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Daily Archives: October 25, 2011

Another Global Economic Recession Looms, Says Expert

Another Global Economic Recession Looms, Says Expert

A Senior Economist and Professor of Economics at Stern School of Business, Prof. Nouriel Roubini, on Tuesday said developed economies may likely witness a devastating economic recession in the next few years unless the challenges in Euro zone are addressed. He said this at the Commonwealth Business Forum in Perth today. He said there were potential positive and negative impacts ...

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Nigeria-US Trade Hits $34bn —Largest Trading Partner In Sub-Saharan Africa

Nigeria-US Trade Hits $34bn —Largest Trading Partner In Sub-Saharan Africa

The State Department on Monday stated that Nigeria-United States’ two-way trade volumes in 2010 hit 34 billion dollars, representing a 51 per cent increase over that of 2009, which remains the United States’ largest trading partner in sub-Saharan Africa. The latest background notes on Nigeria stated that the increase in trade was largely due to the recovery in the international ...

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China Grants South Sudan $31.5m For Development Projects

China Grants South Sudan $31.5m For Development Projects

The Chinese government on Monday provided a grant of 200 million Yuan (about 31.5 million US dollars) to South Sudan for development projects in the country. This was announced in Juba after a meeting between the South Sudanese minister of Information and Broadcasting, Barnaba Marial Benjamin and the Chinese Ambassador to Juba, Li Zhiguo. Ambassador Zhiguo said the grant is ...

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Nigeria: Senate Supports Removal Of Sex Workers From Abuja Streets

Nigeria: Senate Supports Removal Of Sex Workers From Abuja Streets

The Senate has commended the Federal Capital Territory Administration, FCTA, in its sustained efforts to clear Abuja streets of commercial sex workers and beggars. Senate committee on the FCTA yesterday said the step had helped in addressing some of the security challenges in the city. The chairman of the committee, Mr. Smart Adeyemi, said Abuja must remain a model to ...

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Refugees Fleeing Sudan Fighting Pour Into Ethiopia

Refugees Fleeing Sudan Fighting Pour Into Ethiopia

The two holes where the bullets entered Sudanese refugee Abseta Afalla’s calf are still raw, a grim reminder from the boiling civil war in Sudan’s Blue Nile state he fled from. It still pains him to walk on his wounded leg, so he spends most of his days lying in his tent in this refugee camp in Ethiopia, close enough ...

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