Witty Global blog

  President Bola Ahmed Tinubu has arrived in Paris, France, preparatory to the Summit on New Global Financing Pact, which will be hosted by President Emmanuel Macron.  On Wednesday, President Tinubu will be briefed by Ambassador Laro, Permanent Secretary Adamu Lamuwa, and other officials regarding Nigeria's stance on the Summit and the planned sideline meetings with various leaders and multilateral institutions. The President is set to attend a two-day Summit starting on Thursday, June 22 and ending on Friday, June 23. The Summit explores ways to help countries facing immediate financial difficulties, particularly the most indebted ones, recover their fiscal space. Additionally, the Summit seeks to generate innovative financing for countries susceptible to the effects of climate change, as well as economies grappling with the consequences of Covid-19 and the energy crisis. On Tuesday evening, President Tinubu arrived at the airport and was welcomed by Ambassador Kayode Laro and oth

  The global banking turmoil over the past two weeks following a series of lovely bank collapses in Europe and America, has proven that Nigerian banks need to be more vigilant and shield towards screw ups, a new report through Agora Policy, an Abuja-primarily based think tank, has said Despite a series of rescue programs for troubled lenders and the assurances of governments and economic regulators, worries about the fitness of the global economic gadget persist in the aftermath of the March 10 crumble of Silicon Valley Bank (SVB). Financial experts stated what came about to SVB is in a extensive sense very much like what's happening with Credit Suisse. According to the report, the worries inside the worldwide banking device aren't confined to SVB and Credit Suisse as many traders are asking comparable questions on many different banks. As a signal of those nerves, the Nasdaq bank index, an index which tracks the inventory costs of a number of the biggest banks, turned into dow