The signing took place on 25 July 2022, on the margins of the ninth meeting of the AfCFTA Council of Ministers responsible for trade, held in Accra, Ghana The African Development Bank Group and the Secretariat of the African Continental Free Trade Area (AfCFTA) have signed a Protocol of Agreement for an $11.24 million support package to enhance the Secretariat’s effective implementation.The signing took place on 25 July 2022, on the margins of the ninth meeting of the AfCFTA Council of Ministers responsible for trade, held in Accra, Ghana.The AfCFTA Secretariat, currently in phase II of its implementation phase, will…
Author: Newsdesk
African countries need to mobilize $1.6 trillion between 2022 and 2030 to meet their Nationally Determined Contributions to fight climate change African Development Bank and International Monetary Fund (IMF) experts have stressed the urgency of mobilizing climate financing for Africa during a panel discussion on the African Development Bank’s 2022 African Economic Outlook hosted by the IMF in Washington, DC on Monday.Participants at the meeting heard that African countries need to mobilize $1.6 trillion between 2022 and 2030 to meet their Nationally Determined Contributions to fight climate change. So far, they have only received $18.3 billion annually, leaving a financing gap of…
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative kicked off the first AFAWA Finance Series in collaboration with the African Guarantee Fund (AGF) and the Tanzania Bankers’ Association this week in Dar es Salaam.The opening day on Tuesday 26 July 2022 drew over 200 representatives from banks and other financial institutions, governments, policymakers, and entrepreneurs in Tanzania for two days of exploring opportunities to reduce the $42 billion financing gap for women-led small and medium enterprises (SMEs).The objective of the AFAWA Finance Series is for all participants to walk away with a better understanding of…
98% think that banks and payment companies should educate users more about the threats online The Kaspersky’s Digital Payment survey says 61% of respondents from Nigeria faced phishing scams when using online banking or mobile wallet services. 67% have personally encountered fake websites, and a staggering 82% experienced scams (via texts or calls) using social engineering.When asked about awareness of threats against digital payment methods, the majority of respondents from Nigeria report that they are aware of both the financial phishing attacks (95%) and online scams (97%). 78% also stated that they are informed about banking malware on PCs and…
MultiChoice Nigeria has announced media personality, Victoria Eze, popularly called MizVick, as co-host of the Big Brother Naija “Level Up” Sunday eviction shows. Busola Tejumola, the Executive Head of Content and West Africa Channels at MultiChoice, disclosed this in a statement on Saturday. Tejumola said the announcement came as MizVick, who was popular for hosting the BBNaija weekly recap show, ‘Unlocked’, and the red carpet of the ‘Shine Your Eye’ Reunion show; recently co-hosted the weekend launch show with Ebuka. “We are creating the ultimate Big Brother Naija experience both within and outside the house. “With double launch shows, two houses…
The Theatre Commander, Joint Task Force “Operation Hadin Kai”, Maj. Gen. Christopher Musa says 14,609 out of the 70,593 insurgents who surrendered to troops are combatants. Musa said this on Friday in Maiduguri when he spoke with newsmen on recent successes recorded by the command under “Operation Desert Sanity” and “Operation Lake Sanity.” “The Theatre’s kinetic and non-kinetic activities have partly compelled some Boko Haram Terrorists (BHT) to seek alternatives to terrorism thereby taking advantage of other avenues to surrender. “Currently, a total of 70,593 persons consisting of BHT (JAS/ISWAP) fighters and their families have surrendered to troops. “Out of…
A coalition of Civil Society Organisations (CSOs) for Good Governance has appealed to the Independent National Electoral Commission (INEC) to further extend the July 31 deadline for the suspension of ongoing Continuous Voter Registration (CVR). The coalition made the appeal in a letter signed by its Convener, Prof. Theophilus Ndubuaku, addressed to INEC Chairman and submitted at the commission’s headquarters on Friday in Abuja. According to the letter, the CSOs urged INEC to magnanimously consider extending the deadline for the exercise in favour of the 2023 general elections. The CSOs said that its appeal was anchored on information reaching it…
FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with gross earnings of N359.2 billion. The company stated this in a statement on Friday in Lagos. The gross earnings indicated an increase of 22.4 per cent when compared with N293.4 billion recorded in the preceding period of 2021. It also recorded a profit before tax of N65.7 billion from N45.2 billion achieved in the corresponding period of 2021, an increase of 45.3 per cent. The company’s profit for the period stood at N56.5 billion against N38.1 billion posted in the comparative period of…
Operatives of the Economic and Financial Crimes Commission (EFCC) operatives on Friday raided Wuse Zone 4, home to most bureaux de change in Abuja. The raid, conducted on other locations across the country, was undertaken days after the CBN blamed currency speculators of exacerbating the crash of the naira against the dollar and other foreign currencies. An authoritative source at the commission said in Abuja that the raid was a product of weeks of covert operation. “The idea is to dislodge currency speculators who are massively mopping up all available foreign currencies. “The raid was a product of weeks of surveillance…
Nigeria’s human rights activist and Senior Advocate of Nigeria (SAN), Femi Falana has revealed that the Peoples Democratic Party (PDP) dragged other political parties in Rivers state to court over primaries is because PDP wants to be sole contestant in the 2023 elections. Representing the Social Democratic Party (PDP) in a suit filed against the PDP and its candidates in Rivers state, Falana who spoke with journalists after the adjournment of the matter in a Federal High Court in Port Harcourt on Friday. The PDP in three separate suits against the Independent National Electoral Commission (INEC), Accord, SDP, Labour Party…