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Press Review

Press review from 8-15 Novermber, 2024

15 November 2024
Reading time: 24 minutes
Regional News

Coalition to ECOWAS: Suspend activities in Burkina Faso, Mali, Niger – Daily Trust

The Coalition of Pro-democracy Activists in West Africa has called on the Economic Community of West African States (ECOWAS) to suspend all its activities in Burkina Faso, Mali and Niger over their refusal to return to the regional bloc.

The coalition made the call in a statement by Bishir Katsina, the coordinator of the group, made available to Daily Trust on Thursday.

FG receives 148 Nigerians repatriated from Niger Republic – Daily Trust

The National Emergency Management Agency (NEMA) announced in a statement on Thursday that the returnees arrived on Tuesday, received by NEMA’s Lagos Territorial Office (LTO) and supported by the International Organisation for Migration (IOM).

Nigerian military warns of new militia threat from Niger and Mali | Reuters

Nigeria’s military has warned of a new insurgent group, Lakurawas, infiltrating the country’s northwest region from neighbouring Niger and Mali, its spokesperson said on Thursday. Defense spokesperson Major-General Edward Buba said the group, an affiliate of militias operating in the Sahel region, has been active in northwest Sokoto and Kebbi states. The ideology of the group is not known.

Cameroonian journalist Nsoyuka Guy-Bruno Maimo detained, beaten for covering protest – Committee to Protect Journalists

The Committee to Protect Journalists calls on Cameroonian authorities to investigate and hold accountable those responsible for detaining and violently abusing Nsoyuka Guy-Bruno Maimo, a reporter with the privately owned Volcanic Times newspaper, while he covered a demonstration on October 24.

FG distributes 11m vaccine doses to combat livestock diseases – Daily Trust

The federal government has distributed 3.9 million doses of the Peste des Petits Ruminants (PPR) vaccine and 7.7 million doses of the Newcastle Disease (ND) vaccine to rural communities in Plateau, Bauchi, and Kano states over the last five years.

The effort was part of the Livestock Disease Surveillance Knowledge Integration (LIDISKI) project, funded by the European Union and launched in 2019.

Super Eagles qualify for 2025 AFCON – Daily Trust

Three-time African champions, the Super Eagles of Nigeria have qualified for the 2025 Africa Cup of Nations (AFCON) in Morocco with a match to spare after they rallied back to draw 1-1 with the Cheetahs of Benin Republic on Thursday in Abidjan. The Super Eagles needed to avoid defeat against Benin Republic in Abidjan on Thursday to secure a place at the continental championships next year so the hard-fought draw sufficed as it handed them an unassailable 11 points as group leaders.

Burkina Faso aims to reinstate death penalty, government source says

The latest execution in Burkina Faso was in 1988, according to rights group Amnesty International. It concerned four leaders accused of an attempted coup d’état to depose president Blaise Compaoré – defence minister Jean-Baptiste Boukary Lingani, minister of economic promotion Henri Zongo, and two unidentified men. Reintroducing capital punishment to the penal code “is being considered. It’s up to the government to discuss it, then make the proposal to the Transitional Legislative Assembly (ALT) for adoption,” the source said, adding that the date had not been chosen.

EFCC arraigns Chinese over bribery, N301m fraud – Daily Trust

The Economic and Financial Crimes Commission (EFCC) on Thursday brought a Chinese, Zhengjia Jin, before an Ikeja Special Offences Court, for alleged bribery and N301 million fraud. Jin, was arraigned on a four-count charge bordering on retention of stolen property, bribery and stealing.

Niger embraces Russia for uranium production leaving France out in the cold

Niger has called on Russian firms to directly invest in uranium and other natural resource production, following the collapse of relations with former colonial ruler France and the eviction of French nuclear giant Orano from the country Niger’s recent diplomatic shift away from France towards Russia has marked a turning point in the nation’s resource management strategy, particularly concerning its abundant uranium reserves.

Africa is battling plastic pollution and waste crisis, activists say

Africa continues to grapple with plastic pollution, a waste crisis, and limited investment, activists report, as discussions unfold at the UN climate meetings in Azerbaijan. To shed light on these overlapping challenges, RFI interviewed campaigners and negotiators from across the continent.

1,172 Nigerians Killed, Over 1,000 Kidnapped In Nine Months – Human Rights Commission – NEWS POINT NIGERIA

The National Human Rights Commission (NHRC) says a total of 1,463 people were killed by non-state actors while 1,172 Nigerians were kidnapped between January to September 2024. According to the data from the commission sighted by News Point Nigeria, the month of May recorded the highest number of persons killed with 298 while March recorded the highest number of abductions with 499

Nigeria’s Power Grid: A Child’s Plaything in an Economic Crisis? – PRNigeria News T

hree days after relocating to Canada, a friend messaged me with a recently all-too-familiar question, “Is the national grid back up?” This simple question covers the profound frustration of Nigerians who have grown accustomed to erratic electricity supply. Insufficient power supply has been an underlying affliction in Nigeria but for the past two years, the country’s national grid has suffered numerous collapses, bringing the nation to its knees in what feels like a never-ending cycle of power outages.

Africa grapples with forecasting challenge as weather disasters loom | Reuters

The deputy director of Chad’s National Meteorological Agency waggled his finger up and down to demonstrate how a motionless humidity gauge at the agency’s headquarters should have been working. The broken hygrothermograph was among the dustblown outdoor equipment in the capital N’Djamena that is meant to help the agency known as ANAM to track weather patterns.

Many Nigerians concerned road safety bill could threaten rights

Many Nigerian activists have objected to a bill that would establish the Federal Road Safety Corps armed unit, arguing that the legislation could lead to intimidation, extortion and brutality. VOA’s Timothy Obiezu has more from Lagos, Nigeria’s commercial capital.

Chadian military loses two generals, others in fight against Boko Haram – Yerwa Express News

The Chadian Defense and Security Forces have confirmed significant losses in a recent clash with Boko Haram militants in the Lake Chad region. The confrontation, which resulted in the neutralization of over 96 terrorists, also claimed the lives of several high-ranking military officers. In a post, the Chadian military formation said among the fallen heroes are two generals, a lieutenant colonel, and a colonel.

New EOD training school opens in Maiduguri – Yerwa Express News

The Nigeria Police Force has opened a new Explosive Ordnance Disposal (EOD) training school in the heart of Borno State. The school, a first of its kind in the region, is expected to bolster Nigeria’s security and protect citizens. The school’s establishment comes as a response to the increasing threat of explosive devices and other forms of terrorism that have plagued the nation for years.

Russia says African, ex-Soviet countries interested in its mpox vaccine | Reuters

Several African and ex-Soviet countries have expressed interest in buying Russia’s vaccine against smallpox and mpox viruses, as well as testing systems and antiviral treatments, Russia’s consumer and health watchdog told Reuters. The vaccine, called Orthopoxvac, was developed by the Vektor laboratory in Siberia and registered by Russia’s health ministry in 2022 following clinical trials, which, according to Vektor, showed that the vaccine is safe and effective.

No Explosion at Jos Main Market, Police Dismiss Rumors – HumAngle

Residents of Jos-Bukuru, a bustling metropolis in Plateau State, North-central Nigeria, were gripped by panic on Tuesday morning as news circulated on social media alleging a bomb explosion at Jos Main Market, widely known as Terminus Market. “I was getting ready to go to my lectures this morning when I heard there was a bomb at Terminus,” a resident and student of the University of Jos told HumAngle. “I decided to stay back.”

Chadian military buries fallen heroes, honors commander – Yerwa Express News

The Chadian Defense and Security Forces have laid to rest its officers and men who were recently killed in a clash with Boko Haram terrorists in the Lake Chad region. The burial ceremony, which took place at Military Camp in Farcha, was presided by Lamai Halina, Chadian Prime Minister.

Mali: Director of Australian gold company arrested | Africanews

Authorities in Mali have arrested the chief executive and two other employees of Australian gold mining company Resolute Mining while they were visiting the country to discuss an unspecified dispute, the company said Monday. The three people, including managing director Terence Holohan , were arrested last Friday in Bamako, the capital of Mali .

Researchers document huge drop in African elephants in a half century | Reuters

African elephants are Earth’s largest land animals, remarkable mammals that are very intelligent and highly social. They also are in peril. Fresh evidence of this comes in a study that documents alarming population declines at numerous sites across the continent over about a half century.

No village under bandits’ control in Kebbi – Deputy Gov. – Yerwa Express News

The Kebbi Government has refuted an online media report that bandits have taken control of some villages adjudicating in Sharia Courts and self-appointed traditional rulers in the state. The state Deputy Gov. Sen. Umar Abubakar-Tafida, debunked the report at a news briefing in his office in Birnin Kebbi on Tuesday.

https://www.africanews.com/2024/11/13/chads-electoral-body-disqualifies-senior-ruling-party-official/

Chad’s electoral body has made public a provisional list of candidates for the upcoming combined legislative and local polls, disqualifying at at least six ruling party officials. This includes the Patriotic Salvation Movement’s (MPS) secretary general, Mahamat Zen Bada.

Panelists call for climate momentum on Africa to be maintained | Africanews

Panelists at this year’s Africa Climate Summit called to maintain and amplify momentum from last year’s event, at which leaders called for initiatives to advance green development on the continent in a document called the Nairobi Declaration. Among other goals at this year’s event, they said they want to strengthen multilateral cooperation, make adaptation a priority and champion financial architecture reforms.

Borno holds summit to reform Almajiri education – Yerwa Express News

Prof. Babagana Zulum, Governor of Borno State has initiated a summit aimed at transforming the Almajiri education system, a traditional Islamic learning method prevalent in northern Nigeria. The summit, held at the Musa Usman Secretariat, brought together key stakeholders, including education experts, religious leaders, and community advocates, to discuss innovative approaches to integrate the Almajiri system with formal education.

Africa’s mixed hopes for Trump’s second term | Africanews

African leaders may have been quick to congratulate Donald Trump on his election, professing a desire for mutually beneficial partnerships, but there are meager expectations that his presidency will change things for this continent of over 1.4 billion people. In the wake of Trump’s win, Kenya’s William Ruto said his country “stands ready” to deepen its ties with Washington. Nigeria’s Bola Tinubu spoke of a second Trump administration ushering in an era of “earnest, beneficial, and reciprocal” cooperation.

CAF boosts prize money for 2024 Women’s Champions League by over 50% | Africanews

The Confederation of African Football (CAF) has announced a substantial increase in the prize pool for the 2024 Women’s Champions League, with the winner now set to receive $600,000—a 52% boost from previous years. The tournament, which begins on November 9 in Morocco, promises financial support for every participating club, as each team is guaranteed at least $150,000, CAF confirmed in a statement on Thursday.

Trump’s re-election stirs up both hopes and doubts in Africa

African leaders have been quick to congratulate Donald Trump on his re-election, expressing optimism for stronger partnerships with the United States. Yet, analysts suggest that Trump’s next four years are unlikely to bring significant change to the US-Africa relationship, with many expecting the return of a “transactional” approach to diplomacy.

New report shows sub-Saharan Africa receives the least diabetes treatment | Africanews

A new study has found that over 800 million adults suffer from the condition worldwide and more than half of those aged over 30 who have it are not receiving any treatment. In African countries they are among those most affected, as each year, 17 million people die from a non communicqlble disase like diabetes before turning 70. The report shows that in sub-Saharan Africa, only about 5 to 10% of adults with the disease receives any treatment.

Theater festival offers solace in Burkina Faso | Africanews

The last three years have been tough for Fanta Charlotte Dabone, a mother of three from the conflict-battered West African country of Burkina Faso. She fled her village after it was attacked by extremists, leaving her husband and her farm behind. Since then, she has been moving from place to place, struggling to pay rent and to buy enough food for her children, including a 2-year-old toddler. But last month, she got to be a queen.

Want status in Nigeria? An informal iPhone market offers dreams and despair | Technology News | Al Jazeera

Kola Alawada shelters from the rain beneath the shade of a phone accessories kiosk in Computer Village in Lagos, his old Android phone with a cracked screen clutched in his hand. The sprawling, chaotic marketplace in southwestern Nigeria is Africa’s largest technology hub, where streets lined with shopping plazas and informal stalls sell and repair a plethora of devices across a range of price points.

Human rights complaints surge by 27% amid economic hardship – NHRC

Human rights violations have seen a sharp increase amid the country’s worsening economic situation, the National Human Rights Commission (NHRC) reported on Thursday. The commission recorded 427,606 human rights complaints in October, marking a 27 per cent rise in petitions compared to the previous month. This marks the third consecutive month that the NHRC has reported a significant rise in human rights complaints.

EU launches scheme on out-of-school children in northern Nigerian states

The European Union (EU) has launched an educational intervention programme targeting out-of-school children in Kano, Jigawa and Sokoto states. The programme, to be implemented by Save the Children, Plan International and DAG, is aimed at emancipating the poorest, underserved anaqd most marginalised population groups. At the flagging off of the programme on Wednesday in Jigawa, the Consortium Team Lead, Tobi Ransomed, said the intervention targets women, girls, youth and nomads for quality, inclusive gender and conflict-sensitive education.

Peace and Security

Who are the Lakurawa insurgent group threatening Nigeria? | Reuters

Nigeria’s military has said a new Islamist insurgent group from Niger and Mali, known as Lakurawa, was operating in the northwest and officials and residents said it killed 15 people last Friday in its most high profile attack to date. Here is what we know about the group: The military said the previously unknown Lakurawa was linked to Islamic State and operated in the states of Kebbi and Sokoto.

Yobe supports agro-rangers, vigilantes with 15 motorcycles – Daily Trust

The Yobe state government has disbursed 15 motorcycles to the personnel of the Nigerian Security and Civil Defence Corps (NSCDC) and Civilian JTF (vigilantes) to protect lives and properties. The distribution was aimed at protecting the lives and properties of both parties (farmers/herders) against attacks.

We’ll chase out Lakurawa terrorists out of Nigeria – NSA Ribadu – Yerwa Express News

The National Security Adviser, NSA, Nuhu Ribadu, has said the administration of President Bola Tinubu will prove to the so-called new terrorist group ‘Lukarawa’ in the North-western part of the country that things have changed, and that the group will be flushed out of Nigeria. Mr Ribadu made the statement while representing President Tinubu at the opening ceremony of the 2024 Comptroller-General of Customs Conference, on Wednesday, in Abuja.

Vladimir Putin affirms “full support” for Africa | Africanews

At the Russia-Africa ministerial conference in Sochi on November 9-10, Vladimir Putin pledged “full support” to some 50 African countries, expressing Russia’s willingness to strengthen cooperation in various areas, from sustainable development to the fight against terrorism. Foreign Minister Sergei Lavrov highlighted the progress made between Russia and Africa despite challenges posed by the “collective West.”

Chad: At least 17 soldiers killed in Boko Haram attack | Africanews

Boko Haram insurgents killed 17 Chadian soldiers in a weekend attack on a military post that also left 96 attackers dead in the west of the country, the Chadian army said. The attack in the Lake Chad region took place on Saturday, army spokesman Gen. Issakh Acheikh said on state television Sunday night. He did not provide details.

Africa’s mixed hopes for Trump’s second term | Africanews

African leaders may have been quick to congratulate Donald Trump on his election, professing a desire for mutually beneficial partnerships, but there are meager expectations that his presidency will change things for this continent of over 1.4 billion people. In the wake of Trump’s win, Kenya’s William Ruto said his country “stands ready” to deepen its ties with Washington. Nigeria’s Bola Tinubu spoke of a second Trump administration ushering in an era of “earnest, beneficial, and reciprocal” cooperation.

Fifteen Chad soldiers killed in operation against Boko Haram, army says | Reuters

At least 15 Chadian soldiers were killed and 32 others wounded in clashes between the army and Boko Haram fighters on Saturday, the army’s spokesman said, adding that 96 Boko Haram members were also killed. General Issakh Acheikh on Sunday did not say where the operation took place or provide any details on the circumstances. He said on national television that the army also wounded 11 Boko Haram members, and seized arms and equipment.

We’ll chase Lakurawas out of our territories – NSA Ribadu vows – PRNigeria News

The National Security Adviser (NSA), Mallam Nuhu Ribadu, has said the administration of President Bola Tinubu will prove to the so-called new terrorist group ‘Lukarawa’ in the North-western part of the country that things have changed, and that the group will be flushed out of Nigeria. Ribadu made the statement while representing President Tinubu at the opening ceremony of the 2024 Comptroller-General of Customs Conference, on Wednesday, in Abuja.

DHQ: Military vows to Cripple Terrorists Recruitment Efforts – PRNigeria News

The Defence Headquarters (DHQ) has vowed to crush the Islamic State West Africa Province (ISWAP) terrorists and their allies’ recruitment efforts. This is as the troops have neutralized 88 and arrested 228terrorists in recent operations within the week. A statement by Major General Edward Buba, Director of Defence Media Operations, in Thursday said the troops are on an onslaught to crush terrorists in the northwest and other parts of the country.

Mali confirms full UN mission withdrawal by mid-November

The UN’s mission in Mali, forced to pull out of the crisis-wracked country last year, will be completely gone by mid-November, the ruling junta has said. The UN stabilisation mission (MINUSMA) had been in place since 2013 but ended on December 31 after Mali’s military leaders ordered it to leave amid deteriorating relations. It had previously maintained around 15,000 soldiers and police in the fragile and poor West African nation, which is in the grip of militant violence and other crises.

Counter-Terrorism: CCC Warns Against Glamorizing Lakurawa Insurgents – PRNigeria News

The Centre for Crisis Communication (CCC) has raised concerns about inadvertently promoting a newly emerged insurgent group recently identified in Northwestern Nigeria. The group, known as the Lakurawa criminal syndicate, has been active in Kebbi and Sokoto states, posing significant security risks. Major General Chris Olukolade (Rtd), the CCC Chairman who issued a public statement after the monthly meeting of the centre, urged stakeholders to focus on addressing the security threat posed by the Lakurawa group rather than inadvertently glorifying it through excessive media coverage.

Nigerian Navy Boosts Air Power with Three New Helicopters – PRNigeria News

The Nigerian Navy has taken delivery of three Agusta Westland AW109 Trekker Helicopters. The delivery is to upgrade to its air capabilities in the maritime domain. In a statement posted on its official  Facebook page said, the handover ceremony, held at Caverton Helicopters Limited in Ikeja, Lagos, was attended by top naval and defence officials. Vice Admiral Emmanuel Ikechukwu Ogalla, Chief of Naval Staff,  while taking the delivery thanked President Bola Ahmed Tinubu.

Humanitarian

IOM allocates $668,000 to scale up response in Nigeria – Daily Trust

The International Organisation for Migration (IOM) is releasing an additional $668,000 through the Rapid Response Fund (RRF) to support emergency humanitarian relief for flood-affected communities in Nigeria.  The new funding package will support localised humanitarian operations by IOM’s partners Relief Rescue Initiative (RRI), Safer World Foundation and Community Engagement and Social Development Initiative (CESDI) in Jigawa, Katsina and Bauchi States where tens of thousands of people are grappling with the impacts of the catastrophic floods.

Millions of Nigerians go hungry as floods compound hardship | Reuters

Unrelenting price rises and a brutal insurgency had already made it hard for Nigerians in northeastern Borno State to feed their families. When a dam collapsed in September, flooding the state capital and surrounding farmland, many people ran out of options. Now they queue for handouts in camps for those displaced by fighting between extremist Boko Haram rebels and the military. When those run out, they seek work on local farms where they risk being killed or raped by local bandits.

Chad hosts over 680,000 Sudanese refugees | Africanews

Over 680,000 Sudanese refugees have found safety in Chad, forced to flee the war raging back home. In the last month alone, 60,000 new refugees arrived; the UN High Commissioner for Refugees said this week. The vast majority of the new arrivals are women and children, many reach the border after walking for long distances before entering to neighbouring Chad. “We had nothing to eat at home, part of my house was also burnt down. Before we left, seven people were killed in front of our house.

Sudan keeps key aid crossing from Chad open to keep humanitarian aid flowing | Africanews

Sudan’s military-controlled government said Wednesday that a key border crossing with Chad will stay open to keep much-needed humanitarian aid flowing into the western Darfur region which has been a center of fighting in the country’s ongoing war. The decision on the Adre crossing followed a meeting with United Nations agencies and local and international aid groups, Sudan’s ruling Sovereign Council said in a statement.

With Trump election win, Africa braces for US aid cuts, uncertainty | US Election 2024 News | Al Jazeera

As the results of the United States presidential election came in on Wednesday, showing that former President Donald Trump had won, relief took hold more than 11,000 kilometres (7,000 miles) away, in Uganda’s capital Kampala. “The sanctions are gone,” the East African country’s parliamentary speaker, Anitah Among, told parliament, hinting at her expectation of improved ties with the US under Trump.

Chad repatriates 504 foreign beggars – Yerwa Express News

Borno State Government has earlier outlined plans to repatriate Nigerian citizens currently residing in Baga Sola, a part of Chad. Governor Babagana Umara Zulum outlined this plan while hosting a high-level delegation of Chad led by General Abdulkarim Idris Derby Itno. The governor also announced his steps to strengthen economic relations with the country.

Nigeria rights body finds ‘no evidence’ military conducted secret mass abortions | Reuters

Nigeria’s human rights commission said on Friday an investigation had found “no evidence” that the Nigerian military deliberately attacked women and children or carried out secret abortions in its fight against an Islamist insurgency in the northeast. The Nigeria Human Rights Commission, which is appointed by the government, had been investigating three Reuters reports published in December 2022 which found the Nigerian military ran a secret, systematic and illegal abortion programme and massacred children in the northeast, where the insurgency has been going on for 15 years.

ICRC Brings Mobile Clinics to Flood-Affected Communities in Maiduguri  – HumAngle

In the aftermath of the recent devastating floods in Maiduguri, Borno State’s capital in northeastern Nigeria, the International Committee of the Red Cross (ICRC) has rolled out a mobile clinic programme to address the health crisis facing the affected communities. The mobile clinic, deployed weeks after the flooding, began operations in three of Maiduguri’s most affected areas.

Mobilization and economic development

Nigerian govt secures $134m loan facility from AfDB – Yerwa Express News

The Federal Government has secured a loan facility of 134million dollars from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country. This is contained in a statement issued by Anthonia Eremah, Chief Information Officer, Ministry of Agriculture and Food Security on Thursday in Abuja. The Minister of Agriculture and Food Security, Abubakar Kyari, made his know at the unveiling of the 2024/2025 National Dry Season Farming in Calabar.

Nigeria signs $1.2 billion deal with Chinese state-owned company to revamp key gas plant | Africanews

Nigeria has inked a $1.2 billion deal with a Chinese firm to revitalize a gas processing facility, a move that officials say could propel the African country to a leading position in aluminium production. The deal between the Chinese state-owned CNCEC and the BFI Group, a major investor in the Aluminum Smelter Company of Nigeria, is expected to revive the 135 million standard cubic feet gas processing facility plant at the smelter. Nigeria’s minister of state for gas announced it Tuesday via a post on the social platform X.

Nigeria’s NNPC signs 10-year gas sale deal with Dangote Refinery | Reuters

Nigeria’s state oil firm, NNPC Ltd said on Wednesday one of its subsidiaries has agreed to supply 100 million standard cubic feet of gas per day to the Dangote oil refinery for the next 10 years. Financial details were not disclosed. Under the agreement, NNPC Gas Marketing Limited will supply the refinery built by Nigerian billionaire Aliko Dangote in Lagos with natural gas for power generation and feedstock. The contract has options for renewal and additional supply.

Nigeria lifts oil production to 1.8 mln barrels per day | Reuters

Nigeria’s state oil firm NNPC said on Thursday it had increased oil production to 1.8 million barrels per day (bpd), with the possibility of getting to two million bpd by year-end. Oil production at Africa’s top crude exporter was estimated at 1.3 million bpd in October, according to producer group OPEC’s latest report. Nigeria often counts condensate production of around 250,000 bpd as part of its production.

New era of sovereignty in Mali’s gold sector [Business Africa] | Africanews

In this edition of Business Africa, we explore the dynamic evolution of Mali’s mining sector, where the government is implementing bold reforms to strengthen its sovereignty over gold resources and rebalance relations with multinational companies. 1We also examine Tanzania’s national study to boost its share in the mining industry and promote local transformation. Finally, we look at the booming real estate market in Zimbabwe, where investors are increasingly turning to property as a safe haven to protect their wealth amid economic instability.

We’ll Support Nigeria’s Economic Reforms – Saudi Crown Prince Assures Tinubu – PRNigeria News

We’ll Support Nigeria’s Economic Reforms – Saudi Crown Prince Assures Tinub The Saudi Crown Prince and Prime Minister of Saudi Arabia, Prince Mohammed bin Salman bin Abdulaziz Al Saud, has assured Nigeria of support in its economic reform programmes. The assurance came when the Crown Prince and President Bola Ahmed Tinubu met on Monday in Riyadh on the sidelines of the joint Arab-Islamic Summit.

FG proposes N47.9trn budget for 2025 – Daily Trust

The Federal Executive Council (FEC) yesterday approved the Medium-Term Expenditure Framework for 2025-2027 with a proposed budget of N47.9 trillion for the year 2025.  This was disclosed by the Minister of Budget and Economic Planning, Atiku Bagudu, while briefing State House correspondents at the end of the FEC meeting presided over by President Bola Ahmed Tinubu.

UBA to raise N239.4bn through rights issue – Daily Trust

The United Bank for Africa (UBA) Plc will raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue, which opened on Friday, November 15, allows the existing shareholders to purchase additional shares in proportion to their current holdings and is being offered based on one new ordinary share for every five existing ordinary shares held by shareholders, as of November 05, 2024.

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