MORE NIGERIANS EXPECTED TO FALL INTO POVERTY BY 2027 – WORLD BANK. (PHOTO).

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 More Nigerians expected to fall into poverty by 2027 – World Bank Despite Nigeria’s resources-rich status, more of the county’s citizens are expected to sink into poverty by 2027, the World Bank Group has said. This is contained in the World Bank’s Africa Pulse report released at the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC, the United States. The report noted that sub-Saharan Africa has the highest extreme poverty rate globally, with a large share of the poor concentrated in a few countries. According to the Bretton Woods institution, about 80 percent of the world’s estimated 695 million extreme poor resided in the region in 2024, compared to 8 percent in South Asia, 2 percent in East Asia and the Pacific, 5 percent in the Middle East and North Africa, and 3 percent in Latin America and the Caribbean. “Within Sub-Saharan Africa, half of the 560 million extreme poor in 2024 resided in four countries,” the report highlight...
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PIRATES IN SOMALIA FREE BANGLADESHI SHIP. (PHOTO).

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 Pirates in Somalia free Bangladeshi ship



Pirates in Somalia have received ransom and released a Bangladeshi ship that they seized in March 2024.


Somali pirates freed a Bangladesh-flagged cargo vessel and its 23 crew early on Sunday after the ship owners paid a ransom, the company said.


The MV Abdullah was carrying more than 55,000 tonnes of coal from Maputo to the United Arab Emirates when it was seized by dozens of pirates around 550 nautical miles (1,000 kilometres) off the Somali coast a month ago.


The seizure came amid a surge in Somali pirate activity, with international naval forces diverted from the Gulf of Aden into the Red Sea to guard against attacks on shipping by Yemen's Iran-backed Houthi rebels.


The MV Abdullah's owners, KSRM Group, negotiated with the bulk carrier's captors and the vessel sailed for Dubai early on Sunday Bangladeshi time, a spokesperson said.

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