Global economic losses from drought will surpass current estimates of $8 billion ($11.39 billion) as El Nino continues to strengthen, Impact Forecasting warns.

Ofoeyeno lauded President Buhari’s directive to ministries and parastatals to open a sole account with the Central Bank of Nigeria.

Academic staff in Osun State government-owned tertiary institutions, have warned the state government over its alleged plans to cut their salaries.

NICON Insurance Limited is reportedly selling N20 billion worth of its assets in a move to meet the insurer’s financial obligations and convert into cash assets that are no longer useful to the company.

The acting National Chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus, has allayed fears over the purported plan by the opposition to rig the forthcoming governorship election in Bayelsa State.

No fewer than thirty technology start-ups would showcase their talents at this year’s Demo Africa Forum billed to happen in Lagos Nigeria, providing them with a launch pad to leapfrog into the global market. This is as the National Information Technology Development Agency (NITDA) has also assured that the forum, a pan-African launch-pad for technology start-up companies, will not only leverage the opportunities of the tech start ups, but also become the continent’s rallying ground to arm technology leaders and entrepreneurs with relevant experience and knowledge to operate successfully.

Shell Petroleum Development Company, SPDC, has called for a long term sustainable solution to problems of environmental pollution in Ogoniland.

The Nigerian Council of Registered Insurance Brokers, NCRIB, has called on the Nigerian Civil Aviation Authority, NCAA, to ensure that no airline operator is allowed to operate without adequate insurance cover.

The Caretaker Chairman of Khana Local Government Area, Rivers State, Mr Sunny Bekanwah has described the 100 days of Governor Nyesom Wike in office as laudable.

Nigeria Football Federation technical committee member, Victor Ikpeba, believes the new-look Super Eagles team need a leader in midfield.

There is need for state governments to implement the Contributory Pension Scheme, CPS, in their various states to enable the workers have a good retirement life.

Lawyer and All Progressives Congress, APC, chieftain in Delta State, Jesutega Onokpasa, has called on Nigerians to patiently await President Buhari’s ministerial list and other key appointments “rather than hasten to pass a verdict on the President’s pan-Nigerian credentials or detribalized orientation.”

Former national team goalkeeper, Etta Egbe has told Nigerians not to despair because Super Eagles Could not beat Tanzania, saying that Coach Sunday Oliseh still has room to produce a team not only to qualify the country for the African Cup of Nations in 2017 but also play the competition proper. The Taifa Stars and Eagles played out a goalless draw in Dar es Salaam last weekend in Oliseh’s first outing as handler, forcing eye-brows in some quarters about the country’s chances.

As part of efforts to boost gender equality and women’s economic empowerment in Nigeria, National Centre for Women Development, NCWD, is partnering United Nations and Intel Corporation, to train no fewer than 25 Nigerian women on utilization of digital services and e-services to enhance small scale businesses.

TELECOM market outlook: Let me begin this way: A colleague of mine recently bought a smartphone. On a limited budget, he was able to find an excellent phone with a sharp 5.5inch display, 32 GB storage, and an 8 MP camera, running the latest version of Android for a little over $100. I spent a few minutes looking at the device and marvelling at the fantastic value for money, and it hit me – consumers have never had it better, but telecoms companies have never been under more pressure.