Number of extremely poor continues to soar in Sub-Sahara Africa

Although globally, extreme poverty has rapidly declined, the number of people living in extreme poverty is, however, on the rise in Sub-Saharan Africa, comprising more than half of the extreme poor in 2015, a new poverty estimates by the World Bank has shown. Forecasts also indicate that by 2030, nearly 9 in 10 extremely poor people will live in Sub-Saharan More...

by Felix OLOYEDE | Published 4 days ago
By Felix OLOYEDE On Wednesday, December 27th, 2017

Controversy over Jerusalem: Is the end here?

RUME OYITSO Since the decision was made a forth night ago to recognize Jeruselem as the capital of Israel, the world especially the Islamic world, has lost its sleep. In countries after countries, demonstrations More...

By Felix OLOYEDE On Monday, December 4th, 2017

OPEC Crude Output Drops to Six-Month Low

Mohammed Barkindo, OPEC Secretary General Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell 80,000 barrels a day to 32.47 More...

By Felix OLOYEDE On Monday, October 23rd, 2017

Weinstein asked me for a massage in his children’s presence – Lupita Nyong’o

Lupita Nyong’o By RUME OYITSO Oscar-winning actor, Lupita Nyong’o, has also accused Harvey Weinstein of sexual harassment, saying she was forced to flee a hotel room when he allegedly tried taking his pants More...

By hallmarknews On Tuesday, December 1st, 2015

China leads as largest investor in Nigeria, other African countries’ infrastructure

State-run development finance is behind 80 percent of infrastructure funding in Nigeria and other African countries with China heading the list of investors, according to a report. Despite steady growth in private More...

By hallmarknews On Monday, September 21st, 2015

‘Afreximbank needs increased capital to remain relevant’

The outgoing president of Afreximbank, Mr Jean-Louis Ekra, on Monday said that the bank needed more capitalisation to remain relevant to African needs. Ekra, who made the observation at a valedictory speech in Cairo, More...

By hallmarknews On Tuesday, September 1st, 2015

AfDB chief Adesina to focus on powering Africa

The African Development Bank (AfDB) will focus in coming years on tackling Africa’s chronic power shortages to try to unlock its economic potential and end its vulnerability to fluctuations in commodity prices, More...

By hallmarknews On Wednesday, August 12th, 2015

IEA sees oil glut persisting in 2016, despite soaring demand

The International Energy Agency (IEA) says it does not see an immediate rebound in low oil prices, despite its growing global demand. The agency in its report on Wednesday said that global oversupply was so great More...

By hallmarknews On Monday, June 29th, 2015

Hong Kong rejects Jetstar bid to start local airline

Hong Kong authorities have rejected an application by Qantas-backed Australian budget carrier Jetstar to set up a local airline, after nearly two years of deliberation. The regulator said the bid did not comply More...