Coronavirus: China Advised to Maintain Sustainability in Belt and Road Africa Initiative

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 Former prime minister of the United Kingdom, Mr David Cameron, has returned to government as Foreign Secretary amid a fresh cabinet shake-up by Prime Minister, Mr Rishi Sunak, on Monday. Downing Street announced on Monday that Mr Cameron would join the government, accepting a peerage in order to do so, as part of a wider reshuffle in which Ms Suella Braverman was sacked as Home Secretary and replaced by the Foreign Secretary, Mr James Cleverly. Business Post also confirmed that Mr Jeremy Hunt would remain as chancellor. Mr Cameron stood down in 2016 after losing the Brexit

By Adedapo Adesanya The Nobel Committee has awarded the 2023 Nobel Peace Prize to jailed Iranian activist, Ms Narges Mohammadi, for her fight against the oppression of women in Iran and her fight to promote human rights and freedom for all. In a statement announced on Friday, Ms Mohammadi was recognised for her brave struggle which has seen her arrested 13 times, convicted five times, and sentenced to a total of 31 years in prison and 154 lashes. As of the moment of her recognition for the prize, Ms Mohammadi is still in prison after her role in the largest

By Dipo Olowookere The recent increase in the stop rates of treasury bills in Nigeria is expected to continue this week as the Central Bank of Nigeria (CBN) auction the debt instrument worth N208.60 billion to investors. The apex bank will on Wednesday offer for sale the T-bills at the primary auction market (PMA), with the usual three maturities available. The central bank is expected to re-issue maturing N24.37 billion worth of 91-day bill, N38.75 billion worth of 182-day bill and N145.48 billion worth of the 364-day bill during the exercise. Last week, Business Post reported that the average yields

By Dipo Olowookere Nigerian stocks sustained a positive momentum on Monday with a 0.15 per cent growth on the back of bargain hunting in banking equities. Investors maintained their buying interest in these shares as a result of the positive half-year earnings from them. This helped to keep the market in the green territory despite investor sentiment turning negative at the first trading session in August. Business Post reports that there were more price losers than price gainers yesterday; 17 price risers and 26 price decliners, indicating a negative market breadth. Despite this, the general outcome was bullish as the

The need for a new outlook for Nigeria’s education system, in a bid to foster a clearer path to sustainable development in the country, has been reiterated by a foremost business solution consulting firm, Verraki. Head of the Service Practice for Verraki Nigeria, Ms Toluwaleke Adenmosun, emphasised that the education sector is critical in enabling transformation in the country, adding that both formal education and skill acquisition are necessary for achieving growth and enabling development.  Speaking on sustainable financing for innovative teaching and learning at the 5th edition of the NEDIS education innovation summit held recently in Lagos, Ms Adenmosun

By Adedapo Adesanya The Senate ad-hoc committee probing matters of alleged financial recklessness in the Niger Delta Development Commission (NDDC) has asked the Interim Management Committee (IMC) to refund the sum of N4.9 billion to the accounts of the commission. During the course of the probe, the interim management had spent the money as an Extra Budgetary Expenditure including excesses like the COVID-19 relief fund, Lassa fever kit, scholarship grants, overseas travels, historically contracts and obligations and other expenses which were not captured in the NDDC’S budget. These are part of the recommendations read out by the chairman of the

By Dipo Olowookere The key performance indicators of the Nigerian Exchange (NGX) Limited further depreciated by 0.35 per cent on Friday as investors intensified their profit-taking sentiment. A total of 15 equities depreciated in price during the session as 14 stocks gained points, indicating a weak investor sentiment and a negative market breadth. The loss was mainly driven by industrial goods and energy sectors, which fell by 0.32 per cent and 0.15 per cent respectively, while the banking, insurance and consumer goods counters appreciated by 0.23 per cent, 0.13 per cent and 0.06 per cent apiece. When the market closed

By Modupe Gbadeyanka ***Proposes Deeper Diversification, Better Policies An analysis conducted by the World Bank has advocated for better economic policies and deeper diversification for African countries. The World Bank noted in the report that countries of Sub-Saharan Africa present a diversified landscape of economic growth. The bi-annual analysis of the state of African economies named Africa’s Pulse pointed out that while economic growth across the continent is projected to fall to 1.6% this year, the lowest level in over two decades, the GDP growth is showing resilience in about a quarter of countries. Some of the best performers—Ethiopia, Rwanda,

By Atedo Peterside The Federal Government of Nigeria (FGN) is doing some things right, such as the effort to curb overhead expenditures and to be more frugal than past administrations, but then they are also doing many things wrong. There is a reluctance to completely break from the past and embrace significant economic reforms, even when our present predicament clearly warrants same. We are now facing an economic crisis. A crisis is an inflection point. It is that point when multiple outcomes become possible. 2017 represents the last full calendar year that this administration has within which it must embrace

By Dipo Olowookere As part of its commitment to provide an easier and more effective job search experience for jobseekers, and a refined recruitment experience for employers, leading job search platform, Jobberman Nigeria, has upgraded its platform. This new platform has been designed to help professionals move forward at every step of their career; from entry level to experienced professional, giving the jobseeker more control over the outcome of his or her career. According to Jobberman, it took this decision to rebrand its online platform after getting views of its audience feedback, consisting of over 2 million career professionals and