Africa
News stories from Africa…
IMF Approves Immediate Disbursement of $820 Million to Egypt as Economic Aid
The International Monetary Fund (IMF) announced on Friday the immediate disbursement of $820 million to the Egyptian government. This disbursement is part of an augmented plan aimed at providing vital support to the nation’s economic recovery efforts.
The IMF’s Executive … Continue Reading
EFCC Arrests 74 Suspected Internet Fraudsters in Ogun State
In a recent operation, the Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) apprehended seventy-four individuals suspected of internet fraud in Ogun State.
The details of the apprehension were revealed in a statement released on the social … Continue Reading
NNPC CEO Announces Replacement of Petroleum Products Pipeline Network
During the 2024 edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum in Abuja, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) revealed plans to replace the company’s over 5,000km … Continue Reading
NACCIMA President Urges Customs Duties Collection in Naira Amid Calls for Forex Market Stability
The President of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Dele Oye, has called for a change in the currency used for customs duties collection by the Nigeria Customs Service (NCS), emphasizing the … Continue Reading
Nigerian Economy Sees $1.5 Billion Inflow Following CBN’s MPR Hike
A remarkable $1.5 billion inflow was recorded within a week subsequent to the Central Bank of Nigeria (CBN) raising the Monetary Policy Rate (MPR) by 200 basis points to 24.75 percent on Tuesday.
Mrs. Hakama Sidi Ali, the Bank’s Acting … Continue Reading
president tinubu Assigns 50 man team to revive economy in 6 weeks
President Bola Tinubu has established two pivotal bodies, the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) in a bid to bolster economic governance and drive comprehensive planning. These initiatives, announced on Wednesday, signal a … Continue Reading
Federal High Court Orders Release of 313 Suspected Terrorists
A Federal High Court in Borno State has ordered the release of 313 suspected terrorists, citing a lack of evidence to prosecute the suspects after thorough investigations. The decision, disclosed by the Director of Defence Media Operations, Gen. Buba Edward, … Continue Reading
Heineken lokpobiri Threatens to Cancel Modular Refineries Licenses Over Performance Concerns
During “The Oil and Gas Sector Retreat 2024” in Abuja, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, issued a stern warning, threatening to revoke licenses of modular refineries if they fail to meet key performance standards.… Continue Reading
UNICEF and Federal Government Collaborate to Enhance WASH Programs Across Nigeria: Assisting 3,000 Schools in 5 Years
The United Nations Children Emergency Fund (UNICEF) has partnered with the Federal Government to provide assistance to thousands of schools over the past five years. Dr. Jane Bevan, UNICEF’s Chief of WASH, revealed this during a recent visit to the … Continue Reading
“Naira will continue to stabilize” – VP Shettima
Vice President Kashim Shettima expressed confidence in the continued stabilization of the Nigerian Naira in the coming weeks and months in an address at the inauguration of the National Design and Innovation Competition held at the Presidential Villa in Abuja. … Continue Reading