Cameron Gets Political Appointment as Sunak Sacks Braverman

By Kestér Kenn Klomegâh The 17th Toronto Global Forum was held under the theme Fostering Economic Resilience from October 11-13, 2023, in Toronto Canada. According to reports, the forum gathered over 170 speakers and more than 3,000 attendees from all over the world. The central themes at the Toronto Global Forum revolved around the global economy, infrastructure, finance, innovation, energy and sustainable development. Through its ability to foster connections and collaboration, the Toronto Global Forum stands as an exceptional and distinctive platform bringing together decision-makers from all spheres of society to tackle the most pressing issues of the changing times.

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 Adedapo Adesanya The global prices of food remained flat, unchanged from its revised October level, as increases in the price indices for vegetable oils, dairy products, and sugar counterbalanced decreases in those of cereals and meat. This is according to the latest Food and Agricultural Organisation (FAO) Food Price Index (FFPI) released on Friday. The index showed that food prices averaged 120.4 points in November 2023 and stood 14.4 points (10.7 per cent) below the corresponding level one year ago. The FAO Cereal Price Index averaged 121.0 points in November, down 3.7 points (3.0 per cent) from October and

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 Modupe Gbadeyanka Last week was a very busy one at the Nigerian Stock Exchange (NSE) as investors and analysts were engaged in the analysis of results of listed companies for the first quarter of 2019. Though some companies disappointed with their earnings, especially Dangote Cement, which did not excite shareholders with its results, few others were amazing. At the close of transactions last week, the stock market remained underwater, after losing 1.78 percent week-on-week to leave the year-to-date loss to 7.06 percent. But this week, analysts at Cowry Asset said there should be a slight improvement in the market

Heritage Bank has been commended by the federal government for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd, saying such partnership stands to create new opportunities for Nigeria to grow its potential reserves of N200 million ounces of gold. Vice President Yemi Osinbajo gave this commendation during a Zoom- meet & chat session, a virtual platform at the launch of nationwide Dukia-Heritage Bank Gold & Precious Metals Buying Centres held yesterday. He affirmed that the launch of this expansive project between Heritage Bank and Dukia Gold would enable Nigeria to mine

By Dipo Olowookere The Kwara State government has approved the use of the Hijab, a veil worn by female Muslims, in public schools in the state. In a statement issued on Thursday by the Secretary to the Kwara State Government, Prof Mamma Sabah Jibril, it was emphasised that every Muslim schoolgirl has the right to put on the veil. The government said it authorised the use of the Hijab in schools after consultations with the relevant stakeholders in the state, including leaders of both Muslim and Christian communities. Recently, tensions were high over the use of the covering in some

By Modupe Gbadeyanka Foremost financial institution in Nigeria, UBA Plc, has been named the best CSR company in West Africa by the Social Enterprise Report Awards (SERAS). The bank’s CSR arm, UBA Foundation, was honoured with this award at the 10th SERAS ceremony, which held at the Muson Centre in Lagos on Friday, November 11, 2016. UBA Foundation beat other nominees in its category, including; Lafarge, MTN, Nestoil, P&G, Exxon Mobil and Shell to emerge best in CSR in the West African region. Since 2006, The SERAS CSR Awards-Africa has celebrated outstanding companies who through their immense contributions have become

The Punch The National Executive Council of the Air Transport Services Senior Staff Association of Nigeria has threatened to shut down activities at airports across the country, if the Federal Government fails to settle all labour issues including payment of the defunct Nigeria Airways Limited workers’ severance package before going ahead with the planned establishment of Nigeria Air. Similarly, the National Union of Air Transport Employees says there will be no national carrier unless the entitlements of the ex-workers of the defunct airline were paid. ATSSSAN, in a communiqué issued on Monday, following a meeting of its National Executive Council,

By Dipo Olowookere Activities fully resumed on the floor of the Nigerian Stock Exchange (NSE) on Tuesday after the public holiday observed on Monday to commemorate the nation’s independence day celebration. At the close of transactions yesterday, the local bourse was pointing south after shedding 0.17 percent as a result of profit-taking by investors. There were 17 price losers at the market on Tuesday, while only 15 equities appreciated in value when activities were brought to an end. Stanbic IBTC recorded the heaviest price loss, shedding N3.50k of its share value to settle at N42.50k per share. It was followed

By Dipo Olowookere The All-Share Index (ASI) remained down on Thursday at the close of transactions on the floor of the Nigerian Stock Exchange (NSE), Business Post is reporting. This was caused by profit taking activities embarked upon by investors as they wait patiently for the release of half-year performance of firms listed on the stock exchange. When market closed yesterday, the index went down by 230.49 points or 0.61 percent, while the market capitalisation depleted further by N83 billion to settle at 13.669 trillion. Despite the weak performance of the stock market, which pushed the year-to-date gain to -1.33

By Dipo Olowookere Nigeria plans to generate as much as $16.4 billion through asset sales in the next four years to reduce the burden on the public budget, a Budget Ministry document showed. The sales, according to Bloomberg, will help to tackle inefficiencies and stem “corruption in public enterprises,” which outlines the West African nation’s plans for economic recovery from 2017 to 2020. President Muhammadu Buhari will introduce the proposal on an unspecified date this month. It didn’t name the assets it may sell. Nigeria estimates its economy contracted 1.5 percent in 2016, partly because of a decline in the