South African retailer Woolworths Holdings (WHLJ.J) resumed dividend payouts on Thursday after its annual profit surged and the sale of some Australian properties helped it to cut its debt.
The clothing, food and homeware retailer had been renegotiating leases, reducing capital expenditure and cutting costs to help bolster its balance sheet.
It has also sold Bourke Street Mens and Elizabeth Street properties in Australia, a part of its upmarket department chain David Jones.
The group reduced net borrowings by over 10 billion rand ($668 million) to 1.1 billion rand, with a slight increase in free cash flow in the 52 weeks ended June 27, Group Financial Director Reeza Isaacs said.
Tanzanian security forces remove the slain body of an attacker who was wielding an assault rifle, outside the French embassy in the Salenda area of Dar es Salaam, Tanzania August 25, 2021. REUTERS/Emmanuel Herman
Hundreds of Boko Haram militants attacked a military post in southern Niger overnight, killing 16 soldiers and wounding nine more, the defence ministry said on Wednesday.
About 50 of the Islamist militants were killed in the resulting combat in the West African country’s Diffa region and significant quantities of weapons were recovered, the ministry said in a statement.
The Boko Haram insurgency broke out in northeastern Nigeria in 2009, but violence frequently spills over into neighbouring Chad, Niger and Cameroon in the Lake Chad Basin.
In December, an attack blamed on Boko Haram killed 28 people and burned 800 homes in the Diffa region.
Reporting by Boureima Balima, writing by Aaron Ross, editing by Mark Heinrich
The Nigerian economy recorded a 5.01 per cent annual growth in real terms in the second quarter of 2021,the National Bureau of Statistics said Thursday.
The rise marked the third consecutive quarter of growth following the negative growth rates recorded in the second and third quarters of 2020.
The second quarter growth rate was higher than the -6.10 per cent growth rate recorded in the second quarter of 2020 and the 0.51 per cent recorded in the first quarter of 2021.
Africa’s biggest economy went into recession in 2020 after two quarters of economic decline as a result of the coronavirus pandemic that shut businesses and economies globally.
This indicates “the return of business and economic activity near levels seen prior to the nationwide implementation of COVID-19 related restrictions”, the NBS said.
“The steady recovery observed since the end of 2020, with the gradual return of commercial activity as well as local and international travel, accounted for the significant increase in growth performance relative to the second quarter of 2020 when nationwide restrictions took effect,” it said.
Real GDP grew 2.70% in 2021 compared to -2.18% for the first half of 2020.
With regard to quarter on quarter growth, real GDP grew at -0.79% in Q2 2021 compared to Q1 2021, reflecting slightly slower economic activity than the preceding quarter due largely to seasonality.
In the quarter under review, average daily oil production stood at 1.61 million barrels per day (mbpd), which is -0.19mbpd lower than the average daily production of 1.81mbpd recorded in the same quarter of 2020 and -0.10mbpd lower than the 1.72mbpd recorded in the first quarter of 2021.
Meanwhile, real growth of the oil sector was –12.65% (year-on-year) in Q2 2021 indicating a decrease of –6.02% points relative to the growth rate recorded in the corresponding quarter of 2020.
“Performance in the non-oil sector grew by 6.74% in real terms during the reference quarter (Q2 2021). The Q2 2021 growth rate was higher by 12.80% points compared to the rate recorded in the same quarter of 2020 and 5.95% points higher than the first quarter of 2021,” the NBS said
It added that during the quarter, the non-oil sector was driven mainly by growth in trade, information and communication (Telecommunication), transportation (Road Transport), electricity, agriculture (Crop Production) and manufacturing (Food, Beverage & Tobacco).
This, the report said, is a reflection of the easing of movement, business and economic activity across the country relative to the same period a year earlier.
Tanzanian security forces guard an entrance to the French embassy after an attacker wielding an assault rifle was killed in the Salenda area of Dar es Salaam, Tanzania August 25, 2021. REUTERS/Emmanuel Herman
A gunman killed three police officers and a private security guard on a rampage through a diplomatic quarter of Tanzania’s main city Dar es Salaam on Wednesday, before being shot dead while holed up in a guardhouse at the French embassy’s gate.
Videos on the internet, apparently filmed by onlookers from buildings across the street from the French embassy, showed the gunman inside the guardhouse.
He exchanged fire at very close range with police and men who appeared to be embassy guards.Police said the attacker had first shot two police officers with a pistol at an intersection in the district, which houses a number of diplomatic missions.
He took rifles from the fallen police officers, and headed on foot to the French embassy a few hundred metres away, firing randomly and occupying the guard house.President Samia Suluhu Hassan said on Twitter that the attacker had been “neutralised” and “calm has returned”.
Nigeria and Russia have signed a military cooperation deal providing a legal framework for the supply of equipment and the training of troops, the Nigerian embassy in Moscow said on Wednesday.
President Muhammadu Buhari had expressed interest in such a pact with Russia as far back as 2019, when he met with his Russian counterpart Vladimir Putin at a Russia-Africa summit.
The Nigerian ambassador to Russia at the time said Buhari felt Russia could help defeat the Boko Haram Islamic insurgency in the northeast of the country, which remains a major problem.
The Minority Caucus in the House of Representatives has expressed worry over escalated acts of terrorism and bandit attacks across the country particularly Monday’s invasion of the Nigeria Defence Academy, NDA, resulting in the killing and abduction of military officers.
In a statement issued by the House Minority leader, Ndudi Elumelu, the Caucus decried the heightened attacks on military formations and mindless killings and maiming of innocent Nigerians by bandits and terrorists in various parts of the country despite assurances of the All Progressives Congress, APC, administration.
The caucus says, “It is lamentable that hardly a day passes without the nation being jolted by reports of gruesome mass killings, abductions, arson and mindless plundering by terrorists and bandits who are now freely operating on our highways, schools and communities in various parts of the country.”
They described the situation as “extremely horrifying” especially in Zamfara, Katsina, Kaduna, Kano, Yobe, Benue, Borno, Niger and other states across the nation where killers and kidnappers are now having a field day raiding communities and killing Nigerians.
The lawmakers condemned attack on Yelwan Zangam community in Jos, Plateau state, were about 30 persons were killed barely a week after innocent travelers were ambushed and brutally murdered in the state.
The minority caucus demanded for immediate and decisive action by the APC-led Federal Government to check the ugly trend and called for forensic investigation into the circumstances that enabled the invasion of the NDA and subsequent killing and abduction of officers.
The Board of Directors of World Igbo Congress (WIC) has authorised immediate legal support to Nnamdi Kanu’s legal team, while urging Igbo political elite to eschew political gratification and defend the right of Igbo citizens.
In statement yesterday by its Public Relations Officer (PRO), Basil Onwukwe, WIC decried the seeming leadership vacuum in Igboland where armed security agents could kill innocent Igbo youths without facing any consequences.
It also lends support to the peaceful really billed for next Tuesday.
It described government’s disruption of peaceful demonstrations – a universal means of demanding a change in unpopular government policy – as unacceptable.
Delegates from the Nigeria Bar Association (NBA), agencies, and organisations involved in Nigeria’s fight against money laundering and terrorist financing have called for sustained synergy to define and establish compliance with the AML/CFT regime.
The call was made at a one-day stakeholders’ workshop organised by the Centre for Fiscal Transparency and Integrity Watch (CFTIW) in Abuja.
The representatives of the Central Bank of Nigeria (CBN), Nigerian Financial Intelligence Unit (NFIU), Special Control Unit Against Money Laundering (SCUML), the media, and the civil society were present.
The CFTIW convened the meeting to deliberate on how best to navigate and strengthen current efforts to combat corruption, illegal wealth, and terrorism funding against the backdrop of the nation’s blacklisting.
The non-governmental organization complained of the challenges blocking the attainment of prescribed standards set by a global community consensus.
The Progressive Governors Forum (PGF) has reiterated its support to President Muhammadu Buhari’s commitment to tackle the spate of insecurity in the country.
The PGF led by Kebbi State Governor Abubakar Atiku Bagudu renewed posture is coming against the backdrop of the massacre of no fewer than 35 people in Yelwa Zangam community behind the University of Jos (UNIJOS).
The unfortunate incident occurred less than 24 hours after the killing of two military officers and the abduction of a senior officer at the Nigerian Defence Academy (NDA), in Afaka, Kaduna State by suspected Boko Haram elements.
Buhari, who expressed concern over the heinous attacks, reiterated his determination to make a decisive end to the criminality besetting the nation.
Scientists have traced the genetic makeup of lake trout, a feat that should boost efforts to rebuild populations of the prized fish in the Great Lakes and other North American waters where they’ve been hammered by invasive species, overfishing and pollution, officials said Tuesday.
U.S. and Canadian researchers completed a reference genome, or digital genetic map, for lake trout. It will help explain characteristics that enabled the species to evolve and spread across its vast range, with certain types becoming better suited to particular locations and depths.
The data also will provide vital information for managers of programs that stock lakes with young trout to supplement natural reproduction, said Marc Gaden, spokesman for the Great Lakes Fishery Commission, a U.S.-Canadian agency that funded the research.
“Lake trout are widely distributed across North America, and there are huge variations in habitat use, shape, size, body mass, color,” Gaden said. “We need to understand why they look the way they do, why some types are more successful in some habitats than others, why some types in hatcheries do better than others.”
The team of experts with several U.S. and Canadian universities and government agencies published their genome report Aug. 5 in the journal Molecular Ecology Resources. William Taylor, chairman of the fishery commission and a Michigan State University fisheries ecologist, described it as “a vital missing link in our efforts to restore lake trout.”
Lake trout long dominated the Great Lakes as a predator fish and are common in other large North American lakes.
They sustained aboriginal tribes for generations and were a primary target of post-settlement commercial fishing operations.
Their numbers in the Great Lakes plummeted in the last century with the invasion of sea lamprey, an eel-like parasite that attaches to fish and sucks their bodily fluids.
Researchers eventually developed a poison that is applied to tributary rivers where the lamprey spawn, keeping them in check.
But habitat loss, overfishing, pollution and other invaders have hampered efforts to bring back the lake trout. Although they can live for decades, it takes about seven years for them to become sexually mature — and many don’t survive long enough to reproduce.
Agencies continue to stock them in all the Great Lakes except Lake Superior, where the species has recovered well, Gaden said.
Development of the reference genome should help managers fine-tune those efforts.
“The more you can understand what makes this organism tick, the more you can do to take steps to rehabilitate it,” he said.
Genomes of salmonids, a family that includes lake trout, are harder to compile than those of many other animals, the research team said.
“Having a publicly available map of the lake trout genome removes most of the initial hurdles associated with doing conservation-oriented genomic research, makes it significantly easier to compare results across studies, and will hopefully quicken the pace of scientific discovery,” said Seth Smith of Michigan State University, the study’s lead author.
Shawn Sitar, a fisheries research biologist with the Michigan Department of Natural Resources who wasn’t involved with the study, said returning lake trout to their historically influential role in the Great Lakes will require understanding differences between their types at the sub-species level — which the genome research will support.
“We see them in different habitats, functioning in ecologically different ways, living differently,” Sitar said. “If you want to restore a forest ecosystem, you don’t put in one just one tree. You want to restore the integrity of what the ecosystem was originally.”
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