OUR NEWS

November 13, 2019

Facebook has joined the growing throng of companies offering a payment service, with the launch of Facebook Pay this week.

Facebook Pay will begin rolling out on Facebook and Messenger this week in the US for fundraisers, in-game purchases, event tickets, person-to-person payments on Messenger and purchases from select Pages and businesses on Facebook Marketplace.

Over time, the company plans to bring Facebook Pay to more people and p...

November 13, 2019

With new gas discoveries within Nigeria and other African countries, the United States has stated that the Africa is projected to be the prime market for the surplus of gas that the U.S. shale is driving.
  
According to the U.S. Assistant Secretary for Fossil Energy, Steven Winberg, during the just-concluded Africa Oil Week, African countries have the potential to increase gas supply to the world.
  
The strategy, to him,...

November 13, 2019

This week the European Commission gave approval to a Ebola vaccine — an act that the World Health Organization calls landmark moment for global health and a likely game-changer in the battle against this deadly disease.

This is the first time an Ebola vaccine has been licensed anywhere in the world.  The next step, prequalification by the World Health Organization, is expected within days.

Prequalification means WHO is satisfied with...

November 13, 2019

Elon Musk chose Germany ahead of the U.K. for his first European Tesla factory because Brexit made it "too risky."

The billionaire announced Tuesday that he was opening a Tesla research and development base in Berlin, saying at an awards ceremony: "Everyone knows that German engineering is outstanding and that's part of the reason we are locating our gigafactory Europe in Germany."


After the announcement, Musk told Auto Express that...

November 13, 2019

Germany could still decide to rule out Chinese telecom equipment vendor Huawei Technologies from the construction of the country's fifth-generation data network (5G) due to security concerns, the defence minister has said.

Annegret Kramp-Karrenbauer told a cyber security conference on Tuesday that it was important to minimise any risks.


The German government is currently trying to shape the 5G security criteria in a way that would pr...

November 11, 2019

The European Union should halt funding of oil, gas and coal projects, EU finance ministers said, potentially cutting €2bn (£1.7bn) of yearly investments.

The finance ministers called upon the European Investment Bank (EIB), the EU's financing department, to cut its funding.

Previously, they had only called for coal projects to be dropped.

Since 2013, the EIB has funded €13.4bn of fossil fuel projects.

Last year it funded about €2bn wort...

November 11, 2019

A new oil field that would increase Iran's proven reserves by about a third has been discovered, President Hassan Rouhani has said.

The field, in the south-western province of Khuzestan and about 2,400 sq km (926 sq miles) in area, contains 53 billion barrels of crude, he said.

Iran has been struggling to sell oil abroad because of tough US sanctions.

They were imposed after the US pulled out of a nuclear deal with world powers last ye...

November 11, 2019

British Steel is set to announce a rescue deal with China's Jingye Group, which could safeguard up to 4,000 jobs in the UK.

Jingye Group has agreed in principle to buy British Steel for £70m.

It is understood that the government will help in the form of loan guarantees and other financial support.

British Steel has been kept running by the government since May when the company went into liquidation.

As well as employing 4,000 people at...

November 11, 2019

Francophone nations in West Africa want more control over the management of their currency and plan to move some reserves from France, said Beninese President Patrice Talon.

The eight-member nations of the West African Monetary Union “unanimously agree” on ending a decade-old model whereby their foreign-exchange accumulation is kept at the French Treasury, Talon said in an interview with Radio France Internationale. Their currency, t...

November 11, 2019

Gov. Atiku Bagudu of Kebbi on Sunday commended Dangote Group for setting up a rice mill in the state, saying it would create employment and boost the economy.

Bagudu who visited the factory site at Saminaka in Shanga Local Government Area of the state, said the investment would also rack up the rice value chain and add value to local farmers, Igbere TV reports.

The governor’s visit was announced in a statement on Sunday in Birnin Kebb...

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