President

President Buhari, others to grace CIBN Banking and Finance Conference

The theme of the Conference is: “Economic Recovery, Inclusion and Transformation; The Role of Banking and Finance.”

According to him, the conference is expected to reposition the banking and finance industry as a catalyst for economic recovery, inclusive growth and transformation.

He said the conference scheduled to hold on Sept.14 and Sept. 15, would be co-chaired by Managing Directors of Unity Bank Plc and Jaiz Bank Plc, Mrs Tomi Somefun and Mr Hassan Usman, respectively.

“This year’s event is a paradigm shift from previous conferences, with a strategy to enhance the quality of knowledge shared and full

Read More

Finance overlooks climate because it’s ‘mesmerized by the magic of markets’: WWF International president

The European Central Bank this month announced it would factor climate change considerations into its policy decisions, and the Bank of Japan launched an effort to finance projects that address the warming planet.

Those moves mark the latest steps taken by some of the world’s largest financial institutions to aid the environmental fight. 

But the financial sector as a whole remains slow to recognize and address the costs of climate change, says Pavan Sukhdev, president of WWF International, one of the world’s leading environmental advocacy groups. 

The industry’s focus on financial capital results in neglect for value derived from the

Read More

Brazil Opens Criminal Probe Into President Over Indian Vaccine Deal

SÃO PAULO—Brazil’s Supreme Court authorized prosecutors to investigate President Jair Bolsonaro over accusations he ignored alleged irregularities in his government’s procurement process to buy India’s Covaxin Covid-19 vaccine.

The investigation comes as the former army captain, who is planning to run for re-election next year, already faces criticism from public health experts for his handling of Covid-19, which has killed more than a half a million Brazilians.

However, political scientists said Mr. Bolsonaro still holds enough support in Congress to quash any legal proceedings against him. In Brazil, criminal charges against a president that would emanate from an investigation can

Read More