The African Financial Alliance on Climate Change (AFAC) has on Wednesday, Nov. 10, launched its report on the state of climate risk regulation in Africa’s financial industry, at the ongoing COP26 climate conference in Glasgow, Scotland, The Communication and External Relations Department, African Development Bank (AfDB), Gershwin Wanneburg, disclosed this in a statement made available […]
The African Development Bank Group (AfDB) has said the Economic Community of West African States (ECOWAS) investments must be tailored to the needs of Regional Member Countries. Dr. Akinwumi Adesina, President, AfDB, disclosed this in his keynote address at the 22 Ordinary Session of Assembly of Health Ministers of ECOWAS, on Friday in Abuja. Adesina […]
Japanese conglomerate Toshiba has confirmed plans to split the company into three separate businesses. Toshiba said the three companies would be focused on infrastructure, semiconductors and devices. The company has come under increasing pressure from activist investors to make changes since an accounting scandal in 2015. This week, US giant General Electric announced a similar […]
Medicare’s “Part B” outpatient premium will jump by $21.60 a month in 2022, one of the largest increases ever. Officials said Friday a new Alzheimer’s drug is responsible for about half of that. The increase guarantees that health care will gobble up a big chunk of the recently announced Social Security cost-of-living allowance, a boost […]
The White House announced it intends to nominate Pulitzer-winning journalist and former Voice of America director Amanda Bennett, to head the U.S. Agency for Global Media. “I am honored by this nomination,” Bennet told VOA late Friday. “If confirmed, I will be so proud to work with all the dedicated journalists at USAGM who are […]
The Federal Government and International Fund for Agricultural Development (IFAD) assisted Value Chain Development Programme (VCDP) say they will support vulnerable Nigerian farmers affected by insecurity and flood with $1million dollars grant. The Niger Programme Coordinator, IFAD-VCDP, Dr Mathew Ahmed, disclosed this on Thursday in an interview with the News Agency of Nigeria (NAN) in […]
The United States and European members of the U.N. Security Council condemned Belarus on Thursday for what they called the “cynical instrumentalization of migrants,” as tensions simmered along the Polish-Belarusian border. “We … condemn the orchestrated instrumentalization of human beings whose lives and well-being have been put in danger for political purposes by Belarus, with […]
The Tulip skyscraper will not be built after a government panel found it to be “poor and unsympathetic to the historical context” of the capital. The 1,000ft (305m) tower was initially approved by the City of London Corporation, but the plans were rejected by London’s mayor. An appeal was launched by those behind the tower […]
Prof. Adesoji Adesugba, Managing Director, Nigeria Export Processing Zones Authority (NEPZA) has solicited the intervention of the National Assembly, through sustained and robust appropriation, to boost the development of Special Economic Zones in Nigeria. According to a statement issued on Thursday, in Abuja, by Martins Odeh, Head, Corporate Communications, NEPZA, Adesugba made the appeal at […]
UK economic growth slowed between July and September as supply chain problems hindered the recovery, latest official figures show. The Office for National Statistics said consumer spending increased as Britain continued to emerge from lockdown. But that was offset by falls in other areas of the economy, leaving growth for the three months at 1.3%. […]