Heightened violence and insecurity in the north-west and north-central regions of Nigeria has become an existential threat to many. Reported security incident trends show the regions experienced 65% of the total security incidents in Nigeria in the first quarter of 2022, with 2,331 fatalities. Bandits are largely responsible for stoking violence and insecurity in these…

Countries are cutting billions in spending at a time when they should be investing massively in public services and decent jobs. In a continent where 1.1 billion people live under $5.50 a day, a slew of connected, damaging events - climate change, ballooning external debt, a sharp spike in food and commodity prices - are…

The five permanent members (P5) of the UN Security Council (UNSC) - UK, US, France, China and Russia - have exercised their veto powers primarily to protect their own national interests or the interests of their close political and military allies. But a proposed new resolution before the General Assembly (GA)- entitled "Standing mandate for…

The Niger State Government has appealed to the federal government to direct more military operations in terrorists infested local government areas of the state. The state government named the affected local government areas as Shiroro, Munya and Rafi. The Commissioner for Local Government and Internal Security, Mr. Emmanuel Umar, in a statement made available to…

As Angolans approach general elections in August, only one in five citizens say they trust the National Electoral Commission, a new Afrobarometer survey shows. While about half of Angolans say the commission does its job in a neutral fashion, trust in the election management body has declined from already low levels recorded three years ago.…

The Lagos State Government has warned that any construction site without the presence of at least a professional will be sealed off and the developer sanctioned as it will commence site by site inspection to force compliance. This is part of the state government’s efforts to stem the tide of building collapse in the construction…

Coronation Merchant Bank Limited has issued and quoted a N25 billion Series 1 and 2 Commercial Paper under its N100 Commercial Paper programme. The proceeds from this programme would be channelled towards meeting the bank’s short-term working capital requirements. The Issuance will be across 182 and 269-day tenors for a target amount of up to…

The UK would allow payments to Russian Gazprombank and its subsidiaries for gas going to European Union countries would be allowed until the end of May. Last month, the United Kingdom placed sanctions on Gazprombank, giving counterparties until April 23 to wind down their operations with the lender, which is one of the primary payment…

The Pan-African Payments and Settlement System (PAPSS) will work with Buna, the Arab Regional Payments Clearing and Settlement Organization, to establish a financial gateway between Africa and the Arab world. The Arab Monetary Fund (AMF) and the African Export-Import Bank (Afreximbank) signed a Memorandum of Understanding (MoU) yesterday that lays the groundwork for cooperation and interoperability between…

A 32-year-old Zimbabwean man, Andrea Imbayarwo has been slapped with two life sentences by a South African High Court for raping and killing a British businesswoman in Thabazimbi in the Waterberg District. Imbayarwo who committed the offence in 2014, was convicted of committing the two crimes when he appeared at the Limpopo Division High Court…

A Mozambican woman and her 11-month-old daughter drowned in the Limpopo River on Thursday morning when a wood raft they were using to cross the river from South Africa, capsized 3km west of the Beitbridge Border Post. Three other people who were helping them illegally cross the border managed to swim to the Zimbabwean side…

Ho — Felix Azumah,40, unemployed,has been arrested for allegedly posing as a staff of the Electricity Company of Ghana (ECG) and extorting money fromcustomers. The suspect, who is believedto have also defrauded ECG customers, at Atta Kofi and Akum, in the Nkwanta South Municipality of the Oti Region, was grabbed after residents lodged a complaint…