Africa
News stories from Africa…
CBN Sells N1.053 Trillion in Government Securities in Successful Auction
The Central Bank of Nigeria (CBN) has announced the successful conclusion of a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management exercise.
CBN sells N1.053 trillion in government securities
Nigerian Employers Consultative Association(NECA) Warns Ministry’s Expatriate Employment Levy May Deter Investment
The Nigeria Employers’ Consultative Association (NECA) has issued a cautionary statement regarding the Ministry of Interior’s proposed expatriate employment levy.
They expressed concerns that it could discourage investment in the country.
NECA criticized the levy, highlighting the necessity for … Continue Reading
Nigeria Vows to Boost Investor Confidence and Combat Corruption: President tinubu’s Assurances at Nigeria-Qatar Business Forum
President Bola Tinubu delivered a resounding message of commitment to international investors at the Nigeria-Qatar Business and Investment Forum held in Doha on Sunday.
Assuring the global business community of Nigeria’s readiness for serious business, President Tinubu pledged decisive … Continue Reading
SERAP Sues President Tinubu Over Alleged Mismanagement of $3.4 Billion IMF Loan
Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against President Bola Tinubu, filing a lawsuit over the failure to probe allegations regarding the whereabouts of the $3.4 billion loan obtained by Nigeria from the International Monetary Fund (IMF).… Continue Reading
Federal Government Announces Resumption of Train from PH to Aba Route
The Federal Government has declared that train services on the Port Harcourt to Aba route are set to resume by the end of March.
FG announces resumption of train services on Port Harcourt to Aba route
This announcement was made … Continue Reading
Ukraine Donates 25,000 Tonnes of Wheat to Combat Hunger in Nigeria
In response to the escalating crisis of inflation and hunger in Nigeria, Ukraine has stepped up with a donation of 25,000 tonnes of wheat to the Nigerian government.
The donated wheat serves as emergency food assistance to assist 1.3 million … Continue Reading
Governor Aiyedatiwa Inaugurates New Cabinet Members in Ondo State
In a ceremony held at the International Culture and Events Centre (The Dome) in Akure, Governor Hon. Lucky Orimisan Aiyedatiwa of Ondo State inaugurated new members of the State Executive Council.
The ceremony saw the swearing-in of six commissioners, eight … Continue Reading
Nigeria Drills 3 of Executives of Binance, Demands $10 billion fine
Nigerian government has detained 3 executives of the crypto-trading platform Binance and demanded $10 Billion from the Asian firm over allegations of influencing the country’s forex crisis.
This was disclosed by the special adviser to President Bola Tinubu on information … Continue Reading
Cement: Tinubu Orders Dangote, BUA, Lafarge To Revert To Old Price
President Bola Ahmed Tinubu has directed cement manufacturing companies to revert to the old prices it sold before it was hiked following the depreciation of naira against the US dollar.
Minister of Works, David Umahi, informed newsmen of the president’s … Continue Reading
President Tinubu Launches Expatriate Employment Levy to Boost Nigerian Workforce
At the State House earlier yesterday, President Bola Ahmed Tinubu unveiled the Expatriate Employment Levy (EEL), marking a significant step towards bolstering Nigeria’s workforce and reducing wage disparities between Nigerians and expatriates.
The EEL initiative aims to foster skill retention, … Continue Reading