By Foster Obi The ongoing EndSARS protest is obviously getting out of hand as it is taking different colourations by day. The latest which is quite tragic is the bloody clash between the Yoruba’s and Hausa at Fagba, located on Iju road around Agege side of Lagos state. There were different accounts to the precursor […]
Earlier this week, energy giant ConocoPhillips announced it was acquiring Permian Basin shale producer Concho Resources for $9.7 billion. Now, Pioneer Natural Resources (NYSE:PXD), another player in the Permian Basin of West Texas, is in talks to grow its Permian operation by buying Parsley Energy (NYSE:PE), according to a Wall Street Journal report today. A […]
The International Air Transport Association (IATA) downgraded its traffic forecast for Africa for 2020 to reflect a weaker-than-expected recovery. IATA now expects full-year 2020 passenger numbers in Africa (to/from/within) to reach only 30% of 2019 levels, down significantly from the 45% that was projected in July In absolute numbers, the region is expected to see […]
By Foster Obi What started as mild protest from the wharf end of Apapa, Lagos for three days has become a full blown crisis Tuesday as protesters stopped every form of movement or transaction. However an interesting part of the protest is that clearing agents took the opportunity to air their grievances especially against the […]
BY CHIEF MIKE OZEKHOME, SAN. For decades, I had strindently beckoned on the Nigerian youths to join some of us patriots in the dangerous Nigerian trenches, to win the heart and soul of Nigeria, and take their destinies in their own hands . Many of the rulers of today have tenaciously glued themselves to government […]
By Foster Obi Nigeria’s Dr. Ngozi Okonjo-Iweala, currently African Union (AU) Special envoy is joining the likes of Cyril Ramaphosa, current Chairperson of the AU and President of the Republic of South Africa and H.E. Dr. Tedros Adhanom Ghebreyesus, WHO Director General as key speakers at the AU Covid19 $300m Response Fund launch to help […]
Ghana and Ivory Coast account for two-thirds of the world’s cocoa supply, but unlike oil-producing countries, they are unable to influence prices that are historically too low to meet the basic needs of small planters. “They could decide the market prices, above all if they allied themselves with other major producers like Ecuador, Cameroon and […]
By Foster Obi Nigerian Communications Commission (NCC) says it has constituted a committee to review the framework for the licensing of Infrastructure Companies (InfraCo) and recommend sustainable funding options for effective implementation of the proposed national fibre project. A press statement signed by Dr. Ikechukwu Adinde, Director, Public Affairs said the constitution of the committee […]
IFC, a member of the World Bank Group, today announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and help protect the country’s economy from the impact of the COVID-19 pandemic. The $40 million facility, under IFC’s Global Trade Finance Program (GTFP), […]