A meteorologist, James Roemer of the global weather and agriculture website www.BestWeatherInc.com, has predicted that the final weeks of La Niña could result in a dry May to June for cocoa-producing parts of the African continent. This is contained in a statement mailed to ASHENEWS by the media contact of bestweatherinc.com, Carol Livingston on Friday. “That would add even more volatility to the cocoa market in the coming months,” Roemer holds. The Omicron virus and worries over lower chocolate demand in Europe due to the Russia-Ukraine war already have created market volatility in the cocoa market. “We can see here…
Author: Newsdesk
The U.S. Latino American Chamber of Commerce (USLACC) Africa has called on foreign investors to invest in Nigeria’s untapped economic potential to bring about development in the country. Mrs Ifeoma Ejiogu, African Representative, USLACC Africa, said this when she led a delegation on a courtesy visit to the Minister of Foreign Affairs on Friday in Abuja. Ejiogu said that the aim of the meeting was to seek partnership with the ministry to help to drive the growth of Nigeria’s economy and to actualize its goal of creating business links between Africa and the world. She said that it was important…
Ekiti state has won the award of excellence as the best performing state in disease surveillance. The award was conferred on the state at the 4th Annual Disease Surveillance Meeting of the Nigeria Centre for Disease Control (NCDC) held in Abuja. Dr Banji Filani, Commissioner for Health and Value Orientation, stated on Friday in Ado-Ekiti that the state earned the award through its commitment, untiring efforts and support of staff of the ministry. He added that the state invested in health security through various projects including the building a Molecular Laboratory to enable quick and accurate analyses of samples. He…
The Central Bank of Nigeria (CBN) has signed the Term Sheet between the infrastructure Corportaion of Nigeria (InfraCorp) and the Independent Asset Managers to develop the country’s infrastructure. The CBN Governor, Mr Godwin Emefiele, expressed joy that they had concluded the initial discussions on how they would operate together to deliver infrastructure to the country. The signing took place at the CBN’s office in Tinubu Square in Lagos on Friday. “Let me emphasise that today is a very important day. We have worked now for almost 18 months, trying to put this together. “I am happy that we have reached…
The coalition of concerned citizens says what Nigeria needs is a government of national unity spearheaded by selfless men of values, courage, competence and character to heal wounds. The coalition includes social movements, civil society, the New Fabian Society of the Concerned Professionals, the NCFRONT and the Third Force Cluster of Political Parties. The Convener, Prof. Pat. Utomi, a former presidential candidate and political economist, at a news conference on the state of the nation on Friday in Lagos, said there was need to form a consensus and national unity approach to move the nation forward. In a speech entitled:…
The United Nations and the Government of Botswana are hosting the second global workshop to support the 45 countries conducting voluntary national reviews of SDG implementation. The workshop is for countries presenting Voluntary National Reviews (VNRs) at the July 2022 United Nations High-Level Political Forum for Sustainable Development (HLPF). It will focus on peer-to-peer learning and exchange of experiences related to the preparations of the VNRs and their presentation as well as to emerging findings. It will also provide an opportunity to share good practices, lessons learned, and issues faced by the VNR countries in the preparations of the VNR…
A new report released by the International Monetary Fund (IMF) says Nigeria and 72 other countries are at high risk of debt distress. The report, ‘Restructuring Debt of Poorer Nations Requires More Efficient Coordination’ was released on Thursday. “Low-income countries face fewer debt challenges today than they did 25 years ago, thanks in particular to the Heavily Indebted Poor Countries initiative, which slashed unmanageable debt burdens across sub-Saharan Africa and other regions. “Although debt ratios are lower than in the mid-1990s, debt has been creeping up for the past decade and the changing composition of creditors will make restructurings more…
A Nigerian Federal High Court in Abuja has struck out eight of the 15 counts against the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. The Nigerian government filed the 15 charges bordering on terrorism. When the case came up before Justice Binta Nyako on Friday, she struck out eight of the charges while delivering a ruling on the validity of the charges. She held that the instant preliminary objection application, counts six, seven, eight, nine, 10, 11, 12, and 14 did not discloss any offence by the defendant. The judge however acknowledged that counts one, two, three,…
A 16-year old daughter has told the Ikeja Domestic Violence and Sexual Offences Court how her 43-year-old father allegedly violated her many times. She testified at her father’s trial while being led in evidence by Lagos state counsel, Ms Bukola Okeowo on Thursday. According to her, the father’s violation began after her mother had relocated to South Africa in 2014. She testified that her father had been having sex with her since she was 14 years, claiming the “Holy spirit” instructed him to keep doing so. “I was 14 years old when the incident happened. It started with him touching…
The equities market of the Nigerian Exchange Ltd (NGX) extended its bearish trend on Thursday, causing market capitalisation to dip further by N120 billion. Specifically, the All-Share Index (ASI) at the close of trading, declined to stand at 47,543.51 points, representing 0.48 per cent when compared to the 46,766.16 points recorded on Wednesday. Similarly, the overall market capitalisation value lost N120 billion to close at N25.092 trillion from N25.212 trillion recorded on Wednesday. The market’s negative performance was driven by price depreciation in large and medium capitalised stocks which are; Veritas Kapital, EcoBank Transnational Incorporated(ETI), UACN and among others. The…