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This year’s annual Armed Forces Remembrance Day may have come and gone, but interactions with the some ex-military personnel show that all is not well with the living heroes. They say even widows of the fallen heroes being celebrated are wallowing in penury and neglect. GBOYEGA ALAKA reports. When she opted to retire from the Nigerian Army … Read more
GLOBAL tourism experienced a 4 percent increase in 2021, compared to 2020. However, the United Nations World Trade Organisation (UNWTO) says in a report released on Tuesday that international tourist arrivals (overnight visitors) were still 72 percent below the pre-pandemic year of 2019. This follows on from 2020, the worst year on record for tourism … Read more
AFRICA Finance Corporation, Africa’s leading infrastructure solutions provider, has raised $400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure. The three-year facility – the first from AFC since 2018 – was increased from an initial target of $300 million as strong interest from investors led to the … Read more
CHINA is transforming Kenya and the rest of Africa through infrastructure projects and investments. Many Africans welcome the developments, while others worry about Beijing’s motives and the long-term impact on their countries. With China’s Belt and Road initiative bringing temporary workers from the world’s most populous country, neighbourhoods such as Kilimani in Nairobi, Kenya’s capital, … Read more
IN a renewed bid to fulfil its constitutional mandate of eradicating corruption among public officers, the Code of Conduct Bureau (CCB) has set machinery in motion for quiet and independent verification of assets of public officers in and outside the country. The new leadership of the CCB, under the chair of Professor Isah Mohammed, has … Read more
CHINESE companies like Huawei and the Transsion group are responsible for much of the digital infrastructure and smartphones used in Africa. Chinese phones built in Africa come with already installed apps for mobile money transfer services that increase the reach of Chinese tech companies. But while many Africans may find the availability of such technology … Read more
ON the tarmac at Uganda’s Entebbe International Airport on the shores of Lake Victoria, Chinese technicians and their Ugandan counterparts put final touches on the aprons as planes fly in and out. The 70-year-old airport, opened in 1951 by the British colonial masters, refurbished in the early 1970s and now under upgrading and expansion works … Read more
WITH the present level of Nigeria’s external debt, every Nigerian citizen in the country is currently indebted to the tune of $157 or N64,684. This trend, according to a development economist, Dr. Tayo Bello, is worrisome as the borrowing rate is alarming and does not reflect in physical infrastructure that can repay the loans. As … Read more
THE Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has expressed his readiness to work with the National Identity Management Commission, NIMC, in ensuring that Nigeria has a credible national identity database that will help the fight against economic and financial crimes. He gave the assurance on Thursday, September 30, 2021, when … Read more
MERCHANTS are barred from exceeding N1 million a deal on eNaira transactions, the Central Bank guideline on the usage of the digital currency indicates. This is part of the operating model and prototype design of the payment platform due to take off on Friday. While the N1 million ceiling is placed on sending and receiving … Read more