Africa
News stories from Africa…
Customs Adjusts Exchange Rates: What It Means for Importers
The Nigeria Customs Service has again adjusted the foreign exchange rate for clearing imported goods at Nigerian ports.
This move, intended to reflect the performance of the Naira against the dollar across the foreign exchange markets, will impact importers who … Continue Reading
Governor Adeleke Leads Peace Delegation to Troubled Communities in Ilobu, Ifon, and Erin-osun
Governor Ademola Adeleke of Osun state has led a delegation comprising state government officials, services chiefs, and security personnel to embattled communities of Ofon, Ilobu, and Erin-Osun areas of the state.
The town hall meetings, held separately in each community, … Continue Reading
Peter Obi Lands in Côte d’Ivoire To Support Super Eagles in the Quarterfinals of AFCON 2023
The Labour Party presidential candidate in the last elections, Mr. Peter Obi has flown to Abidjan, the capital of Côte d’Ivoire to support the Nigerian national team, the Super Eagles, ahead of their quarterfinals match against Angola.
Nigerian Minister of Power Tackles Power Supply Issues
The Honourable Minister of Power, Bayo Adelabu, has engaged in crucial discussions with power-generating companies (GENCOs) and Distribution companies (DISCOs) to combat the persistent issue of blackouts plaguing parts of the country.
Following the yuletide improvement in power supply … Continue Reading
Reno Omokri Raises Concern Over MTN’s Role in Nigerian Economy – Calls for Investigation by Anti-Corruption Agencies
Reno Omokri has expressed apprehension about the negative impact of MTN monopoly on the Nigerian economy.
He urged President Bola Tinubu to scrutinize the Nigerian Communications Commission (NCC) board. Omokri alleges an anti-Nigerian sentiment within the board, drawing parallels to … Continue Reading
Nigeria and UK Partner in Mineral Development
The Nigerian Government has entered into a partnership with the UK to enhance development in critical mineral deposits.
The collaboration will see the establishment of a joint technical working group, as announced by the Minister of Solid Minerals Development, Dele … Continue Reading
Naira vs Dollar: Government Takes Drastic Measures to Address Naira Free Fall: BDCs Shut Down in Abuja
DSS Intervenes as President Tinubu’s Administration Grapples with Naira Crisis
President Bola Tinubu’s government has orchestrated the closure of Bureau De Change (BDC) centres in Nigeria’s capital, Abuja.
The directive allegedly came as a response to Naira’s record low against … Continue Reading
Atiku Abubakar Condemns Federal Government’s Move to Control NNPCL Finances
Former Vice President Atiku Abubakar has strongly criticized the Federal Government’s recent decision to have the Central Bank of Nigeria (CBN) oversee crude oil sales proceeds from the Nigerian National Petroleum Corporation Limited (NNPCL).
In a statement on his social … Continue Reading
Nigeria spends $1 billion dollars on 12 AH-1Z Viper Attack Helicopters
The United States Department of Defense has officially confirmed a substantial arms deal with Nigeria, signaling a strategic move to bolster the West African nation’s military capabilities.
The agreement, valued at $1 billion, focuses on the procurement of 12 state-of-the-art … Continue Reading
Tinubu Orders Speedy Resolution of $1.3 Billion OML 245 Oil Block Dispute
President Bola Tinubu has instructed key government officials to expedite the resolution of court cases surrounding the contentious $1.3 billion deep-water OML 245 oil block situated in the Niger Delta region.
The Minister of State for Petroleum Resources, Sen. Heineken … Continue Reading