The climate projects that benefit from this system range from reforestation and forest conservation to renewable energy and carbon-storing agricultural practices By NJ Ayuk One of the most promising outcomes of the COP27 climate conference last November was the launch of the African Carbon Markets Initiative (ACMI). This African-led initiative…
Author: Business Editor
By Emmanuel Ado “The essence of government is power; and power, lodged as it must be in human hands, will ever be liable to abuse”. -James Madison The Nigerian economy is predominately cash-based with a huge informal sector relying heavily on cash transactions. In 2022 the Central Bank of Nigeria…
In its avowed commitment to revolutionize the aviation industry, United Nigeria Airlines Company Limited has introduced an innovative payment system that will boost the capacity of its passengers to fly the airline at a minimal cost. The new payment system, known as Pay Small Small (PSS), will allow passengers to…
The ongoing stress of the global pandemic, war, inflation and global uncertainty has made it difficult for people to manage everyday decision-making. As a recent survey by the APA found, one-third of people have such high-stress levels that they are battling to decide what to wear or what to eat.…
The number of backdoor computer malware detected in Q2 2022 in South Africa, Kenya and Nigeria increased significantly compared to the previous quarter, hitting new records and posing challenges to cybersecurity professionals in enterprise and government agencies, Kaspersky Security Network has said. A backdoor is one of the most dangerous…
Following the suspension of scheduled flight operations by Aero Contractors, the Airline Operators of Nigeria (AON), has alerted the Nigerian Civil Aviation Authority (NCAA) of the possible shutdown of the aviation sector over scarcity and increased cost of aviation fuel. The association also cried out over the scarcity and high…
By African Energy Chamber Local content regulations and the implementation of the AfCFTA have triggered the creation of a highly competitive domestic hydrocarbons market within Africa’s second-largest oil producer Nigeria represents one of the continent’s most mature oil and gas markets as well as the second largest oil producer in…
Ecobank has been presented with the coveted titles of ‘Africa’s Best Bank,’ ‘Africa’s Best Bank for SMEs,’ and ‘Africa’s Best Digital Bank’ which it won at the Euromoney Awards for Excellence. The award, which has been running for 30 years, is highly regarded by the global banking industry. Ade Ayeyemi,…
The United Bank for Africa (UBA), Africa’s global bank has extended its operations to the United Arab Emirates (UAE), with the official launch of its new branch at the Dubai International Financial Centre (DIFC). United Bank for Africa Plc (DIFC Branch) will operate under the Category 4 license and will…
President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina enjoined the Irish business community to invest more in Africa. Ireland, which joined the bank in 2020 as its 81st shareholder, has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last…