Africa
News stories from Africa…
Naira Further Depreciates to N1,300/$ In Foreign Exchange Markets
In the latest developments in the Nigerian financial landscape, the Naira has witnessed a notable depreciation against the US dollar, surpassing the parallel market rate by a significant margin. According to data sourced from the Nigerian Foreign Exchange Market (NAFEM)… Continue Reading
Federal Government Launches N200bn Intervention Fund for MSMEs and Manufacturers
The Nigerian government launches a N200 billion Presidential Intervention Fund to support MSMEs and manufacturers, aiming to boost economic growth and industrial development.
The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, took to social media to announce the launch … Continue Reading
Justice Eberechi Nyesom Wike Elevated to Court of Appeal
Justice Eberechi Nyesom Wike of the Rivers State Family Court has been appointed to the prestigious Court of Appeal of Nigeria, along with 21 other judges, following a rigorous selection process that vetted 89 nominees.
The confirmation of Justice … Continue Reading
FCCPC Investigates Allegations of Discrimination at Chinese Supermarket in Abuja
The Federal Competition and Consumer Protection Commission (FCCPC) has stepped in to address allegations of discriminatory practices at a Chinese supermarket situated within the China General Chamber of Commerce in Abuja. The controversy arose after reports surfaced indicating that the … Continue Reading
Troops Dismantle ISWAP Bread Production Facility in Borno State
In a significant move against terrorism, Operation Lake Sanity III, a component of Operation Hadin Kai, has successfully dismantled a concealed bread production facility operated by the Islamic State West Africa Province (ISWAP) militants in the Maisani area of the … Continue Reading
Controversy Brews as Abuja Chinese Supermarket Denies Entry to Nigerians
An Abuja-based Chinese supermarket has sparked controversy and faced criticism after implementing a policy that restricts entry exclusively to individuals of Chinese descent. Situated at the China General Chamber of Commerce along Umaru Musa Yar’Adua Road in the Federal Capital … Continue Reading
Naira’s Remarkable Turnaround: CBN Governor Cardoso’s Insights into Nigeria’s Currency Journey
In an exclusive interview conducted during the IMF/World Bank Spring Meetings in Washington DC, Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), provided valuable insights into his vision for shaping Nigeria’s monetary policy, addressing foreign … Continue Reading
Tragic Death of 23-Year-Old Student Allegedly Drugged on His Birthday
A 23-year-old student of Akanu Ibiam Federal Polytechnic, Uwana, Ebonyi State, met a tragic end on his birthday in Agbo Ibeku, Abia State, allegedly after being drugged by his friend. The victim, identified as Chinedu Hope, was reportedly lured to … Continue Reading
Meet Ndubuisi Ekekwe: Nigerian Scholar With 2 PhDs and 4 master’s degrees
Ndubuisi Ekekwe, a distinguished Nigerian scholar, is making significant strides in the world of technology, particularly with his groundbreaking contributions to microchip development and medical robotics. Ekekwe, renowned for his work in the semiconductor industry, is the founder of … Continue Reading
Police Detain Yahaya Bello’s ADC and Security Personnel Amidst Escalating Legal Battle
The Nigeria Police Force has apprehended a female police officer who served as the aide-de-camp (ADC) to the former governor of Kogi State, Yahaya Bello. The ADC, along with other police officers assigned to the 48-year-old Bello, is currently being … Continue Reading