ECOWAS Gives Jammeh Friday 12noon to Leave Gambia

By Kestér Kenn Klomegâh As stipulated by the guidelines, Russia takes over the rotating chairmanship of BRICS (Brazil, Russia, India, China and South Africa) from January 2024. There are high hopes a lot more will change, especially towards widening its numerical strength and increasing support for the Global South. In addition, there is also the expectation that BRICS will consolidate its role within the emerging geopolitical processes and global competition for Africa. China and Russia are currently making efforts to assert influence more aggressively, despite the challenges and obstacles, in cooperating with Africa. According to authentic reports, a number of

By Kestér Kenn Klomegâh Russian language study is hitting magnificent roadblocks in Africa. For several years after the Soviet collapse, Moscow has been stepping up efforts to strengthen Russian language study and its culture across Africa. But there have been few tangible results largely due to low motivation towards the language, its usefulness is blurry compared to other foreign languages including French, English language and now Chinese. In the previous years, there has been an increasing concern about Russia’s extremely low presence in Africa. Russia’s initial interest was to become part of Europe and construct business ties from Lisbon to

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 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 Adedapo Adesanya Gokada has expressed sadness over the loss of its Chief Executive Officer (CEO), Mr Fahim Saleh, as reported earlier today. Business Post had reported on Wednesday morning that the 33-year-old founder of the bike-hailing company was gruesomely murdered on Tuesday in his New York apartment. In the statement issued on the murder, Gokada noted described the deceased as a great leader, inspiration and positive light the firm. “We are deeply saddened to inform you about the sudden and tragic loss of our founder and CEO, Fahim Saleh. Fahim was a great leader, inspiration and positive light for

By Modupe Gbadeyanka No fewer than 1,300 African entrepreneurs, business leaders and policymakers from 54 countries would be hosted on Friday, October 13, 2017, in Lagos by the Tony Elumelu Foundation (TEF), Africa’s leading philanthropy. The foundation is holding its 3rd Annual TEF Entrepreneurship Forum and it would be single largest gathering of entrepreneurs in Africa. Addressing journalists at the weekend in Lagos, chief executive of TEF, Mrs Parminder Obe, noted that the 2017 invitation had been extended beyond the usual 1,000 Tony Elumelu Entrepreneurs to include selected SMEs, media, hubs, incubators, academia, and investors from across Africa. According to

By Adedapo Adesanya  The oil market traded positive on Friday amidst fresh optimism over a global economic recovery despite the threats posed by rising cases of COVID-19 in India. The global benchmark, Brent crude, gained 15 cents or 0.22 per cent to sell at $68.24 per barrel, while the United States oil benchmark, the West Texas Intermediate (WTI) crude, appreciated by 19 cents or 0.29 per cent to trade at $64.90 per barrel. Both Brent and WTI recorded a second consecutive weekly gain as the ease in the restrictions on movement in the United States and Europe, recovering factory operations

By Modupe Gbadeyanka After recording the lowest votes last week on the Nigerian Idol season 7, Debby ended her impressive run on the show, failing to make it to the top seven. At the beginning of the show last Sunday, the host, IK Osakioduwa, called out the top 8 contestants and then disclosed that from the groundbreaking record of 20 million votes received in the week, Debby got the least and was, therefore, evicted. The show, which is sponsored by Bigi, however, did not fail to excite the viewers and the judges, who were treated to electrifying performances at the

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By Adedapo Adesanya The Lagos State Government has revealed the list of some high risk areas of COVID-19 cases in Lagos. The Commissioner for Health in Lagos State, Mr Akin Abayomi, made this known while addressing the public on his routine daily Lagos COVID-19 update on the state television on Friday. According to his announcement, Eti-Osa Local Government so far has the highest of the cases followed by Ikeja and Lagos Mainland LGAs. Some others include: Agege, Alimosho, Surulere, and Ikorodu Local Government Areas of the state. The COVID-19 infection statistics, according to Mr Abayomi, was given below: Eti- Osa

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 0.20 per cent on  Tuesday, May 23, after the share price of a market bellwether, FrieslandCampina WAMCO Nigeria Plc, depreciated at the close of business. Business Post reports that the milk producer closed the session at N65.00 per unit compared with the previous day’s value of N66.00 per unit, indicating a decline of N1.00 yesterday. As a result, N1.96 billion was chopped off the market capitalisation of the NASD OTC exchange on Tuesday, as it ended the session at N988.50 billion compared with Monday’s closing value of N990.46 billion.

By Adedapo Adesanya The Confederation of African Football (CAF) has officially launched African Super League, a continental variant of the much contested European Super League, to change the perspective and tap the potential of the game on the continent. President of CAF, Mr Patrice Motsepe, announced the development at the 44th CAF Ordinary General Assembly held in Tanzania on Wednesday. The project has been in the works since it was recommended by Mr Gianni Infantino, FIFA president, in 2020. CAF announced that the African Super League will be operated on a budget of $200 million and will kick off in August