2018 US Diversity Visa Lottery Program Registration Begins

By Kestér Kenn Klomegâh It all began in March 2023 with an ear-deafening applause during the inter-parliamentary conference under the theme ‘Russia-Africa in a Multipolar World’ that was held in Moscow. Russian President Vladimir Putin offered what was then referred to as ‘no-cost deliveries’ of grains to six African countries. This unique promise was consolidated and renewed during the second Russia-Africa summit held in St. Petersburg. Russian media, with its highest public-oriented reports and propaganda narratives, keeps on informing its public that Russia feeds Africa and its 1.4 population. Under the auspices of the State Duma of the Russian Federal

By Precious Olisa The United Arab Emirates (UAE) has established a circular economy committee that will develop a national strategy for the efficient use of resources and reducing waste in the country. A statement disclosed that the team would focus on the circular economy principles of reducing, reusing and recycling materials to minimize environmental impact and save resources. The new circular economy committee comprises public and private sector members, who will promote investments in circularity and accelerate the adoption of circular economy practices. Last year, the UAE announced the UAE Net Zero by 2050 Strategic Initiative, a national drive to

By Professor Maurice Okoli As stipulated by the guidelines, Russia will take over BRICS [Brazil, Russia, India, China and South Africa] from January 2024.  With the heightening of geopolitical tensions, Russia’s priority focus is on the group’s possible enlargement to counter U.S. hegemony. It plans to push seriously for critical reforms in the international financial architecture and create a solidified platform for building an equitable multipolar world order. In the past few years, the BRICS group has taken a number of broad initiatives that aim at countering hegemonic policies and against the collective West for imposing the ‘rules of the

By Kestér Kenn Klomegâh South Africa prepares to host the African Growth Opportunity Act (AGOA) forum to review critical challenges and obstacles adversely impacting trade opportunities and economic cooperation between the United States and Africa. The United States first introduced the African Growth and Opportunity Act (AGOA) in 2000. It is the 20th AGOA forum scheduled from November 2 to 4 in Johannesburg, South Africa. The AGOA Trade and Economic Cooperation Forum seeks to expand and deepen trade and investment relationships between the United States and Sub-Saharan Africa. It also encourages regional integration and further reaffirms Africa’s position as a

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has released the economic report for the second quarter of 2016. In the report seen by Business Post, growth in the key monetary aggregates accelerated in the second quarter of 2016. The apex bank said during the period under review, provisional data showed that foreign exchange inflow and outflow through it amounted to US$5.89 billion and US$6.09 billion, respectively, resulting in a net outflow of US$0.20 billion. It further said foreign exchange sales by it to the authorized dealers amounted to US$4.31 billion in the second quarter of 2016. It explained

By Adedapo Adesanya Oando Plc and Italian oil company, Eni, have announced the signing of an agreement for Oando to acquire Nigerian Agip Oil Company (NAOC) Limited as it plans to divest some of its assets in the country. The Wale Tinubu-led oil company will take NAOC Limited interests in Nigeria across four onshore blocks (OML 60, 61, 62, 63), which it operates on behalf of NAOC JV (operator NAOC Ltd 20 per cent, Oando 20 per cent, NNPC E&P Limited 60 per cent), in the Okpai 1 and 2 power plants (with a total nameplate capacity of 960MW), and

By Bliss Okperan The inflation rate in Nigeria is projected by Meristem Securities to increase by 27.95 per cent in September compared with the 25.80 per cent achieved in August 2023. In a research note by the company’s analysts obtained by Business Post, the 2.15 per cent surge in the average prices of goods and services would be triggered by the rise of food, premium motor spirit (PMS), “the lingering challenges in sourcing foreign exchange (FX) and depreciating exchange rate.” The National Bureau of Statistics (NBS) is expected to release the inflation numbers on Monday afternoon. In its projection, the

By Nneka Okumazie There are very few things in the world that most people won’t do under some conditions. There are a few people who won’t do anything under certain conditions. Most of the things people say they can’t or won’t are under normal circumstances. If there is a guarantee that it will not be known, or that others would join, or that the benefits are something, it goes. Though lots of things still seem abhorrent to imagine or do directly, the worse things are at times done indirectly, such that the same effect of doing so indirectly results from

By Ebitonye Akpodigha The Federal Ministry of Environment will hold talks on climate change on the sidelines of the 71st United Nations General Assembly (UNGA) taking place in New York, USA. The event is slated for Thursday, September 22, 2016 from 1:12pm – 2:45pm. The programme, tagged ‘Taking Climate Action for Sustainable Development’, will hold at the Conference Room 3, UN headquarters, New York. Chief Host of the conference is President Muhammadu Buhari of Nigeria, while the Special Guests are President Idriss Derby of Chad, who doubles as Chairman of African Union; President Mahamadou Issoufou of Niger Republic; President Paul

By ThisDay The total number of persons with Retirement Savings Account (RSA) in Nigeria increased by 96,346 to 7,589,936 workers under the contributory pension scheme as at the second quarter of 2017, compared with 7,493,590 registered in the first quarter of the year. They country’s total working population stood at 69,470,901 as at the fourth quarter of 2016. The National Bureau of Statistics (NBS) stated this in its Retirement Savings Account (RSA) Membership Distribution for the second quarter 2017 (Q2 2017), posted on its website. The RSA membership distribution as at Q2 of 2017 represented 10.93 per cent of the

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By Modupe Gbadeyanka The former Managing Director of the Niger Delta Development Commission (NDDC), Mr Nsima Ekere, has been grilled by the Economic and Financial Crimes Commission (EFCC). The former NDDC boss was at the Lagos office of the agency on Wednesday to honour an invitation to him to answer questions surrounding an alleged fraud to the tune of N47 billion. In 2016, a year after losing the governorship primary election of the People’s Democratic Party (PDP) in Akwa Ibom State to Governor Udom Emmanuel, he was appointed as the MD of the commission. He left office in 2018 to