Month
Sustaining economic empowerment through financial inclusion, energy access
Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200 million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to electricity. This is in addition to over 40 per cent of the entire population who are financially excluded or underserved. However, the proliferation of digital financial services in Nigeria – powered largely by growth in fin-tech companies – has catalysed an unparalleled increase in the current number of people with access to formal financial services, while further opening up opportunities to address power supply challenges across rural communities; a major feat instrumental towards achieving the broad...
Two people killed in Sudan rally over 2019 protest killings
At least two people have been killed and dozens wounded as Sudanese security forces cracked down on a rally that demanded justice for protesters killed during anti-government demonstrations two years ago, according to the army. Prime Minister Abdalla Hamdok on Wednesday said he was “shocked” by the killings, calling it a “crime to use live bullets against peaceful protesters”. Hundreds gathered on Tuesday evening outside the army headquarters in the capital, Khartoum, at the site where thousands gathered in 2019 initially demanding the removal of then-President Omar al-Bashir and urging a transfer to civilian rule. The demonstration on Tuesday started shortly before iftar, the evening meal which breaks the fast during the holy month of Ramadan. It marked two years since the bloody dispersa...
African Union mission urges return to ‘constitutional order’ in Chad
An African Union mission recommended on Wednesday that Chad’s military share power with a civilian president, as one of three options towards restoring constitutional order following last month’s killing of president Idriss Deby. A military council led by Deby’s son Mahamat Idriss Deby seized power in April after his father was killed while visiting troops opposing a rebel insurgency. The African Union, which could suspend Chad over the military takeover, sent a fact-finding mission to develop strategies for a return to constitutional order and democratic governance. In a report, the mission recommended the AU’s security council could support the military transition as it stands, while appointing a special envoy to ensure the military keep their promise to organise elections with 18 months...
Oliver Kahn rules Bayern Munich out of race to sign Erling Haaland in summer due to high fee
Erling Haaland moving to Bayern Munich is “unimaginable” at this time, according to the club’s future CEO Oliver Kahn. Haaland has established himself as one of the most prolific frontmen in Europe since joining Borussia Dortmund in January 2020, and is attracting attention from a number of top clubs heading into the summer transfer window. Bayern are among those being linked with a swoop for the Norwegian, but Kahn claims that they won’t be able to match his price tag in the current financial climate. “Sorry, whoever spoke about that didn’t understand the situation,” the Bayern director, who will succeed Karl-Heinz Rummenigge as CEO later this year, told Bild. “A package that costs – as we heard – over €100m is unimaginable for FC Bayern at the moment.” Kahn went on to insist that Bayern ...
Ramadan: Israel donates food items to support Nigerian Muslim families
The Embassy of Israel in Nigeria on Monday donated some food items to support some Muslim families in the on-going Ramadan fasting in the country. Mr Yotam Kreiman, Charge d’Affairs of Israel to Nigeria, who presented the items in Abuja, said that the items worth 260, 000 meals was to support about 1,800 families. Newsmen report that the items donated included some bags of rice, beans, maize, groundnut oil, pasta among others. The envoy said that the items were put together to further deepen ties between Israel and Nigeria. Kreiman said that lessons from the Holy Books during month of Ramadan often reminded people of their needs to always be kind, helpful and thoughtful, especially as the world slowly recovered and battled with COVID-19 pandemic. According to him, it is important to lend h...
Belgian club join race to sign Super Eagles new boy
Belgian club KAS Eupen have joined the race to sign Enyimba winger Anayo Iwuala, who last month debuted for the Super Eagles. L’Avenir has reported that Eupen will be interested in Iwuala, whose club have already put a million Euros price tag on. The 22-year-old is a daring winger, who loves to take on his marker with his speed, power and technique. Interestingly, another Super Eagles star, Henry Onyekuru got his first big breakthrough at this club. Eupen sold him to Premier League side Everton for five million pounds before he eventually ended up with AS Monaco in the French Ligue 1. This season, the club have stayed up in the Belgian top league against many odds. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined w...
NGX records N419 billion growth in April
The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies. Specifically, the market capitalisation which closed trading in March at N20.428tn rose by N419bn to close at N20.847tn in April. Similarly, the All-Share Index inched higher by 789.29 points to close at 39,834.42 in contrast with 39,045.13 recorded in March. Royal Exchange Assurance emerged the best performing stock for April in percentage terms, growing by 89.29 per cent to close at 58k per share against 28k recorded in March. Linkage trailed with 41.87 per cent to close at 85k in contrast with 60k posted in the comparative month. Speaking on the performance of the stock market, Mr Ambrose Omordion, the Chief Operating Office...
Somalia invites state leaders to crucial election talks
Somalia’s prime minister on Sunday invited regional leaders to a fresh round of negotiations in the hope of resolving a protracted feud over elections that sparked violence in the capital. The troubled Horn of Africa country is experiencing its worst political crisis in years, with fighting erupting in Mogadishu last week after the president extended his mandate by two years without going to elections. Opposition fighters remain in the capital even after President Mohamed Abdullahi Mohamed backed away from the mandate extension at the weekend and agreed to hold a fresh vote. The president, better known by his nickname Farmajo, tasked his prime minister with reaching out to rivals and overseeing the negotiations, a key opposition demand. A government spokesman said Prime Minister Mohamed Hu...
Washington denies Iran state media report saying prisoner swap agreed
The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions in other countries. Iranian state television said on Sunday that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds. The U.S. government denied that an exchange was in the works. The state TV, quoting an unnamed Iranian official, also said British-Iranian national Nazanin Zaghari-Ratcliffe would be released once Britain had paid off a debt on military equipment owed to Tehran. A British Foreign Office official played down that report. Iran and world powers are holding talks ...
NNPC assures will continue to meet financial obligations to FAAC
The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and not a reflection of the overall financial performance of the Corporation. A press release by the Corporation’s spokesman, Dr. Kennie Obateru, stated that the clarification became necessary in the light of media reports insinuating that the Corporation was in financial straits. NNPC maintains that it is conscious of its role and was doing everything possible to shore up revenues and support the Federation at all times. “The shortfall will be remedied by the Corporation as it relates only to the Federation revenue stream being...
Chadian rebels, government forces clash in area where slain leader was shot
Government troops and rebels clashed on Thursday in a region of western Chad where president Idriss Deby Itno was killed earlier this month. The fight in the desert region of Kanem, near Chad’s border with Niger, pits Libya-based rebels against forces loyal to a new military junta led by Deby’s son. Fiercely criticised for authoritarianism and inequality, Deby was seen as a trusty ally by many Western countries including the former colonial power France. He was seen as a stabilising force in the fight against jihadism in the wider Sahel region on the southern fringes of the Sahara desert. “Fighting is continuing in Kanem — we are going to have continue to fight, otherwise they will destabilise us,” junta spokesman General Azem Bermandoa Agouna told AFP. The Military Transition Council (CMT...
Women lament high cost of food items, consumables in Makurdi
Residents, particularly housewives in Makurdi, the Benue state capital, have lamented the increase in prices of food items. A survey conducted by NAN on Tuesday in Makurdi showed that prices of food items have been increasing on a daily basis. Many housewives interviewed by newsmen said that feeding their families has now become very difficult as the prices of essential food items have multiplied in the past few months. Mrs Rose Onazi, a housewife, said that the sharp rise in prices of various goods, especially food and household items, has made nonsense of the amount she receives as a monthly housekeeping allowance from her husband. Onazi said that many of the items she bought a week before had increased either by 50 per cent, 100 per cent or even more. She said that the development had s...
