The world needs to spend 94 trillion dollars in global infrastructure by 2040 to eliminate infrastructure deficit, the G20-backed Global Infrastructure Hub (GIH) said on Tuesday.
The GIH said to close the spending gap, annual infrastructure spending needs to rise to 3.5 percent from 3...
Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported.
Reuters said the supply glut is a sign that an expected second-half rebalancing of the global market is getting off to a slow start.
An...
The United Nations has earmarked 7.3 billion dollars to fund 13 peacekeeping missions and a logistics support office, diplomats said.
The 193-member UN budget committee, cut 600 million dollars from current costs and slicing 7.5 per cent off the U.S. bill following calls by President...
Faced with harsh climate change emanating from the drying up of Lake Chad, Nigeria and the world bodies have resolved to take the bull by the horn by recharging the lake with a whopping sum of $15 billion US Dollars.
The huge sum is expected...
