WorldRemit Introduces New App Features

By Kestér Kenn Klomegâh Vladivostok, located in Russia’s Far East, hosted the 8th Eastern Economic Forum (EEF) from 12th to 13th September 2023 in an attempt to define further the development of this remote region. Since the beginning of the EEF in 2015, it has, until COVID-19 was followed by Russia’s own ‘special military operation’ in neighbouring Ukraine, the focus was largely on harnessing resources from the United States and Europe to the Far East region of the Russian Federation. Speeches and all kinds of remarks highly praised Western, European and Asia-Pacific participating countries and corporate enterprises under resonating themes

By Kestér Kenn Klomegâh The historic gathering on Climate Change inside Africa clearly portrays efforts at spearheading towards finding sustainable solutions to existing challenges. But African leaders are still standing at a crossroads as they try hard to balance their geopolitical positions, this time with raising the needed funds for controlling the effects of climate change in Africa. The majority of these African leaders consistently barked at Westerners and Europeans for their excessive control, and frequent interference in their internal affairs and shouted over aspects of democracy, human rights and hegemony, and yet looked forward to their invaluable investment in

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 Dipo Olowookere The nation’s main opposition party, the Peoples Democratic Party (PDP), has kicked against the recent hike in the price of Premium Motor Spirit (PMS), otherwise known as petrol. It was reported on Friday that Nigerians will now begin to pay N170 per litre for petrol following the increase in the depot price of the product to N155.17 per litre from the initial N147.67 per litre. Reacting to the increment, the PDP, which ruled the country for 16 years from 1999 to 2015, described the action as wicked, unbearable and unacceptable, emphasising that there was no justification to

By Ashemiriogwa Emmanuel Nigeria’s top financial institution, First Bank of Nigeria Limited, has set Thursday, October 7 as a day to hold the 2021 edition of its annual FINTECH Summit. The event, in its fifth edition, is themed Open Banking and its Derivative Opportunities for the Financial Ecosystem and will focus on discussions around the need for Open Banking in Nigeria by experts, policy influencers, regulatory officials as well as key and leading players in the Nigerian financial, banking and technology sphere. In a statement, the bank announced that the virtual event is opened to everyone stressing, however, that participants

**Please bear with us By Modupe Gbadeyanka Acting President, Mr Yemi Osinbajo, has said the Federal Government also feels the pain of economic hardship in the country, which has spurred the anti-government protests in some cities across the country on Monday. Mr Osinbajo, while speaking at a consultative forum between the Economic Management Team and the Private Sector on the Economic Recovery and Growth Plan today in Abuja, which is to be launched later this month, said “we hear you loud and clear, those who are on the streets protesting the economic situation and even those who are not, but

By Modupe Gbadeyanka A deal to finance infrastructure and SME projects, including women-owned enterprises in Nigeria, has been signed between the African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA). Business Post gathered that the agreement involves a loan of $150 million that would be used to support development of productive sectors of the economy; particularly the power sector, infrastructure, women owned enterprises as well as SMEs. The deal was sealed on Wednesday between the two organisations. Speaking on the development, the Group Managing Director/CEO of UBA, Mr Kennedy Uzoka, noted that, “This line of credit comes

A Nigerian serial tech entrepreneur and software developer, Mr Chidi Nwaogu, has won the Migration Entrepreneurship Prize by the Swiss Federal Department of Foreign Affairs (FDFA) Human Security Division (HSD). Mr Nwaogu is one of the 10 winners of the prize for entrepreneurs with social business models in countries and regions prone to strong migration movements, offering innovative solutions that reduce the vulnerability of migrants. This announcement was made by Seedstars at its first online Seedstars Summit on the 3rd of April, 2020, with over 5,000 in attendance. Seedstars is a Swiss-based private group of companies with a mission to

By Modupe Gbadeyanka The Economic and Financial Crimes Commission (EFCC) has arrested a Ponzi scheme operator based in Uyo, Akwa Ibom State. The suspect, a 62-year-old Umanah E. Umanah, was said to have promised a bogus offer of 50 per cent return on investment in just seven days for any investor who invests in his company known as No Burn Global Limited. Some unsuspecting members of the public, who believed him and put their hard-earned money in his company, were surprised when he avoided communication with them and failed to fulfil what he promised them. In a statement issued by

By Fiona Hitchcock Financial inclusion is one of the most amplified ideologies in many geographical areas. This has led to the implementation of noteworthy efforts to build institutions and systems for the inclusion of diverse socio-economic classes. According to financial analysts, the past two decades have seen a rapid increase in the interest in financial inclusion, both from policymakers and researchers. It is evident that structural, as well as policy-related factors, such as encouraging banking competition or channelling government payments through bank accounts, play an important role in achieving financial inclusion. In Nigeria, the Central Bank of Nigeria (CBN) had

By Adedapo Adesanya Fast-rising digital agency, Red Circle, has announced its latest initiative LEARNR which aims at empowering over 50 teenagers and young adults. In an exclusive interview with the CEO and founder of Red Circle Digital Agency, Mr Emmanuel Dairo, he informed Business Post on the need for today’s youths to be empowered in other to survive in not just this economy but also in our present digital world. He said, “Being a youth is quite hard in Nigeria, and I can testify that the only way to make it in a system like this, is to have something