US Govt Lauds Ghana’s Increased Efforts to Combat Human Trafficking

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By Kestér Kenn Klomegâh South Africa hosts the 15th BRICS summit in Johannesburg. Russian President Vladimir Putin is participating, not in person, but this time only online. Historically, he has, a number of times, paid official working visits to South Africa. During these past two decades, he has held high-level talks, at different times, with Thabo Mbeki, Jacob Zuma and Cyril Ramaphosa. Russia and South Africa have unlimited opportunities to develop mutually beneficial economic partnerships. For instance, in early September 2006, Vladimir Putin and Thabo Mbeki discussed the outlook for improving bilateral economic ties with representatives of the two countries’

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 Dipo Olowookere The Economic and Financial Crimes Commission (EFCC) has appealed to the World Bank Group for the sum of $42.12 million to enable it use for the completion of its permanent site in Abuja. Acting Chairman of the EFCC, Mr Ibrahim Magu, disclosed that the approval of the money would go a long way in enabling the agency achieve more successes. Mr Magu said at the moment, the EFCC carries out its operations in rented offices scattered around town, exposing the commission to risk of confidentiality and coded surveillance by outsiders. The EFCC boss, while receiving the Director

By Modupe Gbadeyanka A partnership to allow its members enjoy free digital TV subscription has been signed by Jumia Nigeria, a leading e-commerce platform in Africa. The deal was signed with foremost digital entertainment provider, IrokoTV and will enable Jumia Prime members benefit from it. Jumia Prime, launched in June 2019, is a membership programme that gives access to a range of digital services and offers from Jumia. Designed for the frequent shoppers, Jumia Prime eliminates shipping fees, so, members make savings every time they place an order. It comes in 3-month, 6-month and 12-month membership plans and is currently

By Nneka Okumazie Well, no, the problem with the success of Christianity in Nigeria. Churches everywhere are not supposed to be, in a country that isn’t doing so great – in summary of the anxiety of haters of Christianity in Nigeria. Critical thinking and questioning everything is often the excuse for this hate, but they’re often confused, delusional and unable to identify where to look. Nigeria has problems that are not true Churches everywhere. The smartest Nigerians are not throwing themselves to solve the problems of Nigeria in diverse ways. Rather – for some – their talent and resourcefulness are

By Modupe Gbadeyanka The winner of the Airtel TV Super Skit-Makers competition, Mr Qudus Shokunbi, has been showered with N1 million and a scholarship to Del-York Creative Academy, a top film school in Lagos. Mr Shokunbi claimed the star prize of the contest, which was put in place to recognise and reward the country’s outstanding talent in the emerging online skits genre. The winner expressed his gratitude to Airtel TV for boosting the art form. “I am happy that Airtel TV organized this competition and offered this large prize. Their support will go a long way to encourage more youths

By Dipo Olowookere The Central Bank of Nigeria (CBN) on Friday sold a total of N173.55 billion worth of treasury bills via the open market operations (OMO). This was as the overnight and the open buy back (OBB) rates broadly increased at the close of business yesterday. Business Post reports that by the time the money market closed on Friday, the Overnight (O/N) rate increased to 32.58 percent from 11.96 percent on Thursday. In addition, the Open Buy Back (OBB) went up to 30.83 percent yesterday from 11.83 percent the previous day. It was observed that the rise in the

By Investors Hub The major U.S. index futures are pointing to a higher opening on Wednesday after ending the previous session modestly lower. After disappointing earnings news from Goldman Sachs (GS) weighed on the markets on Tuesday, the markets may benefit from upbeat news from Morgan Stanley (MS). Overall trading activity on the day may be somewhat subdued, however, with lingering geopolitical uncertainty keeping some traders on the sidelines. Stocks saw modest weakness during trading on Tuesday following the rally seen on Monday. The major averages came under pressure in morning trading but regained some ground as the day progressed.

In the history of providing financial interventions for the Small and Medium Enterprises (SMEs) in Nigeria, a mix of funding in different areas, to support the textile, manufacturing, agriculture, pharmaceuticals and housing sectors have received a boost to ensure the growth and sustainability of these industries in order to reduce the burden and effects of unemployment in Nigeria. What comes to mind is that the support provided for these small businesses should produce a cumulative effect in job and wealth creation as well as contribute to national and economic development by moving most Nigerians out of the poverty line into

By Dipo Olowookere The long and short-term issuer credit ratings on Nigeria-based Diamond Bank Plc have been lowered by S&P Global Ratings, Business Post has learnt. A statement issued by the rating agency disclosed that the ratings were downgraded to ‘CCC+/C’ from ‘B-/B’, with the outlook negative. In addition, S&P said it also lowered its issue rating on the bank’s senior unsecured debt to ‘CCC+’ from ‘B-‘, with the long and short-term Nigeria national scale ratings on the bank dropped to ‘ngBB-/ngB’ from ‘ngBBB-/ngA-3’. According to the statement, the rating action reflects Diamond Bank’s dependence on favourable business, financial, and