Micron to Develop On-Site Cannabis Waste Digesters

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 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 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  The Naira wrapped the week pulling another gain against the Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Friday, January 10, 2020. At the previous session on Thursday, the Naira gained N1.01k to close at N362.80 per Dollar and on Friday, the gains were extended by 0.06 percent or 20 kobo to trade at N362.60/$1. The strong performance of the local currency came despite rise in the volume of transactions recorded at the forex window. The turnover for the day was $766.00 million, higher than $87.10 million printed on Thursday,

By Ashemiriogwa Emmanuel An indigenous airline operator, Air Peace, has become the exclusive airline sponsor of the Nigerian football national teams after signing a deal with the Nigeria Football Federation (NFF). The sponsorship agreement is worth N300 million in cash and value-in-kind and is renewable every four years, a statement issued on Wednesday disclosed. The president of the NNF, Mr Amaju Pinnick, said the four-year deal is fund-based and will be “ploughed back to the players as it is a huge impact on them,” adding that it is valued at N300 million and the cash component is N200 million. “The

By Cowry Asset In the just concluded week, the Nigerian Naira appreciated week-on-week (w-o-w) against the US Dollar at the Investors & Exporters Forex Window (I&E FXW) by 0.18 percent to close at N362 amid 51.54 percent w-o-w increase in turnover to $738 billion at the I&E FX Window as at Thursday, August 10, 2018. However, the local currency remained unchanged against the US Dollar at the Bureau De Change (BDC) segment and the parallel market to close at N357/$ and N360/$ respectively as the Central Bank of Nigeria (CBN) sustained its special intervention. Also, Naira/Dollar rate closed flat at

By Adedapo Adesanya Schneider Electric, a global leader in digital energy management solutions, recently held an event for its valued partners with a focus on industry trends, challenges, and the future of energy management. The event provided a platform for attendees to network and share critical insights, including the latest market trends and Schneider Electric’s newest offerings in energy management. Present at the event were the Country President, Schneider Electric, West Africa, Mr Ajibola Akindele, official distributors, retail partners, panel builders, Marketing and Communications Manager, Schneider Electric, Omobolanle Omotayo, Channel Sales Director, Schneider Electric, Nurudeen Oyedeji, amongst others. It featured

By Dipo Olowookere Shareholders of BUA Foods Plc will receive a higher cash reward for the 2022 financial year because the board of the organisation has proposed a higher dividend for the reporting year. BUA Foods recently released its financial statements for 2022, and a dividend of N4.50 was declared, higher than the N3.50 paid to investors in the 2021 fiscal year by about 29 per cent. This occurred after the company recorded a 38 per cent improvement in its profit before tax at N107.2 billion in the year under review compared with the N77.5 billion reported a year earlier,

By Dipo Olowookere The sum of N27,000 was on Tuesday approved as the new minimum wage for workers in Nigeria by the National Council of State. This is N3,000 lower than the amount approved last month by a tripartite committee set up by federal government to review the wage. The council held its first meeting for 2019 today and was attended by key government officials as well as former presidents of the country, including Mr Olusegun Obasanjo, who criticised President Muhammadu Buhari via a letter on Sunday. However, after today’s meeting, Minister of Labour and Employment, Mr Chris Ngige, assured

By Dipo Olowookere Shareholders opposed to the delisting of 11 Plc (formerly known as Mobil Oil Nigeria) will receive N213.90 for each of the company’s stock in their possession. Mobil Oil is planning to end its almost three decades’ relationship with the Nigerian Stock Exchange (NSE). According to its profile on the exchange, the energy firm joined the NSE on July 25, 1991, affording it the opportunity to attract retail and institutional investors. But like the popular saying, ‘whatever has a beginning must have an end,’ Mobil Oil is leaving. Last year, shareholders of the company voted to leave the

By Adedapo Adesanya Top Nigerian ride-hailing company, Gokada, has launched a new mobile application that will allow its customers to use its e-commerce and food delivery services under a single platform. In addition, the company is also planning to resume its bike transportation services in cities in Ogun and Oyo States, where commercial motorcycles riders are still allowed to operate. Last year, the firm diversified into logistics (Gsend) and food delivery services (GShop) after the Lagos State government under Mr Babajide Sanwo restricted the use of motorcycles in the state in January. In a statement released on Tuesday, the company