World Bank approves $750 mln credit to boost Nigerian reforms
Reuters The World Bank said it has approved a $750 million credit line for Nigeria to help the country’s 36 states push through reforms to attract investment and create jobs. Several states in Nigeria struggle to pay salaries due to low revenues and resort to borrowing from the domestic bond market and banks to fund […]
Liberal Justice Jackson joins a rightward-moving U.S. Supreme Court
Reuters President Joe Biden’s liberal appointee Ketanji Brown Jackson, set to hear arguments for the first time on Monday as a U.S. Supreme Court justice, joins the nation’s top judicial body at a consequential time when its conservative majority has shown an increasing willingness to exert its power on a range of issues. Jackson, the […]
Nigeria loses $26bn annually to gender inequality
Vanguard News Nigeria The Nigerian Economic Summit Group (NESG) has revealed that Nigeria loses about $26 billion every year to the prevalent gender discrimination. According to the group, the figures disclosed that on a per capita basis, gender inequality in earnings could lead to a wealth loss of $23,620 per person globally. This could lead […]
South African rand weakens in early trade; stocks slide
Reuters South Africa’s rand weakened in early trade on Monday, as the safe-haven U.S. dollar continued to soar against a basket of major peers. At 0732 GMT, the rand traded at 17.9925 against the dollar, 0.14% weaker than its previous close. The dollar index was up 0.035% at 113.180. “The dollar remains king and despite […]
U.N. food agency says debris from drone strike hit truck in northern Ethiopia
Reuters Debris from a drone strike in northern Ethiopia’s Tigray region hit a World Food Programme truck carrying humanitarian aid and injured the driver, a WFP spokesperson said on Monday. WFP, a United Nations agency, helps coordinate humanitarian assistance to Tigray, where a nearly two-year conflict has killed thousands and left millions in need of aid. WFP […]
Energy, inflation crises risk pushing big economies into recession, OECD says
Reuters Global economic growth is slowing more than was forecast a few months ago in the wake of Russia’s invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday. While global growth this year was still expected at 3.0%, it is now projected to slow […]
Breaking: APC postpones campaign kick-off indefinitely
Vanguard News Nigeria The All Progressives Congress APC Presidential Campaign Council has postponed the kick-off of its campaigns earlier slated for Wednesday. Director-General, of the Tinubu/Shettima Presidential Campaign Council and Governor of Plateau State, Simon Lalong disclosed this in a statement Tuesday. According to him, the adjustment of the timetable and schedule of activities is […]
Lebanese MPs to convene to elect new president, no consensus on candidate
Reuters Lebanese parliament speaker Nabih Berri will call for a session to elect a new president on Sept. 29, state media reported, despite no political consensus on a candidate and dim chances of a successful vote. President Michel Aoun’s six-year term ends on Oct. 31, and politicians have voiced concern about no successor being found […]
25 Foods to Avoid in Your Weight-loss Journey
By Janet Adeyemo Weight loss refers to a decrease in body weight, resulting from either voluntary or involuntary circumstances. Voluntary circumstances includes dieting or exercising. Involuntary circumstances may include sickness or stress. The basic point to understand when discussing weight loss, is the fact that a person looses weight. Apart from vanity flare and the […]
Hong Kong to scrap hotel quarantine for travellers from early Oct -media
Reuters Hong Kong will scrap its controversial COVID-19 hotel quarantine policy for all arrivals from early October, more than 2-1/2 years after it was first adopted, news portal HK01 said on Thursday, citing unidentified sources. The move is set to be announced next week, it added. The city’s leader, John Lee, said this week he […]
U.N. showdown looms as Ukraine calls for Russia to be stripped of veto rights
Reuters Ukraine demanded the United Nations punish Russia for its invasion and strip it of its security council veto as a showdown loomed on Thursday when the U.N. Security Council meets over atrocities committed in Ukraine. The Security Council meeting comes a day after Russian President Vladimir Putin ordered the mobilisation of hundreds of thousands […]
UN Capital Development Fund, Tony Elumelu Foundation sign MoU on youth entrepreneurship
THE Tony Elumelu Foundation and the UN Capital Development Fund (UNCDF) yesterday signed an agreement to support youth entrepreneurship in Africa, with a specific focus on historically underinvested areas within African frontier markets. In bringing together the expertise, experience and boots-on-the-ground presence in African markets of The Tony Elumelu Foundation and UNCDF, the two organizations […]
S.Korea, Japan hold first bilateral talks since 2019, seek stronger ties
Reuters South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida held their first one-on-one talks on Wednesday and agreed on the need to improve relations dogged by historical disputes. The meeting took place in New York on the sidelines of the U.N. General Assembly, the first such talks between leaders of the two […]
What crisis? High-stakes crypto lending looks here to stay
Reuters On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan. Three Arrows had just taken a hit from the collapse of cryptocurrency Terra, raising doubts about its ability to […]
ASUU strike: ‘No headway as lecturers damn court order, fight on’
By Emmanuel Uzodinma Despite Wednesday’s judgment by the National Industrial Court, Abuja Division, the prolonged industrial action by the Academic Staff Union of Universities, ASUU, is far from being over. DAILY POST reported that the Court, while ruling in a motion filed by the Federal Government, ordered the lecturers to resume work immediately. The Court […]