Ghana’s sovereign dollar bonds dropped more than 2 cents in the dollar on Monday after the government announced it was suspending payments on Eurobonds, external commercial loans and some bilateral debt. The 2027 maturity fell the most, down as much as 2.3 cents to receive bids at 34.739 cents in the dollar, according to Tradeweb data. A 2030 Eurobond with a partial World Bank guarantee suffered the smallest declines, down 1.556 cents to 66.9 cents.
Author: TheStories
The establishment of International Space Station (ISS) took 12 years with major support from the five nations in addition eleven other nations who made different level of contributions. US President Reagan was the brain behind ISS who then conceived the idea of a relatively permanent space station in 1984 and directed NASA to build it. At that time, many thought of the idea as braggadocio of American leadership after its outstanding success of sending people to moon under the Apollo 11 project fifteen years earlier. The International Space Station became a reality and from November 2000 to date, the station…
By Justina Auta The Minister of Women Affairs, Mrs Pauline Tallen said more than 82,722 women were trained in Information Communication Technology (ICT) and artisanship, among others, between 2015 and 2022. She disclosed this during the 13th edition of the President Muhammadu Buhari Scorecard series organised by the Federal Ministry of Information in Abuja. She said that the ministry, through the support of Mistries, Departments and Agencies (MDAs) and partners, trained women, children and vulnerable groups in various skills as part of empowerment strategy by President Muhammadu Buhari to lift 100 million people out of poverty. She added that 144…
Today, products, services, and experiences are all being swept up in the phenomenon of Everything-as-a-Service (XaaS) – remote and on demand access to any business offering provided as a service The ‘as-a-service’ model, whereby businesses can subscribe to a service or offering without the need to pay upfront, has revolutionised B2B operations forever. It was initially introduced, with Software-as-a-Service (SaaS), a pioneering business model for accessing software through the cloud. SaaS helped businesses offer a standard, distributed solution at a lower cost of entry. This new model also meant that customers no longer needed to worry about large installation and…
Senator Aliyu Magatakarda Wamakko (APC-Sokoto) has joined Nigerians in criticizing the Governor of the Central Bank of Nigeria(CBN), Godwin Emefiele over the redesign of the Naira notes and the new controversial cash withdrawal limit set by the CBN. Wamakko, a former Sokoto state governor in Abuja on Friday described the twin policies as unnecessarily diversionary, controversial, unthoughtful, and designed to plunge Northerners into deeper misery. He also noted that the policies were the sole creation of the Central Bank Governor, warning that Emefiele would be called to account in the fullness of time for all the sufferings resulting from his…
The high-yielding material benefits accruing to insurgents and kidnappers from their dreaded activities in Nigeria in the last decade acan no longer be seen as stand-alone issues. They have so much infected other people in different activity areas that almost everyone has since developed the tendency to take advantage of every and any opportunity to profiteer. No wonder, one popular cleric once concluded that based on the huge ransom which its practitioners are accumulating, kidnapping could be regarded as a lucrative commercial activity. On their part, expert oil thieves have been allegedly busy devising new methods to ward-off government’s arrangements…
Delegates of South Africa’s ruling African National Congress (ANC) gathered on Sunday to choose a new party leader, pitting President Cyril Ramaphosa against former health minister Zweli Mkhize. The winner, who will run for president under the ANC banner in elections in 2024, has been more or less guaranteed to become president in the three decades since Nelson Mandela ended white minority rule in the country. But this is no longer a certainty as the ANC’s popularity has waned over that period and the party faces the possibility of losing its majority for the first time. More than 4,400 delegates…
The National Emergency Management Agency (NEMA) has presented relief materials to 4,215 flood victims in three local government areas of Kano state. Mustafa Habib, the Director-General, NEMA, said this at the distribution of the materials to the beneficiaries on Sunday in Warawa, Dawakin Kudu LGA of the state. Habib, represented by NEMA Coordinator Kano Territorial Office, Dr Nuradeen Abdullahi said the items were meant to alleviate the suffering of the victims. He advised residents to adhere to the yearly precautions by the Nigeria Metrological Agency (NiMet) on flooding to prevent future flooding. Habib urged the beneficiaries to ensure judicious use…
The National Youth Service Corps (NYSC) has warned corps members willing to participate in the 2023 general elections to be neutral and apolitical. Mrs Christy Uba, the acting Director General of NYSC, said this while addressing corps members at the Mbaukwu/Umuawulu Permanent Orientation camp, Awka South Local Government Area of Anambra on Saturday. Uba witnessed the cultural carnival of the scheme organised for members of 2023 Batch C in Anambra. The Ag DG said election duty was voluntary for corps members and those who wished to take part must eschew all forms of malpractice that could undermine the integrity of…
The World Health Organisation (WHO) says it plans to transform the future of public health by targeting three billion people by 2023. Dr Mie Okamura of the Emergency Preparedness and Response, WHO, said this in Abuja on Saturday during the “Walk The Talk’’ peace awareness exercise. Okamura said the WHO Walk The Talk was part of awareness creation on Non-Communicable Disease (NCDs) and to promote exercise. According to her, NCDs include heart disease, cancer, chronic respiratory disease and diabetes. “This is what we call walk the talk, which is being done every week to sensitise the population and communities to…