Elon Musk Threatens to Abandon Twitter Takeover

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 Kestér Kenn Klomegâh Vladivostok, located in Russia’s Far East, hosted the 8th Eastern Economic Forum (EEF) from 12th to 13th September 2023 in an attempt to define further the development of this remote region. Since the beginning of the EEF in 2015, it has, until COVID-19 was followed by Russia’s own ‘special military operation’ in neighbouring Ukraine, the focus was largely on harnessing resources from the United States and Europe to the Far East region of the Russian Federation. Speeches and all kinds of remarks highly praised Western, European and Asia-Pacific participating countries and corporate enterprises under resonating themes

By Adedapo Adesanya The Director-General (DG) of the World Trade Organisation (WTO), Mrs Ngozi Okonjo-Iweala, and the President of Kenya, Mr William Ruto, will hold a discussion on positive climate growth, investment, and trade in Africa tomorrow (Tuesday, September 19). The conversation, hosted by the Africa Center in partnership with Global Citizen, Climate Action Platform Africa (CAP-A), and the Government of Kenya, will take place at The Africa Center at Aliko Dangote Hall in New York City. Speaking on the programme, Mr Uzodinma Iweala, CEO of The Africa Center, said the conversation was coming at a time when Africa is

By Kestér Kenn Klomegâh BRICS (Brazil, Russia, India, China and South Africa), a group of emerging market powers and one of the most popular organizations, seeks to approve African States into its fold and build on its existing economic and trade with other invited African leaders during the 15th summit in Johannesburg, South Africa. The BRICS members are meeting to deliberate on a broad range of important multiple issues, including new membership, common currency, various parameters of development and security and institutional architecture. More than 70 states are participating, including African leaders, while 23 States have submitted formal applications to

By Dipo Olowookere It is a common prayer in Yorubaland that may one be blessed with good children and for Chief Sehindemi Awe Olubiyi, who is at present with the Lord; he is definitely fulfilled to have left behind good children. On Friday, July 10, 2020, one of the notable financial analysts in Nigeria and contributors to Business Post, Dr Timi Olubiyi, was joined by his siblings, family members, friends and in-laws; including Senator Solomon Adeola, fondly called Yayi, to give his father a befitting burial. Some of the dignitaries who graced the funeral were the Lagos State Governor, Mr

By ‘Muyiwa Osifuye Just before a new financial year, many CEO or business owners may start becoming restless and apprehensive. You want to make effective business decisions for the New Year. You are not alone. This is irrespective of whether your organization has posted good financials in the outgoing year or not. The bulk stops at your table for the next cycle of things. You should desire a more successful outcome of the expectant year. I am going to take you through some basic steps you can take; to remove the cobweb of anxiety from your mind. Of course, here,

By Dipo Olowookere Nigeria’s Acting President, Mr Yemi Osinbajo, has flagged off the Lagos-Ibadan rail line, which he said would be completed before the end of 2018. Mr Osinbajo also disclosed that the standard gauge railway line would provide about 500,000 jobs. Explaining why the project was embarked on, the Acting President said it was to ease traffic gridlock in the area and help in the easy transportation of goods and persons. Mr Osinbajo described the rail line project as one very close to President Muhammadu Buhari’s heart, adding that it was part of the projects renegotiated by him with

By Jerome-Mario Utomi Recently, the Special Representative of the Secretary-General and Head of the United Nations Office for West Africa and the Sahel, Mahamat Annadif, said that the spate of insecurity afflicting Nigeria and other West African countries is a spillover of the Libyan crisis. As a solution, Annadif called for a regional approach to combat the security challenges in the region and pledged that the United Nations will help the Nigerian Army to overcome the insecurity in the country, as well as help profile the suspected terrorism financiers. Comparatively, while Annadif spoke in Abuja during a visit to the

By Modupe Gbadeyanka The Ministry of Petroleum Resources, in its scorecard for 2016 and outlook for 2017, has said that the Federal Government has approved the renewal of licenses for 17 marginal oil fields that expired in 2015. It also stated that it has, through the Department for Petroleum Resources (DPR), approved seven new field development plans, aimed at growing the country’s oil and gas output. Though the details of the affected marginal fields which licenses were renewed were not given, the DPR, in the document, said the approval for the extension was secured from the Federal Government in 2016.

By Ahmed Rahma President Muhammadu Buhari has commended the Vice President, Mr Yemi Osinbajo, for being a patient and cooperative politician. The President’s spokesman, Mr Garba Shehu, in a statement in Abuja on Sunday, stated that the President described his vice as “a reliable and dedicated deputy, who is not only admirably competent but also exudes confidence and passion in the performance of his job.” In a message to celebrate the Vice President on his 64th birthday on Monday, the President was further quoted as saying, “I’m proud to have selected Osinbajo as my running mate, and he has given

By Adedapo Adesanya The federal government intends to generate N10.7 trillion as revenue in the 2022 fiscal year, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed. Speaking during the public presentation and breakdown of the 2022 Appropriation Bill in Abuja, the Minister said this revenue target would be 32.1 per cent higher than the N8.1 trillion projected in 2021. Debt servicing, according to the bill, is expected to gulp N3.6 trillion. She further explained that the 2022 budget has a deficit of N6.3 trillion and will be financed from domestic, foreign, multi-lateral loans and proceed

By Ahmed Rahma Konga, Nigeria’s leading composite e-commerce giant, will be bringing together the biggest global brands in the market on its platform for a much-anticipated campaign known as Battle of the Brands. For the exciting campaign, which will kick off on Friday, March 26 and will run till Wednesday, March 31, 2021, amazing offers such as mouth-watering deals, unmatched discounts, daily flash sales, treasure hunts, free shipping and exclusive app-only deals are lined up for Konga’s customers. In a statement to announce the campaign, Mr Kenny Oriola, Vice President, Konga Online, said Battle of the Brands is a time for