Africa has been losing from 5 to 15% of its GDP per capita growth because of climate change and its related impacts, but needs about $1.6 trillion between 2022 and 2030 to meet its nationally determination contributions, says African Development Bank Group (www.AfDB.org) Acting Chief Economist and Vice President Kevin…
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The Government of the Arab Republic of Egypt and the African Development Bank Group have signed a memorandum of understanding on the hosting of the Bank Group’s 2023 Annual Meetings in May next year. The meetings, which comprise the 58th annual assembly of the African Development Bank and the 49th…
The President of the African Development Bank Group, Dr. Akinwumi Adesina, has welcomed 12 new representatives of the 20-member Board of Directors. They officially joined the Board on 1 August 2022 and began a four-day induction programme on 1 September 2022 to familiarize themselves with the work of the Bank.…
Group Chief Executive Officer of Ecobank, Ade Ayeyemi, is set to leave the bank after attaining the age of 60. He will be replaced by Jeremy Awori, who once headed Absa Bank Kenya. Ecobank Group Chairman, Alain Nkontchou, said Ayeyemi’s retirement is in accordance with the bank’s policy. Nkontchou thanked…
Chidimma UCHEGBU, Abuja The Senate committee on Tertiary Institutions and Tertiary Education Trust Fund (TETFund) has said there is the need for an increase in tertiary institutions tax from 2.5 percent to three percent to improve research and development in the country.The committee made this submission during its oversight visit…
Three Nigerian citizens Oludayo Kolawole John Adeagbo (aka John Edwards and John Dayo, 43), Donald Ikenna Echeazu (aka Donald Smith and Donald Dodient, 40), and Olabanji Egbinola, 42, have been extradited from the United Kingdom (UK) and arrived in the United States in relation to their alleged participation in multimillion-dollar…
Chidimma UCHEGBU The Tertiary Education Trust Fund (TETFund) says it will commence the construction of its North-Central zonal office in Nasarawa State, in January 2023. Executive Secretary of TETFund, Arc. Sonny Echono, made this known during a courtesy visit to the Fund by Governor Abdullahi Sule of Nasarawa State on…
Chidimma UCHEGBU, Abuja An Information and Communication Technology (ICT) firm, International Control System (ICS), has dismissed a report by an online newspaper that alleged that it was awarded a N289.8 million contract to supply office stationeries to Joint Admissions and Matriculation Board (JAMB). ICS, which dismissed the report that called…
Chidimma UCHEGBU, Abuja The National Association of Academic Technologists (NAAT) has suspended its nationwide strike for three months. National President of NAAT, Comrade Ibeji Nwokoma, made this known while addressing newsmen after the National Executive Council meeting of the union in Abuja on Thursday. Nwokoma said NAAT had embarked on…
Chidimma UCHEGBU, Abuja The Vaccine Development efforts of the Tertiary Education Trust Fund (TETFund) have started yielding results as the COVID-19 vaccine project sponsored by the Fund would be ready for the first clinical trial in November this year. The project, which is a mega research grant intervention tagged ‘Accelerated…