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☆ Nigeria battles to halt spiraling currency crisis and rising food insecurity
▼ + stars: | 2024-03-05 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

IBADAN, Nigeria - Feb. 19, 2024: Demonstrators hold placards during a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024. Inflation hit an annual 29.9% in January, driven by soaring food prices that have triggered a cost-of-living crisis in Africa's largest economy. The naira currency, meanwhile, plunged to an all-time low of around 1,600 against the U.S. dollar in late February. "With about 8 percent of Nigerians deemed food insecure, addressing rising food insecurity is the immediate policy priority." IBADAN, Nigeria - Feb. 19, 2024: Demonstrators are seen at a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024.

Persons: Samuel Alabi, Bola Tinubu's, David Omojomolo, Olayemi Cardoso Organizations: Afp, Getty Images, International Monetary Fund, U.S, Bloomberg, Getty, Washington, D.C, IMF, Central Bank of, Capital Economics Locations: IBADAN, Nigeria, Ibadan, Getty Images Nigeria, Africa's, LAGOS, Lagos, Africa

☆ Southern California neighborhoods that attract the rich and famous are also some of the hardest-hit areas during major storms
▼ + stars: | 2024-02-06 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs an atmospheric river pounds Southern California with a historic deluge of rain, some of the hardest-hit areas also happen to be among the most desirable zip codes. Beverly Hills and the Hollywood Hills of Los Angeles were both under flash flood warnings on Monday. AdvertisementFurther from Los Angeles, other areas that draw the wealthy also tend to be at an increased risk of flooding and landslides when huge quantities of rain hit the state. AdvertisementMontecito's fire chief told the Los Angeles Times that this storm could be more intense than the one that hit in January 2023.

Persons: —, Todd, Keki Mingus, I've, Ellen DeGeneres, Prince Harry, Meghan Markle, DeGeneres, David Neels Organizations: Service, Beverly, Hollywood, Beverly Hills, Business, National Weather Service, NWS, Census Bureau, Santa, Los Angeles Times, Bel Air, Studio, KTLA, Associated Press, Montecito Fire, LA Times Locations: Southern California, Beverly Hills, Los Angeles, Hollywood, Santa Monica, Malibu, Pacific, Bel, Studio City, Sherman Oaks, Encino, Topanga, Woodland Hills, City, Montecito, Santa Barbara

NEW YORK (AP) — Lorrie Moore, Naomi Klein and the Egyptian writer Ahmed Naji are among the finalists for National Book Critics Circle awards. Honorary prizes are going to Judy Blume and to a longtime ally of Blume's in the fight against book bans, the American Library Association. On Thursday, the critics circle announced nominees in seven competitive categories, ranging from fiction to debut book to best translation. The other fiction nominees are Justin Torres' “Blackouts,” winner of the National Book Award last fall; Teju Cole's “Tremor,” Daniel Mason's “North Woods”; and Marie NDiaye's “Vengeance Is Mine,” translated from the French by Jordan Stump. The book critics circle, founded in 1974, consists of hundreds of reviewers and editors from around the country.

Persons: — Lorrie Moore, Naomi Klein, Ahmed Naji, Judy Blume, Blume's, Moore, “, Justin Torres, ” Daniel Mason's “, Marie NDiaye's, Jordan Stump, Grace E, Tina Post's, ” Nicholas Dames, ”, Myriam Gurba's, Naji, Katharine Halls, Matthew Zapruder's “, ” Susan Kiyo Ito's, David Mas, Patricia Wakida, Jonathan Coe's Martin Luther King, Gregg Hecimovich, Hannah Crafts, Anna, Rachel Shteir's, Betty Friedan, Jonny Steinberg's, Winnie, Nelson, Saskia Hamilton's “, ” Kim Hyesoon's, ” Romeo Oriogun's, Robyn Schiff's, Kareem Abdulrahman, Natascha Bruce, Dorothy Tse's ”, Don Mee, Kim Hyesoon's, ” Todd, ” Maureen Freely’s, Tiffany, Indonesian Norman Erikson Pasaribu's, John Leonard, Ariana Benson's, ” Emilie Boone's, ” Victor Heringer's “, ” Tahir Hamut Izgil's, Donovan X, Martin J, Siegel's, Blume, Becca Rothfield, Marion Winik Organizations: American Library Association, Rotten, PEN America, U.S, Washington Locations: Egypt, Indonesian

☆ LiveRamp says it will acquire data startup Habu in $200 million deal
▼ + stars: | 2024-01-17 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Read previewPublic data company LiveRamp has agreed to acquire five-year-old startup Habu in a cash and stock deal valued at $200 million. LiveRamp CEO Scott Howe said the deal will help LiveRamp scale and grow partnerships with the cloud companies and platforms that Habu works with — like Google, Meta, and Disney. Habu will help LiveRamp expand its base of small and midsize clients. Habu's capabilities extend beyond marketing, and its clients use its technology to support applications around supply-chain data, healthcare data, and financial services data. Howe said these use cases could help LiveRamp expand its business beyond marketing to help companies manage data more broadly.

Persons: —, LiveRamp, Clark, Habu, Matt Kilmartin, Scott Howe, Howe, Vihan Sharma Organizations: Service, Business, Danone, Google, Asics, PepsiCo, Wing Venture Capital, Snowflake Ventures, Disney Locations: Kimberly

☆ How a mom spends $112 at Costco for her family of 4, from Starbucks creamer to $5 rotisserie chicken
▼ + stars: | 2024-01-17 | by ( Christine Ma-Kellams | ) www.businessinsider.com time to read: 1 min

Kirkland Signature tilapia pairs well with miso. I marinate my Kirkland Signature tilapia in miso and mirin. Christine Ma-KellamsIf I don't have the time or money to order Nobu's black cod with miso, I make the next best thing: three-ingredient miso-glazed tilapia. I spread equal parts miso paste and mirin over Kirkland Signature tilapia filets, marinate them overnight, and bake at 400 degrees Fahrenheit for 20 minutes. A $20 eight-pack of filets, typically around 3 pounds, is enough for at least two meals for my family of four.

Persons: Christine Ma Organizations: Kirkland Locations: miso

☆ How did Henry Kissinger live to 100? He had no idea.
▼ + stars: | 2023-11-30 | by ( Kieran Corcoran | Rachel Hosie | ) www.businessinsider.com time to read: +4 min

Henry Kissinger has died at the age of 100, but he had no idea how he lived so long. AdvertisementHenry Kissinger, the legendary statesman who helped shape modern geopolitics, is dead at 100. I didn't aim for it," Kissinger told Döpfner. But it gets worse — according to his family, Kissinger did many things that doctors will tell you not to. His son, David Kissinger, wrote about his father's lifestyle and longevity for The Washington Post earlier this year.

Persons: Henry Kissinger, —, Axel Springer, Mathias Döpfner, Kissinger, Döpfner, David Kissinger, Wiener, Eric Schmidt, Schmidt, Hilary Brueck, Dr, Angel Iscovich, centenarians, Dawn Skelton, Thomas Perls, it's Organizations: Service, Washington Post, Washington DC, Google, University of Glasgow, Glasgow Caledonian University, BU's Locations: China, Washington, UK, Scotland, England

☆ Nigeria lawmakers pass 2024-2026 budget framework with naira at 700 to dollar next year
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

ABUJA, Nov 21 (Reuters) - Nigeria's lower house of parliament passed the medium-term expenditure framework for 2024-2026 on Tuesday, a set of assumptions that will be used to prepare the country's budget over the next three years. The naira last week briefly slumped to a record low of 1,105 against the dollar on the official market, bringing the official exchange rate within touching distance of the parallel market rate. The fiscal framework must also be passed by the upper chamber of parliament. Tinubu is also due to send the country's 2024 spending plan of 26 trillion naira ($34 billion) to parliament for approval. Below are some of the assumptions in the medium-term expenditure framework:Reporting by Camillus Eboh in Abuja Writing by Chijioke Ohuocha Editing by Alexander Winning and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Bola Tinubu's, firming, Camillus, Chijioke, Alexander Winning, Matthew Lewis Organizations: Thomson Locations: ABUJA, Tinubu, Camillus Eboh, Abuja

Boston University said Tuesday that its initial inquiry into the antiracist research center run by best-selling author and academic Ibram X. Kendi found no issues with how it managed its finances. The university launched the inquiry into the financials of the BU Center for Antiracist Research, or CAR, in September, after acknowledging the organization was laying off about half of its staff and changing its operating model. The center has raised more than $50 million, with $30 million of that put into an endowment, the university said. The university's inquiry will continue, now focusing on the center's management of grants from outside funders, including the extent to which it complied with required reporting. The university's inquiry and finding announced Tuesday aimed to address those questions, though the university declined a request to share the audit.

Persons: Kendi, Gary Nicksa, ”, George Floyd, ” Kendi, Korn, “ I’ve, Earl Lewis, Andrew W, Lewis, “, ’ ” Lewis Organizations: Boston University, BU Center, Antiracist Research, Associated Press, BU, Mellon Foundation, University of Michigan Center for Social Solutions, Associated, Lilly Endowment Inc, AP Locations: Minneapolis, “

☆ Nigeria Opposition's Obi Slams Court Ruling Confirming Tinubu Election Win
▼ + stars: | 2023-11-06 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

The Supreme Court judgment followed a pattern seen in previous presidential elections that have been challenged in court. Speaking for the first time since the ruling, Obi, a former two-term governor who campaigned as an outsider, told reporters the judgment was a disappointment and contradicted overwhelming evidence of election rigging, false claims of technical glitches, and other irregularities. Obi's supporters, known as the "Obidients", have been vocal in their criticism of the Supreme Court ruling. They have accused the court of being biased and of protecting the interests of the ruling party. Obi's rejection of the Supreme Court ruling is likely to resonate with his supporters, mostly young Nigerians who were attracted by his message of hope and change and see him as a break from the old guard.

Persons: Camillus, Peter Obi, Bola Tinubu's, Atiku Abubakar, Obi, Tinubu, Obi's, Camillus Eboh, Elisha Bala, Emelia Sithole Organizations: Reuters, Labour Party Locations: Camillus Eboh ABUJA, Nigeria

☆ Canada investigates fatal embassy explosion in Nigeria, issues travel alert
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

"We can confirm there was an explosion at our High Commission in Nigeria. Nigerian President Bola Tinubu's spokesperson said that there were deaths and injuries in a fire on Monday at the High Commission of Canada but did not give any figures. Canada's High Commission in Nigeria, without commenting on the explosion, said on social media that it had "temporarily suspended operations until further notice." The embassy issued a travel advisory, warning against non-essential travel to Nigeria, including capital Abuja, "due to the unpredictable security situation throughout the country and the significant risk of terrorism, crime, inter-communal clashes, armed attacks and kidnappings." Western countries routinely issue warning about travelling to Nigeria, which the Abuja government often dismisses as lacking merit.

Persons: Melanie Joly, " Joly, Bola Tinubu's, Tinubu, MacDonald Dzirutwe, Ismail Shakil, Cynthia Osterman, Sandra Maler Organizations: Ottawa, Washington, Commission, High Commission of, Thomson Locations: LAGOS, Canada, Nigeria, London, West African, High Commission of Canada, Canada's, Abuja, United States, Britain, Nigeria's, Lagos, Ottawa

☆ Nigeria's top court affirms Tinubu's election win
▼ + stars: | 2023-10-26 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsNigeria's top court affirms Tinubu's election winPostedNigeria's Supreme Court on Thursday (Oct. 26) upheld President Bola Tinubu's election win, bringing to an end a legal challenge brought by his two main rivals who argued that his victory was marred by irregularities. Trevor Koroll has more.

Persons: Bola Tinubu's, Trevor Koroll

☆ Nigerian Supreme Court upholds President Tinubu's election win
▼ + stars: | 2023-10-26 | by ( Camillus Eboh | ) www.reuters.com time to read: +2 min

Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Oct 26 (Reuters) - Nigeria's Supreme Court on Thursday upheld President Bola Tinubu's election win, bringing to an end a legal challenge brought by his two main rivals, who argued that his victory was marred by irregularities. The judgment by seven Supreme Court judges, which is final, follows a pattern seen in previous presidential elections that have been challenged in court. "There is no merit in this appeal, and it is hereby dismissed," said Supreme Court judge John Okoro. The court also rejected Atiku's bid to introduce new evidence that alleged Tinubu had submitted a forged university certificate to the electoral agency.

Persons: Bola Tinubu, Temilade, Bola Tinubu's, Atiku Abubakar, Peter Obi of, Tinubu's, Tinubu, John Okoro, Camillus Eboh, MacDonald Dzirutwe, Estelle Shirbon, Sharon Singleton Organizations: REUTERS, Rights, People's Democratic Party, Labour Party, Thomson Locations: Abuja, Nigeria, Rights ABUJA, Africa's

☆ Nigeria Opposition Asks Supreme Court to Overturn President Tinubu's Victory
▼ + stars: | 2023-10-23 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Camillus EbohABUJA (Reuters) - Nigeria's two main opposition leaders on Monday asked the Supreme Court to quash last month's tribunal ruling upholding President Bola Tinubu's February election victory, in a last bid to reverse results of a vote widely accepted by the international community. No legal challenge to the outcome of a presidential election has succeeded in Nigeria, which returned to democracy in 1999 after three decades of almost uninterrupted military rule and has a history of electoral irregularities. On Sept. 6 the presidential tribunal rejected petitions by Atiku and Obi to cancel the election result over alleged irregularities. The provision has been interpreted differently by the opposition and Tinubu's lawyers. The Supreme Court, which has the final say in presidential election petitions, has 60 days to pass judgment from the day of the presidential tribunal ruling.

Persons: Camillus, Bola Tinubu's, Atiku Abubakar, Peter Obi of, Atiku, Obi, Tinubu, Camillus Eboh, MacDonald Dzirutwe, Deborah Kyvrikosaios Organizations: Reuters, Monday, People's Democratic Party, Labour Party, Atiku Locations: Camillus Eboh ABUJA, Nigeria, Abuja

☆ Nigeria's Tinubu offers wage increase ahead of labour strike
▼ + stars: | 2023-10-01 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

Bola Tinubu, President of Nigeria, arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. Tinubu scrapped a decades-old subsidy during his inauguration in May and ended foreign exchange restrictions, which has led to soaring cost of living and angered unions. In a national broadcast marking 63 years of independence, Tinubu defended the reforms as necessary to put Africa's biggest economy on the path to recovery. That would take the minimum wage in Nigeria to 55,000 naira ($71) from 30,000 naira. But labour unions want Tinubu to reinstate the fuel subsidy and had previously demanded a minimum wage of 200,000 naira.

Persons: Bola Tinubu, Lewis Joly, Tinubu, Tinubu's, Felix Onuah, MacDonald Dzirutwe, Daniel Wallis Organizations: New Global Financial, Rights, Sunday, Thomson Locations: Nigeria, Paris, France, Rights ABUJA

ABUJA, Nigeria (AP) — Nigeria’s leader increased the wages of some government workers in last-minute efforts to appease labor unions whose planned strike this week could shut down government offices in all sectors of Africa’s largest economy. The increase expected to take effect this month takes the minimum wage to 55,000 naira ($71), still far below the 200,000 naira ($258) the unions had requested. The labor unions did not immediately comment on Tinubu’s announcement. The unions representing Nigeria’s government workers announced they will go on an indefinite strike starting Tuesday to protest the government's austerity measures. Talks with the labor unions have stalled and a slow start to several intervention efforts resulted in last week's announcement of the indefinite strike.

Persons: —, Bola Tinubu, Tinubu, ” Locations: ABUJA, Nigeria

☆ Nigerian state declares curfew after election tribunal sacks governor
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

Nigeria's newly declared winner of 2023 presidential election, Bola Tinubu speaks at the National Collation Centre in Abuja, Nigeria, March 1, 2023. REUTERS/Esa Alexander/File Photo Acquire Licensing RightsKANO, Nigeria, Sept 20 (Reuters) - Nigeria's northern Kano state declared a 24-hour curfew on Wednesday after a tribunal overturned the election of an opposition candidate as governor and declared a member of President Bola Tinubu's party the rightful winner. Ahead of the election tribunal ruling, security forces occupied major roads in the capital of Kano, which shares the same name. The March gubernatorial vote had seen Abba Yusuf of the New Nigerian Peoples Party, a regional party, defeating ruling All Progressives Congress party candidate Nasiru Gawuna, who alleged fraud. It is not unusual for governorship election results to be overturned in Nigeria, which has 36 states that are presided over by state governments.

Persons: Nigeria's, Bola Tinubu, Esa Alexander, Bola Tinubu's, Wednesday's, Abba Yusuf, Nasiru Gawuna, Yusuf, Hamza Ibrahim, MacDonald Dzirutwe, Sandra Maler Organizations: REUTERS, Rights, Police, New Nigerian Peoples Party, Progressives Congress, Supreme, Thomson Locations: Abuja, Nigeria, Rights KANO, Kano

☆ Nigeria's presidential election result challenged at Supreme Court
▼ + stars: | 2023-09-19 | by ( Camillus Eboh | ) www.reuters.com time to read: +1 min

REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Sept 19 (Reuters) - Nigeria's two main opposition leaders on Tuesday filed separate appeals at the Supreme Court challenging a tribunal ruling that earlier this month upheld President Bola Tinubu's victory in a disputed February election. Atiku, from the People's Democratic Party who came second in the election, said in a court filing that the tribunal erred in law "when it failed to nullify the presidential election ... on the ground of non compliance" with the electoral law. The two had up to Wednesday to challenge the Sept. 6 tribunal ruling. The Supreme Court, the highest in Nigeria, has 60 days to rule on the appeals. A five-member tribunal had rejected the challenge by Atiku, and Obi, who asked the tribunal to cancel the election, alleging irregularities.

Persons: Bola Tinubu, Temilade, Bola Tinubu's, Peter Obi, Atiku, Obi, Camillus Eboh, MacDonald Dzirutwe, William Maclean, Alexandra Hudson Organizations: Nigeria's, REUTERS, Rights, People's Democratic Party, Labour, Reuters, United Nations, Alexandra Hudson Our, Thomson Locations: Abuja, Nigeria, Rights ABUJA, New York

☆ Nigeria seeks to deepen economic ties with South Africa
▼ + stars: | 2023-09-18 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

[1/2] Nigeria's President Bola Tinubu speaks after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. President Ramaphosa hailed Tinubu's "brave" economic reforms and pledged that South Africa will explore greater partnership with Nigeria. "We are two major economies on our continent, and it is important that we deepen economic ties, particularly in light of the African Continental Free Trade Agreement," Ramaphosa said . "We would love to see Nigeria and South Africa working closely together on a number of issues because whenever we join hands, we have made an impact globally through those joint positions," he said. Tinubu also urged South Africa to join Nigeria in a call for reforms of global finance institutions to help Africa combat rising poverty and economic woes.

Persons: Bola Tinubu, Temilade, Cyril Ramaphosa, Tinubu, Ramaphosa, Tinubu's, Joe Biden, Felix Onuah, Elisha Bala, Sonali Paul Organizations: Nigeria's, REUTERS, Rights, South, United Nations General Assembly, African Continental Free Trade, Finance, General Assembly, U.S, Microsoft, Meta, Exxon Mobil, Thomson Locations: Abuja, Nigeria, Rights ABUJA, New York, Africa, South Africa

☆ Nigeria opposition to appeal verdict upholding Tinubu presidential win
▼ + stars: | 2023-09-07 | by ( Camillus Eboh | ) www.reuters.com time to read: +2 min

ABUJA, Sept 7 (Reuters) - Nigeria's main opposition candidates will appeal a tribunal ruling that affirmed Bola Tinubu's victory in a disputed presidential election in February that they claim was marred by irregularities, their lawyers said. But the Presidential Election Petition Court on Wednesday dismissed their petitions point-by-point in a judgment that lasted more than 11 hours. The ruling followed a pattern in previous election years in Africa's most populous country, where no legal challenge to the outcome of a presidential election has succeeded since Nigeria returned to democracy in 1999. "Consequently, I have asked my lawyers to activate my constitutionally guaranteed rights of appeal to the higher court, which, in the instance, is the Supreme Court." An appeal at the Supreme Court should be filed within 14 days from the date of the tribunal ruling.

Persons: Bola Tinubu's, Atiku Abubakar, Peter Obi, Atiku, Obi, Nick Zieminski, Elisha Bala, Richard Chang Organizations: People's Democratic Party, Labour, Labour Party, Thomson Locations: ABUJA, Africa's, Nigeria, Anambra

☆ Nigerian Election Tribunal Rejects Challenge to Tinubu's Presidential Win
▼ + stars: | 2023-09-06 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

By Camillus EbohABUJA (Reuters) - Nigeria's presidential election tribunal on Wednesday rejected an opposition challenge to Bola Tinubu's win in February's disputed vote, following a pattern seen in previous election years in Africa's most populous country. No legal challenge to the outcome of a presidential election has succeeded in Nigeria, which returned to democracy in 1999 after three decades of almost uninterrupted military rule and has a history of electoral fraud. Judge Haruna Tsammani, reading out a lengthy ruling on behalf of the tribunal's panel of five justices, rejected Obi's petition point-by-point. As the tribunal was giving its ruling, he was in India preparing to take part in the G20 summit there. Atiku and Obi can appeal to the country's Supreme Court to strike down the tribunal's ruling.

Persons: Camillus, Bola Tinubu's, Atiku Abubakar, Peter Obi of, Haruna Tsammani, Tinubu, Obi, MacDonald Dzirutwe, Estelle Shirbon, Alison Williams Organizations: Reuters, February's, People's Democratic Party, Labour Party Locations: Camillus Eboh ABUJA, Africa's, Nigeria, India

☆ Nigerian election tribunal to decide if Tinubu stays as president
▼ + stars: | 2023-09-06 | by ( Camillus Eboh | ) www.reuters.com time to read: +2 min

Bola Tinubu, President of Nigeria, arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. Lewis Joly/Pool via REUTERS Acquire Licensing RightsABUJA, Sept 6 (Reuters) - Nigeria's presidential election tribunal is due to rule on Wednesday on whether Bola Tinubu should stay as president after two rivals challenged his victory in February's disputed vote. There have been numerous legal challenges to the outcome of previous Nigerian presidential elections but none have succeeded. The tribunal, which will deliver its ruling in the capital Abuja, has the power to cancel an election and order a fresh one, among other remedies. Tinubu, who is in India ahead of a G20 Summit, has defended his victory and says he is focused on reviving the economy.

Persons: Bola Tinubu, Lewis Joly, Bola, February's, Atiku Abubakar, Peter Obi, Atiku, Obi, Muhammadu Buhari, MacDonald Dzirutwe, Alison Williams Organizations: New Global Financial, REUTERS Acquire, Rights, Tinubu's, People's Democratic Party, Labour, Thomson Locations: Nigeria, Paris, France, Rights ABUJA, Abuja, India

☆ Step inside the Beverly Hills of the Philippines, where homes rarely change hands, access is nearly impossible if you don't know a resident, and inequality is on full display
▼ + stars: | 2023-09-05 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

Ervina Balaga, a realtor who sells homes in Beverly Hills, met us inside the neighborhood. A mansion perched on top of the hill in Beverly Hills in Cebu, Philippines. Balaga told me the cheapest home on the market right now in the neighborhood costs 52 million pesos, or around $915,000. Balaga told me homes in Beverly Hills are rarely sold to outsiders, as many who live there are regarded as the "Old Money" of Cebu. For comparison, the median price of homes in Cebu City is listed at $141,270, per data by the Urban Land Institute.

Persons: Ervina, Marielle, Balaga Organizations: Urban Land Institute Locations: Beverly Hills, Cebu, Philippines, Cebu's, Seoul, Pasil, Cebu City

ABUJA, Nigeria (AP) — Some employees in government offices in Nigeria walked off their jobs Tuesday in protest of the growing cost of living due to the removal of gas subsidies, threatening to “shut down” Africa’s largest economy if their demands for improved welfare are not met. Made up of hundreds of thousands of members, the Nigeria Labor Congress workers association began a two-day “warning strike," their second in over a month. Last-minute efforts to avert the strike failed on Monday evening after labor unions' leaders shunned a meeting called by the Labor Ministry. After he ended the yearslong subsidies for gas on his first day in office, the price of petrol more than doubled, resulting in a similar hike in the price of other commodities. But workers have said such steps are not enough with their wages still the same.

Persons: Bola Tinubu, Joe Ajaero, Tinubu’s, Tinubu, Ajaero, Simon Lalong Organizations: Nigeria Labor Congress, Local, Labor Ministry, ” Labor Locations: ABUJA, Nigeria

☆ Nigeria mulls G20 bloc membership, president to attend summit in India
▼ + stars: | 2023-09-03 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

President Bola Tinubu will leave on Monday to attend the G20 summit in India at the invitation of Prime Minister Narendra Modi, spokesperson Ajuri Ngelale said. "While Nigeria's membership of the G-20 is desirable, the government has embarked on wide-ranging consultations with a view to ascertaining the benefits and risks of membership," Ngelale said in a statement. Tinubu's attendance was in part to further Nigeria's membership objective, he said. On Friday, Ngelale said Tinubu will attend the G20 summit to try to promote foreign investment in Nigeria and mobilize global capital to develop infrastructure. Tinubu will attend the summit with some of his cabinet members including foreign affairs, finance and trade ministers.

Persons: Bola Tinubu, Lewis Joly, Narendra Modi, Ajuri Ngelale, Ngelale, Tinubu, Felix Onuah, Chijioke Ohuocha, Andrew Cawthorne, Angus MacSwan Organizations: New Global Financial, Rights, Thomson Locations: Nigeria, Paris, France, Rights ABUJA, India, South Africa

[1/3] Ukrainian business tycoon and one of Ukraine's most prominent billionaires Ihor Kolomoisky speaks with Security Service of Ukraine (SBU) and Prosecutor General's Office officers at an unknown location, in this picture released on September 2, 2023. Security Service of Ukraine/Handout via REUTERS Acquire Licensing RightsKYIV, Sept 2 (Reuters) - Ukraine's main security agency accused tycoon Ihor Kolomoisky of fraud and money laundering on Saturday, naming one of the country's most prominent businessmen a suspect in a criminal investigation. "It was established that during 2013-2020, Ihor Kolomoisky legalized more than half a billion hryvnias ($14 million) by withdrawing them abroad and using the infrastructure of banks under (his) control," the Security Service of Ukraine (SBU) said in a statement. CRACKDOWN ON CORRUPTIONDuring the war, Zelenskiy has been keen to stress Ukraine's crackdown on corruption as Kyiv has applied to join the European Union. U.S. authorities have also alleged Kolomoisky and a business partner laundered stolen funds through the United States.

Persons: Ihor Kolomoisky, Ihor, Volodymyr Zelenskiy, Kolomoisky, Zelenskiy, Yaroslav Zheleznyak, Iryna Gerashchenko, laundered, Olena, Tomasz Janowski, Frances Kerry Organizations: Service of Ukraine, General's, Security Service, REUTERS Acquire, Rights, Kolomoisky, Security Service of Ukraine, European Union, Thomson Locations: Ukraine, Handout, Kyiv, Soviet Union, United States

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