Author: Ifetayo Adeniyi

Global electricity demand rises by 4.3% in 2024 – IEA Global electricity demand rises by 4.3% in 2024 – IEA The International Energy Agency has reported a sharp increase in global electricity demand, which surged by 4.3% in 2024, marking a significant rise from the 2.5% growth recorded in 2023. The newly released Global Energy Review 2025 on Friday attributes this surge to rising electrification across multiple sectors, extreme weather conditions, and growing industrial activity. According to the report, electricity demand growth in 2024 nearly doubled the annual average of the past decade, with China leading the charge. The world’s…

To ease traffic, Lagos’ Independence Bridge opens again – Minister David Umahi To ease traffic, Lagos’ Independence Bridge opens again – Minister The Minister of Works, David Umahi, has reopened the Independence Bridge in Lagos State. Umahi, a former Governor of Ebonyi State, stated this while addressing journalists in Lagos on Friday. The minister stated that permanent work on the bridge will commence in three weeks. He acknowledged the importance of the bridge, which links Victoria Island to other key parts of Lagos, and apologised for the inconvenience caused by the temporary closure. Umahi said the ministry has taken note…

US tariffs will have definite impact on global economy – IMF Kristalina Georgieva US tariffs will have definite impact on global economy – IMF US tariffs will have definite impact on global economy. IMF chief Kristalina Georgieva on Thursday said new US tariffs “clearly represent a significant risk to the global outlook” and urged Washington to work with its trade partners. The statement was the first from the IMF chief after President Donald Trump’s latest worldwide tariff salvo deepened a trade war that many fear will invite global recession and fuel inflation. The tariffs “clearly represent a significant risk to…

NELFUND: 75 Oyo nursing students grateful for loan NELFUND 75 Oyo nursing students grateful for loan. The management of the Oyo State College of Nursing Sciences, Eleyele, on Friday, confirmed that 75 students of the institution had benefitted from the Nigerian Education Loan Fund. The college’s provost, Gbonjubola Owolabi, announced this during a meeting with the management staff, held at the college premises, Eleyele in Ibadan. Owolabi, in a statement on Friday by the state Commissioner for Information and Orientation, Dotun Oyelade in Ibadan, the state capital, said, “This is to inform the college that we received the loan funds…

Olu of Warri Attends Coronation of New Alaafin of Oyo His Majesty Ogiame Atuwatse III Olu of Warri Attends Coronation of New Alaafin of Oyo In a significant display of unity and respect among Nigeria’s traditional institutions, His Majesty Ogiame Atuwatse III, the Olu of Warri, will attend the coronation ceremony of the new Alaafin of Oyo, set to take place on Saturday, April 5, 2025, in Oyo town, Oyo State. The highly anticipated event marks a new chapter in the history of the Oyo Empire, following the passing of the former Alaafin, Oba Lamidi Adeyemi III, in 2022. The…

Transcorp Hotels’ Dividend, Shareholders support N7.57bn Transcorp Hotels’ Dividend, Shareholders support N7.57bn Shareholders of Transcorp Hotels Plc, yesterday, okayed the sum of N7.57 billion as dividend for the 2024 financial year. The board had proposed a final dividend of 64 kobo per share or N6.56 billion for the period under reviews. In addition, an interim dividend of 10 kobo per ordinary share, paid at half-year, brought the full dividend to N7.57 billion or 74 kobo per share. Speaking at the 11th Annual General Meeting (AGM) of Transcorp Hotels Plc, Chairman, Transcorp Hotels, Mr. Emmanuel Nnorom, said the dividend payments reaffirmed…

IMF expresses satisfaction with Nigeria’s Single Window Project, shows readiness to serve IMF expresses satisfaction with Nigeria’s Single Window Project, shows readiness to serve The International Monetary Fund (IMF) has expressed support for Nigeria’s Single Window (NSW) Project, an evolving initiative designed to streamline trade processes, reduce bottlenecks, enhance transparency, and increase government revenue. IMF’s backing for the NSW project was conveyed on Thursday in Abuja by its Technical Assistance Advisor for Revenue Administration 2, Marco Antonio. Antonio led a delegation from the IMF Fiscal Affairs Department to a meeting with the Minister of Finance and Coordinating Minister of the…

To ease gridlock, Sanwo-Olu suggests remote work plan Babajide Sanwo-Olu To ease gridlock, Sanwo-Olu suggests remote work plan. Lagos State Governor, Babajide Sanwo-Olu, has advised business owners across the state to adopt flexible work arrangements to help ease the severe traffic congestion in Victoria Island and Ikoyi. The gridlock, attributed to the closure of the Independence Bridge in Bonny Camp, left many commuters stranded on their way home from work on Wednesday. The closure was due to the ongoing repair work being carried out by the Federal Ministry of Works. A cake maker on the Island, Oluwatosin Akanni, shared her…

JAMB releases 2025 mock UTME notification slip for printing The Joint Admissions and Matriculation Board has announced that the 2025 UTME Mock Notification Slip is now available for printing for candidates who registered for the optional test. JAMB’s Public Communication Adviser, Dr. Fabian Benjamin, said in a statement on Thursday that the slip contains key details such as the examination date, venue, time, and other essential instructions. Candidates can print their slips by visiting [www.jamb.gov.ng](http://www.jamb.gov.ng), clicking on “2025 Mock Slip Printing,” entering their registration number, and selecting “Print Examination Slip.” Benjamin confirmed that the mock examination will take place on…

Global AI market will impact 40% of jobs, expected to hit $4.8trn by 2033 – UN Global AI market will impact 40% of jobs, expected to hit $4.8trn by 2033 – UN The global artificial intelligence market is expected to reach $4.8 trillion — roughly the size of Germany’s economy — by 2033, the UN said Thursday, warning nearly half of jobs worldwide could be affected. While AI is transforming economies and creating vast opportunities, the technology also risks deepening existing inequalities, the UN trade and development agency UNCTAD warned in a report. In particular, the report cautioned that “AI…