Coca-Cola to Retain Majority Stake in Coca-Cola Beverages Africa

By Adedapo Adesanya The prices of food globally dropped to 121.4 points in August, 2.1 per cent lower than the 123.5 points from July, reversing the rebound registered last month and pushing the index as much as 38.3 points (24.0 per cent) below its peak reached in March 2022. This is according to the latest figure by the Food and Agriculture Organisation (FAO) on Friday, which showed that the drop reflected declines in the price indices for dairy products, vegetable oils, meat and cereals, while the sugar price index increased moderately. The FAO Cereal Price Index averaged 125.0 points in

By Adedapo Adesanya The leader of the coup that ousted Gabon’s President, Mr Ali Bongo, Mr Brice Oligui Nguema, has promised to bring reforms as he was sworn in as interim president of the central African country on Monday. In Africa’s ninth coup in three years, army officers led by Mr Nguema (a general) seized power on August 30, minutes after an announcement that Mr Bongo had won his third term election in his 14 years as president. According to reports, Mr Nguema, a cousin of the deposed Garbonese leader, was given a standing ovation by military officers and officials

By Kestér Kenn Klomegâh The historic gathering on Climate Change inside Africa clearly portrays efforts at spearheading towards finding sustainable solutions to existing challenges. But African leaders are still standing at a crossroads as they try hard to balance their geopolitical positions, this time with raising the needed funds for controlling the effects of climate change in Africa. The majority of these African leaders consistently barked at Westerners and Europeans for their excessive control, and frequent interference in their internal affairs and shouted over aspects of democracy, human rights and hegemony, and yet looked forward to their invaluable investment in

By Adedapo Adesanya The National Insurance Commission (NAICOM) has outlined regulatory forbearance for the insurance industry that will ensure protection to businesses and policyholders affected by the restriction to movement of the Federal Government. This was stated in a circular issued recently to insurance operators with referenced numbers, NO: NAICOM/DPR/CIR/29/2020, 01 April 2020 signed by the Director Policy and Regulation, NAICOM, Mr Pius Agboola. According to the regulator, the forbearance are as follows: “Where Approval-In-Principle for the preceding insurance period had been granted, all renewals or extensions of the foreign reinsurance proportions that become due during COVID-19 movement restriction are

By Adeniyi Ogunfowoke It’s certainly a challenging experience to attend a festival with little ones especially if the weather’s bad. More endurance than enjoyment. Regardless, you can still have fun with your kids no matter the type or nature of the festival. Jumia Travel, the leading online travel agency, shares ways you can pull this off. Go with friends Attending festivals with kids is tough. Going with friends who have kids of similar ages really helps. It makes life so much easier. It can be stressful if something unexpected happens, so friends are great to help out and calm the

On Friday, June 14, 2019, about 91 top performing students from 46 schools in Nigeria received 125 Outstanding Cambridge Learner Awards following their outstanding performance in the November 2017 and June 2018 Cambridge exams series. The event, which took place at the Civic Centre in Lagos, was hosted by Cambridge International and the British Council. The awards covered various subjects taken in Cambridge IGCSEs, Cambridge O Levels and Cambridge International AS & A Levels. The top achievers included three ‘Top in World’ category winners: Omoshemi Favour Oloriegbe from The Childville Senior for Cambridge IGCSE Sociology in the June 2018 exam

By Aduragbemi Omiyale A mid-level financial institution, FCMB Plc, is planning to sell bonds worth N30 billion to investors, the company has disclosed. In a regulatory notice on Tuesday, the organisation stated that it commenced the book build of the Series I paper on January 24, 2023. The lender is selling the notes under its N300 billion debt issuance programme registered by the Securities and Exchange Commission (SEC). In the disclosure filed to the Nigerian Exchange (NGX) Limited, FCMB said the debt instrument is an Additional Tier 1 (AT1) bond. “FCMB Group Plc has completed the registration of its N300

By Modupe Gbadeyanka A member of the House of Representative, Mr Sabo Garbu, who is representing Potiskum/Nangere constituency at the National Assembly, has processed the release of 13 prisoners in Yobe State after paying their fine and compensation. He said this will help decongest the prison. The state Controller of Prisons, Mr Isa Sabo Kashuri, while responding on behalf of the benefitting prisoners, commend the lawmaker for bringing succour to the prisoners. He urged other philanthropists and organisations to come to the aids of prisoners. In a related development, in exercising his constitutional powers, Mr Ibrahim Gaidam, the Governor of

By Modupe Gbadeyanka From Wednesday, December 15, 2021, viewers of Boomerang Africa will have the opportunity to watch another instalment of My African Stories. The last series of the show recorded more than 150,000 online views and it allowed kids and their families to learn about different cultures across Africa and experience the excitement of creating fun arts and crafts, replicating the remarkable local stories told from a child’s perspective. In the forthcoming series, viewers will discover how four children share their passion for music, sports, important causes and culture with Boomerang fans across the continent. The first stop to

By Investors Hub Asian markets ended mostly higher on Wednesday, with investors indulging in some selective buying despite a lack of any major catalysts. Higher commodity prices triggered fairly strong buying in mining and energy stocks in the region. Overall, the volume of trading was light across the region. Japan?s Nikkei 225 Index edged up 18.52 points or 0.1 percent to 22,911.21, after hitting a low of 22,854.39 and a high of 22,936.16. Kawasaki Heavy Industries gained nearly 8 percent, and J Front Retailing added 6.2 percent. Isetan Mitsukoshi Holdings, Toho Zinc, Sumitomo Metal Mining, JX Holdings, Mitsubishi Materials, Mitsubishi

By Modupe Gbadeyanka One of the leading telecommunications companies in Nigeria, Airtel, has through its full weight behind the ninth edition of Best of Nollywood (BON) Awards taking place this week in Abeokuta, Ogun State. Thing information was confirmed by the Executive Producer of BON Awards, Mr Seun Oloketuyi, via his Facebook post on Wednesday. “We are happy to have Airtel on board this year. We hope the partnership would be even more mutually beneficial in the years ahead,” Mr Oloketuyi stated in the post. On Saturday, December 16, 2017, stakeholders in the movie industry in Nigeria fondly called Nollywood