UN Urges Burkina Faso, Guinea, Mali to Restore Democracy

Image

By Adedapo Adesanya

The United Nations (UN) has called on the military juntas in the three West African nations of Burkina Faso, Guinea and Mali to hand power back to civilians as soon as possible.

The UN Secretary-General, Mr Antonio Guterres, made the call after meeting Senegalese President, Mr Macky Sall, in Dakar on Sunday.

He said they had agreed on the need to keep talking to the de facto authorities in all three countries to restore democracy in the country and swiftly return to “constitutional order”.

All three countries, struggling with a jihadist insurgency in the Sahel region and socio-economic problems including unemployment, have recently experienced military coups with Mali twice in August 2020 and May 2021; Guinea in September 2021; and Burkina Faso in January 2022.

Mr Sall is the current chair of the West African bloc – the Economic Community of West African States (ECOWAS), which has suspended all three countries from its membership.

ECOWAS imposed heavy sanctions against Mali in January after the regime there rejected a rapid return to civilian rule.

It has threatened similar sanctions against Guinea and Burkina Faso if they fail to enable a swift transition to civilian rule within a “reasonable” timeframe.

But the military regimes in both countries rejected the timetable set out by ECOWAS.

Last Monday, the Burkinabe junta said they had no plans to shorten the three-year transition period they had already announced.

On Saturday evening, Guinea’s junta leader Colonel Mamady Doumbouya said he had opted for a 39-month transition period to civilian rule.

The decision was roundly condemned Sunday by opposition leaders in Guinea, including both the party of the ousted president Alpha Conde and opposition groups that had opposed him.

The regime in Mali is also continuing to defy ECOWAS pressure even after being hit with sanctions.

On April 21 it announced the launch of a two-year transition “process” before elections are held.

ECOWAS had called for elections within 16 months at the most.

Share
Related Stories
Image
06-September-2023

Adesina Seeks More Investment in Africa’s Renewable Energy

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

Image
07-September-2023

The 6 Most Essential Kilimanjaro Stuff Things

In the event that you’ve seen our stuff show, you realize there are heaps of things on it. The rundown contains discretionary, suggested and required things. However the expected things are required, there are things that are more critical than others with regards to your security, solace, and achievement. In this article we examine the 7 most significant things on the Kilimanjaro gear list. For more information check Africa Joy Tours  With regards to choosing these pieces, you need to be particularly careful that they will finish the work. Knit cap You might have heard the familiar maxim that you

Image
08-September-2023

Global Food Prices Record Fall in August 2023

By Adedapo Adesanya The prices of food globally dropped to 121.4 points in August, 2.1 per cent lower than the 123.5 points from July, reversing the rebound registered last month and pushing the index as much as 38.3 points (24.0 per cent) below its peak reached in March 2022. This is according to the latest figure by the Food and Agriculture Organisation (FAO) on Friday, which showed that the drop reflected declines in the price indices for dairy products, vegetable oils, meat and cereals, while the sugar price index increased moderately. The FAO Cereal Price Index averaged 125.0 points in

More Stories
Image
28-January-2019

Five Stocks to Likely Consider This Week

By Modupe Gbadeyanka It is a new week, which provides new opportunities for investors as we draw closer to the much-anticipated 2019 general elections in Nigeria. For the past two weeks, the market has surpassed expectations of observers and analysts, closing in the green territory. The sudden return of foreign portfolio investors into the local market has continued surprise many. Business Post analysts observe that one key issue that may weigh in on the Nigerian Stock Exchange (NSE) this week might be the suspension of the Chief Justice of Nigeria (CJN), Mr Walter Onnoghen, by President Muhammadu Buhari. The suspension

Image
22-June-2018

Five Foods To Eat When You Are Constipated

Adeniyi Ogunfowoke Chances are you’ve experienced constipation at one point or another. If the problem is more than occasional or includes severe pain or bleeding, it’s important to check it with your doctor, as these symptoms can be a sign of a more serious digestive disorder. But in most cases, constipation is just a sign that your diet needs more fibre and likely fluid as well. Watermelon Watermelon doesn’t have a lot of fibre, but it’s 92% water, and that can encourage a bowel movement. It’s also full of nutrients, with antioxidants that help protect your cells, as well as vitamins A,

Image
11-July-2020

NSE: 13 Stocks Grow All Share Index by 0.12%

By Dipo Olowookere The All Share Index (ASI) of the Nigerian Stock Exchange (NSE) grew on Friday by 0.12 per cent or 29.8 points to settle at 24,306.36 points as against Thursday’s 24,276.56 points. This was as a result of the gains printed by 13 equities, mostly large-cap stocks, which overshadowed the losses reported by nine shares. The rise in the share prices of the 13 stocks increased the market capitalisation of the exchange by N16 billion to N12.680 trillion from N12.664 trillion. At the last trading day for the week, MTN Nigeria led the gainers’ log with a price

Image
07-January-2021

Crude Oil Maintains Upward Movement Amid Crisis in US

By Adedapo Adesanya Oil prices continued their ascent on Wednesday as the Energy Information Administration (EIA) reported a crude oil inventory draw of 8 million barrels for the last week of 2020. Also, the invasion of the Capitol by supporters of President Donald Trump of the United States of America (USA) could not bring down the value of the commodity. As at the time of filing this report, the price of the Brent crude was up by 57 cents or 1.06 per cent to $54.17 per barrel, while the US futures, West Texas Intermediate (WTI) crude, appreciated by 55 cents

Image
06-January-2017

FG, FECA Train 500 Unemployed Graduates in Farming

By Dipo Olowookere Federal Government has collaborated with the Federal College of Agriculture, Akure (FECA) to train over 500 unemployed graduates across 16 states of the country to serve as mentors for future generation of farmers. Provost of the College, Dr Samson Odedina, who noted that they are the future of agriculture in the country, disclosed this recently at the opening ceremony of the five-day vocational training in modern agriculture on the campus. According to him, “This present training is being held in tandem with our mandate to support government interest and investment in agriculture, which centres on job creation

Image
19-April-2018

SunTrust Bank Nigeria Gets Two Industry Certifications

By Modupe Gbadeyanka Two certifications have been granted to SunTrust bank Nigeria Limited, indicating the premium place on high operational standards by the financial institution. Business Post gathered that the lender was awarded ISO/IEC 20071:2013 Certification by the Professional Evaluation and Certification Board (PECB) Canada, a certification body and leading organization in audit management, systems and processes. It was also given the payment card industry data security standard (PCIDSS) certification by Digital Jewels, an Information Value Chain Consulting and Capacity Building Firm with a focus on IT Governance, Risk & Compliance and deep competencies in Information Security, Information Assurance, Project

Image
05-March-2019

Nigeria’s Economy to Further Face Downside Risk—Fitch

By Dipo Olowookere Global rating company, Fitch, has disclosed that top economies in the sub-Saharan region, which include Nigeria, face significant constraints due to poor economic environments and political obstacles. In its African Monitor report obtained by Business Post, the rating agency said “reform momentum has stalled in Nigeria, largely owing to political constraints which we expect to remain elevated leading up to and after the February 2019 presidential race.” Commenting on the nation’s economy, Fitch said, “Although growth increased in Q318 compared with the previous quarter, Nigeria’s economic recovery remains tepid and will continue to face downside risks over

Image
06-October-2021

Buhari Assures Nigeria’s Full Support for South Sudan

By Ashemiriogwa Emmanuel President Mohammed Buhari has said that Nigeria is always ready to extend helping hands towards South Sudan on grounds of political and economic stability. The President made the assurance at a bilateral meeting with President Salva Kiir of South Sudan on Tuesday, offering the full support of Nigeria to all efforts to bring long-term stability and prosperity to the continent. According to him, there is a need for developing countries to cooperate in terms of investments in education, improved economy, and healthcare, which will definitely lead to improvement in so many areas. Speaking with the South Sudanese

Ad
Ad
Recent Stories
Image
26-September-2023

NGX Performance Indices Drop 0.66% on Access Holdings’ Disappointing Interim Dividend

By Dipo Olowookere The Nigerian Exchange (NGX) kicked off the first trading session in the last week of the third quarter of the year on a negative note, with the key performance indices going down by 0.66 per cent on Monday. This was partly caused by the reaction of investors to the 30 Kobo interim dividend declaration of the board of Access Holdings Plc. A few days ago, its peer, UBA Plc, raised its interim dividend payment by 150 per cent to 50 Kobo and it was expected that Access Holdings would follow the same path. However, the company disappointed

Image
25-September-2023

Nigeria’s Internet Speed Averages 25Mbps

By Bliss Okperan Nigeria’s internet speed averages 25 megabits per second (Mbps), according to data from Surf Shark, a cybersecurity company focused on developing humanised privacy and security solutions. The ranking, contained in the 5th annual (Digital Quality of Life Index (DQL), showed that the country dropped two places to 7th from 9th within the last two years. A quick average analysis shows that at an average of 25 Mbps, Nigeria is far from the world’s fastest fixed internet Singapore, which is 300 Mbps and is ahead compared to the slowest fixed internet in the world, Yemen, which is 11

Image
25-September-2023

Bello Sacks Special Adviser Anthony Ogah

By Bliss Okperan The Kogi State Governor, Mr Yahaya Bello, has ordered the immediate removal of his Special Adviser on Stakeholders Relations, Mr Anthony Ogah. A statement issued on Monday by the Secretary to the Government of the state, Ms Folashade Ayoade, confirmed this development, though it did not state the reason surrounding the sacking of the Governor’s aide. However, it was disclosed that the termination of Mr Ogah’s appointment was with effect from Sunday, September 24, 2023. He has been directed to submit all government items. “In light of this press release, Mr Anthony Ogah is instructed to promptly

Image
25-September-2023

ASUU President Warns High School Fees Could Lead to Future Crisis

By Bliss Okperan The National President of the Academic Staff Union of Universities (ASUU), Prof Emmanuel Osodeke, has warned the rising school fees of tertiary institutions in Nigeria could backfire in the future if nothing is done by the federal government to stop it. Speaking on Channels TV Sunday Night, the union leader said in two years’ time, about 40 to 50 per cent of students in universities across the country could drop out of school because of their inability to pay the high fees. The don urged the federal government to stop the arbitrary increment in school fees by

Image
25-September-2023

Adelabu Calls for Collective Efforts Towards Nigeria’s Energy Sector

By Adedapo Adesanya The Minister of Power, Mr Adebayo Adelabu, has called for collective efforts to shape the energy sector in Nigeria, noting that no meaningful economic growth can be achieved without it. Mr Adelabu said this at the Nigeria Energy 2023 leadership summit recently held in Lagos, with the theme Unlocking new value with reforms, investments, and technology which saw in attendance industry leaders. The Minister said, “Energy is the lifeblood of any modern economy of which Nigeria is no exception. No meaningful economic growth or industrial development can be achieved without energy. “We can be talking of potential

Image
25-September-2023

NASD OTC Bourse Extends Green Run by 0.41% in Week 38

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange continued its weekly positive run as it extended its gains by 0.41 per cent in the 38th week of trading in this year. The bullish posture was supported by the improvements in the share prices of six companies admitted to the alternative stock exchange in Nigeria. This increased the NASD Unlisted Securities Index (NSI) by  2.30 points from 805.65 points in the previous week to 808.95 points, as the market capitalisation of the bourse was relatively unchanged on a week-on-week at N1.140 trillion. Food Concepts Plc led the price gainers’ after

Image
25-September-2023

Cardoso Must Clear FX Backlog, Create Autonomous Forex Window—CPPE

By Adedapo Adesanya The Centre for the Promotion of Private Enterprise (CPPE) has called on the newly appointed Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, to clear the backlog of foreign exchange as well as guarantee another recapitalisation in the banking sector. “The clearance of the backlog of forex obligations should be accorded high priority to restore the confidence of domestic and foreign investors,” the Managing Director of CPPE, Mr Muda Yusuf said in a press statement titled Ten Point Agenda For The CBN Governor, released over the weekend. Mr Cardoso and four new deputies on

Image
25-September-2023

Universal Insurance, Oando, UBA Emerge Busiest Stocks in One Week

By Dipo Olowookere The trio of Universal Insurance, Oando and UBA were the busiest stocks on the floor of the Nigerian Exchange (NGX) Limited last week, trading 2.212 billion units valued at N8.907 billion in 7,593 deals, contributing 56.56 per cent and 29.32 per cent to the total trading volume and value, respectively. In the week, investors transacted 3.911 billion shares worth N30.379 billion in 38,536 deals versus the 2.933 billion shares worth N47.449 billion exchanged in 44,654 deals in the preceding week. Financial stocks dominated with 2.774 billion units valued at N15.241 billion in 16,379 deals, contributing 70.92 per

Image
25-September-2023

Premiere Academy Student Emerges FCT’s Best Female Chess Player

By Aduragbemi Omiyale A student of Premiere Academy, Lugbe, Abuja, Miss Sonia Nwakanma, has retained her position as the Best Female Chess Player in the Federal Capital Territory (FCT) for the third year running. She clinched the latest accolade she first picked in 2021 at the prestigious Abuja Inter-School Chess Competition, rated by the World Chess Federation (FIDE) and the Chess Players Association of Nigeria (CPAN). Miss Nwakanma, who is a member of the 2023 graduating set of the school, attributed her achievement to her school’s robust in-house sports and personal development facilities that offer students opportunities to compete with

Image
25-September-2023

Nigeria Risks Shortage of Fertilisers as EU Frustrates Supply

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six