Media Experts to Judge Pan-African Re/Insurance Journalism Awards 2017

By Adedapo Adesanya President Bola Ahmed Tinubu on Tuesday ordered an investigation after the army acknowledged one of its drones accidentally struck Tudun Biri village as residents were celebrating a Muslim festival. The army did not give any casualty figures, but residents claimed 85 of them, who were mainly women and children, died in the attack, which has sparked public outrage. On its part, Amnesty International’s Nigeria office said 120 people were killed in the attack, citing reports of its workers and volunteers in the area. But the North-West zonal spokesperson of the National Emergency Management Agency (NEMA), Mrs Halima

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Modupe Gbadeyanka The Nigerian Army has claimed responsibility for the killing of some villagers of Tudun Biri in Kaduna in an air strike. Reports earlier went viral that operatives of the Nigerian Air Force bombed the villagers during a Maulud celebration but authorities of the air force debunked the reports, saying its men were never involved in such. However, the Nigerian Army has said it was involved in the bombing, which it said was a mistake because it was going after some terrorists in the area. The Kaduna State government, in a statement issued on Monday by its Overseeing

By Adedapo Adesanya  Oil prices rose on Monday after an attack on the Saudi Arabian oil production plant over the weekend shocked the global market and this could disrupt the global supply of crude for a while. As at yesterday night, Brent crude, the global benchmark was trading at $67.84 barrel, gaining $7.20 or 12.65 percent. As for the US oil futures, the West Texas Intermediate (WTI) Crude, it was gaining over $6 or 12.58 percent to trade at $61.75 per barrel. Earlier on Monday, the WTI Crude rose as high as 14.7 percent to $62.90 per barrel. Likewise, the

The major US index futures are pointing to a higher opening on Friday following the significant weakness seen in the previous session. The upward momentum on Wall Street comes following the release of a report from the Labor Department showing much stronger than expected job growth in the month of June. Following the lackluster performance seen on Wednesday, stocks saw considerable weakness during trading on Thursday. With the drop on the day, the Nasdaq and the S&P 500 fell to their lowest closing levels in over a month. The major averages ended the day firmly in negative territory. The Dow

By Adedapo Adesanya The performance of the unlisted securities market in Nigeria remained bearish on Tuesday as it went down by 0.33 per cent at the close of business. The market suffered the second loss in the week and the first in the last month of the year, no thanks to Niger Delta Exploration and Production (NDEP) Plc, which had a bad day on the NASD Over-the-Counter Securities Exchange. Business Post reports that the NASD Unlisted Security Index (NSI) depreciated by 2.44 points yesterday to close at 729.85 points in contrast to 732.29 points of the previous day, while the

By Adedapo Adesanya A new World Health Organisation (WHO) pandemic assessment has found out that despite an 83 per cent surge in new COVID-19 cases during the past week in Africa, driven by the Delta and the Omicron variants, fewer deaths have been recorded than in the previous surges. It, however, warned that more waves could be building as updated forecasts warn that the continent may not reach 70 per cent vaccine coverage until August 2024. According to the report, Africa recorded more than 196,000 new cases for the week ending December 12, up from around 107,000 in the previous

By Dipo Olowookere The Executive Director, Operations and Information Technology at Access Bank, Mrs Ojinika Olaghere, is resigning from the financial institution. According to information revealed by the lender, Mrs Olaghere is quitting the bank to “pursue other personal interest.” However, her resignation from Access Bank takes effect from June 20, 2018, the lender disclosed in a statement issued on Friday. Access Bank, in the statement signed its Secretary, Mr Sunday Ekwochi, clarified that Mrs Olaghere is not leaving the bank’s board because of any “disagreement.” “The Board of Directors of Access Bank Plc hereby announces the resignation of Mrs

By Adedapo Adesanya The Eko Electricity Distribution Company (EKEDC) said it has commenced the distribution of smart electricity meters to its customers. The scheme was simultaneously launched in Kano, Kaduna, Ikeja and the EKEDC franchise areas. In a statement signed by the General Manager, Corporate Communications, EKEDC, Mr Godwin Idemudia, the Disco kick-started the distribution of its electricity meters at the Surulere axis, one of the areas within its distribution network in Lagos. Mr Idemudia said the National Mass Metering Programme (NMMP) was in fulfilment of the federal government’s and the Discos’ commitments to close the metering gap in the

By Kester Kenn Klomegah China and Africa will always be a community of a shared future. At least, its policy is strategically focused on addressing sustainable development, and China has indeed proved, over the years, in many aspects of dealing with Africa. Results are seen especially with all kinds of infrastructure that have been built these years. And, of course, the appreciable results reflect the level of commitment to the action plans arrived at triannual summits. In its white paper says that China’s approach involves basic principles including upholding a people-oriented approach in pursuing practical cooperation with efficiency. In its

By Adedapo Adesanya Fast-rising digital agency, Red Circle, has announced its latest initiative LEARNR which aims at empowering over 50 teenagers and young adults. In an exclusive interview with the CEO and founder of Red Circle Digital Agency, Mr Emmanuel Dairo, he informed Business Post on the need for today’s youths to be empowered in other to survive in not just this economy but also in our present digital world. He said, “Being a youth is quite hard in Nigeria, and I can testify that the only way to make it in a system like this, is to have something