Tuesday, November 20, 2018

Tag "Africa"

    Nigeria pushes for more permanent members on UN security council

Nigeria pushes for more permanent members on UN security council

Nigeria has demanded an immediate restructuring and expansion of the UN security council to correct the injustices meted out against Africa in the composition of the 15-member body.Nigeria’s position was delivered by Babatunde Nurudeen, permanent representative of Nigeria to ECOWAS at the UN general assembly debate on ‘Question of Equitable Representation on and Increase in the Membership of the Security [...]

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    Jonathan: We have to dream that we’ll catch up with the rest of the world

Jonathan: We have to dream that we’ll catch up with the rest of the world

Former President Goodluck Jonathan says Africa has to begin to dream it will catch up with the rest of the world on technological advancement.Speaking at the 2017 roundtable of the African Presidential Leadership Centre in Johannesburg, South Africa, he said there is a need to recognise the most brilliant students and focus on building them to bring about the development of [...]

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    Great job beating ISIS in Syria — now let’s keep them out of Africa

Great job beating ISIS in Syria — now let’s keep them out of Africa

The recent report that U.S.-backed forces declared victory in the ISIS stronghold of Raqqa is one of several examples proving the tides are turning against the notorious terrorist group. It also affirms the battle-tested notion that when the United States builds coalitions with other nations, even the most challenging of tasks can be accomplished.But the challenge to terminate ISIS (and [...]

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    ‘Africa loses $50bn annually to illicit financial flows’

‘Africa loses $50bn annually to illicit financial flows’

Thomas Quartey, deputy chairman of the African Union commission, on Thursday said African countries were losing an average of 50 billion dollars annually through Illicit Financial Flows (IFFs).Quartey said this in Abuja at a preparatory meeting towards Nigeria’s role as the champion of the 2018 African Union themed, 'Winning the Fight against Corruption: A Sustainable Path to Africa’s Transformation'.According to [...]

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    Africa needs 11m teachers, doctors to avert disaster, says UN

Africa needs 11m teachers, doctors to avert disaster, says UN

Africa needs 11 million more doctors, nurses and teachers by 2030 to prevent a “social and economic disaster” that could propel millions to migrate, the UN said on Thursday.It said the 11 million were needed to help the continent cope with a booming population, with the number of children set to increase by 170 million to 750 million in the [...]

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    Democracy guarantees nothing, says Dogara

Democracy guarantees nothing, says Dogara

Yakubu Dogara, speaker of the house of representatives, says democracy guarantees nothing but the opportunity to succeed and the risk of failure.Dogara said this in Abuja while speaking at a regional conference for young parliamentarians.He said the young parliamentarians forum has been a "huge success in Nigeria, as it has it has served as a driving force for the Nigerian parliament [...]

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    Osinbajo: Africa loses three times more than its annual foreign aid to tax evasion

Osinbajo: Africa loses three times more than its annual foreign aid to tax evasion

Vice-President Yemi Osinbajo says the loss to tax evasion in developing countries, especially in Africa, is three times higher than the money the continent receives in foreign aid every year.Speaking in Abuja at the ongoing African Tax Administrators Forum (ATAF) conference on tax in Africa, Osinbajo cited the Thambo Mbeki report on illicit financial flows which shows great tax losses [...]

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    HIV patients in Africa ‘to pay only $75 a year’ for new state-of-art drugs

HIV patients in Africa ‘to pay only $75 a year’ for new state-of-art drugs

India-based Mylan Laboratories and Aurobindo Pharma, makers of generic HIV drugs, are set to make millions of pills available to African countries.Reuters reports that the development is coming after both firms secured a multi-million dollar guarantee from the Bill & Melinda Gates Foundation, making it possible to cap the price at just $75 per patient a year.The drugs are currently [...]

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    Trump praises Nigeria’s tackling of Ebola, says Africa has tremendous potential

Trump praises Nigeria’s tackling of Ebola, says Africa has tremendous potential

US President Donald Trump has lauded Nigeria for its handling of the 2014 outbreak of the Ebola virus disease.Trump on Wednesday also said there's "tremendous business potential" in Africa, revealing that his wealthy friends were investing in the continent.He said this while hosting President Muhammadu Buhari and other African leaders to a working lunch on the sidelines of the 72nd [...]

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    Osinbajo: Nigeria has demonstrated that Africa can solve its problems

Osinbajo: Nigeria has demonstrated that Africa can solve its problems

Acting President Yemi Osinbajo says Nigeria has demonstrated that Africa can solve its problems.Osinbajo said this in Kigali, Rwanda capital, after attending the inauguration of President Paul Kagame.The acting president said the federal government was already working to solve insurgency and humanitarian crisis in the north-eastern part of the country.He said Africans could take up leadership of the continent's economy [...]

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    Eat Me: Great for men, reduces insomnia… Five reasons African walnut is for you

Eat Me: Great for men, reduces insomnia… Five reasons African walnut is for you

African walnut is an edible single seeded stone fruit mostly cultivated for its nuts which can be cooked or consumed as snacks.In the Yoruba language, it is called Asala; Okwe in Edo and Ukpa in the Igbo dialect. [...]

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    Toyin Falola, Nigerian history and the African humanities

Toyin Falola, Nigerian history and the African humanities

BY TUNJI OLAOPA My celebratory critique of those I have been calling intellectual heroes and heroines has the objective of not just achieving some sort of breakdown of Nigeria’s intellectual history. More importantly, it is meant to outline, in a critical manner, the contributions of these figures to the rethinking and the reinvention of Nigeria’s historicity and national trajectory as a [...]

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    Infertility prevalent in Africa due to drug abuse, says expert

Infertility prevalent in Africa due to drug abuse, says expert

Infertility is prevalent in Africa due to the frequent use of non-prescribed medications which affect the reproductive organs, says Ifeoma Amugo, a medical consultant with the Redeemed Christian Church of God (RCCG).Amugo said this in Abuja during the RCCG Women of Zion, FCT province 7 Sister’s Convention 2017. [...]

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    UNECA: Africa loses $80bn anually to illicit financial flows

UNECA: Africa loses $80bn anually to illicit financial flows

The ongoing 31st ordinary session of the AU executive council in Addis Ababa, Ethiopia, has heard that Africa loses an estimated $80 billion in a year due to illicit financial flows.Abdella Hamdok, the executive secretary of the United Nations Economic Commission for Africa (UNECA), released the figure on Friday when he spoke on a range of issues.He said financial outflows [...]

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    Where elections are now a norm, Africa must leapfrog into the future with innovation

Where elections are now a norm, Africa must leapfrog into the future with innovation

BY FATU OGWUCHE Elections in Africa have seen remarkable improvements since the 2000s. However, the democratic process of electing leaders into office which is now a norm in many parts of the continent is not without its own challenges, the most obvious being the deep-rooted distrust in the system and processes. Traditional systems of assuring electoral integrity are proving to be [...]

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    Africa won’t need aid if $50bn doesn’t leave illegally every year, says UN

Africa won’t need aid if $50bn doesn’t leave illegally every year, says UN

The UN Economic Commission for Africa (UNECA) says about $50 billion illicitly leaves Africa, mostly to the Western countries, on an annual basis.Adeyinka Adeyemi, a senior adviser at ECA, said in New York that if the sum is repatriated, the continent would need no aid from its Western counterparts.He added that after decades of research, it was discovered that at least one trillion [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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