President Muhammadu Buhari yesterday urged the banking and financial services sector to play stronger roles in ensuring that small and medium-sized enterprises (SMEs) become “fit for purpose” as well as provide them full support to excel. He said such financial intermediation would be essential at the time like this when Nigerians are grappling with the […]
Tag: economy
In an effort to rekindle the hope of returned male victims of human trafficking in Nigeria, a non-governmental organisation, Patriotic Citizen Initiatives, PCI has opened a shelter that will receive, relieve and empower returnees. Sited in Lagos, the male shelter which is acclaimed to be the first in Nigeria, would support government efforts in the […]
Six Nigerians have been named by the United Arab Emirates as financiers of terrorism including Boko Haram and other criminal activities. According to Agency Report, the decision was made when the Emirate federal cabinet met in the capital Abu Dhabi on Monday. The six Nigerians on the list are Abdurrahaman Ado Musa, Salihu Yusuf Adamu, […]
As President Muhammadu Buhari presents the Senate with another request for the consideration and subsequent approval of a fresh external borrowing to the tune of $4.054 billion, Nigeria’s external loan stock is set to reach an all-time high of $45.2 billion. The proposed addition to the debt stock indicates that external borrowings have skyrocketed the […]
With the current $1 to N550 exchange rate, the new loan of $4 billion will amount to about N2.2 trillion. President Muhammadu Buhari is seeking the approval of the National Assembly to borrow another $4 billion ($4,054,476,863) and €710 million loan from bilateral and multilateral organisations to fund the deficit in the 2021 budget. The […]
The agency said the action of the hoteliers amounts to deliberate sabotage and obstruction of law enforcement officers and is punishable by Section 38 (2) (b) of the EFCC Act. The Economic and Financial Crimes Commission (EFCC) has accused hotel owners of providing an enabling environment for internet fraudsters across the country. The commission said […]
In July, the United Nations sounded alarms with its 2020 hunger report, which documented a 25% increase from 2019 to 2020 in the number of severely undernourished people in the world. Sub-Saharan Africa saw a similar spike with an estimated 44 million more people suffering severe hunger. COVID-19 and climate change were the proximate causes, […]
Rights organisation says Home Affairs has done nothing to help people get their documents in order during lockdown Some employers and a Zimbabwean human rights organisation have raised concerns after over 70 immigrants were detained in the Sundays River Valley, Eastern Cape, under an operation conducted by inspectors from the Department of Employment and Labour. […]
Sustained military support to policing is an option, but the armed forces are wholly unprepared for such a role. Two weeks ago, South Africa’s Defence and Military Veterans Minister Thandi Modise told Parliament she wanted to consider establishing an ‘intermediate’ military force trained and equipped to deal with unrest. She referred to France, an obvious […]
Atlanta, GA — The International University of Grand Bassam (IUGB) Foundation will be hosting a Virtual Scholarship Gala on September 15, 2021 and the program will be streamed at 12pm and at 5pm. The Foundation will recognize the following four distinguished individuals and one foundation for their exceptional contributions to Africa Dr. Bibi Ameenah Firdaus […]
The development of the internet & technology and its emergence worldwide have brought several advantages to humanity. It has allowed people to substantially improve the quality of their lives, earn a living through the internet, and also allowed people to know things that they didn’t know before. Africa is one of those continents that has […]
Anyone who has been living in South Africa knows that card games have been a huge part of their lives because they are so common and popular in the whole country that almost everyone loves playing these games. In an average South African home, you will easily find a few decks of Bicycle cards plus […]
Kenya is one of those countries that is known for producing top athletes year in and year out. In the 2020 Tokyo Olympics, Kenya managed to get a total of 10 Medals ( four gold, four silver, and two bronze) and in the 2016 Rio Olympics, Kenya managed to get six gold medals and a […]
E-Commerce in Africa is well underway and it has been a couple of years since this industry started to see the daylight and began to grow. There are hundreds of different e-commerce startups that are operational across the whole continent in different countries and these startups have the potential to create thousands of new jobs […]
In the whole world, one continent that seems to be lagging behind the whole world is Africa and there are many reasons why that is happening. Weak connectivity, trade infrastructure, and knowledge ecosystems, etc are just a few of the shortcomings as to why is Africa lagging behind the world in terms of digital technology. […]
Effective Law Enforcement, Access to Shelter, Financial Support Are Critical (Nairobi, September 21, 2021) – The Kenyan government’s response to gender-based violence during the Covid-19 pandemic has been too little, too late, Human Rights Watch said in a report released today. The 61-page report, “‘I Had Nowhere to Go’: Violence against Women and Girls during […]
Two juveniles aged 16 and 15 have been killed by landslides as they were resting below soils that had been heaped in Kyotera District. The two teenagers died on spot on Monday at around 6pm. A close friend to the deceased students, who preferred anonymity, said “the two met in the evening hours -as usual- […]
A STUDY on the upside-down, airborne transportation of rhinoceroses conducted in Namibia is among the top winners of this year’s Ig Nobel Prize awards. The Ig Nobel Prize is a satirical prize awarded annually since 1991 to celebrate 10 unusual or trivial achievements in scientific research, with the aim to “honour achievements that first make […]