The finance ministers of the Group of Seven (G7) want to impose a price cap on Russian oil to prevent Moscow profiting from the effects of its war on Ukraine. In a joint statement on Friday, the G7 called on all countries that import Russian oil to join this measure. “We seek a broad coalition to maximise effectiveness,” the statement said. In essence, the idea is to force Russia to sell oil to big buyers like India for a much lower price in the future. The hope is that this will, on the one hand, relax the pressure on global…
Author: Abdallah el-Kurebe
A 160-carat white Type lla diamond was unearthed in Angola by Lucapa Diamond Company, the company announced on Friday. A press release posted on the company’s website said the 160-carat diamond is the sixth-largest recovered to date and the 28th diamond heavier than 100-carat recovered from the Lulo alluvial mine in Angola. Lulo is a 3,000 square kilometres concession in Angola’s Lunda Norte diamond heartland, approximately 630 kilometres east of capital city Luanda. Over the past decade, exploration by Lucapa and its partners has been successful in proving Lulo to be one of the world’s most prolific alluvial diamond fields.…
Her Network, a global inspirational and lifestyle platform, has unveiled plans to host its first interactive impact experience summit with phenomenal women from various industries and professional backgrounds. Ms Nkem Onwudiwe, Founder of Her Network, made the disclosure in a statement on Friday in Lagos. Onwudiwe said the event tagged “Her Summit” would gather female founders, chief executive officers, career women, and aspiring change makers. She said the summit would provide opportunities for women to connect with peers and other successful female leaders where they can benefit from mentoring, network building, listening and learning from impact stories, and more. She…
The Dingyadi-Badawa ward leaders, Bodinga local government in Sokoto state have defected to the Peoples Democratic Party (PDP). A statement from Hassan Sanyinnawal, the spokesman of the party, on Friday in Sokoto said the defectors include ward Secretary, Ummarun Hassan and Assistant Treasurer, Manu Abubakar. Others are Barno Akamawa, the ward Public Relations Officer (PRO) and four ward delegates: Shehu Abubakar, Sani Modi, Sunusi Imam and Bello Alhaji, as well as hundreds of their supporters in the area. Receiving them into the party, Bello Goronyo, the state PDP Chairman, assured them of equal treatment with all the party members across…
People’s Republic of China has pledged to partner with the relevant authorities in revamping agriculture and industry sectors and prioritise areas of investments in Nigeria. Mr Cui Jiachun, Chinese Ambassador to Nigeria, said this in an interview with newsmen in Abuja, as his country signed a letter of intent with Nigeria. Cui was speaking shortly after the China-Nigeria Business Dialogue with Ministerial-level Officials, and representatives of political parties’ form Nigeria and China. The high-level meeting which held in Abuja was with the theme, “Seeking Common Cooperation and Development Through Inter-party Exchanges”. Cui said that the partnership was starting with the Kano State Government seeking to prioritise areas…
The UN Food and Agriculture Organisation (UNFAO) has reported that world food prices have fallen for a fifth consecutive month but are still nearly eight per cent higher than a year ago. FAO, in its latest Food Price Index published on Friday, showed that the prices of five commodities – cereals, vegetable oil, dairy, meat and sugar – were lower in August than in July. The Index tracks the monthly international prices of these breadbasket staples. It averaged 138.0 points in August, down nearly two per cent from July, though 7.9 per cent above the value a year before. The…
The Nigeria Export Processing Zones Authority (NEPZA) said it would partner Binance and Talent City to establish the first virtual free zone in West Africa. Prof Adesoji Adesugba, NEPZA’s Managing Director, said this in a statement signed by Mr Martins Odey, Head, Corporate Communications, NEPZA. According to the statement, Adesugba said the partnership was necessary after holding meetings with officials of the two firms on Friday in Dubai, United Arab Emirates. Adesugba explained that the partnership when agreed would birth a virtual free zone similar to the one in Dubai. The NEPZA boss presented the vision of his management, which…
Five fresh millionaires have emerged in Kano as part of the ongoing Dangote Cement promotion which started in July. Speaking at the presentation of cheques to the new winners, Group Head, Sales and Marketing, Rabiu Umar, said the promo was a way of giving back to society and rewarding customers of Dangote Cement Plc. He said the ongoing “Bag of Goodies Season 3” National Consumer Promotion would see the company give out N1billion to its customers across the countries. Umar added that this huge money would further ginger economic activities as people are more able to invest. Regional Sales Director…
The Aliko Dangote Foundation Integrated Nutrition (ADFIN) Project has signed a Memorandum of Understanding, MoU with Kano State government to check the prevalence of malnutrition in the state. The event took place at ECA Unit of Abdullahi Wase hospital in Kano on Wednesday. Speaking before the official signing of the MoU, The Managing Director and Chief Executive Officer, Aliko Dangote Foundation, Zouera Yousufou said the foundation is worried about the prevalence of malnutrition, especially among children in the state. According to her, the foundation had already supported the feeding programme by Hajiya Mariya Dantata, where about 30,000 meals are distributed…
Aliko Dangote Foundation, in collaboration with Kano state government, United Nations Children’s Fund (UNICEF) and Bill and Melinda Gates Foundation have signed a tripartite Memorandum of Understanding (MoU) on routine immunization in the state, Solacebase has reportes. The MoU was first signed in 2012, when Aliko Dangote Foundation, Kano government and Bill and Melinda Gates Foundation decided to work towards improvement of health of women and children in Kano, second most populous state in the country. Appraising the success of the first MoU, the three parties also signed second addendum in 2017 in a bid to improve on the goal…