ARED Boosts Ugandan’s Economy With Solar Powered Kiosks

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 Adedapo Adesanya The African Development Bank Group (AfDB) has urged entrepreneurs in Nordic countries and Ireland to make Africa their business and investment destination. According to a statement, the call was made by the lender’s Chief Economist, Mr Kevin Chika Urama, on a spate of official visits to Denmark, Finland, Ireland, Norway, and Sweden between September 25 – 29. He said Africa’s population boom is projected to make it the world’s most populous region by the end of the century, with up to 3.4 billion people offering huge business and investment opportunities to the rest of the world. “With

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 Aduragbemi Omiyale The Central Bank of Nigeria (CBN) has disclosed that as of February 28, 2023, it had disbursed a total of N1.079 trillion as loans to about 4.57 million smallholder farmers under its Anchor Borrowers’ Programme (ABP) but has recouped N503 billion. The Acting Director of the Corporate Communications Department at the CBN, Mr AbdulMumin Isa, in a chat with newsmen in Abuja, disclosed that the bank was committed to its developmental mandate of stimulating access to finance for the real sector. He explained that the repayments under the ABP were made through cash or produce by the

By Modupe Gbadeyanka The need to establish agriculture technology hubs across the country so as to boost the economy has been emphasised by the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan. The banker argued that the establishment of these agric technology hubs will further generate activities in the entire value chain and also provide a base for exporting agriculture technology services to other parts of Africa. Mr Akinwuntan expressed this opinion at the second edition of the Ecobank Agribusiness virtual Summit organised in association with Vanguard Economic Forum Series themed Digitizing the agricultural value chain for unlocking productivity, economic

While USA 500 may include only a small section of publicly traded firms, there is no doubt that it is one of the most important indices in the United States stock market. Approximately 500 companies in the S&P 500 make over 80% of the stock’s total value on the market. Therefore, it is an important indicator of how the local market is performing. If you target trading USA 500 stocks, one of the main questions that you might have in your mind is, “How are the companies selected to join the exclusive list?” Everything comes down to meeting a number

By Ebireri Henry Ovie Former Deputy Governor of Lagos State, Prince Abiodun Ogunleye, on Saturday reviewed the destruction in Ikorodu over the National Assembly primaries in Lagos East, describing the action of the lawmaker representing Kosofe Constituency 1 in the Lagos State House of Assembly, Mr Bayo Osinowo, and his associates as dangerous trend. Mr Ogunleye said it was the party’s duty to hold free and fair primaries but it has miserably failed to do so. Addressing journalists in Ikorodu, the politician stated that open secret voting remain a vital process for the development of democracy in Nigeria. He described

By Modupe Gbadeyanka A boost in liquidity in the financial system last Thursday crashed the money market rates by 4.58 per cent to 15.65 per cent. Business Post reports that the market witnessed the inflows of liquidity into the system from the refunds made by the Central Bank of Nigeria (CBN). According to traders at the market, the apex bank made a refund of the excess cash it took away from commercial banks in the previous sessions. For a few weeks now, the central bank has been making Cash Reserve Ratio (CRR) debits from banks as part of efforts to

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has disclosed plans to fund 1.6 million farmers across the country for the 2020 wet season. This was disclosed by the CBN Director, Development Finance Department, Mr Yila Yusuf, during the flag-off of Farm Inputs Distribution for cotton farmers for 2020 planting season in Kwali, Abuja. Represented by Mr Ayoola Quadri, the Director explained that the bank would finance the farmers under the bank’s 10 focal commodities which would cut across the value chains. The apex bank’s special intervention plan for the next five years (2019 to 2024) covers: Rice, Maize,

By Modupe Gbadeyanka At least 10.3 billion eggs are produced domestically in Nigeria every year, the Poultry Association of Nigeria (PAN) has disclosed. Addressing journalists at a press conference in Lagos recently, National President of PAN, Dr Ayoola Oduntan, noted that there is a vast array of employment opportunities lying within the poultry value chain, but government and the people must take it seriously to ensure that it is not only sustained but made to grow as agriculture is truly the future of the country. According to him, the eradication of imported poultry products in Nigeria will create one million

By Modupe Gbadeyanka The Executive Order preventing about 50 high-profile Nigerians from travelling out of the country has been described as illegal and repressive by the Socio-Economic Rights and Accountability Project (SERAP). A statement issued by the group disclosed that the move breaches constitutional rights and the country’s international obligations, which protect the rights to freedom of movement, to leave one’s country, to privacy, and to due process of law. “A travel ban by its nature is an interference with the right to leave one’s country. It is neither necessary nor proportionate to prevent dissipation of stolen assets or stop