GE, Marinus Energy Plan Waste Gas to Power Plant in Ghana

By Adedapo Adesanya The African Development Bank Group (AfDB) and the ECOWAS Bank for Investment and Development (EBID) have signed an agreement for a dual currency line of credit comprising $50 million and €50 million to support local agricultural businesses in West Africa. The credit lines are expected to strengthen food security, economic growth, and employment generation. The President and Chairman of the Board of Directors of EBID, Mr George Agyekum Donkor and Mr Solomon Quaynor, AfDB Vice President for Private Sector, Infrastructure, and industrialisation, formalised the agreement during a signing ceremony at the bank’s headquarters in Abidjan, Côte d’Ivoire.

By Professor Maurice Okoli Over the past few years, African Union, the continental organization, has made intra-African trade its newest flagship and has created the Intra-African Trade Fair (IATF), which provides a unique and valuable platform for potential investors to support the continent’s transformation through industrialisation and export development, for businesses to access adequate trade and market information, and operate in an integrated single African market of over 1.4 billion people with a combined gross domestic product of over $3.5 trillion under the African Continental Free Trade Area (AfCFTA). Organized by the African Export-Import Bank (Afreximbank), in collaboration with the

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 Olubori Oduntan If information reaching us is anything to go by, it might be easier for a camel to go through the eye of a needle than Senator Attai Aidoko returning to the National Assembly in 2019. This is because youths in Kogi East Senatorial District, where he represents at the parliament, have rejected his re-election ambition as the 2019 general elections approach. They condemned the social media propagandists, who they said spin lies and launder the image of Aidoko for political make over for 2019. “Their propaganda reflects a depressed and despondent, sad, confused, and a lost generation

By Dipo Olowookere The first trading session of the new year, 2021, on the floor of the Nigerian Stock Exchange (NSE) started on a positive note on Monday, January 4. Business Post reports that the bourse closed 2.18 per cent higher during the session as a result of sustained interest in local equities by investors. All the sectors of the market closed in the green territory yesterday with the industrial goods index leading the pack, rising by 4.66 per cent at the close of trading activities. The insurance sector appreciated by 4.39 per cent, the banking space grew by 3.68

By Adedapo Adesanya Following a messy Super League affair, the Union of European Football Association (UEFA) is reportedly planning a bailout package valued at €6 billion to help European football recover from the impact of the COVID-19 pandemic. UEFA is putting the final touches, according to people familiar with the matter, as per a report by Bloomberg. The funding is part of a triple strategy proposed by the European football governing body, which will be detailed in the coming weeks, to help clubs after more than a year of stadium closures, as well as falling broadcast revenues. UEFA’s plan includes

By Adedapo Adesanya The Central Bank of Nigeria (CBN) will sell N821.8 billion worth of Treasury bills in the third quarter of 2020. This was revealed in the apex bank’s latest round of Nigeria Treasury Bills Issue programme released on June 4. During the period, from June to August, the apex bank will issue treasury bills worth N109.65 billion of 91 days tenor; N149.44 billion on 182 days; and N562.71 billion on 364 days. A breakdown of the programme revealed that in June, the apex bank plans to sell N105.6 billion worth of treasury bills comprising N3.8 billion worth of

By Dipo Olowookere Average yields on treasury bills slightly increased on Friday by 0.07 percent on the backdrop of a squeeze in system liquidity following funding for retail forex bids by banks. However, yields are expected to be relatively stable in the coming week, barring a discontinuance of the regular OMO auctions by the Central Bank of Nigeria (CBN). Yesterday, the treasury bills market traded on a flat note with some client interests witnessed on the 1-year 14-Feb bill issued in the previous day’s auction as market players have begun to price in a possible cut in PMA issuance following

By Dipo Olowookere Liverpool’s star player, Mohammed Salah, has been named the PFA Player of the year for the 2017/2018 season. The Egyptian clinched the coveted award after beating his rival, Kevin de Bruyne, who plays for Manchester City and Belgium. Mo Salah arrived Anfield this season from Roma and has had a wonderful season with the Reds, scoring 31 goals in the Premier League this season and 41 in all. He had earlier played for Chelsea, where he struggled to make a mark under Jose Mourinho before he was offloaded to Italy. He was voted for as the best

By Dipo Olowookere It is no news that roads in Lagos States are not the way they used to be during the administration of former Governor Babatunde Fashola, who is now the Minister of Works and Housing. In the immediate past government of Mr Akinwunmi Ambode, the roads became very bad that some motorists had to abandon their vehicles due to constant damage. When the present administration of Mr Babajide Sanwo-Olu came into office in May 2019, one of the first executive orders he signed was to address bad roads spread across the state. Though repairs have started on some

By Dipo Olowookere For the first time in over a decade, precisely in 14 years, shareholders of Wema Bank Plc will receive reward for their investment in the company. Last Friday, the financial institution released its earnings for 2018 and the board recommended the payment of cash dividend of 3 kobo per share to shareholders. However, this dividend payment is subject to approval of shareholders at the Annual General Meeting (AGM) later in the year. An analysis of the financial scorecard of Wema Bank indicated that the lender pushed its gross earnings up by 9.59 percent to N71.5 billion from