Day: June 12, 2017

Beijing’s first driverless subway line started test runs on Monday, preparing to start service by the end of this year. The Yanfang line will serve the southwestern suburb Fangshan and be the first domestically developed automated subway on the mainland, according to First Engineering Co. Ltd. of China Railway Electrification Bureau Group. The maximum speed […]

Nigeria’s Debt Management Office (DMO) will on June 13 commence a ten-day roadshow in the United States, UK and Switzerland, for the country’s first diaspora bond of 300 million dollars. The debt office has filed a registration statement for the bonds with the U.S. Securities and Exchange Commission. The DMO said an application would be […]

The Organisation for Economic Co-operation and Development (OECD) and the African Development Bank (AfDB) expect economic growth in Africa to pick up this year and next. Presenting their latest forecasts at the sidelines of a G20 Africa summit in Berlin, both organisations forecast gross domestic product (GDP) to expand by 3.4 percent this year after […]

Nigerian troops of 3 Battalion, 22 Brigade of the Nigerian Army on counter-terrorism duty with Operation Lafiya Dole, on Sunday,  rescued nine children undergoing training at a Boko Haram camp in Jarawa, Kala Balge Local Government Area of Borno State. The troops also neutralized a large number of Boko Haram insurgents, including Abu Nazir, the sect’s […]

The Commissioner for Establishments, Training and Pensions, Lagos State, Dr.Akintola Oke, has said that the state government has paid N28bn to retirees in 22 months. He said this during the 12th retirement benefits documentation seminar organised by the Lagos State Pension Commission for employees who are due to retire from the state public service between […]

Three women and four children were burnt to death in a tanker fire on Sunday in Abuja when a  tanker, laden with diesel, was said to have suffered a break failure and rammed into another vehicle, resulting in a  huge inferno. Those killed were among the 11 occupants of the vehicle that was hit by […]

Lewis Hamilton says equalling boyhood hero Ayrton Senna’s record of 65 pole positions remained the highlight of the weekend despite his impressive start-to-finish victory in Canada. “After 10 year we get this win, after my first win 10 years ago,” he said in a video posted on Instagram. “It was a special day. Equalling Ayrton […]

s he sat in front of a TV to watch last year’s French Open final, sidelined by an injured left wrist, Rafael Nadal had no way to know for sure that he would return to the height of his powers. For the second time in a row, the most important match at the most important […]

Former African champions Nigeria, Ivory Coast and Zambia all lost at home on Saturday on a day of upsets in the first qualifying round for the 2019 Africa Cup of Nations (Afcon). Three-time champions Nigeria lost a competitive game against South Africa for the first time when they fell 2-0 in the southern Nigerian town […]

The presidency has described as untrue speculations making the rounds that the delay in the 2017 budget’s signing was a deliberate ploy to keep the budget unsigned till President Muhammadu Buhari returns from his trip to the United Kingdom where he is undergoing medical treatment for an undisclosed ailment. A source in the presidency who […]

The naira has recorded further gain, closing at 365 per United States dollar. The local currency closed at 367/dollar on Friday, after closing between 367/dollar and 368/dollar for most days of last week. The local unit had closed at 371/dollar the previous week, after rising to 374/dollar from 382/dollar. Currency analysts have said they expect […]

The Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, has denied online reports claiming that the Department of State Security Service (DSS) allegedly found the sum of $9million in his home. In a statement issued yesterday by the Senior Special Assistant (Media) to the CJN, Mr. Awassam Bassey, Onnoghen described the report as infantile lies, […]

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