BUSINESS

African Development Bank loans Cameroon €84 million to support livestock and fish farming

The loan, approved by the Bank’s Board on Wednesday, will support the modernization of beef, pork and fish production, with significant improvements to food and nutrition in the country

With 11 million barrels of crude per day, America is now the world’s largest oil producer, ahead of Russia and Saudi Arabia

With 11 million barrels per day, the United States is now the largest producer of crude oil in the world, ahead of Saudi Arabia and Russia, for the...

Congolese Bank to Sign the China-Africa Inter Bank Association Establishment Agreement

Wednesday 5 September, 16 African banks including RAWBANK, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB) signed an agreement for the establishment of the...

Nigerian federal government clarifies Paris Club refund to states

In a statement, the Federal Ministry of Finance in Nigeria on Tuesday provided some clarifications to the Paris Club Refund approved for the 36 States of the Federation.

Opinion: Help, The manufacturing sector is collapsing in Nigeria under Buhari

By Ajibike OnajinJust recently, one of the biggest players in the manufacturing sector, Procter & Gamble Nigeria closed its $300m plant at Agbara...

Chinese consortium targets early 2019 for work on 3050 megawatts Mambila power project – Nigeria presidency

President Muhammadu Buhari has received assurances from the Joint Venture Partners assigned to construct the 3050 Megawatts Mambilla Hydro-electric Power Plant, that all processes leading to the start of work would...

Breaking: Nigeria, China sign $328 million ICT deal

Nigeria and China on Wednesday signed an agreement for $328 million Information and Communication Technology Infrastructure Backbone Phase II (NICTIB II) project, the presidency in Nigeria said in a statement to...

China has invested $5 billion in Nigeria in 3 years, says President Buhari

Nigeria's partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last...

South Africa in recession

South Africa is now in recession for the first time since 2009, data released on Tuesday showed."We are in a recession. We reported a contraction in the first...

13 ministers for “Africa Oil Week” in South Africa

At least 13 African ministers are expected to attend "Africa Oil Week" conference in South Africa in September, Conference Director Mr. Paul Sinclair said in a statement on Thursday.
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3 Nigerians dead from coronavirus in U.S. They were from Kano, Abia and Calabar

The Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, has confirmed the death of...
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SERAP asks Nigerian federal government and central bank to provide spending details on COVID-19 relief funds, school feeding

Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government and Central Bank of Nigeria (CBN) to “provide spending details...

Nigerian activists condemn killing of 8 inmates protesting against coronavirus in Kaduna prison

The Centre for Anti-Corruption and Open Leadership, CACOL has chastised the Kaduna state prison officials for their wanton murder of 8 inmates of...

Lagos to cover medical expenses for pregnant women and surgery patients amid coronavirus pandemic, governor says

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Saturday, announced more palliative measures for vulnerable residents who might be affected by the...

House of Representatives seeks 2-month free power supply for Nigerians amid coronavirus lockdowns and shutdowns

The House of Representatives is to consider a fresh Stimulus Bill that will ensure that Nigerians get free electricity supply for...
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