The United States of America has committed a new grant of $9.5 million to support the Africa Development Bank’s (AfDB’s) Technologies for African Agricultural Transformation (TAAT) initiative (TAAT). According to a statement from AfDB, the grant is a part of the larger US Government’s “Feed the Future” global hunger initiative that would be used for […]
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The International Monetary Fund (IMF) in its January edition of World Economic Outlook (WEO) slightly lowered its growth projections for the country for 2024 to three percent, from the 3.1 percent earlier projected in its WEO released last October. The IMF growth projection was lower than the 3.76 percent projection in Nigeria’s 2024 budget. The […]
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Nigeria’s former Minister for Foreign Affairs, Prof Bolaji Akinyemi, says Russia is backing Burkina Faso, Niger Republic, and Mali’s sudden withdrawal from ECOWAS. He said Russia is seeking to weaken ‘western influence’ in Africa adding that he sees ‘the hand of Russia’ in what he described as a crisis that had befallen ECOWAS. The former […]
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A British-Nigerian MP for Edmonton has sparked outrage and suspended after calling in her weekly newsletter that Gaza should be added to the list of ‘recent genocides’. The Israeli war on Gaza has claimed over 26,000 Palestinians since October 7, 2023. Kate Osamor was suspended after accusing Israel of genocide on the eve of Holocaust […]
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The Governor of Borno State Professor Babagana Zulum on Sunday flagged off the execution of eight projects to be handled by the Qatar Charity Foundation, in Maiduguri. The News Agency of Nigeria (NAN) reports that the projects include an orphanage, a school, clinic, staff quarters, sports ground, a charity office, a Juma’at mosque and […]
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Many African leaders are in Italy’s capital, Rome, for the Italy-Africa summit, which is expected to boost relations between Africa and the European nations. The summit, which started on Sunday, is also aimed at boosting investment in African countries as a strategy to curb irregular migration from the continent. During the two-day summit, Italy is […]
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The Belt and Road initiative is a strategy initiated by China that seeks to connect Asia with Africa and Europe via land and maritime networks, with the aim of improving regional integration, increasing trade and stimulating economic growth. Nigeria and China have expressed the desire to expand trade and economic cooperation, as Nigeria […]
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“Companies, such as Bharti Airtel, Tata, Stallion Motors, Churchgate, and Indorama. I have even noticed that Nigerian-based Indian companies are some of the biggest ambassadors for doing business in our market, this is a testament to the conducive business environment that Nigeria provides for Indian companies to thrive.” The Nigerian government has stated that […]
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‘American Corners’ serve as regional resource centres for information and programs highlighting American culture, history, current events, and government. The United States has established an ‘American Corner’ in the Lekki area of Nigeria’s commercial nerve centre, Lagos. ‘American Corners’ serve as regional resource centres for information and programs highlighting American culture, history, current events, […]
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“Efforts to increase in-country oil refining capacity would likely reduce domestic fuel costs in 2024 and beyond. Energy subsidy reforms in Nigeria, Angola, and Gambia, as well as tax hikes in Kenya, Ghana, and South Africa, aim to provide the government with some relief from tight fiscal spaces.” The World Bank has projected that […]
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