WFP Air-Lifts Items to Drought-Stricken Somalia Region

By Adedapo Adesanya The Director-General (DG) of the World Trade Organisation (WTO), Mrs Ngozi Okonjo-Iweala, and the President of Kenya, Mr William Ruto, will hold a discussion on positive climate growth, investment, and trade in Africa tomorrow (Tuesday, September 19). The conversation, hosted by the Africa Center in partnership with Global Citizen, Climate Action Platform Africa (CAP-A), and the Government of Kenya, will take place at The Africa Center at Aliko Dangote Hall in New York City. Speaking on the programme, Mr Uzodinma Iweala, CEO of The Africa Center, said the conversation was coming at a time when Africa is

By Adedapo Adesanya Prices of food in the globe remained unchanged in September 2023, according to measuring indices by the United Nations’ Food and Agriculture Organisation (FAO). The FAO Food Price Index (FFPI) averaged 121.5 points in the month under review, almost unchanged from its value in August, as declines in the price indices of vegetable oils, dairy and meat had offset increases in the sugar and cereal price indices. At this level, the index stood 14.6 points (10.7 per cent) below its corresponding level a year ago and 38.3 points (24.0 per cent) from the all-time high reached in

By Kestér Kenn Klomegâh The African continent is one of the fastest-growing energy markets in the world. This is due to the growing economic and demographic potential of African countries, as well as the efforts of many of them to combat climate change. Despite having passed through a long period of tumultuous post-colonial era, Africa’s efforts to ensure effective energy cooperation with leading global powers has not been an easy journey down the years. Until today, more than half of the estimated 1.4 billion still have no access to electric power for domestic utilization while industries continue suffering from frequent

By Kestér Kenn Klomegâh The World Bank has approved a $1 billion loan to support South Africa’s energy sector which is currently experiencing worse conditions including inadequate funds for overhauling, renovation and upgrading. Energy experts believe that the World Bank’s loan, which seems the last resort, would pull South Africa out of its persistent energy crisis that has adversely hit industrial production. The energy problem has forced the country to lean on its highly polluting coal-fired power stations and consistent difficulties of generating enough electricity for its 62 million people. The state-run power utility, Eskom, generates approximately 80% of the

By Adedapo Adesanya The Nigeria Sovereign Investment Authority (NSIA) reported a sharp drop in profit for 2022 as the country’s wealth fund profits declined 33 per cent to N102.4 billion ($222.2 million). This happened as total income dropped by 28 per cent to N111.4 billion compared with a year earlier. In the report released over the weekend, NSIA said this was caused by macroeconomic conditions in developed and emerging markets as well as in the local economy. Net assets grew by 10.5 per cent to N1.00trillion while earnings from interest income, infrastructure business revenue, and fiduciary activities’ management fees increased

By Modupe Gbadeyanka The duo of Reigny and Abraham have been evicted from the Nigerian Idol Season 8 after garnering the least number of votes from the viewers last week, which was the second week of the live show, leaving contestants vying for the top prize. The remaining contestants performed last Sunday to the delight of the viewers, who are expected to vote further to keep them on the show. Over the weekend, the host of the music talent hunt, IK Osakioduwa, announced to the audience that a contestant would be sent packing before any performance for scoring the least

By Modupe Gbadeyanka Shareholders of Oando Plc across the country have been reassured by management of the leading Nigerian oil firm that its planned 40th Annual General Meeting (AGM) slated for Monday, September 11, 2017, in Uyo, Akwa Ibom State will hold. Following the response of the Securities & Exchange Commission to petitions raised by Alhaji Dahiru Mangal and Ansbury Inc. objecting to the AGM, the management of Oando Plc, led by the Group Chief Executive Officer, Wale Tinubu, has stated that it remains committed to acting in the best interests of all its shareholders. It added that the company

By Dipo Olowookere Investors further gained N85 billion at the Nigerian Stock Exchange (NSE) on Thursday, following buy interests in some blue-chip equities at the market. During the session, the market capitalisation of the exchange expanded to N12.441 trillion from N12.356 trillion after the N85 billion growth. The positive performances of these bellwether stocks, which further lifted the market higher by 0.77 percent, increased the All-Share Index (ASI) by 183.48 points to 23,892.92 points from 23,709.44 points. Business Post reports that there were 18 price gainers and 14 price losers yesterday, with the advancers led by Nestle Nigeria, which added

By Adedapo Adesanya A new study has revealed that former Manchester United coach, Sir Alex Ferguson, is the greatest Premier League manager of all time. The study, by casino experts KiwiGambler, ranked the best Premier League managers of all time based on a variety of factors, including win percentage, total points gained, points per game, total games in charge, and goal difference. The Scot, who managed Manchester United from 1986 to 2014, led the poll with a score of 88.34 out of 100. His success at Manchester United, where he won the Premier League and the UEFA Champions League, among

By Ashemiriogwa Emmanuel As Nigeria celebrates its 61-year independence anniversary, the total amount in its external reserves has gained about $587.8 million in the last seven days. Observing the data published on the Central Bank of Nigeria (CBN) platform, the amount left in the nation’s foreign savings accounts increased by 1.6 per cent to $36.4 billion on Tuesday, September 28 from $35.8 billion recorded on Tuesday of the previous week. The current position of the nation’s external buffers is a speculation-come-true made by the apex bank after the last Monetary Policy Committee (MPC) meeting held over two weeks ago. The

By Dipo Olowookere Public and private schools in Lagos State have been directed to resume on Monday, February 18, 2019 as against Tuesday, February 19, 2019 contained in the earlier reviewed calendar. This followed the postponing of the presidential and National Assembly elections on Saturday, February 16, 2019 by the Independent National Electoral Commission (INEC). As a result of the postponement of the polls, the Lagos State Government effected a change in the school calendar. Deputy Governor of Lagos State, Mrs Idiat Oluranti Adebule, who supervises the Ministry of Education in the state, announced the new change in the calendar

Boomplay’s vision to build the largest and most reliable digital music ecosystem for artists and content creators in Africa is bold and brave – and they are well on their way to achieving just that with their new partnership with Sony Music Entertainment. As the biggest and fastest growing music app in Africa, Boomplay’s Director of Content & Strategy, Phil Choi, knows exactly the sort of meticulous planning that goes into an app making its digital mark on the industry. “We are delighted to partner with SME and having their internationally recognised repertoire on board!” Choi exclaims. “This is a