Amnesty International Pays Tribute to Late Archbishop Desmond Tutu

By Adedapo Adesanya Three scientists will share the Nobel Prize in Physics as the Royal Swedish Academy of Sciences recognised Pierre Agostini, Ferenc Krausz and Anne L’Huillier as this year’s recipients for experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter. The three Nobel Laureates in Physics 2023 were recognised for their experiments, which have given humanity new tools for exploring the world of electrons inside atoms and molecules. BREAKING NEWSThe Royal Swedish Academy of Sciences has decided to award the 2023 #NobelPrize in Physics to Pierre Agostini, Ferenc Krausz and Anne L’Huillier

By Kestér Kenn Klomegâh Russian President, Mr Vladimir Putin, has held talks with the Equatorial Guinean President, Mr Teodoro Obiang Nguema Mbasogo, who was in Moscow on an official working visit. The visit could be characterized as historic and interpreted as one major step to broadly review the political situation in the Central African region, and specifically assess the prospects for deepening bilateral cooperation between Russia and Equatorial Guinea. As the current rotating Chairman of the Economic Community of Central African States (ECCAS), the regional economic bloc uniting Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea,

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 Investors Hub Asian stocks turned in a mixed performance on Wednesday as investors were cautious after the People’s Bank of China set the official daily midpoint reference for the yuan at a slightly weaker than expected level. The yuan eased against the U.S. dollar in offshore trading after the currency’s daily fixing. Chinese stocks extended a recent downward move amid concerns about the escalating U.S.-China trade war. The Shanghai Composite Index fell 8.88 points or 0.3 percent to 2,768.68, although Hong Kong?s Hang Seng Index inched up 20.79 points or 0.1 percent to 25,997.03. The Japanese market also extended

By Dipo Olowookere Flour Mills of Nigeria Plc has announced the acquisition of one of its competitors in the flour milling industry, Honeywell Flour Mills Plc. A notice from the company on Monday disclosed that it would take control of the majority stake of Honeywell as well as the shareholding of FBN Holdings Plc in the firm. Business Post reports that Honeywell Group Limited has a 71.69 per cent equity stake in Honeywell Flour, while FBN Holdings controls 5.06 per cent in the miller. With the transactions, Flour Mills will now take charge of about 76.75 per cent stake in

By Dipo Olowookere Over 500 female entrepreneurs from across the country have undergone training programmes aimed to scale up their skills on how to leverage digital platforms to drive growth in their businesses. The initiative, which kicked off last month, has held in Abuja, Lagos, Enugu and Ibadan with over 500 female business owners in attendance. It was put together by Access Bank in partnership with She Leads Africa under the Facebook Program called #SheMeansBusiness. The second phase of the Access Bank, Facebook and She Leads Africa training will continue in Abeokuta on Wednesday, July 17, Jos, July 23, and

By Dipo Olowookere Shareholders of Law Union and Rock Insurance Plc will receive N1.23 for each share of the company with them, the underwriting firm has confirmed. This followed the acceptance of the offer from the new owners of the organisation, Verod Capital Management, a statement issued last Friday disclosed. Law Union shareholders are giving up all their stakes in the company so as to keep the organisation alive as it plans to raise funds to remain in business. According to Law Union, the board struck this deal and payment from Verod Capital so as to get full value for

By Adedapo Adesanya The Nigerian currency suffered a 0.17 per cent or N1 decline against the American Dollar at the Peer-2-Peer (P2P) window of the foreign exchange (FX) market on Wednesday, April 14. Data obtained by Business Post showed that the indigenous currency was exchanged with the Dollar at N586/$1 at the FX market category yesterday compared with the N585/$1 it was traded in the preceding session. It was also a similar situation for the Naira at the Investors and Exporters (I&E) window of the forex market on Wednesday as it lost 5 kobo or 0.01 per cent against the greenback

By Modupe Gbadeyanka ICT industry veteran, Mr Pieter Bensch, has assumed his new role as Sage’s Executive Vice-President for Africa and Middle East. Mr Bensch will lead the growth of Sage’s business across the region and focus on expanding its leadership in the market for cloud-based accounting, people & payroll, and payments software Sage is the market and technology leader for cloud accounting, people & payroll, and payment systems. In this position, Mr Bensch will also oversee the local strategy to help business builders and entrepreneurs move to an admin-free world by 2020. Mr Bensch joins Sage from HPE (Hewlett-Packard

By Dipo Olowookere Two officers of the Nigerian Customs Service (NCS) have been declared wanted by the Service over the importation of 661 pump-action rifles. The two senior officers declared wanted are Abdulahi I, an assistant superintendent of customs (ASC), with service number 44483 and ACIC Odiba Inah, with service number 133386. On Monday, Comptroller-General of Customs, Mr Hameed Ali, had said that the Federal Operations Unit while on patrol, intercepted a Mark truck with registration number BUG 265 XG conveying a 40ft container with number; PONU/825914/3 along Mile 2 Apapa Road, Lagos. He had also promised to get to

By Adedapo Adesanya MTN Nigeria Communications Plc will receive €100 million credit facility from the European Investment Bank (EIB) to speed up its network expansion programme. According to a corporate disclosure by the company, the investment will aid the acceleration of 4G coverage in Nigeria and expand broadband access in line with MTN’s 2025 ambition strategy. The statement further explained that the transaction represents EIB’s largest financing for mobile telecommunications network expansion in Africa. It will help improve network capacity across the country to accommodate rising data traffic and enhance coverage in Lagos and Ogun states. Commenting on the deal,