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Exploring The Natural Bridge In The United States Of America

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The Natural Bridge is a geological formation in the shape of a bridge, carved out from the Cedar Creek River in the State of Virginia, USA.

This simple named, yet unnamed, natural bridge is in the mountainous limestone terrain, forming a natural arch which 66 meters (215 feet) high and a span of 27 meters (90 feet).

In the past, the Natural Bridge was worshiped by the Monacan Indians, and once it was one of the most famous and most visited natural wonders in the States.

Today the Natural Bridge stands tall as a National Historic Landmark and the gateway to the historic and beautiful Cedar Creek Trail, and the Monacan Indian Living History Village.

Furthermore, the Natural Bridge Caverns, museums, a hotel & conference center, and restaurants surround the nature park.

In the past, the Natural Bridge and parts of the area, belonged to many people, which changed ownership, until 2014 when Governor Terry McAuliffe officially accepted the deed to the Natural Bridge, transferring its ownership to the Commonwealth of Virginia.

With some hope, the site should become a state park in the following years.

Many tourists visit it today, and to see it they must purchase tickets. There is a trail under the bridge which provides access to other attractions.

Nigeria’s Foremost Account, Akintola Willams, Passes On At 104

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The doyen of the accounting profession, Pa Akintola Williams, has passed away at the age of 104 years old.

The foremost accountant celebrated his 104th birthday on August 9.

Pa Williams is the first Nigerian to qualify as a chartered accountant.

LIFE
Williams began his education at Olowogbowo Methodist Primary School, Bankole street, Apongbon, Lagos Island, Lagos, in the early 1930s; the same primary school his late junior brother Chief Rotimi Williams attended.

His youngest brother Rev James Kehinde Williams was a pastor in the same church. Olowogbowo Methodist Church.

His firm founded in 1952, later grew organically and through mergers to become the largest professional services firm in Nigeria by 2004.

Williams participated in founding the Nigerian Stock Exchange and the Institute of Chartered Accountants of Nigeria. During a long career, he received many honours.

He turned 100 in August 2019 and died on 11 September 2023, at the age of 104 in his Lagos home.

Nigeria Needs N21trn to Bridge Housing Deficit- Shettima

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Vice President Kashim Shettima, on Sunday, projected that Nigeria’s housing deficit- will require about N21 trillion to bridge the housing deficit.

Shettima noted that the nation needs to construct about 28 million urgently, but the gap remains huge despite several interventions.

Shettima made this known in Sokoto at the groundbreaking for the construction of a 500-unit Housing Estate by the State government.

According to the VP, “Nigeria has a deficit of 28 million houses, and we will need N21 trillion to meet our housing needs.

He, however, commended Governor Ahmed Aliyu of Sokoto state, whose efforts he said ” is highly commendable and worthy of emulation by other State governments.”

“The Governor has started well by completing the roads and flyovers he inherited,” he added.

Earlier in his remarks, Governor Aliyu said the housing estate would be for civil servants and would be sold to them when completed on an owner-occupier basis.

“This is a project initiated by the former Governor of the State, Magatakarda Wamakko, but was later abandoned by the immediate past administration, but we are determined to complete it for the benefit of our workers and the general public,” he said.

The Governor disclosed that the project at Wamakko Local Government Area of the State will cost the State government N7.3 billion.

The event, which was to mark 100 days in office by the administration, was attended by the Former Governor of Sokoto State, Wamakko; Minister of Agriculture and Food Security, Abubakar Kyari; Minister of State, Water Resources and Sanitation, Bello Goronyo; and Former Deputy Governor of Sokoto State, Mukhtari Shagari, among others.

Storm Daniel: Over 2, 000 Dead In Eastern Part Of Libya

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More than 2,000 people in Libya are feared dead in severe flooding, according to a Libyan leader, as Storm Daniel swept through the eastern part of the country.

The head of Libya’s eastern parliament-backed government, Osama Hamad, announced the death toll on Monday, according to a report from state news organization Libyan News Agency.

“Osama Hamad said in press statements that residential neighborhoods disappeared after the torrents swept them into the sea along with thousands of their residents, and the situation is catastrophic and unprecedented in Libya,”.

It has not been independently verified the number of deaths, and Hamad did not give a source for the number of dead and missing.

Footage shared on social media shows submerged cars, collapsed buildings and torrents of water rushing through streets.

Hamad called on medical personnel and medical assistants to go to the badly affected city of Derna in eastern Libya to provide assistance immediately.

Phone lines were down in Derna and pictures shared by the Red Crescent showed severely flooded streets.

The Red Crescent in Benghazi said on Monday they estimate 150 to 250 people are dead in the city of Derna.

Hospitals in the eastern city of Bayda were evacuated after severe flooding from rainfall caused by a heavy storm, videos shared by the Medical Center of Bayda

Naira Steadies at N930 per Dollar on Monday

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Naira on Monday remained stable at N930 per dollar at the parallel market, popularly known as black market.

This is due to moderation in the demand for dollars.

Naira Ends Week on Negative Note

At the Investors and Exporters (I&E) forex window, naira remained at N736.62/$1 and is expected to either appreciate or depreciate after trading on Monday.

Rail Transport Revenue Jumps 33% in Q2, 2023

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Nigeria earned N1.3 billion in the second quarter of 2023, representing a 33 per cent increase from N983,874,805 earned in the first quarter of the year and a 76.6 per cent increase compared to N740 million achieved in Q2, 2022.

Of the total revenue generated in the period, N1.10 billion was received from passengers. This an increase of 83.88 per cent from the N598.74 million recorded in the same quarter of 2022.

Similarly, N188 million was received from goods/cargos conveyed in the period under review, up by 105.04 per cent from N91.70 million received in Q2, 2022. Other receipts amounted to N18.7 million, indicating a 62.31 per cent decline from N49.73 million recorded in Q2, 2022.

6 Months Report: Rail Transport Revenue Rises 42% To N2.93trn

According to the ‘rail transport data Q2 2023’ report released by the National Bureau of Statistics, a total of 474,117 passengers travelled via rail system in the period, as compared to 441,725 and 422,393 in Q1 2023 and the corresponding quarter of 2022.

The volume of goods /cargos transported in the period stood at 56,029 tons compared to 31,197 tons recorded in Q2, 2022.

This is as the Minister of Transportation, Saidu Alkali during a visit to the Idu train station, pledged President Tinubu-led administration’s commitment to addressing the challenges bedevilling railway services in the country.

According to him, his team were ready to work with the Ministry of Defense to strengthen the security of facilities and passengers.

Nigeria Stocks Market Records N464bn Lose

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Investors in Nigeria’s equities market booked about N464billion loss on Monday as the market recorded its first decline this week.

Investors continued to take profit from stocks like NASCON and Dangote Sugar Refinery that had rallied due to their merger plans.

The stock market dropped by 1.24percent at the close of trading on Monday as investors on the Nigerian Bourse in 9,914 deals exchanged 520,133,186 shares valued at N8.334billion.

The stock market’s key performance indicators – Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding day’s 68,143.34 points and N37.295trillion respectively to 67,296.18 points and N36.831trillion.

NASCON dropped from N58 to N52.20, down by 10percent, while Dangote Sugar Refinery dipped from N64.15 to N57.75, losing 10percent. Etranzact was also down, from N10 to N9, losing 10percent, while Learn Africa lost 9.9percent of its day-open value after moving from N3.65 to N3.29.

The market’s return year-to-date (YtD) stood lower at +31.31percent.

“We foresee investors sentiment tilted more toward listed corporates with strong and pending corporate actions,” said Lagos-based analysts at United Capital.

According to them, “investors will look to take positions across listed Tier 1 banks that are yet to release their half year (H1) 2023 financials. Overall, we expect a group of investors to remain tilted toward the money market, in a bid to take advantage of the elevated interest rate.

Equities Market Moves Further South by 0.3%

“This will be translated into pockets of bearish sentiments. However, fund managers and risk inclined investors may continue cherry-picking stocks with strong fundamentals and improved dividend yield”.

According to Futureview research analysts in their September 11 note, “We anticipate bullish sentiment trading as banks announce high PAT in H1 results. We advise investors to invest in high-quality stocks with strong fundamentals supporting them”.

Also in their recent note, Meristem analysts said, “In our view, the positive momentum in the Nigerian equities market will be sustained this week as investors continue to seek bargain hunting opportunities in the market.

“In addition, we underpin that the recent developments by the current administration to build bilateral trade relationships with foreign bodies could prompt investors to take long position on tickers in the local bourse.

“Also, further earnings releases and dividend declarations from the tier-1 banks are poised to drive buying activities in the banking sector this week”.

The Meristem analysts further said, “the tepid system liquidity ahead of the Bonds and T-bills auction this week is likely to cause a flow of funds from the equities market and withhold inflow of new funds. Also, we note that prices are trading beyond fundamentally justifiable levels, which could spur occasional profit taking. Ultimately, we expect the Nigerian equities market to close up this week”.

Quake Survivors In Morocco Sleep On Streets Of Marrakech

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People in Morocco slept in the streets of Marrakech for a third straight night as soldiers and international aid teams in trucks and helicopters began to fan into remote mountain towns hit hardest by a historic earthquake.

The disaster killed more than 2,100 people — a number that is expected to rise — and the United Nations estimated that 300,000 people were affected by Friday night’s magnitude 6.8 quake.

Amid offers from several countries, including the United States and France, Moroccan officials said Sunday that they are accepting international aid from just four countries: Spain, Qatar, Britain and the United Arab Emirates.

“The Moroccan authorities have carefully assessed the needs on the ground, bearing in mind that a lack of coordination in such cases would be counterproductive,” the Interior Ministry said in a statement.

While some foreign search-and-rescue teams arrived on Sunday as an aftershock rattled Moroccans already in mourning and shock, other aid teams poised to deploy grew frustrated waiting for the government to officially request assistance.

“We know there is a great urgency to save people and dig under the remains of buildings,” said Arnaud Fraisse, founder of Rescuers Without Borders, who had a team stuck in Paris waiting for the green light. “There are people dying under the rubble, and we cannot do anything to save them.”

Help was slow to arrive in Amizmiz, where a whole chunk of the town of orange and red sandstone brick homes carved into a mountainside appeared to be missing. A mosque’s minaret had collapsed.

“It’s a catastrophe,’’ said villager Salah Ancheu, 28. “We don’t know what the future is. The aid remains insufficient.”


Residents swept rubble off the main road into town and people cheered when trucks full of soldiers arrived. But they pleaded for more help.

“There aren’t ambulances, there aren’t police, at least for right now,” Ancheu said, speaking about many parts of the region on Sunday morning.

Those left homeless — or fearing more aftershocks — slept outside Saturday, in the streets of the ancient city of Marrakech or under makeshift canopies in hard-hit Atlas Mountain towns like Moulay Brahim. Both there and in Amizmiz, residents worried most about the damage in hard-to-reach communities. The worst destruction was in rural communities that rely on unpaved roads that snake up the mountainous terrain covered by fallen rocks.

Those areas were shaken anew Sunday by a magnitude 3.9 aftershock, according to the U.S. Geological Survey. It wasn’t immediately clear if it caused more damage or casualties, but it was likely strong enough to rattle nerves in areas where damage has left buildings unstable and residents feared aftershocks.

UN Rights Chief Criticizes Russia For Quitting Black Sea Grain Deal

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The United Nations Rights Chief Volker Turk has blamed Russia’s exit from the Black Sea grain deal as well as its attacks on agricultural facilities for higher food prices.

Turk who was speaking at the opening of the Human Rights Council session in Geneva was referring specifically to high malnutrition rates in Somalia amid drought.

Russia quit the U.N.-brokered grain deal, aimed at easing a global food crisis, in July.

In the same speech evoking human rights crises around the world, Turk referred to a series of incidents of Koran burning in Sweden and elsewhere repugnant.

He also called for strong remedial action from China in response to a report from his predecessor a year ago that highlighted possible crimes against humanity committed against Muslims in Xinjiang.

Ukraine has accused Russia of intentionally striking grain terminals and infrastructure in the Black Sea port of Odesa and elsewhere. In some cases, Russian state media have claimed the facilities were housing mercenaries and military hardware, without providing evidence.

Russia’s Putin, Malian Leader Advocate Political Solution In Niger

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FILE PHOTO: Malians hold a photograph with an image of Colonel Assimi Goita, leader of Mali's military junta, and Russia's flag during a pro-Malian Armed Forces (FAMA) demonstration in Bamako, Mali, May 28, 2021. REUTERS/ Amadou Keita/File Photo

Russian President Vladimir Putin and Mali’s military ruler, Assimi Goita, are advocating a political settlement in Niger, where the coup leaders have accused France of planning a military intervention.

Moscow said Putin and Goita had talked by telephone at Bamako’s request where they discussed the situation in Niger and said the political crisis sparked by a coup d’état on 26 July should be resolved through political and diplomatic means.

The Kremlin said Putin and Goita also discussed cooperation between Russia and Mail on economic and commercial issues, and on “anti-terror” operations.

Goita thanked Russia for vetoing an attempt by the United Nations Security Council to keep a team of UN experts in Mali.

The comment came a day after Niger’s military rulers accused former colonial power France of assembling troops, war materials and equipment in several neighbouring West African countries.

The West African regional bloc ECOWAS has threatened to intervene militarily in Niger over the coup, which ousted elected president Mohamed Bazoum.

ECOWAS leaders say they have to act after Niger became the fourth West African nation since 2020 to suffer a coup, following Mali, Burkina Faso and Guinea.

Mali has shifted sharply to Russia since back-to-back coups in 2020 and 2021, becoming one of the few nations to back Moscow at the United Nations over its invasion of Ukraine.

Neighbouring Mali voiced support for Niger’s new military rulers shortly after the July takeover and has on several occasions stated its opposition to a military intervention there.