African Trade Insurance Agency Pays First Dividend After Earning $9.9m Profit

By Adedapo Adesanya In an unprecedented response to the devastation caused by the recent earthquake in Morocco, Binance, through its charity arm, has announced plans to airdrop up to $3 million in Binance Coin (BNB) to Binance users identified as living in the areas affected by the tragedy. Last Friday, a 6.8 magnitude earthquake struck Marakkesh in the North African country and has left close to 3,000 dead, with at least 2,500 injured and a host of others missing. In the aftermath of natural disasters, people often lose access to traditional banking at the exact moment when extra funds are

By Adedapo Adesanya President Bola Tinubu extended his heartfelt condolences to King Mohammed VI of Morocco following Saturday’s devastating earthquake in his homeland, which has claimed close to 800 lives. In a statement signed by Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity on Saturday, he commiserated with all families who lost loved ones and all those otherwise affected by this tragedy, while wishing a full and swift recovery to those who were injured. President Tinubu assured the government and people of Morocco that the heartfelt prayers and thoughts of Nigerians are with them during

By Kestér Kenn Klomegâh South Africa hosts the 15th BRICS summit in Johannesburg. Russian President Vladimir Putin is participating, not in person, but this time only online. Historically, he has, a number of times, paid official working visits to South Africa. During these past two decades, he has held high-level talks, at different times, with Thabo Mbeki, Jacob Zuma and Cyril Ramaphosa. Russia and South Africa have unlimited opportunities to develop mutually beneficial economic partnerships. For instance, in early September 2006, Vladimir Putin and Thabo Mbeki discussed the outlook for improving bilateral economic ties with representatives of the two countries’

By Adedapo Adesanya Russian President, Mr Vladimir Putin, told the BRICS summit participants in South Africa on Thursday that Moscow intends to deepen ties with African countries for food and fuel supply. Speaking in a video link address, Mr Putin said Russia was interested in developing “multi-faceted ties” with Africa, which has been roiled by fuel and food price rises resulting from the conflict in Ukraine. This is coming after the country exited the Black Sea grain deal in July. This move has seen grain prices soar, hitting many African countries very hard. Russia and Ukraine are among the world’s

By Aduragbemi Omiyale The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, has been urged to focus on a return to the state parliament and ditch his ambition to run for the Senate in 2023. On Sunday evening, some leaders in the Agege and Orile-Agege areas of Lagos State said they would want him to still represent them at the local level before taking a shot at the federal level. They said he has brought pride to the communities and would want him to still serve them at the Lagos Assembly through effective legislation and related activities,

By Nneka Okumazie It is possible to not want to be a Christian. It is possible to disagree with the way of life of genuine Christians, but it is skewed to think that misjudgment of the Christian faith, for whatever reason invalidates the faith, for all. Christianity is a choice. Everything about the genuine Christian faith is acceptance – first, with completion in spirit and in truth. Many use physical experience and logic to judge the Lord. But God is a spirit. There are lots of atheists, agnostics and irreligious people who ask questions about the scriptures they believe have

By Modupe Gbadeyanka Customers of Airtel Nigeria will now have the opportunity to enjoy the best deals on Konga whenever they shop on the leading composite online and offline retail chain in Africa. This followed the strategic partnership sealed between the two organisations on Thursday, March 31, 2022, at the headquarters of the telecommunications services provider in Banana Island, Ikoyi, Lagos. According to a statement issued by the telco, Airtel customers will get items at the best prices at their fingertips and delivered to their doorsteps regardless of their location through Konga. The Chief Commercial Officer of Airtel Nigeria, Mr

By Dipo Olowookere Governor Abdulfatah Ahmed of Kwara State has approved the appointments of three new Special Assistants. The appointments were announced on Tuesday by Secretary to the State Government (SSG), Mr Isiaka Gold, via a statement. The statement said the three new aides are Hajia AbdulYekeen Sherifa Mojisola as Special Assistant on Social Mobilization, Mr Omoniyi Mukaila Ayinla as Special Assistant on Transport, and of Mr Yusuf Bukar Muhammed as Special Assistant on Non-Governmental Affairs. The SSG congratulated the new appointees and urged them to approach their assignment with the diligence and dedication that recommended their appointments.

By Dipo Olowookere A Mathematics teacher in Ogun State named Mr Kolawole Bello has highlighted ways to stem the continuous poor performance of students in Mathematics. Mr Bello, who works at The Ambassador College, Ota in Ogun State, while speaking at the on-going Cowbellpedia Mathematics Television Quiz Show in Lagos, stressed that parents and guardians have a major role to play in sustaining the interest of their children in the subject, which is dreaded by many. According to him, parents must strive to complement the efforts of teachers in encouraging and supporting students’ interest in Mathematics and other science subjects.

By Dipo Olowookere On Friday, July 26, 2019, the board of Dangote Cement Plc will hold a meeting for the consideration of its unaudited financial statements for the period ended June 30, 2019. A statement issued by the cement maker said the company’s half-year results in one of the matters to be discussed at the meeting. However, the notice kept mute on whether issues concerning the payment interim dividend to shareholders would be discussed at the gathering. “This is to inform the NSE and all investors that a meeting of the board of directors of Dangote Cement will be held

By Dipo Olowookere The trial of embattled former National Publicity Secretary of the Peoples Democratic Party (PDP), Mr Olisa Metuh, slated for continuation of defence today was stalled as he was not in court due to ill-health. Mr Metuh is standing trial alongside his company, Destra Investment Limited, on a 7-count charge of fraud to the tune of N400 million pressed against him by the Economic and Financial Crimes Commission (EFCC) before Justice Okon Abang of the Federal High Court sitting in Maitama, Abuja After counsels on both sides entered their appearances, Mr Metuh’s counsel, Mr Onyechi Ikpeazu (SAN), informed

By Dipo Olowookere The Nigerian Exchange (NGX) Limited further depreciated by 0.11 per cent on Tuesday on the back of sustained profit-taking by investors. It was observed that the loss was across the major sectors of the local stock market, with the banking space recording the highest fall of 0.99 per cent. The energy counter fell by 0.50 per cent, the insurance sector retreated by 0.33 per cent, the consumer goods counter went down by 0.30 per cent, while the industrial goods index closed flat. At the close of business, the All-Share Index (ASI) declined by 50.77 points to 46,843.09