Moody’s Acquires Majority Stake in Vigeo Eiris

By Kestér Kenn Klomegâh Russia, the largest country in the world by area, has a population of 147.2 million, according to the population census. In the 2021 census, it was said that roughly 81% of the population were ethnic Russians, and 19% of the population were ethnic minorities. Demographers say Russia has become increasingly reliant on immigration to maintain its population. Russia’s population is increasingly decreasing since the start of its invasion of neighbouring Ukraine in late February 2022. The demographic crisis has deepened primarily due to high military fatalities while simultaneously facing renewed brain drain and human capital flight

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 Adedapo Adesanya Former prime minister of the United Kingdom, Mr David Cameron, has returned to government as Foreign Secretary amid a fresh cabinet shake-up by Prime Minister, Mr Rishi Sunak, on Monday. Downing Street announced on Monday that Mr Cameron would join the government, accepting a peerage in order to do so, as part of a wider reshuffle in which Ms Suella Braverman was sacked as Home Secretary and replaced by the Foreign Secretary, Mr James Cleverly. Business Post also confirmed that Mr Jeremy Hunt would remain as chancellor. Mr Cameron stood down in 2016 after losing the Brexit

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 Adedapo Adesanya Nigeria alongside 210 other countries will benefit from $1.5 billion grants and loans that have been made available by the Federation of the International Football Association (FIFA) Relief Plan to support countries affected by the COVID-19 pandemic. The football governing body noted that the fund, which will be given through a system of combined grants and loans under strict compliance requirements, is meant for the football community including men’s and women’s professional, youth and grassroots football. This means each member association will benefit from $1 million grant to protect and restart football, and an additional $500,000 specifically

By Dipo Olowookere When a few days ago, the Central Bank of Nigeria (CBN) directed authorised foreign exchange (forex) dealers in the country to stop selling Dollars to importers of maize, many farmers jumped for joy. They were happy because like in the rice sector, where the ban on importation has been largely effective, this policy will most likely make them richer because of the possible rise in demand. But the Director of the Lagos Business School Agribusiness Programme, Dr Ikechukwu Kelikume, has warned that the policy may cripple the poultry industry, where relies on the commodity to feed their

By Dipo Olowookere Embattled leading Nigerian energy firm, Oando Plc, has reacted to the decision of the Securities and Exchange Commission (SEC) to cancel its Annual General Meeting (AGM) earlier scheduled to hold today. Yesterday, SEC announced the cancellation of the meeting on the basis of a court action taken by Oando last week. But Oando faulted this, saying the AGM was properly convened and saw no reason why its should be cancelled by the apex regulatory agency in the nation’s capital market. Oando stressed that SEC’s action was capable of affecting its image and said it would do everything

By Dipo Olowookere Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS), Mr Folashodun Adebisi Shonubi, has been appointed as Deputy Governor at the Central Bank of Nigeria (CBN). Mr Shonubi, who heads the financial payments, facilitation and settlement platform, was appointed by President Muhammadu Buhari on Friday. The platform headed by the appointee has been very instrumental to the growth in electronic payments in the Nigerian financial industry. A statement issued yesterday by the Presidency disclosed that the appointment of Mr Shonubi is subject to a confirmation by the Senate. Mr Shonubi is an expert in the financial

By Dipo Olowookere As part of efforts to meet the end of January 2017 deadline for the reopening of the Ladoke Akintola University of Technology (LAUTECH) in Ogbomoso, Oyo State, the state Governor, Mr Abiola Ajimobi, has disclosed that a total of N500 million has been earmarked to achieve this. Mr Ajimobi made this disclosure on Monday while addressing some students of the school, who staged a peaceful protest to his office in Ibadan. During his speech, the Governor said he had to suspend the State Executive Council meeting to address them because of his concern for their plight and

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has filed a suit again the Senate President, Mr Ahmad Lawan and Speaker of House of Representatives, Mr Femi Gbajabiamila, over their perceived failure to probe missing N4.1 billion funds from both arms of the legislature. In the suit filed at the Federal High Court in Abuja, on behalf of SERAP by its lawyers Mr Kolawole Oluwadare and Miss Kehinde Oyewumi, the national assembly leadership is being sued due to “their failure to probe, and to refer to appropriate anti-corruption agencies fresh allegations that N4.1bn of public money budgeted for

By Modupe Gbadeyanka Mr Josh Wade, an estranged lover of a Nigerian movie star, Empress Njamah, has reportedly released some private videos of the woman he formerly professed love to. Empress recently made a video where she claimed that Mr Wade, a Liberian, made her go through emotional torture in the relationship that lasted months. Starting and Managing a Profitable Catfish Farming Business in Nigeria She further alleged that while he was living in her apartment, the former loverboy made videos of her not putting on clothes, especially in the bathroom and had threatened to release them online. According to

By Adedapo Adesanya The Vice President, Mr Kashim Shettima, has said President Bola Tinubu is very passionate about empowering Micro, Small and Medium Enterprises (MSMEs) for the development of the nation’s economy. The VP spoke on Tuesday on the sidelines of the BRICS Trade Fair in Johannesburg, South Africa, during his tour of exhibition stands. “It is a known fact that the empowerment of the MSMEs is key to empowering our youth and women towards contributing to the nation’s economic development.” Speaking further about the commitment of President Tinubu towards empowering the MSMEs, he said “the President is a very