraine.

5 months ago Voice of Nigeria

NEPZA, SEC to list free trade zones on capital market

Plans are underway to begin the listing of Free Trade Zones and zones’ enterprises on the Nigeria Capital Market. The Nigeria Export Processing Zones Authority (NEPZA); Nigeria Economic Zones Association (NEZA) and the Security and Exchange Commission (SEC) as well as the Lagos Free Zone (LFZ) are the key establishments involved in this innovation. We are, therefore, about to unleash immeasurable wealth, technology and prosperity into the country’s stock market. It is our desire to convert the country’s business space into a free trade zone as obtained in Dubai. A Good CauseMr Dinesh Rathi, Managing Director of the Lagos Free Zone (LFZ), said that it was gratifying that the Lagos Free Zone was among the team championing this good course, adding that the move would allow shares of the Lagos Free Zone, Lekki Deep-Sea Port and the 24 enterprises under zone’s supervision available to the public in the future.

1 month ago Voice of Nigeria

Democrats Turn to Obama for Midterm Miracle – Voice of Nigeria

All four states are home to ‘competitive Senate races’ where Republican candidates appear to be gaining momentum. His predecessors, Republican Donald Trump and Obama, both had held more than a dozen large rallies at this point in their second year in office. “President Obama remains able to unite base Democrats, persuadable voters, and to motivate demographics less likely to turn out in midterm elections like young people,” said Ben LaBolt, who served as spokesman for the first Black president’s successful 2012 re-election campaign. Obama earlier this week posted a video on social media encouraging young Americans to vote, highlighting issues such as abortion rights and gun control. “African-American voters are going to be crucial to Democrats’ chances,” Gillespie said.

5 months ago Voice of Nigeria

Human rights criticises Iran's death sentences on protesters – Voice of Nigeria

The Islamic Republic of Iran, having records of increasing death sentences on protesters being high-ranked world’s top executioners, has received criticism from human rights activists saying the regime has taken capital punishment to a new level. Human rights activists warn there’s a high risk that many of them stand to join the list of persons to be executed by the Islamic Republic. Last weekend, Iran executed two more protesters charged with killing security personnel, causing an international outcry. On Tuesday, United Nations human rights chief Volker Türk accused Iran of weaponising criminal procedures, saying it amounts to state-sanctioned killing. Activist groups HRANA and Iran Human Rights said that 481 protesters had been killed.

2 months ago Voice of Nigeria

Sudan protester killed in coup anniversary crackdown

(Photo by AFP)(AFP) - A protester was killed in Sudan Tuesday, medics said, as pro-democracy demonstrators marked the first anniversary of a coup that derailed a transition to civilian rule. Security forces responded with tear gas in some areas. - Security forces deployed -The authorities in Khartoum ordered all public institutions, schools, and businesses shut Tuesday, as security forces blocked roads and bridges. On Sunday, security forces shot dead a protester, pro-democracy medics said. Western governments say Sudan must return to civilian rule before crucial aid halted in response to the coup can resume.

5 months ago Seychelles News Agency

US President Joe Biden Signs Bill to Avoid December Rail Strike

The move halts a strike that was anticipated to start on December 9, as railroad workers push for better working conditions. But four of the 12 rail unions needed to approve the deal instead rejected it, with some pushing for a strike. This led to an outcry among rail unions, who felt their ability to negotiate was being curtailed. On Wednesday, the US House of Representatives voted 290 to 137 to impose the rail deal on unions and companies. That sent the deal to the Senate, which likewise passed the rail deal 80 to 15.

3 months ago Tasnim News Agency

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