₦airaland Forum

Flangelo12:
You mean I can stay 360 days in Palau?

yes, with American passport

oz4real83:
This separates men from boys, Nigerian passport can only take Nigerians to countries that are hungrier than Nigerians

ECOWAS

viyon02:
Though Kuwait could have the best bet because of their high value exchange rate to dollar, but religion descrination made it unattractive to foreigner. I think Oman is the best deal.

Oman is worse,I have been there

PEACE2023:
Lies I have friends in all the 4 countries

It's a particular location in these countries, they are encouraging people to move there

Traveling abroad is an adventure that can open up your world and give you a new perspective on pretty much everything. You can explore new cultures, learn new traditions, try new foods and see how people live in other countries. With a U.S. passport, you can travel to a slew of countries with ease.

The Arton Capital Passport Index currently ranks the U.S. passport as the 8th most powerful passport globally, with a mobility score of 172. A U.S. passport allows you to travel to 116 countries without the hassle of obtaining a visa. There are restrictions, however, on the length of time you can stay in each country. Time limits range from 90 days to 180 days, with a few countries allowing stays of up to 360 days. The limit means you’ll have to head back home to the states before returning to that country.



Countries that allow U.S. passport holders to travel visa-free

Albania 360 days
Andorra 90 days
Angola 30 days
Antigua and Barbuda 180 days
Argentina 90 days
Armenia 180 days
Austria 90 days
Bahamas 240 days
Barbados 180 days
Belgium 90 days
Belize 180 days
Bosnia and Herzegovina 90 days
Botswana 90 days
Brazil 90 days
Brunei 90 days
Bulgaria 90 days
Canada 180 days
Chile 90 days
Costa Rica 180 days
Croatia 90 days
Cyprus 90 days
Czech Republic 90 days
Denmark 90 days
Dominica 180 days
Ecuador 90 days
El Salvador 180 days
Estonia 90 days
Eswatini 30 days
Fiji 120 days
Finland 90 days
France 90 days
Georgia 360 days
Germany 90 days
Greece 90 days
Grenada 90 days
Guatemala 90 days
Guyana 90 days
Haiti 90 days
Honduras 90 days
Hong Kong 90 days
Hungary 90 days
Iceland 90 days
Ireland 90 days
Israel 90 days
Italy 90 days
Jamaica 180 days
Japan 90 days
Kazakhstan 30 days
Kiribati 90 days
Kosovo 90 days
Kyrgyzstan 60 days
Latvia 90 days
Liechtenstein 90 days
Lithuania 90 days
Luxembourg 90 days
Macao 30 days
Malawi 30 days
Malta 90 days
Mauritius 90 days
Mexico 180 days
Micronesia 30 days
Moldova 90 days
Monaco 90 days
Mongolia 90 days
Montenegro 90 days
Morocco 90 days
Mozambique 30 days
Namibia 90 days
Netherlands 90 days
Nicaragua 90 days
North Macedonia 90 days
Norway 90 days
Palau 360 days
Panama 180 days
Paraguay 90 days
Peru 180 days
Philippines 30 days
Poland 90 days
Portugal 90 days
Romania 90 days
Saint Kitts and Nevis 180 days
Saint Lucia 42 days
San Marino 90 days
Sao Tome and Principe 15 days
Senegal 90 days
Serbia 90 days
Slovakia 90 days
Slovenia 90 days
South Africa 90 days
South Korea 90 days
Spain 90 days
St. Vincent and the Grenadines 180 days
Sweden 90 days
Switzerland 90 days
Taiwan 90 days
Tajikistan 30 days
Thailand 60 days
Trinidad and Tobago 90 days
Tunisia 120 days
Ukraine 90 days
United Arab Emirates 30 days
United Kingdom 180 days
Uruguay 90 days
Vanuatu 120 days
Vatican City 90 days
Zambia 90 days



© 2024 Time Out England Limited

Chile
This narrow South American country sandwiched between the Andes and the Pacific Ocean is looking to become a tech hub, and it’s after creative thinkers with startup ideas to move to the capital, Santiago. Start-Up Chile, which has been operating since 2010, is an accelerator program offering equity-free monetary grants for three stages of startup development: The smallest is a four-month program that provides 15 million Chilean pesos (about $15,000) to budding entrepreneurs, and the largest offers 75 million Chilean pesos (about $100,000) and a one-year work visa to those with advanced-level startups. Companies with women leaders on the team will receive a higher percentage of the fund.


Italy
Most people have seen the articles and social media posts advertising houses for €1 in rural Italian towns. While many of those opportunities still exist, several places in Italy will outright pay to have you live there. Earlier this year, the region of Tuscany announced a new program offering between €10,000 (about $1,100) and €30,000 (about $32,000) in renovation funds for people to move to one of 76 mountain towns and purchase a permanent home. Non-EU citizens, including U.S. citizens, first must acquire a long-term residence permit. The island of Sardinia, which has been suffering from depopulation, offers €15,000 (about $16,286) to those who move to a rural area with fewer than 3,000 residents and renovate a home. The charming region of Calabria also has an incentive program through which applicants can receive up to €30,000 (about $32,500) to move to one of nine villages in Calabria that have populations of fewer than 2,000 people. Applicants need to be under 40 years old and either start a new business or get a job in an industry needing more workers. (For those looking for a move with less commitment—albeit without the cash incentive—Italy recently launched a new digital nomad visa.)

Greece
Perhaps it’s not surprising that the population of the island of Antikythera in the Aegean Sea is so small; only 24 people live on these eight square miles year-round, and 40 during the summer. In September 2023, the Greek Orthodox Church launched an initiative to bring five young families to the island, with some very specific requirements. Applicants must be families with at least four children to receive about $20,000, which is paid as a monthly stipend of €500 (around $550) for the family’s first three years on the island. Each of the five families will be provided with a house, which is not yet built. Families with a skilled worker will be given priority.

Ireland
In 2023, Ireland launched the Our Living Islands policy to bring people to 30 coastal islands around the country that suffer from low populations: The total population of all the islands is 3,000, and one island, Inis Bó Finne, has only two permanent residents.

It’s crucial for anyone considering this move to understand that the islands in the program include those cut off from the mainland once a day by a daily tide, and no bridges or causeways connect the islands to the mainland. The only transport options between these islands and the Irish mainland are by sea or air.

For those who are game, up to €84,000 (about $90,893) is offered for moving there and taking over a derelict property built before 1993. You still have to maneuver your way through Ireland’s immigration process. But the country’s fiscal encouragement might soften the blow.


© 2024 AFAR LLC

When travelling internationally, you usually need a visa to enter a country unless your home country has a visa-free agreement with that destination

The visa application process can be stressful, and the country has the right to reject your application even after you’ve paid the fees.

A good alternative is a visa on arrival, which often provides a more straightforward entry process and easier access to the country.

As the name implies, a visa on arrival is a type of visa that is issued at the country's entry point, which may be an airport, a land checkpoint, or a seaport.


Unlike an Embassy visa, you do not need to apply for a visa in advance, making travel easier. Instead, you must meet the requirements set by the host nation in order to be eligible for a visa on arrival.


Here is the list of countries that issue visas on arrival:
Thailand
Qatar
Armenia
Egypt
Kenya
Bangladesh
Bolivia
Cambodia
Gabon
India
Georgia
Iran
Kuwait
Laos
Mongolia
Myanmar
Malaysia
Nigeria
Nepal
Oman
Pakistan
Papua New Guinea
Saudi Arabia
Sri Lanka
Taiwan
Turkey
Uganda
Vietnam

Each country has a specific visa policy, allowing individuals to apply for a visa on arrival. For instance, in Nigeria, people with an ECOWAS passport don't need a visa on arrival.


Most countries will require you to come along with a valid passport with six months of eligibility, a round-trip ticket, a bank statement, a visa application fee, a filled-out form, and a passport photograph.

This visa is typically issued for short-term purposes like tourism, business meetings, family visits, and medical reasons.

However, it does not allow extended residence, work, or registration for government benefits.


If the country you are visiting is not on this list, check with the embassy of the country to determine if you are eligible.

Email: eyewitness@pulse.ng

Chinese laser-directed energy weapon systems that can disable or destroy drones have reportedly been spotted in Iran. They were allegedly spotted on October 4, Friday, three days after Iran launched a barrage of deadly missiles on Israel.

On October 4, Friday, Iran’s Supreme Leader Ayatollah Ali Khamenei gave a rare public sermon in which he said that Israel would not prevail over Hamas or Hezbollah.

During the sermon, Khamenei justified the missile attacks on Israel as a “public service” as he addressed tens of thousands of devotees who had gathered at Imam Khomeini’s Grand Mosalla mosque in Tehran as he backed the Palestinian and Lebanese movements against Israel.

The spot where the religious leader stood and led prayers was protected by many layers of defensive devices for security, including a possible Chinese laser counter-drone system, which was spotted by military observers after photos and videos of the event went viral.

Many experts believe that the counter-drone system was the Silent Hunter anti-drone system unveiled by China at the Zhuhai Air Show in 2022.

The Silent Hunter is an anti-drone laser weapon developed in China. It is an improved version of the 30-kilowatt Low-Altitude Laser Defending System (LASS) and is available in both fixed and mobile versions.


The Silent Hunter uses an electrically powered fiber optic laser and according to one Poly official, has a maximum power that is between 30 and 100 kilowatts and a maximum range of four kilometers. Although it is primarily designed to search, track, and destroy low-flying drones, it is powerful enough to penetrate five 2-millimeter steel plates at a range of 800 meters or a single 5-millimeter steel plate at 1000 meters. The sheer bulk of the Silent Hunter prevents its use on an aerial platform.

At least 14 countries are still sending money to France because they still use their colonial currency

The West African CFA Franc created in 1945 is used by eight West African countries: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.

Six Central African countries use the Central African CFA Franc: Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of Congo. The Comorian Franc is used only by the Comoros.

Interestingly, all these countries were colonised by France except Guinea-Bissau and Equatorial Guinea who were colonised by the Portuguese and Spain respectively.

All these three currencies are backed by France, meaning they are pegged to the euro and can be freely exchanged.

France manages the issuance and printing of these currencies. In exchange, countries using the CFA Franc must deposit at least 50% of their reserves at the French Public Treasury.

The CFA Franc's peg to the French Franc, and now the euro, has hindered the region's economic development.


Here are some implications of African countries using the CFA Franc

Reduced liquidity: Governments may struggle to access necessary funds during economic crisis.
Export penalties: Industries that engage in exports may face challenges due to fixed exchange rates.
Limited central bank intervention: The central banks of these countries have reduced flexibility to cause economic growth since they are focusing primarily on inflation control.
Investment scarcity: Businesses and households may face higher interest rates and reduced access to investment capital.

Benefits of the CFA Franc System for France
France still maintains significant economic control over the CFA Franc zone in the following ways:

Access to foreign currency reserves: When CFA Franc zone countries have trade surpluses, their foreign currency reserves are deposited in French banks, allowing France to use these funds for international finance.
Preferential market access: French companies enjoy preferential access to the markets within the CFA Franc zone.
Resource exploitation: French companies can exploit and extract resources from these countries.
Profit repatriation: French companies can freely repatriate their profits back to France without concerns about foreign exchange fluctuations.
Investment flexibility: French companies can establish businesses anywhere within the CFA Franc zone.
However, despite these, the advantage of using the CFA Franc is that it is stable, and that in turn helps these countries immensely, which is why a change may not be on the horizon.


Email: eyewitness@pulse.ng

MondayOmoAdugbo:
Nigeria is named after

A River by a foreigner

3 Top Energy Stocks to Buy for Reliable dividend

Oil prices have remained volatile, with traders reacting to the latest production decision from OPEC+, the implications of a U.S. election win for President-elect Trump, and the prospect of weaker energy demand out of China. Crude futures (CLZ24) today have dropped below $70 per barrel, with Wall Street casting a wary eye toward Beijing.

When energy prices are relatively low, it can be an ideal time for investors to scoop up shares of dividend stocks to maximize yield. Despite commodity price volatility, many integrated oil majors in the energy sector remain attractive investment opportunities, offering healthy, steady income with high yield ratios.

In particular, ExxonMobil (XOM), Chevron (CVX), and Shell (SHEL) are all standout energy stocks for investors seeking passive income. These companies have historically provided substantial returns to shareholders through consistent dividend payouts, and their ability to generate healthy cash flows makes them particularly appealing to those looking for steady income in their investment portfolios.

#1. ExxonMobil Stock
Headquartered in Texas, ExxonMobil (XOM) is a global leader in the oil, gas, and carbon capture industries, best known for its extensive operations in the exploration, production, and refining of oil and natural gas (NGZ24). In the most recent quarter, ExxonMobil produced an average of 4.6 million barrels of oil equivalent daily, and commands the largest market capitalization of $532 billion in the oil industry.

ExxonMobil's shares have climbed by 21.4% year-to-date, almost keeping pace with the broader S&P 500 Index's ($SPX) gains.
The company has a remarkable history of dividend payments, consistently increasing its payments for the past 42 years to establish its status as a Dividend Aristocrat. The oil giant is currently paying quarterly dividend of $0.99 per share, which translates to a yield of 3.27% at current levels - significantly higher than the S&P average of 1.5%.

During the Q3 earnings call, CEO Darren Woods stated, "We understand how important the dividend is to our investors, particularly our millions of retail shareholders. We remain committed to a sustainable, competitive, and growing dividend, which is a key component of the attractive total shareholder return we are delivering."

Despite fluctuations in oil prices, ExxonMobil paid out $12.3 billion in dividends so far in 2024, demonstrating its strong balance sheet and healthy cash flow. In Q3 2024, the company generated $17.6 billion in operating cash flow and $11.3 billion in free cash flow. The balance sheet remained robust, with a $27 billion cash balance and a net debt-to-capital ratio of 5%.

Analysts have a “moderate buy” rating on XOM stock, with a mean price target of $130.82. This reflects more than 8% upside potential from the current price.



#2. Chevron Stock
Based in California, Chevron (CVX) is one of the world's leading integrated energy companies, actively engaged in all sectors of the oil, natural gas, and geothermal energy industries. With a market valuation of $280.5 billion, Chevron is the only energy company listed on the 30-stock Dow Jones Industrial Average ($DOWI).

CVX stock has underperformed the broader market this year, up about 5% for 2024 amid weakness in oil prices.


Chevron is a compelling option for dividend-seeking investors, having consistently increased its annual dividend for the last 36 years. It currently offers a high yield of 4.15%, with a quarterly payout of $1.63 per share. The payout ratio stands at an impressive 55.9%.

On Nov. 1, CVX shares surged by 2.8% following the announcement of solid third-quarter results that exceeded analysts' expectations across both lines. Revenue reached $50.6 billion, while adjusted earnings per share of $2.51 surpassed the estimate of $2.47.

During Q3, the oil giant increased its global production by 7%, now producing 3.4 million barrels daily, surpassing ExxonMobil. The acquisitions of PDC Energy and assets in the Permian Basin have notably boosted production volumes.

Over the last two decades, Chevron has transformed into a cash-generating powerhouse. In Q3, it reported operating cash flow of $9.7 billion, supporting share buybacks and dividend payments.

Looking ahead, Chevron is heavily investing in its resource portfolio, initiating key projects in the Gulf of Mexico, Kazakhstan, and Tahiti fields, which are projected to increase supply production by 300,000 BOE/d by 2025.

To strengthen its balance sheet, Chevron is divesting lower-margin assets. Last month, the company announced the sale of its Canadian assets to Canadian Natural Resources for $6.5 billion. It also plans to sell its less profitable assets in Congo and Alaska in the upcoming quarter. These sales are expected to significantly enhance its financial position.

Analysts rate CVX stock a “moderate buy” with a mean price target of $169.38, indicating an expected upside potential of approximately 8.5%.


#3. Shell Stock
Based in London, Shell Plc (SHEL) is one of the oldest players in the oil industry, boasting a rich history that spans over a century. The company operates primarily across energy and petrochemical segments, exploring for, producing, and refining petroleum products. Currently, it holds a substantial market capitalization of $208 billion.

U.S.-traded shares of Shell stock have added just about 1% year to date, reflecting energy price weakness.


Shell offers a quarterly dividend payout of $0.69 per share, yielding 4.10% at current levels. The energy giant also recently announced a stock buyback program of $3.5 billion over the next three quarters.

On Oct. 31, Shell reported an adjusted Q3 profit of $6.03 billion, or $1.92 per share - down 4% year over year, but better than Wall Street expected, as higher liquefied natural gas (LNG) prices offset weakness in the chemical segment. However, revenue of $72.5 billion fell short of consensus expectations.

During Q3, Shell generated a healthy $14.68 billion in cash flow from operations, which surpassed estimates, and reported $10.8 billion in free cash flow. Its net debt-to-capitalization ratio improved to approximately 15.7%, down from 17.3% a year ago.

Overall, analysts remain bullish on SHEL stock, with a consensus "moderate buy" rating from the 19 in coverage. The average 12-month price target is $80, implying an upside potential of more than 21% from current levels.


© 2024 Barchart.com, Inc. All Rights Reserved.

ZaddyJ:

I dont know if I'm the only one observing this . The Mods now ve penchant for recycling old news .
This news was released months ago now here again

Is there anything wrong with it

OakPearl:
Nice update.
Keep it up.

thanks

JAMO84:
And a certain presidential candidate with his frog voice, always going around calling Nigeria poverty capital of the word. You cannot be a disciple of Ojukwu and not be foolish.

Nigeria is not a poor country,it's the utilization of it's resources to develop the country and improve the standard of living of the masses that's the problem of her leaders

Despite abundant global wealth, some countries continue to suffer in extreme poverty. Going by GDP per capita country-wise, this article lists the poorest countries in the world in 2024. Before getting into the list of the poorest countries in the world, let’s first understand the concept of GDP per capita and how a country is ranked on this basis

GDP stands for Gross Domestic Product, which measures a country's goods and services produced yearly. Its population must also be considered to get a clearer picture of how rich or poor a country is. Therefore, divide the GDP by the total number of people in the country to get GDP per capita.

Now, here's where it gets interesting. Sometimes, the GDP per capita only tells us part of the story. That's because the cost of living and inflation rates can vary a lot from one country to another. That is where PPP penetrates to make a fair comparison. PPP stands for Purchasing Power Parity and considers the local costs and inflation rates to give a more accurate picture of the standard of living in different countries.
Some countries might have artificially inflated GDPs due to being tax havens. GDP per capita PPP is a helpful tool to pinpoint the poorest countries in the world

Let's take a closer look at these poorest countries in the world and examine the underlying causes contributing to their economic challenges.



South Sudan
GDP: $11.79 billion
Population: 11,205,383
South Sudan, the world's youngest country, gained independence in 2011 but faces significant economic challenges. Political instability, ongoing conflicts, and limited infrastructure hinder its progress. With a majority relying on traditional agriculture, violence and extreme climate events often disrupt farming, perpetuating poverty in this landlocked nation of about 11 million people.


Burundi
GDP: $13.17 billion
Population: 13,459,236
Burundi, a small landlocked country in East Africa, confronts significant socio-economic challenges, including political instability, conflicts, and inadequate infrastructure development. The nation's economic struggles and the hardships faced by its citizens are further exacerbated by rapid population growth. With approximately 80 percent of the population reliant on subsistence agriculture, food insecurity is remarkably high compared to other sub-Saharan African countries.


Central African Republic (CAR)
GDP: $6.91 billion
Population: 5,849,358
The Central African Republic (CAR), situated in Central Africa, grapples with profound economic challenges due to political instability, armed conflicts, and inadequate infrastructure. The country's wealth in gold, oil, uranium, and diamonds contrasts starkly with the widespread poverty experienced by its citizens. The combination of price increases for essential goods following the war in Ukraine and severe flooding and drought cycles has further exacerbated the CAR's economic struggles.

Malawi
GDP: $40.07 billion
Population: 21,390,465
Despite its beautiful landscapes, Malawi, located in southeastern Africa, grapples with significant economic challenges. The nation relies heavily on rain-fed agriculture, making it vulnerable to climate change and fluctuating commodity prices. Nonetheless, the government remains committed to promoting economic diversification, improving education and healthcare, and reducing poverty.

Mozambique
GDP: $60.29 billion
Population: 34,497,736
Mozambique, a sparsely populated country and a resource-rich former Portuguese colony, faces poverty due to natural disasters, disease, rapid population growth, low agricultural productivity, and wealth inequality. Despite its resource richness and strong GDP growth, the country remains among the world's poorest, exacerbated by attacks from Islamic insurgent groups in the gas-rich north.

Democratic Republic of the Congo (DRC)
GDP: $190.13 billion
Population: 104,354,615
The Democratic Republic of Congo, or the DRC, the biggest country in Sub-Saharan Africa, faces profound economic challenges despite its wealth in natural resources like cobalt and copper. Most of the population lives in poverty, with around 62 percent of Congolese living on less than $2.15 a day. Malnutrition, limited access to education and healthcare, and high fertility rates further exacerbate the country's poverty and development constraints.

Somalia
GDP: $30.43 billion
Population: 19,009,151
The Somali Civil War broke the backbone of the country's economy. It led to a complete state collapse, with a tremendous loss of human and physical capital. The easternmost country in continental Africa mostly relied on an informal economy based on livestock, remittances from Somalis living abroad, and telecommunications. Based on gross domestic product, in 2021, Somalia was the third-poorest country in the world (after Burundi and South Sudan). In international assessments of its business climate, Somalia regularly lands in one of the last places.

Liberia
GDP: $10.58 billion
Population: 5,492,486
Liberia's enduring poverty stems from violent conflicts, including civil wars and outbreaks like Ebola, leading to unstable infrastructure and limited services. Forced migration disrupts agriculture, contributing to food insecurity. International organisations like the World Food Programme strive to alleviate poverty and improve the country's future through sustainable development efforts and investment in education and healthcare.

Niger
GDP: $55.55 billion
Population: 27,844,740
Niger, a landlocked West African country, faces economic challenges and high poverty rates due to limited natural resources, frequent droughts, and a predominantly agricultural economy. With 80 percent of its territory blanketed by the Sahara Desert and a growing population reliant on small-scale agriculture, desertification poses a significant threat.

Madagascar
GDP: $60.88 billion
Population: 25.6 million
Madagascar is an island country on the southeastern coast of Africa. Since its independence from France in 1960, it has gone through many political crises and military coups. Relatively good political stability and the current constitution were formed in 2014. Although the country is rich in political resources, internal instability, external interferences, and limited harnessing of these resources exist. Mining and tourism are the two big factors that contribute to the GDP of the country

© COPYRIGHT 2024, FORBESINDIA.COM ALL RIGHTS RESERVED

Upcoming Stock Splits This Week (November 11 to November 15) – Stay InvestedMarket News

These are the upcoming stock splits for the week of November 11 to November 15, based on . A is a corporate action in which the company issues additional common shares to increase the number of outstanding shares. Accordingly, the stock price of the company’s shares decreases, which maintains the market capitalization before and after the split.


In contrast, there are also reverse stock splits that reduce the number of outstanding shares (consolidate). In this case, too, the market cap is maintained as the share price increases following the reverse stock split.


Companies often undertake stock splits to improve the liquidity of the common shares and make them more affordable for retail investors. Let’s look quickly at the upcoming stock splits for the week.



1847 Holdings LLC – 1847 Holdings operates as a publicly traded partnership. The company buys stakes in private, lower-middle-market businesses with an enterprise value of less than $50 million. On November 1, EFSH announced a one-for-15 reverse stock split of its common stock to be effective November 11. The company is undertaking this reverse stock split to strengthen its market position and expand growth opportunities.


Volcon Inc. – Volcon designs and manufactures all-electric off-road power sports products for the outdoor community. The company produces both electric motorcycles and UTVs (utility terrain vehicles). On November 7, Volcon announced a one-for-eight reverse stock split of its common shares. Shares are expected to start trading on a split-adjusted basis on November 11.


Interactive Strength Inc. – Interactive Strength is a connected health fitness company that offers specialty fitness equipment and virtual training sessions. Some of its renowned brands include CLMBR, FORME, and FORME GOLF. On November 7, TRNR announced a one-for-100 reverse stock split to regain compliance with Nasdaq’s minimum bid price requirement of $1.00 per share. The share split will become effective today, November 11.


Fuelcell Energy – Fuelcell Energy provides sustainable energy solutions through its proprietary fuel cell technology platforms. On November 7, FCEL announced a one-for-30 reverse stock split of its common shares to increase the per share trading price of its common stock and regain compliance with Nasdaq’s continued listing requirements. Shares are expected to start trading on a split-adjusted basis on November 11.


Shineco Inc. – Shineco, through its subsidiaries, offers high-quality health products and services. The company announced a one-for-24 reverse stock split of its common shares, effective November 12. The reverse split will help regain compliance with Nasdaq’s continued listing requirements.


Jet. Inc. – Jet.AI is engaged in creating seamless experiences and solutions for the aviation industry through its natural language processing and advanced fleet logistics optimizations. The company operates two segments: Software and Aviation, with the aim of improving the private jet booking experience and services. On November 8, Jet.AI announced a one-for-225 reverse stock split of its common stock to regain compliance with the minimum bid price requirement under Nasdaq’s continued listing requirements. Shares are expected to start trading on a split-adjusted basis on November 12.


IRC Ltd. – Hong Kong-based IRC Ltd. is one of the largest iron ore miners in the Russian Far East. In October, IRC announced a rights issue to raise additional capital of roughly HK$362.1 million. Shares are expected to start trading on an ex-rights basis, effective November 12.


Danimer Scientific – Danimer Scientific is focused on creating more sustainable and natural ways to make plastic products that are 100% biodegradable and compostable. The company sells its products under the Nodax brand name. On November 2, DNMR announced a one-for-40 reverse stock split of its common stock, to be effective on November 13.


The reverse split is being undertaken to increase the per share trading price of DNMR stock to regain compliance with Nasdaq’s listing requirements.


Singapore Exchange Ltd. – Singapore Exchange Ltd., or SGX Group, operates an exchange platform that lists equity, fixed income, currency, and commodity securities. It is one of Asia’s largest, most international, multi-asset exchanges. SGX is expected to implement a 15-for-two stock split of its common shares, effective November 13.


Bolt Metals Corp. – Canada-based Bolt Metals Corp. is a copper mining and exploration company. On November 7, Bolt Metals announced a two-for-one stock split, to shareholders of record on November 13. Shares are expected to start trading on a split-adjusted basis on November 14.


Trio Petroleum Corp. – Trio Petroleum is an oil and gas company with exploration and production facilities in California and Utah. On November 4, Trio announced a one-for-20 reverse stock split of its common shares. Shares are expected to start trading on a split-adjusted basis on November 15.


Yoshitsu Co. Ltd. Sponsored ADR – Japan-based Yoshitsu Co. Ltd. is a retailer and wholesaler of Japanese beauty and health products. Yoshitsu is expected to undergo a one-for-ten reverse stock split of its common stock, effective November 15.


Disclaimer: The TipRanks Smart Score performance is based on backtested results. Backtested performance is not an indicator of future actual results. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations and warranties are made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from backtested performance. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Please note all regulatory considerations regarding the presentation of fees must be taken into account. No cash balance or cash flow is included in the calculation.

Nigeria roads are death traps,so drivers have to be mindful of these so as to be extra vigilant

Zooposki:
99% from the South West and 100% males. Just kontinue. South West leads, others follow.

south west (cybercrime)
South East (drug peddling)
North (banditry)

Commonwealth member countries are calling for restitution over the transatlantic slave trade. Are calls for reparations a sign of the Commonwealth's influence waning across Africa?

19 African countries remain part of the Commonwealth of Nations, which has a total of 56 member states across the world. Nearly all of them were once colonized by the British Empire in some shape or form.

Recently, there have been calls from some of Britain's former colonies for a reckoning over its role in the trans-Atlantic slave trade.

Leaders from member states have asked for a "meaningful, respectful and truthful" discussion of reparatory justice at the recent 27th Commonwealth Heads of Government Meeting.

Britain has so far rejected the idea of paying monetary compensation as reparations. British Prime Minister Keir Starmer, a former human rights lawyer, argued that he would rather "look forward" than have "endless discussions about reparations" involving the past.

But how do Africans weigh in on the issue?


'Reparation is not about money'
From the 15th to the 19th century, at least 12.5 million Africans are estimated to have been taken from their homes, kidnapped, and forced to board American and European ships. They were taken across the Atlantic against their will and sold into slavery across the Americas.

Some tallies state that the number could be as high as 28 million victims of slavery.

According to the UK parliament's website, Britain's involvement in the slave trade began in 1562: by the 1730s, the UK had become the biggest slave trading nation in the world.

UK Foreign Secretary David Lammy says that addressing slavery "is not about the transfer of cash"Image: Maja Smiejkowska/REUTERS
During his trip to Nigeria, UK Foreign Secretary David Lammy said that addressing dark chapter of the country's history "is not about the transfer of cash, particularly at a time of a cost-of-living crisis around much of the globe."

He urged Commonwealth leaders to find the "right language" and an understanding of history "to guide us towards making the right choices in future, where inequality exists."

The UK government meanwhile has never formally apologized for its role in slavery but has only acknowledged its involvement with "great regret" — that's at least how former Prime Minister Tony Blair expressed his sentiments on the matter back in 2007 already.

Britain — and the Commonwealth — have done little in the 17 years since then to talk about what this "regret" might need to translate into.

'Nothing to gain from Commonwealth'
According to Khalifa Dikwa, Professor of Social Linguistics and International Relations at the University of Maiduguri in northern Nigeria, there's great reluctance among African nations to remain in the Commonwealth against the backdrop of no real redress taking place as part of the debate on historic slavery.

Dikwa says, however, that African leaders have no choice but to stay in the Commonwealth: "There was coercion behind the scenes, diplomatically or otherwise. There's no gain from being a member of the Commonwealth because the whole trade was lopsided," he told DW.

According to Dikwa, the only country that benefits from the Commonwealth is Britain.

"There is nothing common about the Commonwealth," Dikwa said, adding that to ensure that the process of reparations can even begin, African countries in the Commonwealth must speak with one voice.

What is the future of the Commonwealth?

Britain's new approach
Chris Vandome, an expert on international relations at Chatham House, UK, told DW, however, that the Commonwealth does still play an important role behind the scenes, providing great support when it comes to economic issues as well as ideas around democracy and commitment to democratic institutions.

"This is an organization that has principles around democracy, it has principles around elections, the Harare principles, and it does have a desire for the subscription to the rule of law and democratic institutions," Vandome said.

UK Foreign Secretary Lammy meanwhile believes that Britain can engage differently and that it should pursue a new approach in its relations with African nations which will deliver on "respectful partnerships that listen rather than tell, deliver long-term growth rather than short-term solutions, and build a freer, safer, more prosperous continent."

However, many African Commonwealth leaders appear to doubt whether this will result indeed in more common wealth.


© 2024 Deutsche Welle
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A significant number of Nigerian cybercriminals have been sent to prison in recent months in the United States, and some of them received lengthy sentences.

The latest is Babatunde Francis Ayeni, a Nigerian national who had been living in the UK until he was extradited to the US. On Thursday, the Justice Department announced that he received a 10-year prison sentence for a business email compromise (BEC) scheme targeting real estate transactions.

According to authorities, Ayeni was involved in a sophisticated BEC scheme that involved phishing the email credentials of real estate agents and attorneys in the United States.

The man and his co-conspirators monitored compromised email accounts for significant real estate transactions and then instructed the party that was making the payment — by sending them an email from the hacked account — to wire the funds to an account controlled by the fraudsters.

According to the DOJ, more than 400 individuals from the US fell victim, more than half of which were unable to recover the money and lost a total of nearly $20 million.

Two of Ayeni’s accomplices, Feyisayo Ogunsanwo and Yusuf Lasisi, have been identified and charged, but they remain at large.

Ayeni is the second Nigerian to be given a lengthy prison sentence this month over his role in a BEC scheme targeting real estate transactions.

Last week, the Justice Department announced that Kolade Akinwale Ojelade has been sentenced to 26 years in prison for a BEC campaign that resulted in losses totaling $12 million. Ojelade had also been living in the UK before he was extradited to the US.

The US has prosecuted many Nigerian cybercriminals in recent months. Oludayo Kolawole John Adeagbo, who was extradited from the UK in 2022, was sentenced to seven years in prison in September for his role in a multimillion-dollar BEC scheme.

Another Nigerian citizen who was extradited from the UK to face cybercrime charges, Simon Kaura, was sentenced in September to five years in prison for selling stolen financial information on the dark web.

Bamidele Omotosho, also extradited from the United Kingdom, received a 12-year prison sentence in July over a cybercrime scheme that involved purchasing credentials and personal information from a dark web marketplace, and using it to make fraudulent money transfers.

Ebuka Raphael Umeti, who was last year extradited from Kenya to the United States, was sentenced to 10 years in prison in early September. His co-defendant, Franklin Ifeanyichukwu Okwonna, was sentenced at around the same time to five years and three months in prison.


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The Economic and Financial Crimes Commission has arrested the Accountant General of Edo State, Julius Anelu, and two other government officials.

Anelu and other officials who were in the custody of the commission as of the time of filing this report (7:30 pm) on Friday were arrested for alleged withdrawals of huge sums of money from the state’s account.

According to an impeccable source in the EFCC, out of N24.6bn paid into the government’s account, about N14bn was left within one week after the money was deposited some weeks back.

The source added that the EFCC acted to save the state and not to ground its activities as being peddled.


“We made some arrests of about two to three persons, including the Accountant General of the state. We have been investigating the governor of the state, Godwin Obaseki, since 2022 but this latest arrest was as a result of some withdrawals from the state’s derivation account.

“The amounts withdrawn were huge sums. For instance, about some weeks ago, N N24.6bn was paid into that account. But in less than one week, about N14bn was remaining in the account. To save the state, we had to quickly move. We are not in any way doing that to ground the state activities”, said the source.

Efforts to get the EFCC’s Head of Media and Publicity, Dele Oyewale, proved abortive as calls to his line were not answered.

He has yet to respond to a message sent to him on the matter.

The PUNCH had reported that Edo State governor-elect, Senator Monday Okpebholo, had accused the Obaseki administration ‘of last-minute borrowings and looting.’

In a statement he issued on October 16, Okpebholo, called on relevant authorities including the Economic and Financial Crimes Commission, police and Department of State Services to investigate the allegations.


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