Africa
News stories from Africa…
FG to Issue $500 Million Domestic FX-Denominated Bonds in august
The Nigerian government is set to issue $500 million in domestic foreign currency-denominated bonds in August, according to Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The move is aimed at attracting savings held by Nigerians … Continue Reading
Nigeria Emerges Among Top Countries in Digital Transformation Readiness, Scores 71%
A recent report by the International Telecommunications Union (ITU) has placed Nigeria among the top seven countries in Africa, with a score of 71 per cent in its readiness for digital transformation. The report, titled “Collaborative Regulation: Accelerating Nigeria’s Digital … Continue Reading
Sierra Leone Court Sentences 11 For Failed Coup Attempt
A high court in Sierra Leone has sentenced 11 individuals, including soldiers and police officers, to lengthy prison terms for their involvement in a failed military coup attempt last year.
The convicted individuals, including two female police officers, received sentences … Continue Reading
Family members sent to retrieve body of deceased Paralympic coach in Norway vanish
A bizarre incident has shaken the Ghanaian sporting community, with the National Paralympic Committee (NPC) facing intense scrutiny over a recent trip to Norway. A group of relatives, sent to retrieve the body of a deceased coach, have absconded in … Continue Reading
N70,000 Minimum Wage inclusive of Private sector employees And domestic workers – senate
The Senate has approved a new minimum wage of N70,000, which will be applicable to all employees in both the public and private sectors, including domestic workers such as maids, nannies, and other household staff. The legislation was transmitted … Continue Reading
Economic hardship: FG cuts allowance of Nigerian scholars stranded abroad
The Federal Government of Nigeria has announced a reduction in the allowances of foreign scholars studying under the Federal Government’s Bilateral Educational Agreement Scholarship (BEA) program. The decision was made due to the country’s economic crises, according to a … Continue Reading
We must support local champions like dangote – Femi Otedola defends his ‘brother’
Femi Otedola, billionaire businessman and chairman of Geregu Power PLC and FBN Holdings, has come out in strong support of Aliko Dangote, the chairman of Dangote Industries Limited, amid a heated dispute between Dangote and Nigeria’s oil sector regulators.
In … Continue Reading
don’t protest, give me more time – tinubu begs nigerians
The Nigerian government has received notice of a nationwide protest planned by various groups of citizens to take place from August 1 to 10, aimed at protesting the rising cost of living and economic hardship in the country. In … Continue Reading
N3 trillion supplementary budget allocated for new minimum wage – FG
The Federal Government has announced plans to allocate a significant portion of the proposed N6.2 trillion supplementary budget to address the national minimum wage and infrastructure deficit. According to Minister of Budget and National Planning, Senator Atiku Bagudu, the … Continue Reading
African Development Bank (AfDB) invests $10.9bn in Nigeria
The Director-General of the West Africa Region of the African Development Bank (AFDB), Lamin Barrow, has stated that the cumulative funds approved by the bank in Nigeria have reached 10.9 billion dollars. This was disclosed during the Second Interactive Session … Continue Reading