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Nigeria’s Lidya plans $1.1 billion SMEs loans for Czech, Poland

Nigerian fintech lending platform, Lidya, is targeting Poland and the Czech Republic for expansion after providing thousands of loans in Nigeria, seeing an opportunity in the funding gaps facing small enterprises in fast-growing European economies.
Leader of Poland’s ruling Law and Justice (PiS) party, Jaroslaw Kaczynski addreses supporters after the first exit polls during the party’s electoral evening in Warsaw, Poland, on October 13, 2019. – Poland’s governing right-wing Law and Justice (PiS) party won the general election in Poland, expanding its majority, according to an exit poll by the Ipsos institute. (Photo by Wojtek RADWANSKI / AFP)

Populists top Poland vote, expand majority on welfare, family values

Poland’s governing right-wing party took the lead in Sunday’s general election, an exit poll showed, expanding its majority thanks to a raft of welfare measures coupled with attacks on LGBT rights and Western values.

Climate change: Nuclear power game changer – IAEA

Climate change is one of the greatest challenges of our time and the goal of reducing greenhouse gas (GHG) emissions will be difficult to achieve without a significant increase in the use of nuclear power, IAEA Acting Director General Cornel Feruta said today.
Ukraine’s President Volodymyr Zelensky was urged by Trump in a July 25 phone call to investigate Democrat front-runner Joe Biden and his son Hunter, who was tied to a company owned by a Ukrainian oligarch.

Donald Trump scandal puts Ukraine’s president in akward position

Ukraine’s actor turned president may have been used to spotlight but revelations involving a phone call with U.S. President Donald Trump has shone a light on his inexperience, which could result in Ukraine being played as a political football.

Expert: Retention of MPR at 13.5 percent in order

Mr Tope Fasua, an economic expert, said the retention of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) was in order.
Facebook

France seeks Facebook Libra cryptocurrency ban in Europe

France’s economic minister declared that the French government intends to block the development of Facebook’s Libra cryptocurrency in Europe because of the systematic threats it poses to financial security and stability.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

France will block development of Facebook Libra cryptocurrency

France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
French Economy Minister Bruno Le Maire. Getty Images

US, France to lead talks on a global digital tax

France and the United States are taking leading roles in talks aimed at reaching a deal on a global digital tax by mid-2020.

African leaders to invest $1 trillion on infrastructure

African nations are targeting to invest $1 trillion over the next 10 years to bridge the worrisome infrastructure gap on the continent.

US tech industry leaders: French digital service tax harms global tax reform

Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it.
President Trump began his re-election rally by hammering his rivals and heralding his perceived successes. Erin Schaff-The New York Times

France faces Donald Trump on planned tax

France won’t back off from its planned tax on companies like Facebook and Google, even after the US suggested it may use trade tools against the levy.

UNHCR: 70 million people displaced globally by war, violence

The United Nations High Commissioner for Refugees (UNHCR), Filippo Grandi, has said that over 70 million people have globally been displaced by war, violence, sometimes combined with poverty or climate change.
Jose Angel Gurria

OECD: Millennials are been squeezed out of middle class

The middle class is getting squeezed and it is the millennial generation above all that is bearing the brunt, the Organisation for Economic Co-operation and Development has said, urging action to help households struggling with the rising cost of education and housing as incomes stagnate.

Oil prices rise to multi-month highs

Oil prices have surged to their highest level in months, with the US West Texas Intermediate rising above $58 per barrel and Brent trading north of $67.
South Korea's air quality was the worst among its peers in the Organisation for Economic Co-operation and Development as of 2017 [Kim Hong-Ji-Reuters]

South Korea steps up fight against pollution

South Korea on Wednesday ramped up its firepower as its battle pollution, passing a set of bills that designate the problem a 'social disaster' and which could unlock emergency funds to tackle the issue.
US crude oil

Oil rises on ongoing OPEC-led supply cuts, fall in US rig count

Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.
OECD

OECD: Gender equality advances in spite of legal, social barriers

The Organisation for Economic Cooperation and Development (OECD) on Friday said countries around the world are making progress on gender equality, but legal discrimination and social norms are hampering advances.
US President Donald Trump speaks before a meeting between US and Chinese officials in the Oval Office of the White House January 31, 2019 in Washington, DC. (Photo by Brendan Smialowski - AFP)

US trade deficits hit embarrassing high despite Donald Trump’s trade wars

President Donald Trump’s global trade offensive has posted a resounding failure with government data showing America’s trade deficit in 2018 hitting the highest level in a decade.

Recent Stories

The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti government to reconstruct Ado township roads

Ekiti State governor, Kayode Fayemi, at the weekend said his administration would soon begin the reconstruction of Ado township roads many of which have become deplorable as a result of lack of maintenance in the last four years.
Governor Dapo Abiodun of Ogun State has assured industrialists in the state of his administration’s readiness to put an end to the deplorable state of road network affecting manufacturers and other road users in the state.

APC: Governor Abiodun’s appeal court victory, true reflection of people’s wishes

The All Progressives Congress (APC) in Ogun State, has described the victory of the state governor, Dapo Abiodun, at the Appeal Court as a true reflection of the overwhelming wishes of Ogun people, freely expressed in the March 9 governorship election.

Anti-Ebola radio station closes down after broadcaster’s murder

A local radio station that has been involved in the fight against Ebola in eastern DR Congo said Monday it was closing down after one of its broadcasters was murdered.

Bayelsa guber: NGO preaches against violence, vote buying

Coalition for Development and Democracy in Bayelsa (CDDB), a Non-Governmental Organisation, has admonished political parties to refrain from violence or monetary inducement in the Nov. 16 governorship election in the state.

Aisha Buhari counsels parents on moral upbringing of children

The First Lady, Aisha Buhari, has challenged parents to take charge of their families by ensuring good moral upbringing of children so as to minimise crime in the society.