Africa
News stories from Africa…
Otedola’s Multimillion-Naira Power Play: Rakes in Over N399 Million in Geregu Power Sell-Off Surge
Femi Otedola, the prominent businessman and Chairman of Geregu Power Plc, has executed a substantial divestment strategy, cashing out over N399 million from his investment in the power generation company. This marked the second notable sell-off within a month, showcasing … Continue Reading
Tinubu Launches Committee to Review National Minimum Wage
President Bola Ahmed Tinubu has officially inaugurated a 37-member tripartite committee aimed at formulating a new national minimum wage for Nigeria.
The inauguration, conducted by Vice President Kashim Shettima on behalf of the President, who is currently on a private … Continue Reading
Dangote Refinery Eyes US Crude Imports Amid Growing Global Competitiveness
Dangote Refinery is set to venture into crude oil imports from the United States in the coming months, signaling a notable shift in the global market dynamics.
Reports from Bloomberg indicate that Trafigura Group has secured a deal to supply … Continue Reading
“He’s hustling for his daily bread” – fans react to pastor yul edochie’s first sermon
Nollywood actor turned pastor, Yul Edochie, has ignited a social media frenzy with the launch of his online ministry, True Salvation Ministry.
The actor conducted the inaugural church service on his YouTube channel, delving into his spiritual journey and … Continue Reading
Brazil Returnee Arrested at MMIA Lagos Airport for Ingesting 60 Wraps of Cocaine
Operatives of the National Drug Law Enforcement Agency (NDLEA) have apprehended a Brazil returnee, Udechukwu Ekene Theophilus, at the Murtala Muhammed International Airport (MMIA) in Ikeja, Lagos. The suspect was taken into custody after ingesting 60 large wraps of cocaine.… Continue Reading
Niger, Mali and Burkina Faso Military Juntas Announce Exit from ECOWAS
Military regimes in Niger, Mali and Burkina Faso have announced their exit from the West African reginal bloc, the Economic Community of West African States (ECOWAS).
The leaders of the three Sahel nations – Ibrahim Traoré of Burkina Faso, Mali’s … Continue Reading
President tinubu Closes $7 billion India Investment deal
The Nigeria Federal Government has successfully inked a monumental $7 billion investment deal with India, marking a significant milestone in the country’s pursuit of foreign investments.
The announcement was made by Mr. Gangadharan Balasubramanian, the Indian High Commissioner to Nigeria, … Continue Reading
Nigeria and Morocco Accelerate $25 Billion Gas Pipeline Dreams
In a significant stride towards realizing the $25 billion Nigeria-Morocco gas pipeline project, the Federal Government has heightened discussions with the Kingdom of Morocco.
The talks, held on Wednesday, brought together the Minister of State for Petroleum Resources (Gas), Ekperikpe … Continue Reading
Supreme Court Judgement: Fubara Enjoins Every Rivers Resident to Support Peace and Development
Governor of Rivers State, Sir Siminalayi Fubara has declared his resolve to remain committed to the purpose for which he was elected and will not allow anything to distract governance.
Sir Fubara restated his avowed commitment to governance on Thursday … Continue Reading
Federal Government Launches N200 Billion Boost for MSMEs, Unveils Strategic Initiatives for Economic Growth
The Federal Government of Nigeria has unveiled a substantial allocation of N200 billion to bolster Micro, Small, and Medium Enterprises (MSMEs) as well as the manufacturing sectors, with the aim of fueling job creation and fostering economic growth.
This significant … Continue Reading