India Historically Lands Spacecraft Near Moon’s South Pole

By Kestér Kenn Klomegâh South Africa prepares to host the African Growth Opportunity Act (AGOA) forum to review critical challenges and obstacles adversely impacting trade opportunities and economic cooperation between the United States and Africa. The United States first introduced the African Growth and Opportunity Act (AGOA) in 2000. It is the 20th AGOA forum scheduled from November 2 to 4 in Johannesburg, South Africa. The AGOA Trade and Economic Cooperation Forum seeks to expand and deepen trade and investment relationships between the United States and Sub-Saharan Africa. It also encourages regional integration and further reaffirms Africa’s position as a

By Kestér Kenn Klomegâh The World Bank has approved a $1 billion loan to support South Africa’s energy sector which is currently experiencing worse conditions including inadequate funds for overhauling, renovation and upgrading. Energy experts believe that the World Bank’s loan, which seems the last resort, would pull South Africa out of its persistent energy crisis that has adversely hit industrial production. The energy problem has forced the country to lean on its highly polluting coal-fired power stations and consistent difficulties of generating enough electricity for its 62 million people. The state-run power utility, Eskom, generates approximately 80% of the

By Adedapo Adesanya Three scientists will share the Nobel Prize in Physics as the Royal Swedish Academy of Sciences recognised Pierre Agostini, Ferenc Krausz and Anne L’Huillier as this year’s recipients for experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter. The three Nobel Laureates in Physics 2023 were recognised for their experiments, which have given humanity new tools for exploring the world of electrons inside atoms and molecules. BREAKING NEWSThe Royal Swedish Academy of Sciences has decided to award the 2023 #NobelPrize in Physics to Pierre Agostini, Ferenc Krausz and Anne L’Huillier

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 The price of Brent crude oil grade slid below $80 per barrel on Wednesday, as it went down by $2.07 or 2.5 per cent to $79.54, its lowest level in more than three months on concerns over waning demand in the US and China. Also, the US West Texas Intermediate (WTI) crude oil grade fell by $2.04 or 2.6 per cent to $75.33 per barrel, also its lowest price since mid-July. According to analysts, the market is clearly less concerned about the potential for Middle Eastern supply disruptions and is instead focused on an easing in the

By Modupe Gbadeyanka Although Africa’s growth has slowed, the long term fundamentals are strong, big business opportunities lie ahead and the overall outlook is positive. These facts are contained in the latest McKinsey Global Institute Report just released today titled, Lions on the Move II: Realizing The Potentials of Africa’s Economy. According to the MGI’S new report, four fundamentals are likely to underpin Africa’s economic growth.  Firstly, Africa has the fastest urbanization rate in the world. Over the next ten years, 187 million more Africans will live in cities—equivalent to half the US population today. Secondly, it has the biggest

By Kestér Kenn Klomegâh At the 12th Extraordinary Summit on Industrialization and Economic Diversification and the Extraordinary Session held in Niamey in late November, the African Export-Import Bank offered an instrumental report about the pace of economic diversification and industrialization across Africa. It was one among several review reports dealing with the present and the future of Africa. In the first place, the African bank offers strong financial support, engages in external fundraising campaigns and collaborates with the African Union and the AU members. Beyond that, the bank gives advisory services relating to the development of various economic sectors, all

By Ndem Nkem Money makes the world go round! You are made to realize how authentic the cliché phrase actually is after you have graduated from college or university, forced to join the labour markets and stroll the boulevards of Nigeria’s challenging economy. On the bright side, you are finally entering the early stages of your career and you are getting paid for your time rather than paying for classes, but then, there is also the false sense of mega wealth that comes with the new income, making it super difficult to manage spending. At Jumia Travel, we love young

By Adedapo Adesanya CitiTrust Holdings Plc played the central role in lifting the National Association of Securities Dealer (NASD) Over-the-Counter (OTC) Securities Exchange by 0.05 per cent on Thursday, August 11. This raised the NASD market capitalisation by N550 million yesterday to N1.007 trillion from the previous day’s N1.006 trillion as the NASD Unlisted Securities Index (NSI) went up by 0.41 points to wrap the session at 765.28 points compared with 764.87 points of the previous session. On Thursday, the stock price of CitiTrust Holdings Plc rose by 55 Kobo to N11.90 per share from the N11.35 per share it

By Adedapo Adesanya The Naira ended the midweek session stronger against the US Dollar at the parallel market as it gained N5 to close at N485/$1 compared to the previous rate of N490/$1. At the same segment, the domestic currency also appreciated by N5 against the Pound to wrap the day at N635/£1 as against N645/£1 of Tuesday but lost ground against the Euro as the session by N5 to close at N580/€1 versus N575/€1 it was traded a day earlier. Recall that the Naira had dropped to a low of N500/$1 as regulated channels could not clear their backlog

By Ahmed Rahma The former Registrar and Chief Executive Officer of the Joint Admission and Matriculation Board (JAMB), Professor Dibu Ojerinde, has been arrested by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over alleged N900 million fraud. A statement issued on Wednesday by the spokesperson of the agency, Ms Azuka Ogugua, disclosed that Mr Ojerinde was apprehended on March 15, 2021, in Abuja. It was alleged that the former head of the examination board committed multiple frauds while heading JAMB and the National Examination Council (NECO). Mr Ojerinde was appointed Registrar of NECO in 1999 and he

By Dipo Olowookere Managing Director of DDB Lagos, Mr Ikechi Odigbo, has been elected as President of Association of Advertising Agencies of Nigeria (AAAN). Mr Odigbo emerged leader of the association at the 45th Annual General Meeting/Congress held from Thursday, July 19 to Saturday, July 21, 2018 at the Park Inn by Radisson in Abeokuta, Ogun State. Before now, he was the Vice President of AAAN. Also at the election held on Saturday, former Publicity Secretary of the association, Mr Steve Babaeko, defeated his opponent, Mr Yomi Johnson, the former Culture Communications Director of AAAN, to clinch the position of