Africa
News stories from Africa…
Rivers State Set to Host ECOWAS Parliament
The Secretary-General of the ECOWAS Parliament, Bertin Some, also addressed reporters, affirming the delegation’s satisfaction with the facilities inspected.
Port Harcourt, Nigeria – Rivers State is preparing to host an extraordinary session of the Economic Community of West African States … Continue Reading
DisCos Raise Electricity Meter Costs by 28.03%, Second Price Hike in Four Months
Electricity Meter Prices Surge Again in Nigeria Amid Ongoing Deregulation
Electricity Distribution Companies (DisCos) across Nigeria have announced an increase in prices for various models of electricity meters, marking the second price rise in a span of … Continue Reading
Imo State Catholic Priest Abducted By Unknown Gunmen
Kidnapping of Imo State Priest Sparks Urgent Calls for Prayers
In a distressing incident in the Obollo community of Imo State, gunmen abducted Rev. Fr. Emmanuel Azubuike, the parish priest of St. Theresa’s Catholic Parish, on the evening of November … Continue Reading
Bayelsa Governor Urges Stronger NDDC Partnership for Niger Delta Growth
Bayelsa State Governor Douye Diri has issued a call to the Niger Delta Development Commission (NDDC) to strengthen collaboration with state governments in the region to ensure impactful and streamlined development efforts.
During a recent courtesy visit from NDDC officials, … Continue Reading
N2.8bn Grant to Boost AI Talent Development in Nigeria
Nigeria is set to make significant strides in the global artificial intelligence (AI) sector through a groundbreaking partnership between the Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE) and Google.org to boost aI talent Development.
A generous grant of … Continue Reading
MTN Plunges into N514.9bn Loss Amid Subscriber Decline
MTN Nigeria Communications Plc has reported a staggering N514.9 billion loss for the nine months ending September 30, 2024.
Despite a N4.1 billion profit after tax (PAT) in the third quarter, the company’s overall PAT, adjusted for net foreign exchange … Continue Reading
Nigerians Struggle to Repay N4.05 Trillion in Loans
Nigerians repaid an eye-watering N4.05 trillion in personal loans during the second quarter of 2024, marking a significant shift in consumer behavior as the country grapples with rising interest rates and mounting economic pressures.
According to the Central Bank of … Continue Reading
Higgledy-Piggledy Naira Drops to N1,615 Per Dollar
The Nigerian Naira’s freefall against the US Dollar has intensified economic uncertainty, as it now trades at an alarming ₦1,610 to ₦1,615 on the black market, as of November 4, 2024.
The Central Bank of Nigeria (CBN) released new exchange … Continue Reading
‘We Are Making Progress on Economic Recovery’ – President Bola Tinubu
In a recent address, President Bola Ahmed Tinubu expressed confidence in Nigeria’s ongoing economic recovery, emphasizing the significant strides his administration has made since taking office on May 29, 2023.
Despite the persistent challenges of rising inflation and public dissatisfaction, … Continue Reading
