Africa
News stories from Africa…
Nigeria Emerges as Africa’s Leading Importer of Refined Petrol from Europe, Reports S&P Global Commodity Insights
S&P Global Commodity Insights analysts have disclosed that Nigeria has assumed the position of Africa’s primary importer of refined petrol, amid a surge in petrol shipments from Europe to the continent.
Following the European Union’s ban on Russian oil since … Continue Reading
Ecobank Secures $250 Million Bridge-to-Bond Loan Facility to Boost Trade Finance
Ecobank Transnational Incorporated (ETI) has announced the successful conclusion of a $250 million senior unsecured bridge-to-bond loan facility, in partnership with African Export-Import Bank (Afreximbank), Africa Finance Corporation (AFC), and Mashreqbank psc.
The facility, designed to support trade finance and … Continue Reading
EFCC Reports N1.5bn Repayment by Ibeto in Alleged N4.8bn Fraud Case
The Economic and Financial Crimes Commission (EFCC) informed Justice Oyindamola Ogala of the Lagos High Court that Cletus Ibeto, Chairman of Ibeto Energy Development Company, has reimbursed N1.5bn in two instalments regarding the N4.8bn fraud allegations against him.
Rotimi … Continue Reading
Five Internet Fraudsters Convicted and Sentenced in Benue State
The Federal High Court sitting in Makurdi, Benue State has handed down convictions and sentences to five individuals involved in internet fraud. Justices M.S. Abubakar and R.J. Egbe presided over the cases and delivered the verdicts, sending a strong message … Continue Reading
Federal Government Launches Presidential Conditional Grant Scheme to Empower Nano Businesses Nationwide
The Federal Government of Nigeria has unveiled the Presidential Conditional Grant Scheme (PCGS) as part of its Presidential Palliative Programme. Commencing on March 9, 2024, this initiative aims to provide financial grants, free from repayment obligations, to eligible … Continue Reading
Nigeria’s Agriculture Exports Face Setback Due to Quality Concerns, Says Ngozi Okonjo-Iweala
In a recent address in Abuja, the World Trade Organisation (WTO) Director-General, Ngozi Okonjo-Iweala, highlighted Nigeria’s declining position in global agriculture export markets.
Despite ample arable land and increased investments, Nigeria has shifted from being a net exporter to a … Continue Reading
President Tinubu Approves Appointments for FCT Civil Service Commission and Permanent Secretaries
President Bola Ahmed Tinubu has given his approval for the appointment of key personnel within the Federal Capital Territory (FCT) Civil Service Commission and the designation of permanent secretaries.
This decision comes following recommendations put forward by the Minister of … Continue Reading
Reps Urge CBN to Curb Banks’ Delay in Returning Customers’ Funds
In a bid to address the prolonged holding of customers’ reversed funds by commercial banks, the House of Representatives has called on the Central Bank of Nigeria (CBN) to intervene.
This decision came after the adoption of a motion titled, … Continue Reading
FIRS Introduces Self-Registration Module to Enhance Taxpayer Experience
the Federal Inland Revenue Service (FIRS) has rolled out a self-registration module on the Tax-Pro Max platform to streamline tax processes and enhance ease of doing business.
This initiative, aimed at fostering a customer-centric approach, allows newly registered business … Continue Reading
PRP Urges President Tinubu to Investigate Alleged N3 Trillion Budget Padding
The Peoples Redemption Party (PRP) has issued a stern call for President Bola Ahmed Tinubu to launch an investigation into alleged budget padding amounting to N3 trillion in the 2024 national budget.
President Bola Tinubu
The PRP voiced concerns … Continue Reading