Video of Buhari Offering to Help Ghana Fight ‘Endemic Corruption’

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 Adedapo Adesanya President Bola Tinubu came under immense criticism as Nigeria’s party was the highest from Africa at the ongoing COP28 in Dubai, United Arab Emirates (UAE). According to a list published by the United Nations Framework Convention on Climate Change (UNFCCC), Nigeria is also third-highest overall in number of delegates at the conference. The provisional total for COP28 indicates that 81,027 delegates registered to attend the summit in person, with a further 3,074 attending virtually, this takes the overall total to 84,101. The figure is 30,000 more than those who travelled to Sharm El-Sheikh in Egypt for COP27

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has asked the Senate to reject the planned N15 billion for the construction of the vice president’s residence new building contained in the FCT 2023 supplementary budget. The call was contained in a letter addressed to the Senate President, Mr Godswill Akpabio. In the letter, dated December 2 and signed by SERAP’s deputy director, Mr Kolawole Oluwadare, the organisation urged Mr Akpabio to use his leadership position “to promptly reject the plan by the Minister of the FCT, Mr Nyesom Wike to spend N15 billion for the construction of a

By Adedapo Adesanya The Nigerian Communications Commission (NCC) has reiterated its commitment to leveraging the power of Information and Communication Technology (ICT) in digitally transforming Nigerian society and communities. This call was made by the Executive Vice Chairman (EVC) of the commission, Mr Umar Danbatta, in a message to commemorate the 14th World Telecommunication and Information Society Day (WTISD), with the theme Accelerating Digital Transformation in Challenging Times. The WTISD is celebrated annually on May 17 to commemorate the founding of the International Telecommunication Union (ITU) and the signing of the first International Telegraph Convention in 1865. The NCC boss

By Modupe Gbadeyanka The need to increase the level of participation of retail investors in the capital market to achieve economic development has been stressed by the CEO of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema. According to Mr Onyema, retail investment opportunities in the capital market must be made available to investors and should be accessible to them so as to grow the economy. At the inaugural edition of the retail investors’ webinar organised by the NSE on Monday, the capital market guru said a number of products tailored to meet the financial objectives of retail investors were

By Dipo Olowookere Ahead of its maiden African Investment Forum next month, the African Development Bank continues to see another year of sustained indicators, underlined by a stellar Triple A rating by all three major agencies and sharply increased earnings. The inaugural Forum takes place 7-9 November 2018 in Johannesburg, South Africa, offering a platform for sourcing funding for bankable African projects, brokering infrastructure deals and providing innovative financial solutions. The event will attract key global companies, financial players, and public officials who will address the continent’s critical infrastructure investment gaps. The Bank’s performance and ratings are based on the

By Adedapo Adesanya The Federal Road Safety Corps (FRSC) has indefinitely postponed its promotion examinations scheduled to commence on Monday following prevailing security challenges. This is coming ahead of reported attacks on corps travelling from the Sokoto and Kebbi State Commands of the corps for a training programme at FRSC Academy, Udi, Enugu State. The development caused panic among other officers of the corps, who were expected to travel to Jos from the South for their examinations. A circular dated September 17 and signed by Deputy Corps Marshal, DCM Ojeme Ewrudjakpor, stated that the exercise has been postponed indefinitely, citing

By Dipo Olowookere **May Drop to $37bn in Few Days’ Time **Shed $4.5bn in 2019, $306m So Far in 2020 **Dangote Fears Devaluation Imminent **No Cause for Alarm—CBN Though the Central Bank of Nigeria (CBN) has said Nigerians should not panic over the gradual decline in the foreign reserves, observers have cautioned both the fiscal and monetary authorities not sleep with their eyes closed because it might spell doom for the country. This is because if the depletion of the reserves continues with the steady fall, the nation, which is Africa’s largest economy, may fall into another recession under the

By Modupe Gbadeyanka A former Minister of Finance in Nigeria, Mrs Ngozi Okonjo-Iweala, has been appointed as the new Director-General of the World Trade Organisation (WTO). With her appointment, she becomes the first woman and African to occupy the position since the establishment of the global trade body. Mrs Okonjo-Iweala, a former DG of the World Bank, is expected to resume office on March 1, 2021, and will be expected to leave on August 31, 2025, though her term is renewable. The Nigerian was chosen for the job at a special general meeting of the group. In a statement, the

By Dipo Olowookere To Fund Exercise from N731bn Retained Earnings A total 1.704 billion ordinary shares of Dangote Cement Plc are to be mopped up from the stock market by the board via a share buy-back programme. But before this exercise is carried out, shareholders of the company will first approve it at an Extraordinary General Meeting (EGM) fixed for Wednesday, January 22, 2019 at the Eko Convention Centre, Lagos. Business Post reports that the total units of the shares to be purchased from shareholders represents 10 percent of the total issued shares of the cement giant; 17,040,507,405 ordinary shares.

Residents of Imodi Ijebu community in Ogun State have been empowered by a leading telecommunications service provider in the country, Airtel Nigeria, with the donation of a fully equipped ICT centre to them. The gesture was made to the community on Saturday, October 9, 2019, with the facility having over 30 brand new cutting-edge computers. It was gathered that the ICT Centre was donated under Airtel Nigeria’s CSR initiative, ‘Airtel Touching Lives’; so as to foster learning and give the community members unfettered access to information. The commissioning ceremony was attended by community leaders, dignitaries, and indigenes, who came out