Aliko Dangote, Africa’s richest man, has made a bid for a majority stake in automaker Peugeot Automobile Nigeria (PAN) Limited, NewStage report. Nasir El-Rufai, the Governor of Nigeria’s Kaduna state, told journalists on Thursday that Dangote is a key member of a consortium that has applied to acquire the majority stake in the company which […]
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TWO people from the same family have died from Ebola in Guinea, the government said Thursday, as the WHO declared a flare-up of the virus in neighbouring Sierra Leone over. Test samples from the two patients “revealed the presence of the Ebola haemorrhagic fever virus”, the government said in a statement, while officials feared further suspected […]
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THE Nigeria President, Muhammadu Buhari on Monday night received in Malabo Equatorial Guinea’s highest national honour, the Grand Collar of the Order of the Independence. He has dedicated it to the people of Nigeria, who, he said, have worked tirelessly for peace in the country and Africa. Buhari in a statement by the Special Adviser on […]
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When South Africa’s President Jacob Zuma visited Nigeria last week he was on a delicate mission to mend rifts between the continent’s two economic powerhouses. From economic rivalry to political friction, relations between South Africa and Nigeria have been strained in recent years. The election of Nigeria’s President Muhammadu Buhari into office last May did not […]
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NIGERIA and the other West African countries crude oil are being threaten by United States’ crudes, Light Louisiana Sweet and MEH, which represents WTI Midland crude at the Magellan East Houston Terminal. LLS and MEH were assessed at parity Monday, for the first time in almost a month, as MEH displaces comparable West Africa crudes in Europe, […]
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U.S. Africa Command has asked Washington to send a small group of military advisers to Nigeria to assist its military’s fight against the Islamic insurgency Boko Haram, it said in a statement Friday. At the request of the Nigerian government, the U.S. Africa Command’s Brig. Gen. Donald Bolduc sent staff in recent months to conduct […]
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South Africa’s finance minister walks a tightrope on Wednesday as he presents a budget watched closely by ratings agencies that are on the verge of downgrading the country’s debt to junk status, AFP report. The International Monetary Fund and the World Bank predict South Africa’s growth this year will slide to less than one percent […]
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At least 53 people died in Ghana when a bus hit a truck head-on some 420 km (260 miles) north of the capital Accra overnight, witnesses and police said on Thursday, in the country’s deadliest road crash in years. The Metro Mass Transit coach was heading to the northern town of Tamale from the second-largest […]
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Oil firms have put major projects in West Africa on hold because of low prices – as they have across the globe – but when the market finally picks up, development is likely to recover much more slowly in the region than elsewhere. High costs bedevil the region, which includes established producers such as Nigeria […]
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ZIMBABWE’S vice president says the drought-stricken country needs to raise $1.5 billion for food aid. Vice President Emmerson Mnangagwa said Wednesday that over 70 percent of crops in the southern part of the country were wiped out by drought conditions brought on by the El Nino weather phenomenon affecting southern Africa. Mnangagwa told international diplomats […]
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U.S President Barack Obama is proposing about $200 million in new military spending to confront Islamist militants in north and west Africa, U.S. defense officials said ahead of Tuesday’s budget rollouts for the next fiscal year, according to Reuters. U.S. officials declined to specify to which nations the funding would be directed. The disclosure comes […]
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Wearied by the spate of incessant attacks by Boko Haram militants against the country, the government of Cameroon is reported to have approved the use of witchcraft in fighting the war against terror. In a sequence of tweets by Cameroonian journalist, Bisong Etahoben, Chiefs of Cameroon’s East Region had during a meeting asked President Paul […]
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