Author: Adejuyigbe Adegoke

According to data shared on the subject matter by International Monetary Fund (IMF), the map attached highlights the five African giant economies whose combinedGDP equals that of the rest of the continent. Data is sourced from the International Monetary Fund (IMF), which was last updated April 2024. Know The Giants The Big 5 African economies are: South Africa – 🇿🇦 $373.23 Egypt – 🇪🇬 $347.59 Algeria – 🇩🇿 $266.78 Nigeria – 🇳🇬 $252.74 Ethiopia – 🇪🇹 $205.13 The above listed five countries have a combined GDP of $1.4 trillion. The rest of Africa, 48 countries in total, also have a combined GDP of…

Unfolding event of the Peoples Democratic Party, (PDP) in the Southeast Zone has seen the National Vice Chairman, Mr. Ali Odefa, suspended from the party. Following some suspicious moves of Mr. Ali Odesa, The Ward Executive Committee, led by acting ward chairman, Herbert Ovuta, conveyed a press gathering to announce the suspension of its national vice chairman, Southeast Zone, in Onicha Local Government Area on Friday. As attached, the VC, Odefa was accused of engagement in “anti-party activities.” Flanked by other committee members, acting ward chairman Ovuta stated: “We are here to inform you of the resolution of the Oguduokwor…

Bill Gates has dropped to number 9 on the latest America’s wealthiest people’s ranking. This fall was deduced to have been caused by the divorce from Melinda French Gates, who now ranks among the wealthiest women on earth at $29 billion. Gates remains focused on philanthropy through his foundation, despite the decrease in his net worth. Held the radar up until last year 2023, Bill Gates no longer rank as the wealthiest man, as net worth slips significantly. The billionaire philanthropist’s ranked on the 2023 list of America richest as the wealthiest individual as now dropped. Bill Gates has maintained…

Bank of Industry – (BoI), at their annual public lecture, on Wednesday has reported some significant steps made across boards, to put Nigeria on the right path for growth, Olasupo Olusi – Managing Director (MD), said at the event. The Bank also at the event launched a mobile app, Pricesenseng, to check food prices in eight states in the federation of Nigeria. Olusi presented “Pricesenseng” as a price intelligence dashboard and mobile app for real-time monitoring of price variations of food commodities such as rice, beans, tomato, maize and other daily consumables in different states across the country. The event…

The United States has welcome the signing of a landmark $480 million Millennium Challenge Corporation (MCC), grant to the Government of Sierra Leone to boost access to electricity, and foster sustainable economic growth, and to improve the quality of life of its citizens. This grant, coupled with a voluntary contribution of $14.2 million from the Government of Sierra Leone, will fund transformational energy sector investments to deliver affordable and reliable electricity for 4.6 million people. The grant will substantially improve the operation of the electrical grid and increase the availability of affordable and reliable electricity for households, businesses, and social…

In case you’re still doubting the information of JPMorgan Chase’s plan to expand further into Africa, here is to confirm to you that, CEO Jamie Dimon, is expected to visit Nigeria, Kenya, South Africa, and Ivory Coast in mid-October 2024 as part of the bank’s strategy to strengthen its foothold in Africa. The focus will be on exploring opportunities in financial markets such as sovereign debt, corporate transactions and wealth management. JPMorgan already operates in Nigeria and South Africa, providing asset management, wealth management, and investment banking services. This upcoming visit marks Dimon’s first trip to the continent in seven…

A Federal High Court ruling in Abuja, presided over by Justice Evelyn Maha has barred the Directorate of Road Traffic Services, popularly known as VIO from stopping, confiscating, and imposing fines on motorists. The fundamental rights enforcement suit – FHC/ABJ/CS/1695/2023, was filed by a human rights and public interest attorney, Abubakar Marshal. Justice Maha issued the order on Wednesday October 2, 2024. The judgement affected the Director of Road Transport; the Area Commander, Jabi, and the Team Leader, Jabi, and the Minister of the Federal Capital Territory, FCT, also listed as respondents. Upholding Marchal’s argument that no law empowers the…

The National Information Technology Development Agency (NITDA), has issued a serious security alert about a vulnerability affecting over 5 million websites globally. Linked to the widely-used ‘LiteSpeed Cache plugin’. If happen to be a business owner running a WordPress website in Nigeria, you need to act fast. Get Knowledge About The Issue The issue identified as CVE-2024-28000, lies within the LiteSpeed Cache plugin’s “role simulation” feature, which hackers can exploit to gain full administrative control of your site without needing a password. Once inside, they can: – Install malicious plugins. – Steal sensitive data. – Redirect visitors to malicious websites.…

United States President, Joe Biden has yesterday, signed the Presidential Determination on Refugee Admissions for Fiscal Year 2025, again setting the refugee admissions target at 125,000 for the upcoming fiscal year, as we have for each year of the present U.S Administration. Refugee resettlement exemplifies the generosity that has always been at the core of the American spirit and reflects the critical role of the United States as a global leader in providing refuge to people fleeing persecution overseas. In Fiscal Year 2024, U.S resettled 100,000 refugees, the largest annual number in three decades. This is a testament to our…

News springing out of the Aso villa has hinted Nigerians on President Tinubu’s scheduled two-week vacation, and United Kingdom is the destination. The president has departed Abuja for the UK today, Wednesday via the Nnamdi Azikiwe International Airport. His trip was disclosed by his Special Advisor on Information and Strategy, Bayo Onanuga, via a statement. According to Onanuga, Tinubu’s UK trip is part of his annual leave. “He will use the two weeks as a working vacation and a retreat to reflect on his administration’s economic reforms,” the statement reads. “He deduced that the President will return to the country…

The commander of U.S. Africa Command, U.S. Marine Corps Gen. Michael Langley, Secretary of the Navy Carlos Del Toro, and African Ambassadors to the U.S. met Sept. 24 in Washington, D.C., to discuss U.S.-Africa partnerships and their shared commitment to fostering security, stability, and prosperity. This meeting, consisting of African maritime nations, provided insight on affirmed relations, current challenges as well as opportunities for advancements. “While Africa is on the front lines of many of the world’s most urgent shared threats, maritime operations play a critical role in ensuring the security, stability, and access to its borders,” Langley mentioned. “Over…

The United States, via USAID, has announced a $5 million in humanitarian assistance to support refugees in Libya, who are affected by the ongoing conflict and humanitarian crisis in Sudan. Since the start of the crisis, nearly 2.2 million people have been forced to flee Sudan in search of safety elsewhere in the region, including Libya.  This assistance for two USAID partners, UNICEF and the UN World Food Program (WFP), will help meet the urgent needs of Sudanese families who have been forced to flee their homes to Libya. The support for UNICEF will help provide thousands of children under…