The central parity rate of the Chinese currency renminbi, or the Yuan, weakened nine pips to 7.1891 against the dollar on Tuesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan can rise or fall by two per cent from the central parity rate each trading…
No fewer than 14,500 youngsters have been killed in Gaza in the past 14 months, as humanitarians condemned new deadly airstrikes across the war-torn Strip, including on a UN school-turned-shelter. Many thousands more are believed buried under the rubble, according to UN Children’s Fund (UNICEF) while no fewer than 45,000 people have been killed in…
Vice-President of ECOWAS Commission, Damtien Tchintchibidja, says about two million West/Central African women and girls have benefited from Sub-Saharan Africa Women’s Empowerment Demographic Dividend plus (SWEDD) project in 10 years. Tchintchibidja made this known while officially inaugurating a new phase of the project tagged: SWEDD+, on Monday, in Abuja. The News Agency of Nigeria (NAN)…
Prof Kevin Urama, Chief Economist and Vice President, Economic Governance and Knowledge Management, African Development Bank (AfDB), says the continent needs 74 billion dollars in 2024 for debt service. Urama disclosed this at the launch of the Debt Management Forum for Africa (DeMFA) and its innaugural policy dialogue on Monday in Abuja. The theme of…
Vice-President Kashim Shettima is scheduled to hold a bilateral meeting with the Chairman, Islamic Development Bank (IsDB) Group, Dr Muhammad-Sulaiman Al-Jasser, in Jeddah, Saudi Arabia, on Dec. 20. This is contained in a statement on Monday by Mr Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications, Office of the Vice President….
Ghana’s president-elect, John Dramani Mahama, has pledged to revamp the cocoa sector and reorganise the state-run regulator, aiming to stimulate growth and improve efficiency in the world’s second-largest cocoa producer. In an interview with Reuters on Friday, he criticised the cocoa industry structure where the cocoa marketing board (COCOBOD) competes with farmers for profits. “Can…
World Trade Organisation (WTO) members agreed on Monday to hold the next ministerial conference in Cameroon in early 2026, it said in a statement. The WTO holds such conferences every two years where trade ministers from around the globe gather to try to reach deals to set or update new trade rules. The statement indicated…
South Korea’s law enforcement authorities on Monday summoned impeached President Yoon Suk Yeol for questioning over charges of insurrection and abuse of power related to his failed attempt to impose martial law. The joint investigation team, consisting of the police, the Corruption Investigation Office for High-ranking Officials, and the defence ministry’s investigation unit, said it…
European Union foreign ministers plan to meet in Brussels on Monday to discuss recent developments in Syria and Georgia also wars in Ukraine and the Middle East as well as the political situation in Belarus. Ministers are set to adopt the 15th round of new sanctions on Russia since its full-scale invasion of Ukraine in…
The authority of ECOWAS heads of state and government on Sunday set Jan. 29, 2025 to July 29, 2025 as a transitional period to keep ECOWAS doors open to Burkina Faso, Republic of Mali and the Republic of Niger. Dr Omar Touray, President of the ECOWAS Commission, said this while reading the Communique at the…
