Tinubu Condoles Morocco King As Earthquake Kills Over 800

By Adedapo Adesanya Gabon has become the latest African country to experience a military takeover as military officers appeared on television on Wednesday night, announcing they were putting an end to the current regime and cancelling an election that saw President Ali Bongo Ondimba win another extension to his rule. Mr Bongo’s whereabouts are unknown, according to reports as of press time. While announcing the cancellation of the vote results, one of the officers said “all the institutions of the republic” had been dissolved. The address was read by an officer flanked by a group of a dozen army colonels,

By Adedapo Adesanya  The Vice President, Mr Kashim Shettima, has departed Abuja for Johannesburg, South Africa, to represent President Bola Tinubu at the 15th BRICS Summit of Heads of State and Government. BRICS, an acronym for Brazil, Russia, India, China and South Africa, is a group of five major emerging and developing economies. In a statement released on Monday by Mr Olusola Abiola, the Director of Information in the Office of the Vice President, it was stated that the VP would be joining other business and political leaders across the world at the summit scheduled for the Sandton Convention Centre,

By Adedapo Adesanya African Development Bank (AfDB) President, Mr Akinwumi Adesina, has called for investments in renewable energy in Africa, pointing out the continent’s rich energy mix. In his keynote address (on September 4) during a session on Harnessing Africa’s renewable energy potential’, held at the ongoing Africa Climate Summit in Nairobi, Kenya, Mr Adesina stressed that “Every economy can only go as far as the energy it produces.” Mr Adesina underlined Africa’s tremendous potential in energy—from hydro and wind power, solar, to geothermal—which remains untapped in the face of a staggering electricity deficit on the continent. Africa has an

By Kestér Kenn Klomegâh The Eastern Economic Forum (EEF) is held annually in cooperation with the Far East regional administration in the city of Vladivostok. Three years of COVID-19, followed by Russia’s ‘special military operation’ and the current geopolitical situation, have adversely affected this corporate business event, as Russia looks towards the East and makes the main focus on developing the Far East. Russian President Vladimir Putin said at the opening session that the government would not allow the pace of development to slacken in the Russian Far East as it is a strategic region for the country. “We will

By Ahmed Rahma In celebration of this year’s World Water Day observed on Monday, March 22, a leading financial institution, Heritage Bank, said it plans to assist a community in dire need of clean water with the installation of a borehole. To execute its plans, the bank has instituted a Corporate Social Responsibility’s (CSR) campaign project which, according to the lender, will be executed in two phases; the first involves nominations call for a community that is in dire need of water which will be put on its social platforms from March 22, 2021, till the next 30 days. The

By Adedapo Adesanya One of Nigeria’s golden generation poets, Prof John Pepper Clark-Bekederemo, is dead. The renowned writer breathed his last on Tuesday, October 13, 2020, at the age of 86. This was disclosed in a statement signed by Mr C. C. Clark and Mr Ilaye Clark on behalf of the family today. “The Clark-Fuludu Bekederemo family of Kiagbodo Town, Delta State, wishes to announce that Emeritus Professor of Literature and Renowned Writer, Prof. John Pepper Clark, has finally dropped his pen in the early hours of today, Tuesday, 13 October 2020. “Prof. J. P. Clark has paddled on to

By Dipo Olowookere Five companies trading their shares on the floor of the Nigerian Stock Exchange (NSE) have exited the Afrinvest Dividend Yield Index. The Afrinvest Div Yield Index is one of the indices developed to allow investors to follow market movements and properly manage investment portfolios. They were designed using the market capitalisation methodology and are rebalanced on a semi-annual basis on the first business day in January and in July. On Monday, January 4, 2021, the new review became effective and from the notice from the NSE obtained by Business Post, AIICO Insurance, Dangote Sugar, FCMB, United Capital

By Timi Olubiyi, Ph.D Globally, Small and Medium Enterprises (SMEs) are critical to the development of any economy as they possess great potentials for reducing poverty through employment creation and income generation. This sector also improves innovation, local technology, output diversification, development of indigenous entrepreneurship and forward integration with large-scale industries. Further to this, in Nigeria, many people work for these SMEs for subsistence. Therefore, the importance of SMEs is well recognized and documented in Nigeria. Regardless of the significant contribution to the economy, SMEs’ survival rate is significantly lower than that of large corporations. Unfortunately, SMEs in Nigeria have

By Adedapo Adesanya The West African Examinations Council (WAEC), on Monday, August 7, released the results of the 2023 West African Senior School Certificate Examination (WASSCE) it conducted for schools, with almost 80 per cent of the candidates recording success. The West African examination body declared that out of over 1.6 million students who sat for the exam, about 1,287,920 candidates, representing 79.81 per cent, obtained credits and above in a minimum of five subjects, including English Language and Mathematics. Nigerian tertiary institutions consider a minimum of five subjects, including English and Maths, as requirements for admission, mostly in one

By Dipo Olowookere Ebonyi State Governor, Mr David Umahi, has appealed to the United States government to assist his administration develop its agriculture and solid minerals sector. Mr Umahi made this plea when he received the US Ambassador to Nigeria, Mr Stuart Symminton in Abakaliki, the state capital. The Governor pointed to his guest that Ebonyi State is known for rice production, adding that the state is blessed with salt and limestone deposits. Mr Umahi said Ebonyi had huge agricultural potential as well as mineral resources, which were yet to be developed. He said his government would need America’s assistance

By Adedapo Adesanya The House of Representatives has passed a resolution mandating the Ministry of State for Labour to halt action on the planned January 2021 implementation of the Special Public Works Programme of the federal government. The reps passed this resolution at Tuesday’s plenary, saying the programme will not be implemented until a comprehensive list of beneficiaries from the Nigerian Directorate of Employment (NDE) is made available. Business Post had reported that under the programme, 774,000 Nigerians are expected to be recruited by the federal government from the N52 billion in the 2020 budget. A total of 1,000 persons