UN General Assembly Approves $3.59bn 2024 Budget

The General Assembly has approved a US$3.59 billion budget for the United Nations for 2024. The budget includes creation of a dedicated account to fund the organization’s peace-building fund. This was revealed in a statement issued by the Office of the President of the General Assembly on Sunday, the News Agency of Nigeria. According to […]

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British American Tobacco To Pay $110M Over Infringement in Nigeria

The British American Tobacco Nigeria Limited (BATN) and affiliated companies will pay a $110 million penalty over multiple infractions, the Federal Competition and Consumer Protection Commission (FCCPC) said on Wednesday. According to a statement, the affiliated companies that contravened the laws include British American Tobacco Marketing (Nigeria) Limited (BATMN), British American Tobacco Plc, and British […]

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ECOWAS sanctions on Niger hurting Nigerians

Senator Ali Ndume, representing Southern Borno Senatorial District, has criticised the Economic Community of West African States (ECOWAS) sanctions imposed on Niger Republic following the July coup d’état. He argued that the sanctions negatively impact the people of eight Nigerian states bordering Niger, as well as over 120,000 Borno State’s refugees fleeing Boko Haram attacks. […]

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Africa’s Richest Woman, Alakija Acquires Six Oil Blocks In Sierra Leone

Africa’s Richest Woman, Alakija Acquires Six Oil Blocks In Sierra LeoneNigerian billionaire and Africa’s richest woman, Folorunso Alakija, has been awarded exploration rights in six offshore oil blocks, following the issuance of a Petroleum Licencing Agreement by the Government of Sierra Leone. Julius F. Sandy, Secretary to the Sierra Leonean President, Julius Bio, disclosed in […]

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ECOWAS Court Orders Immediate Release Of Niger’s President, Bazoum

NIGER’s deposed president Mohamed Bazoum must be freed immediately from detention, where he has been held since a July 26 coup, the court of the West African bloc, ECOWAS, ordered on Friday. The court called for his “immediate and unconditional release” and ordered that Bazoum be reinstated, according to the judge in the case heard […]

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Coup: ECOWAS Suspends Niger Republic until….

The Commission of the Economic Community of West African States, ECOWAS/CEDEAO, has officially suspended the Republic of Niger by all sub-regional bodies, until constitutional order is restored in the country.

This is contained in a statement by the regional organization, following the decisions taken at the summit of heads of state and government held on Sunday in Abuja.

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22 German Firms to Invest in Nigeria

The Nigerian Investment Promotion Commission (NIPC) says it is partnering with investors from Germany to shore up the country’s investment drive as trade volume between the two countries hit over £3 billion Euros.

Executive Secretary of the Commission, Mrs Aisha Rimi stated this in Abuja at a private sector dialogue with over 22 companies from Germany and Europe who have shown interest to invest in Nigeria, Daily Trust reports.

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