Regional News
Nigeria’s Boko Haram making gains again in Borno state, governor says | Reuters
Nigeria’s Islamist group Boko Haram has renewed attacks and kidnappings in northeastern Borno state with little push back from security forces, suggesting that authorities in the region were losing ground to insurgents, the state’s governor has said. Militants from Boko Haram and its offshoot Islamic State West Africa Province have mainly operated in the
The ActionAid Nigeria (AAN) and the Amnesty International-Nigeria have demanded the immediate and unconditional release of protesters arrested during the ‘Take it Back Movement’ protests in parts of the country on Monday. This is contained in separate statements by the helmsmen of the two organisations. ActionAid Nigeria’s Country Director, Andrew Mamedu, expressed outrage at the shocking and violent.
How African cheetahs are trafficked to Middle East | Premium Times Nigeria
Cheetah trafficking in the Horn of Africa has reached crisis levels. Research has documented at least 1,884 incidents involving around 4 000 live cheetahs and cheetah parts related to the illegal wildlife trade from Africa to the Arabian Peninsula between 2010 and 2019. A more recent study sheds light on how baby cheetahs are smuggled from the Horn of Africa to Gulf countries and sold as exotic pets. The illicit trade has increased significantly – since 2020, annual figures are 60 per cent higher than in the previous decade.
Nigeria loses billions as 16,000 doctors exit in seven years—Minister
Nigeria has lost over 16,000 doctors in the last five to seven years, a situation that has cost the country billions of naira, according to the Coordinating Minister of Health and Social Welfare, Muhammad Pate. Speaking in Abuja on Tuesday at the seventh annual capacity-building workshop of the Association of Medical Councils of Africa (AMCOA), Mr Pate, a professor, expressed concern over the rising migration of healthcare workers and its economic impact on the health sector.
Lead Poisoning: Nigerian govt warns illegal miners to vacate site in Zamfara
The Nigerian government has warned illegal miners to immediately vacate all sites in Zamfara State, citing a recent lead poisoning in Bugundu Local Government Area of the state.
Segun Tomori, the special assistant on media to the Minister of Solid Minerals Development, Dele Alake, disclosed this in a statement on Tuesday. The statement noted that all mining activities are still on hold until the release of standard operating procedures that will guide the resumption of exploration in the state.
Bus Rams Into Yobe Market, Kills Pregnant Woman, Four Others • Channels Television
An 18-seater Toyota Hiace Bus with registration number KTG 283 XA has rammed into the busy Damagum market in Yobe State, killing a pregnant woman, four others and injuring 19 persons. Confirming the number of casualties, the Sector Commander of the Federal Road Safety Corps (FRSC) in the state, Livinus Yilzoom, said the incident happened Sunday evening when the pedestrian victims were closing from the market.
Flood: FG urges communities to be on alert – Daily Trust
The federal government will on Thursday unveil the 2025 flood outlook to the public, including the potential high-risk areas this year as the rainy season sets in. The Director General of Nigeria Hydrological Services Agency (NIHSA), Umar Ibrahim Mohammed, disclosed this in a statement on Tuesday in Abuja. He said the Minister of Water Resources and Sanitation, Prof. Joseph Utsev, would unveil the forecasts which include expected flood patterns and potential.
Farming in Nigeria has become a risky affair for many due to rising insecurity. Faced with challenges ranging from communal clashes to banditry, farmers are being forced off their land, a development that threatens national food production and drive prices up.
Traffickers using digital platforms to lure Nigerians – FG – Daily Trust
The federal government has expressed concern that human traffickers are increasingly using digital platforms to lure and exploit victims. The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), raised the alarm in Abuja yesterday. Fagbemi described the situation as a fast-evolving and borderless threat that demands urgent action.
Nigeria begins e-visa policy implementation May 1 – Daily Trust
The federal government has announced that the implementation of its new electronic visa (e-Visa) system will commence on May 1st, 2025. The Minister of Interior, Tunji Ojo and his Aviation and Aerospace Development counterpart, Festus Keyamo, disclosed this on Wednesday in Abuja during a meeting on implementation and enforcement of immigration protocols.
Governor Zulum laments spate of Boko Haram attacks, says Borno losing ground
Governor Babagana Zulum has lamented the resurgence of Boko Haram attacks in Borno State, saying it signals that the state is losing ground to the terrorists. Mr Zulum made this known on Tuesday at a Special Expanded Security Meeting (ESM). According to Channels TV, the event was attended by the General Officer Commanding 7 Div, Abubakar Haruna, a major-general, sector commanders, commissioner of police and.
Many feared dead as passenger boat capsizes in Niger – Daily Trust
Many passengers, mostly traders, have died when their boat capsized in the River Niger along the Lapai axis of Niger State. Although details of the incident remain sketchy, Daily Trust gathered that the mishap occurred on Wednesday night at Sokun Village in Lapai LGA. The victims were said to be travelling from Bugge village in Kogi State to Sokun Village in Niger State, carrying over 200 bags of paddy rice, when the boat overturned due to cloudy weather and a violent windstorm.
Taraba traditional ruler warns fishermen against use of chemicals, explosives – Daily Trust
The Chief of Mutumbiyu in Gassol LGA of Taraba State, Alhaji Sulaiman Muhammed, has warned fishermen in his domain to desist from using chemicals and explosives to catch fish or face sanctions. The warning was delivered at the palace in Mutumbiyu shortly after the turbanning of Alhaji Bala Jambari as Sarkin Tarun (leader of fishermen) and Alhaji Tukura Julde as Danrimin Mutumbiyu.
The Nigeria Centre for Disease Control and Prevention (NCDC) has identified Ondo, Bauchi, and Edo states as the epicentres of the Lassa fever outbreak in the country. Briefing newsmen on Wednesday in Abuja, Dr Jide Idris, Director-General of NCDC, said that the states accounting for over 70 per cent of all confirmed cases reported so far in 2025.
Yobe: Hisbah resolves 565 disputes, destroys 51 cartons of alcohol – Daily Trust
The Yobe State Hisbah Commission said it resolved 565 disputes in the last 12 months in the state. The commission was established in March, 2024 by Governor Mai Mala Buni as part of efforts to address social vices in the state. Dr Yahuza Hamza Abubakar, the chairman of the commission, said the resolved disputes include those concerning issues related to family, business, inheritance, community and debts.
Children’s tale takes root in West Africa’s fight to regrow its forests
In 2020, journalist Arnaud Wust wrote a children’s story during a Covid-19 lockdown. What began as a family project has since blossomed into Xam Xam – an organisation teaching school children in Senegal and Côte d’Ivoire about environmental protection through storytelling and tree planting.
‘We Are Ignored’: Katsina Villagers Mourn Abduction of 50, Decry Gov’t Inaction – HumAngle
Over 50 villagers, mostly women, children, and elderly people, have been abducted in a recent wave of terrorist attacks in Katsina State, northwestern Nigeria, prompting outrage from residents who say government security forces have once again failed to protect them. The attacks, which took place from the night of Saturday, April 5, through to Sunday, April 6, affected rural communities in the Mai-Kwama and Layin Garaa areas of the Funtua and Dandume.
Poultry farmers face losses over heat, low demand for eggs – Daily Trust Depending on the size of the eggs, a crate of eggs in Abuja currently costs between N5,000 and N6,500 at retail stores. However, because demand is low and households find it difficult to manage their diminishing spending power due to the nation’s inflation, many stores have an abundance of eggs unsold. Two weeks ago, prices in Jos, a significant production centre in the north central region, were as low as N3,900 to N4,000.
Africa braces for economic hit as Trump’s tariffs end US trade perks
Unveiled at the White House on Wednesday, 2 April – dubbed “Liberation Day” by Trump – the plan imposes a minimum 10 percent tariff on all imported goods. It comes into effect on 5 April. Countries with the largest trade deficits with the US will be hit with higher, reciprocal tariffs beginning 9 April. “Reciprocal. That means they do it to us and we do it to them. Very simple. Can’t get any simpler than that,” Trump said.
Paul Biya, the godfather syndrome, and Africa’s underdevelopment – Daily Trust
When Paul Biya unexpectedly became the president of his country, Cameroon, in 1982, following the unexpected resignation of his predecessor, Ahmadu Ahidjo, he was only 49. He has been president since. By the time Cameroonians line up for the polls in October 2025, the nonagenarian will most likely be in the race.
Bandits kill 2, abduct 60 in Zamfara in revenge for kingpins’ killings – Daily Trust
Bandits have launched a series of attacks on several communities in Tsafe LGA of Zamfara State, killing two people and abducting over 60 others in what appears to be retaliation for the recent killing of some of their warlords by security operatives. Among the slain warlords was Kachalla Yellow (aka Dan Isuhu), who was killed about two weeks ago during a failed ambush on members of the Zamfara State Community Protection Guards deployed to Keta.
Bandits have taken over 64 communities in Plateau – Gov Muftwang – Daily Trust
Governor Caleb Muftwang of Plateau State has raised the alarm over the high wave of insecurity, lamenting that bandits have taken over 64 communities in his state. Speaking during an interview on Channels Television’s Politics Today, Mutfwang blamed unnamed terrorist groups for wreaking havoc in Plateau.
Security operatives foil break-in at VP Shettima‘s country home – Daily Trust
Security operatives thwarted an attempt by a man to break into the Maiduguri residence of the Vice President, Sen. Kashim Shettima, on Wednesday. The house is located at the New GRA, Gwange 3 Ward, off Bama Road, Maiduguri, the state capital. A security source confirmed to our correspondent that the incident happened around 0530hrs, on Wednesday, when the suspect tried to compromise the house security through the back fence.
Exports from Seme border hit N20 billion in Q1 – Daily Trust
The Seme border Command of the Nigeria Customs Service (NCS) said it processed 96,000 metric tonnes of export consignments with a Free On Board value of N20.5 billion in the last three months. The Customs Area Controller, Seme Area Command, Dr. Ben Oramalugo, who made this disclosure when he received the House of Representatives Committee on Customs and Excise, led by the Chairman, Leke Abejide, stated that the command also generated.
FG trains 120 researchers to strengthen cancer research
The federal government has launched a training programme for 120 young researchers aimed at enhancing their capacity for cancer research and evidence-based implementation in Nigeria. The project, Strengthening Institutional Capacity for Cancer Research and Implementation (SINCCAR), is designed to build sustainable institutional and human resources to address critical gaps in cancer research. It will also promote policy reforms and foster collaborative networks to improve cancer outcomes nationwide.
Africa off track on maternal mortality targets, UN warns on world health day 2025 | Africanews
Africa must increase its annual rate of progress twelvefold to meet the global target for reducing maternal deaths by 2030, according to new estimates from the United Nations. While the region has halved maternal deaths since 2000, it still accounts for seven out of every ten maternal deaths worldwide. The findings, released by the UN Maternal Mortality Estimation Interagency Group, show that maternal mortality in Africa fell from 727 deaths per 100,000 live births in 2000 to 442 in 2023.
Minister woos French investors – Daily Trust
The Minister of Information and National Orientation, Mohammed Idris, has made a strong case to French investors to invest in Nigeria due to its ambitious economic reforms, dynamic market potential and investor-friendly environment. The minister in a statement emphasised Nigeria’s commitment to fostering deeper economic ties with France while speaking at the Nigeria Business Forum in Paris yesterday.
Leadership, Reckless Speech and the LGBTQ Debate in Kebbi – PRNigeria News
During a recent official function, the Permanent Secretary of the Ministry of Religious Affairs in Kebbi State, Dr. Nasiru Abubakar Kigo, made a controversial statement, alleging that Kebbi and Sokoto states have the highest number of “registered gays and lesbians” in the country. The comment—offered without any verifiable data or context—immediately sparked public outrage, culminating in his suspension.
Peace and Security
US Africa command warns against withdrawing troops from the continent | Africanews
As the United States under President Donald Trump reassesses its military engagement in various parts of the world, the head of the US Africa Command, has laid out the case for maintaining troops on the continent. General Michael E Langley says USAFRICOM engagement in Africa is crucial for countering threats to the US, while at the same time strengthening partnerships and promoting stability. “Africa remains a nexus theatre from which the United States cannot shift its gaze.
UN concerned after Niger quits force fighting armed Islamist groups | Africanews
The United Nations Special Representative of the Secretary-General has expressed concern over Niger’s decision to withdraw from the Multinational Joint Task Force (MNTJF) fighting armed Islamist groups in West Africa. Leonardo Santos Simão, who is also head of the United Nations Office for West Africa and the Sahel (UNOWAS), on Thursday told the Security Council that it was crucial to the region that the military coalition continues its operations. He said stakeholders at the Lake.
NSA Asks Nigerians To Stop Giving Money To Bandits, Kidnappers • Channels Television
Amid the security challenges facing the nation, the National Security Adviser, Nuhu Ribadu, has asked Nigerians to stop giving money to kidnappers and bandits. He stated this on Tuesday while receiving 60 kidnapped victimss recently rescued from captivity in Zangon Kataf, Southern Kaduna, following sustained military operations. The victims were received at the National Counter-Terrorism Centre in Abuja, the nation’s capital.
The North East Development Commission in collaboration with Conflict Security and Development Consult Limited has commenced the training of 600 security volunteers to complement the effort of security agencies in combating criminal activities in three most affected States in northeast. Lead Consultant of CSD Consult, Sadeeq Shehu, Group Captain (rtd), disclosed this on Tuesday during a three-day training.
Police arrest protesters marching against free speech attacks in Abuja, others
Policemen on Monday clamped down on protesters in different parts of the country, arresting four activists in Yobe, two in Abuja, and teargassing others in Rivers State. PREMIUM TIMES gathered that one male protester identified as ‘Flag Boy,’ and another female protester simply identified as Bose, were arrested by the police around Transcorp Hilton Hotel in Abuja on Monday. “Four of our comrades have also been arrested by the police in Yobe,” Juwon Sanyaolu, the National Coordinator of ‘Take It Back’ movement.
Demographics not poor governance explain Africa’s slow development | ISS Africa Until dependency ratios shift, Africa’s large youthful population will remain the continent’s biggest barrier to growth. Africa’s disappointing economic performance since independence in the 1960s is often blamed on corruption, poor governance and lack of competition. But structurally, the main reason is demographics.
Killings: IGP Deploys Counter-Terrorism Squad To Plateau – Daily Trust
The Inspector General of Police (IGP) Kayode Egbetokun had deployed a counter-terrorism squad in Plateau State over the worsening security situation. The move follows a series of attacks and killings that have plagued affected communities in the state The attacks which began in March 28, 2025, has led to several deaths leading to outrage across the country.
Sahel alliance recalls ambassadors from Algeria over Malian drone downing | Africanews
Alliance of Sahel States countries, Mali, Burkina Faso, and Niger, said on Sunday they have recalled their respective ambassadors from Algeria. The three countries in the military alliance, known by its French acronym AES, accused Algeria of downing a Malian armed forces surveillance drone about a week ago. Amid escalating tensions between Bamako and Algiers, the group described the downing as an “irresponsible act” that violated international law. Mali says the wreckage was located almost 10 kilometres south of their shared border, while Algeria says the armed drone had violated its airspace by over two kilometres.
Israel’s ambassador is ejected from an African Union event | Africanews
Israel’s ambassador to Ethiopia was ejected from an African Union event this week and has described it as outrageous. An Israeli official on Wednesday told The Associated Press the ejection from the annual event commemorating the 1994 Rwanda genocide was at the request of AU Commission Chairperson Mahmoud Youssouf. The official spoke on condition of anonymity because they were not authorized to speak to a journalist.
Don’t polticise insecurity, Borno Senator tackles Minister – Daily Trust
Senator Kaka Shehu Lawan (APC Borno Central) has asked the Information and National Orientation, Mohammed Idris, to face his job of projecting a good image of Nigeria, but not to politicise insecurity. On Tuesday, Governor Babagana Zulum had during an Expanded Security Council Meeting drawn the attention of the federal government to happenings in the state, saying Borno “seems to be losing ground to Boko Haram insurgents”.
Customs deploys AI scanners, 5,000 officers to tackle Illicit trade – Daily Trust
The Nigeria Customs Service (NCS) has commenced the deployment of artificial intelligence-powered scanners and forensic tools at key border points to combat illicit trade and smuggling activities, Comptroller General Bashir Adewale Adeniyi announced on Wednesday.
Niger Coup Leader’s Terrorism Claims Stoke Anti-West Sentiment in Northern Nigeria – HumAngle When General Abdourahamane Tchiani, Niger’s coup leader, sat before the camera on Dec. 25, 2024, his words did not dissolve into a routine presidential holiday message. Instead, they spread like wildfire from Niamey, the capital of Niger Republic, to Kano in northwestern Nigeria, igniting heated discussions in the tea joints of northern Nigeria.
Boko Haram/ISWAP Resurgence in Lake Chad Region Sparks Alarm – HumAngle
The resurgence of Boko Haram and Islamic State West African Province (ISWAP) activities in Borno State, northeastern Nigeria, and parts of the Lake Chad region has raised concerns about the fragility of the grounds gained in the fight against insurgency in the area. The incidents have been.
Nearly two years into the administration of President Bola Ahmed Tinubu, Nigeria remains without appointed ambassadors. This delay has sparked widespread concerns about the country’s diplomatic presence abroad. While the presidency attributes the delay to the time-consuming nature of such appointments, citing that the previous administration took 20 months.
Mother of slain 16-year-old Kaduna student demands justice – Daily Trust
The mother of Ahmed Musa (16), a student of the Government Technical College in Kaduna who was brutally killed, has cried out for justice, saying her son must not die in vain. The bereaved mother stormed the Magistrates’ Court of Kabala Doki Kaduna in the company of other family members and sympathisers and threatened to mobilise women in a mass protest to seek justice.
Insecurity, violent deaths reduced by 90% in Nigeria, says NSA Ribadu — Daily Nigerian
National Security adviser, Nuhu Ribadu, has said that Nigeria has recorded over 90 percent improvement in terms insecurity under President Bola Tinubu administration. Mr Ribadu stated this in Jos, Plateau State while briefing the press shortly after a meeting with the Commander of Operation Safe Haven, Major General Folusho Oyinlola at his office, following a gunmen attack on Bokkos community that left hundreds of residents killed.
Humanitarian
At least 14 million children worldwide risk malnutrition, warns UNICEF | Africanews
An estimated 14 million children are projected to experience interruptions in nutrition support and services due to recent and anticipated global funding reductions, significantly increasing their risk of severe malnutrition and mortality, as highlighted in preliminary analyses released by UNICEF during the Nutrition for Growth Summit in Paris.
Nigerian health authorities are struggling to contain a rapidly spreading meningitis outbreak that has so far killed 151 people across the West African nation, mostly in remote parts of the northern region with children affected the most. While cases first recorded in October have spread to 23 of Nigeria’s 36 states, nearly half of the deaths, 74, were reported this year, the Nigeria Center for Disease Control said this week, with local partners describing the recent rise in fatalities as “alarming.”
Hardship: Any Country Depending on Palliative has No Future- EYN – Daily Trust
The President of the Church of the Brethren (EYN), Yola, Rev. Daniel Y.C. Mbaya, has said nations relying heavily on palliatives are doomed to fail. Speaking at the 78th General Church Council (GCC) Majalisa 2025, themed “Living Church in a Decaying World,” in Mararaba Mubi, Adamawa State, Rev. Mbaya emphasized the need for the government to engage economic experts to proffer solutions to the nation’s problems.
The presidency and other stakeholders have called for comprehensive response to the needs of women and girls in Internally Displaced Persons ( IDP) camps. They made the call yesterday in Abuja during the national Internally Displaced Persons ( IDP) conference organised by Stand With A Girl (SWAG) Initiative in collaboration with the United Nations Population Fund (UNFPA), and
FCT enrols 198,810 for health insurance in 1 year – Daily Trust
A total of 198,810 residents of the Federal Capital Territory (FCT) were enrolled in the Federal Capital Territory Health Insurance Scheme (FHIS) in the last one year, including 10,065 pregnant women who were registered free. FCT Minister, Nyesom Wike’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, said in a statement that since the inception of the Wike-led Federal Capital Territory,
Dangote Feeds 50,000 Families In Kebbi, Gombe – Daily Trust
In continuation of its 2025 Annual National Food Intervention Programme, the Aliko Dangote Foundation (ADF) has distributed 50,000 bags of rice to poor and vulnerable families in Kebbi and Gombe States. Flagging off the distribution of the intervention in Aliero Local Government Area of Kebbi State on Thursday, the Kebbi State Commissioner for Special Duties, Alhaji Zayyanu Aliero, said the gesture was in line with the core values of the Foundation’s founder, Alhaji Aliko Dangote.
Is the loss of aid an opportunity for Africa? | ISS Africa
Is the loss of aid an opportunity for Africa? US and EU aid cuts could prompt Africa to end its dependency, but the task for poor countries will be especially difficult. United States (US) President Donald Trump’s administration has wrought havoc across Africa and beyond by abruptly dismantling the multibillion-dollar US Agency for International Development (USAID). This has terminated countless development projects and put millions of recipients at risk.
Group advocates smart lending to empower women entrepreneurs in Nigeria
A global non-profit group, Women’s World Banking (WWB), is advocating smart lending practices to intensify efforts to narrow the gender gap in Nigeria’s financial inclusion. The group said this “transformative approach” streamlines credit processes by combining technology and education, making them more efficient and accessible for women entrepreneurs. WWB focuses on advancing women’s economic empowerment globally.
ECOWAS to reward outstanding regional journalists – Daily Trust
The Economic Community of West African States, ECOWAS, has disclosed that its Media Excellence Award will be held annually. Joel Ahofodji, ECOWAS Commission Head of Communications, disclosed this in Abuja on Wednesday. “Our ambition is to make this event an annual activity that ECOWAS launches to build loyalty among the African media, but also and above all to encourage journalists to take an interest in its major achievements and its.
A Displaced Widow’s Love For Her Chosen Son – HumAngle
Although Hadiza Aliyu did not know how she would save or change the life of a frail newborn abandoned in an uncompleted building, she knew she simply had to bring him home. It was as if his spirit had beckoned her, she said. And even before she saw him, even before summoning the strength to meet the woman handing him over, she felt an inexplicable sense of empathy for him.
Mobilization and economic development
Marketers, experts welcome naira-for-crude policy – Daily Trust
Experts and independent marketers on Wednesday welcomed the reinstatement of the naira-for-crude policy, saying it should be permanent as it would strengthen the naira and enhance energy security. The federal government, through the Ministry of Finance, said the naira-for-crude deal between the government and local refiners, including Dangote Refinery, remained in effect.
Nigeria has long been over-reliant on imported vehicles, with only brief periods of progress in local manufacturing, such as the Peugeot era. Recent statistics highlight the magnitude of this dependency: in 2024, Nigerians spent a staggering N1.26 trillion on passenger cars (Odunewu, 2025). While annual vehicle demand reaches approximately 720,000 units, local production accounts for merely 14,000 units—a.
Nigeria posts $6.83bn balance of payment surplus – Daily Trust
The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year. The BOP measures the country’s financial transactions with the rest of the world and how the country has fared in the previous year. It is also considered the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world.
How US-China trade war will impact Nigeria – Daily Trust
The trade war between China and the US is escalating with the latter slamming an unprecedented 125 per cent tariff on its Asian rival on Wednesday. US President Donald Trump’s latest salvo of tariffs came into effect on dozens of trading partners earlier Wednesday. In one of the most serious tests of China-US ties in recent decades, Trump ramped up the duties he had originally prepared for Chinese goods, finally raising them to 125 per cent after Beijing retaliated against its earlier tariff.
Nigeria is poised to take centre stage at the 8th edition of the Financing Investment and Trade in Africa (FITA2025) conference, scheduled for May 6–7, 2025, in Tunis, Tunisia. Organised by the Tunisia Africa Business Council (TABC), this year’s event coincides with the Council’s 10th anniversary, celebrating a decade of fostering economic integration across the continent.
AFDEIC 2025: Tech leaders to discuss $180 billion African digital economy
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is set to bring together government officials, policymakers, business leaders, tech innovators, academics, and development partners to discuss Africa’s digital economy and the role of artificial intelligence in fostering inclusive growth. The event themed: ‘AI and Africa’s Digital Economy: Leaving No One Behind’ is scheduled to hold in Abuja from 12 to 14 August.
AFRICA-FX-Nigeria and Ghana currencies seen stable on central bank support | Reuters
The Nigerian and Ghanaian currencies are expected to be broadly stable in the next week to Thursday thanks to central bank support, while the Ugandan and Zambian currencies could fall, traders said. Nigeria’s naira is seen holding steady as central bank dollar sales counteract pressure.
Mali state gold mining revenue jumps 52.5% in 2024 | Reuters
State revenue from gold mining companies in Mali jumped by 52.5% last year, helped by an increase in tax collection and dividend payments after a new mining code entered into force, a mines ministry document seen by Reuters on Wednesday showed. Mali is one of Africa’s biggest gold producers and is.
African Finance Corp reports record $1.1 billion annual revenue | Reuters
The African Finance Corporation’s (AFC) revenue rose 22.8% last year to $1.1 billion, it said on Wednesday, citing project finance and infrastructure deals across Africa. The AFC said the revenue performance was its strongest to date, adding that net income rose 22.3% to $400 million, up from $327 million a year ago.
After naira-for-crude resumption, Dangote slashes PMS price – Daily Trust
Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to N865 per litre. This is coming hours after the federal government announced that the naira-for-crude policy would continue. Dangote informed its customers of the price reduction via a notice on Thursday. The new price is a reduction of N15 from N880 per lire sold by the refinery on Wednesday.On Wednesday, the Technical Sub-Committee
Nigeria targets N150bn annual income from livestock – Yerwa Express News
The Nigerian Export Promotion Council, NEPC, says Nigeria can generate over N150bn annually through livestock exports if it complies with international livestock market standards. The Executive Director, NEPC, Nonye Ayeni said this at the on-going Value Chain Enhancement and Infrastructure Clinic for Effective Livestock Supply Chain and Innovative Market Orientation on Wednesday in Abuja.
How to Find the Right Alternative Investment for Your Risk Tolerance – Journal du Cameroun
Are you ready to step away from traditional investments and explore something new?” With the ever-growing array of alternative investment options available, finding the right fit for your risk tolerance is more crucial than ever. Navigating the landscape of alternative investments can be complex, but with the right guidance, understanding your options becomes clearer.
Afreximbank opens N195bn Africa trade centre in Abuja – Daily Trust
After 41 months of construction, African Export-Import Bank has commissioned the $120 million (N195 billion) Afreximbank Africa Trade Centre (AATC) Abuja yesterday to serve as a platform for fostering deeper regional and continental integration. The AATC Abuja will also house Afreximbank’s permanent regional office, bringing a three-decade-old aspiration to fruition.
Nigeria: Tinubu’s effort to resturcture the ailing oil sector | Africanews
In Nigeria, President Bola Tinubu is working to revamp the struggling oil sector as national production hits a record low and crude prices plummet following the announcement of new tariffs by Donald Trump. Just a week ago, the Nigerian leader dismissed several top executives from the national oil company, NNPC, and on Wednesday, the federal government declared that local refineries would be allowed to continue purchasing crude oil in the local currency.
SPECIAL REPORT: Europe’s anti-deforestation regulation threatens Nigeria’s cocoa export
Six years after graduating from the university in his Cross River home state, John Etta abandoned his search for a white-collar job. Following his uncle’s advice, he ventured into agribusiness in 2021, focusing on cocoa, the key ingredient in chocolate, with bush mangoes, plantain, yam, and cocoyam on the side. His uncle, a university teacher, had introduced him to the wealth of opportunities in cocoa farming, particularly in their.
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