The International Finance Corporation claims that commodity price increases is more severe in African nations

The International Finance Corporation claims that commodity price increases is more severe in African nations Although food is a basic human need, not everyone has access to it. On a continent the size of Africa, food security is still a major problem that affects millions of people in various ways throughout its member states. Insider Business Africa shows which African nations were most severely affected by food inflation in February. Africa’s most afflicted countries continue to experience substantial national food price inflation. The World Bank is the source of this…

Because additional nations are trading outside of Africa, the AfCFTA is unable to increase Africa’s contribution to world trade above 3%

Because additional nations are trading outside of Africa, the AfCFTA is unable to increase Africa’s contribution to world trade above 3% Africa continues to participate in less than 3% of world commerce, with merchandise trade accounting for the majority of this involvement in 2023, according to a report by the Economic Commission for Africa (ECA) on the evaluation of regional integration efforts in Africa.  Even though the AfCFTA agreement was formally launched in 2021, intra-African commerce has not improved as anticipated. Instead of interacting among themselves, African nations still trade…

World Bank: Engaging in women and girls will boost their lives and reshape the global financial system

World Bank: Engaging in women and girls will boost their lives and reshape the global financial system Girls who gain knowledge and are motivated see the value in themselves, drive profitable economies, and improve society and all of humankind.  According to the World Bank, empowering women and girls is essential to transforming economies and enhancing the quality of life for everyone. In honor of the celebration of International Women’s Day (IWD) in 2024, the bank made this announcement in its regional publication on “Girl Power for Africa: Accelerating Equality in…

Adunni Ade claims that her complexion tone prevented her from landing roles in Nollywood

Adunni Ade claims that her complexion tone prevented her from landing roles in Nollywood The actress claimed that, despite living in a nation where black people predominate, she is not taken into consideration while writing scripts. Adunni Ade has been candid about the difficulties she had in the beginning in Nollywood getting parts due to her skin tone. In an appearance with Channels TV, the actress—whose father is Nigerian and whose mother is Irish by birth—said that it was difficult for her to get acting roles because “scripts do not…

We Are Skitmakers – Yul Edochie Denies Marriage To Judy

We Are Skitmakers – Yul Edochie Denies Marriage To Judy Yul Edochie, a controversial actor, has clarified that he is not married to Judy Austin, whom some call his ‘second wife’. This statement comes in response to a lawsuit against him by his ex-wife, May Edochie. May accused Yul of adultery and initiated divorce proceedings. Yul informed the court that his association with Judy Austin was solely to create skits and no legally recognized union exists between them. According to a report by Premium Times, May’s legal team, led by…

Kidnappers Of 16 Kaduna Residents Demand N40 Trillion Ransom

Kidnappers Of 16 Kaduna Residents Demand N40 Trillion Ransom Bandits who kidnapped no fewer than sixteen residents citizens of Kaduna State recently have reportedly demanded a ransom of N40 trillion for their release. A community leader in the Gonin Gora area of Kaduna metropolis where the incident happened, John Yusuf, disclosed during a telephone interview with The Nation Newspaper on Monday. The assailants had on Wednesday, February 28, attacked the Gonin-Gora community, which is located in the Chikun Local Government Area, whisking away the innocent residents. The kidnappers have now…

Provide Land For Grazing – Tinubu Tells Govs

Provide Land For Grazing – Tinubu Tells Govs President Bola Ahmed Tinubu has directed state governors to allocate grazing land for pastoralists during. He highlighted that this provision would effectively resolve the ongoing conflicts between farmers and herders, ultimately preventing the loss of lives and agricultural produce. Tinubu urged the governors to prioritize wage awards for workers, aiming to alleviate the significant population suffering from hunger and hardship. These remarks were made during the inauguration of the agricultural mechanization revolution for food security and the unveiling of the renovated domestic…

I Never said Tinubu Was Operating Two Budgets – Senator Ningi

I Never said Tinubu Was Operating Two Budgets – Senator Ningi Senator Abdul Ningi (PDP-Bauchi Central) has refuted the claim that he stated President Bola was operating two different budgets for 2024. Earlier, BBC Hausa reported that Ningi made this statement during an interview with the media outlet. The report quoted Ningi as having spoken under the banner of the Northern Senators’ Forum and claimed that the National Assembly passed N25 trillion as the 2024 budget and not the N28.7 trillion that the Federal Government was implementing. However, Ningi, on…