Jack Ma Sends Second Batch of Supplies to Nigeria, Others

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 Amid heightened criticisms and intense debates over several significant global issues including new financial architecture, economic diversification, growing debts and reforms, the International Monetary Fund (IMF) and the World Bank, on October 15 wrapped up their week-long annual meetings held under the theme “Global Action, Global Impact” in Marrakesh, Morocco in North Africa. With the rapid geopolitical changes, it featured prominently finance ministers and central bank governors from 190 countries in desperate search of comprehensive mechanisms and suitable approaches to address the prevailing economic crisis across the globe. The coordinated annual meetings also reviewed its scope

By Adedapo Adesanya A cross-border fintech company, Grey, has embarked on a significant global brand rebranding initiative, revealing a fresh logo and website design as part of moves to expand its footprint in the global market. The company’s transformation was unveiled on its social media platforms on Monday, November 27, 2023, and follows closely on the heels of Grey celebrating a milestone achievement of surpassing 500,000 users. Grey, which was founded in mid-2020 by Mr Idorenyin Obong and Mr Femi Aghedo, aims to leverage this fresh identity to reach a broader audience and solidify its international presence. The updated brand

By Modupe Gbadeyanka In a bid to ease the huge pressure on the Naira at the foreign exchange market, the Central Bank of Nigeria (CBN) has released new policy actions aimed at achieving this goal. In recent times, the Naira has performed woefully against the Dollar, exchanging at N522 per Dollar at the moment. In the new policy, the apex bank said it is providing direct additional funding to banks to meet the needs of Nigerians for personal and business travel, medical needs, and school fees, effective immediately. The CBN said it expects such retail transactions to be settled at

By Adedapo Adesanya The World Bank Group has disclosed that it will have COVID-19-related projects in 100 countries by the end of April. President of the institution, Mr David Malpass, said this while giving his address at the International Monetary and Financial Committee (IMFC) virtual meeting. Mr Malpass said that the world bank had been focused on taking fast and broad-based action, especially for the poorest countries during the current global pandemic. He said that the bank was taking steps to provide unprecedented financing to help countries respond to the crisis. “The World Bank Group has been focused on taking

By Adedapo Adesanya The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has cleared the air regarding recent reports on the transfer of funds to the Joint Tax Board (JTB) by the Federal Inland Revenue Service (FIRS) under the erstwhile chairman, Mr Muhammad Nami, for the tax reform committee. In a statement on Friday, he revealed that N5 billion was paid to the board to fund activities of the team set up by President Bola Tinubu, noting that “The committee’s budget includes provisions for a national Data for Tax project which the JTB had been

By Dipo Olowookere In a bid to increase user engagement and make its online platform mobile friendly, the Nigerian Stock Exchange (NSE) has upgraded its website, www.nse.com.ng. The new platform comes with a cleaner layout and navigation​n befitting of the brand already built by the stock market regulator. According to the NSE, the upgraded website will enable users to access information quickly and easily on the various products and instruments that are listed and traded on the regulated market. CEO of the NSE, Mr Oscar Onyema, while commenting on the development, stated that the upgrade was in line with the

By Modupe Gbadeyanka Residents of Abuja interested in knowing more about Islamic Estate Planning will have the opportunity to get expert opinions on the topic this weekend. This is because FBNQuest Trustees, a subsidiary of FBN Holdings Plc, is organising an Islamic estate planning clinic in the nation’s capital on Saturday, March 19, 2022. A statement from the organisation said the event, which is “strictly by invitation,” will take place at Fraser Suites located on Plot 294, Leventis Close, Central Business District, Abuja. Participants will have knowledge about the importance of estate planning in line with Islamic law as speaker

By Dipo Olowookere In May 2019, leading telecommunications firm in Africa, MTN Nigeria Communications Plc, finally listed its shares on the Nigerian Stock Exchange (NSE) after years of dragging. The exercise was done through listing by introduction. However, it was not without controversies as the company was accused of deliberately hoarding the stocks to create an artificial scarcity at the market. For some days, retail investors were unable to get hold of the ‘priced’ equities because holders of the stocks when it was listed at N90 per share refused to let go. This caused the share price to rise at

The iGaming world growth opened the doors for many online casino sites in Australia to offer players fast and secure transactions. Aussies today enjoy numerous methods, from the “old but gold” credit and debit cards to the newest ways—crypto and NFTs. With so many options on the table, it’s important that players distinguish the good and the bad and choose a payment method that is tailored to their needs. That’s why our team created the following list of the most popular payment methods in the online gambling world today. Credit and Debit Cards The most popular payment methods for online

By Adedapo Adesanya After widespread protests and demands calling for the scrapping of the Special Anti-Robbery Squad (SARS) and the reformation of the Nigeria Police Force, a presidential panel set up by the federal government for the purpose, has accepted the five-point demands of the #EndSARS protesters. This was disclosed by Mr Femi Adesina, spokesperson to President Muhammadu Buhari, in a statement released on Tuesday in Abuja. Following the massive protests, which garnered attention from around the country and the world, the Inspector-General of Police (IGP), Mr Mohammed Adamu, had on Sunday announced the disbandment of the SARS unit but