Security Council Condemns Fighting in South Sudan

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By Adedapo Adesanya In an unprecedented response to the devastation caused by the recent earthquake in Morocco, Binance, through its charity arm, has announced plans to airdrop up to $3 million in Binance Coin (BNB) to Binance users identified as living in the areas affected by the tragedy. Last Friday, a 6.8 magnitude earthquake struck Marakkesh in the North African country and has left close to 3,000 dead, with at least 2,500 injured and a host of others missing. In the aftermath of natural disasters, people often lose access to traditional banking at the exact moment when extra funds are

By Adedapo Adesanya A new insight has shown that 20 out of 54 African countries have restricted internet access amid elections since 2015. According to Surfshark’s Internet Shutdown Tracker, over the last eight years, 30 countries and territories in the world have restricted the internet amid elections, affecting 2.3 billion people globally. It found that out of these countries, 20 of them were on the African continent, including the most recent in Zimbabwe and Gabon; both countries held elections in August and restricted internet access. The survey found that out of the 20 countries that have restricted internet during elections since

By Modupe Gbadeyanka Contestants representing Osun and Lagos States have moved on to the semi-finals of the on-going 2017 Cowbellpedia Secondary Schools Mathematics TV Quiz Show sponsored by Cowbell, the flagship brand of Promasidor Nigeria Limited. In the fourth preliminary stage contest last weekend, Hezekiah Ilesanmi of Bibo Oluwa Academy, Osun State moved onward to the semi-finals of the Junior category, while Emmanuel Mebude of Ogunlade Secondary School, Surulere put Lagos State up in the Senior category. Ilesanmi and Ayomiposi Adeleye of Federal Government College, Suleja, Niger State, finished ahead of Cynthia Monyei of Good Shepherd Comprehensive High School, Meiran,

By Dipo Olowookere The management of FBN Holdings Plc has said there are serious considerations for selling off its stake in its insurance business. FBN Holdings has majority shares in FBN Insurance Limited with Sanlam Limited controlling the minority stake at a ratio of 65:35. On Wednesday, FBN Holdings said it was having discussions with Sanlam on the possibility of transferring its 65 percent to the private company. It explained that this was in line with the organisation’s strategic objectives. It further said the regulators, including the National Insurance Commission (NAICOM) and the Securities and Exchange Commission (SEC) are being

By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Association of Distributors and Transporters of Petroleum Products (ADITOP) have urged their members not to sell Premium Motor Spirit (PMS) above N165 per litre. This is coming after some members of IPMAN in Lagos urged their members to sell fuel above N180 per litre. Yesterday, the IPMAN National President, Mr Chinedu Okoronkwo, said his members earlier briefed him on why they wanted a price hike. Mr Okoronkwo said that the federal government had released enough fuel from their depot which enabled them to maintain the status quo. He

By Dipo Olowookere The government of Akwa-Ibom State has been urged to urgently address the security situation in the Eket area of the state so as not to completely ground business activities in the town. This appeal was made by a group known as the Eket Business Forum on Monday through its leader, Mr Dominion Akpan. Mr Akpan noted that the increasing rate in crime in Eket was already scaring away business owners and potential investors. According to him, the recent abduction of ExxonMobil workers, incessant cultism, protests, and other security concerns has made Akwa Ibom’s second largest city no

By Modupe Gbadeyanka The Oyo State Universal Basic Education Board (Oyo SUBEB) has stressed that it has not started its recruitment process, warning job seekers to be careful of those claiming to be the board’s agents and promising them a slot in the state’s civil service. The Chairman of the organisation, Mr Nureni Adeniran, gave this warning in a statement to alert members of the public of those perpetrating recruitment scams with the sole intent of defrauding the innocent public. He distanced the agency from the purported list circulating on social media, advising the public to be vigilant and never

By Dipo Olowookere Expo 2020 Dubai has unveiled plans to appoint 70 official licensees for a range of official retail products from next year, with around a third targeted at small or medium sized enterprises (SMEs). The mega event will accept tenders for more than 5,000 unique products that will be sold at a dedicated 3,000 square-metre ‘Superstore of the Future’ on the Expo site, the flagship outlet of a wider retail network. Additional Expo 2020 Dubai outlets will be opened across the UAE in the run-up to its opening in October 2020, along with a dedicated online store. The

By Dipo Olowookere Yield on the one-year treasury bills depreciated by 0.11 percent at the secondary market on Tuesday to settle at 12.13 percent, Business Post is reporting. It was observed at the market yesterday that the yields went down for most maturities tracked amid renewed bullish activity in the secondary market. Apart from the 12-month instrument, which suffered a reduction in its yields, other maturities which experienced the same fate were the 3-month and six-month. Only the one-month tenor recorded an increase on its yield, appreciating marginally by 0.04 percent to finish at 9.80 percent at the close of

It is no secret that the Nigerian economy is in crisis. In the last six months, the official Nigerian currency, Naira, has fallen by almost 50% and there has been an increasing change in the price of goods and services. With pay increases lagging behind and the inflation soaring, the wallet of most Nigerians continue to take a beating as the cost of living increases in just about every aspect of daily life. Jumia Travel, Africa’s No.1 online hotel booking portal, lists the top 5 ways the crisis is affecting the everyday life of Nigerians. Decreased job opportunities From prospective