Nigerian Senate leader cleared of corruption charges

U.N. worry over continuous tension in Nigeria, others

Global body in charge of security, United Nations Security Council, says it is worried over what it described as continued tensions linked to disputed electoral processes, social and economic difficulties, and conflicts between farmers and herders in the Lake Chad Basin. Nigeria, Cameroon and Chad are members of the Lake Chad Basin on which the […]

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IMF credit to Chad delayed over Glencore oil debt

Chad’s stalled talks with Glencore on restructuring more than $1 billion in debt due to the trading firm has delayed the release of IMF funds for the struggling central African country until at least early next year, sources familiar with the matter said. The International Monetary Fund has said Chad’s external commercial debt, most of […]

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UBA reiterates commitment to support Chad’s economy

The United Bank for Africa (UBA) has reiterated its commitment to support the government of Tchad in its development initiatives in the areas of infrastructure, Oil and Gas and other key sectors of the economy,. Speaking at a roundtable Forum organised in Paris recently by the government of the Republic of Tchad, on the financing […]

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France vows to step up fight against Islamists militants in Africa

France will step up the fight against resurgent Islamist militants in north and west Africa and will work more closely with Germany to help the tinderbox region, President Emmanuel Macron said on his first trip outside Europe on Friday. Visiting Mali days after taking office, Macron vowed to keep French troops in the Sahel region […]

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Nigeria’s economic decline affects neighbouring countries – IMF

Due to the intra-regional trade and remittance ties between Nigeria and neighbouring countries, the economies of the Chad and Niger had been significantly affected by the economic downturn in Nigeria, the International Monetary Fund has said. The IMF, in its latest staff report for the 2017 Article IV consultation on Nigeria, stated that in Chad, […]

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Boko Haram seeks grassroots support in the nation N’East

A Boko Haram faction led by the son of the group’s founder is trying to win over civilians by shunning the indiscriminate violence of its longtime figurehead that has alienated locals. Eyewitnesses to a spate of recent raids attributed to Islamist fighters loyal to Abu Musab Al-Barnawi in northeast Nigeria have said they repeatedly told […]

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(FILES) An Exxon sign is seen at a station in this September 20, 2008 file photo in Manassas, Virginia. US oil giant ExxonMobil on July 31, 2014 reported higher second-quarter profits despite pumping less oil and gas than it did a year ago. Exxon, the biggest US oil company and the second-largest US company in terms of market capitalization after Apple, said earnings came in at $8.8 billion, up 28 percent from the year-ago level. "ExxonMobil's financial results were achieved through strong operational performance and portfolio management," said chief executive Rex Tillerson. "We continue to enhance shareholder value by funding capital projects and delivering robust shareholder returns through dividends and share purchases." Results translated into earnings per share of $2.05, 19 cents above analyst forecasts.AFP PHOTO/Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images ** OUTS - ELSENT, FPG - OUTS * NM, PH, VA if sourced by CT, LA or MoD **

Chad dropped fine of five times it’s Country’s GDP on Exxon

Exxon Mobil Corp. was ordered to pay a record $74 billion fine in Chad for underpaying royalties in the central African nation where the company has been drilling for 15 years, according to a court document. The fine is about five times more than Chad’s gross domestic product, which the World Bank estimates at $13 […]

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Photo: Pres. Buhari departed for Chad

President @MBuhari this morning departed for N’Djamena, Chad, to attend the inauguration of President Idriss Deby President @MBuhari this morning departed for N'Djamena, Chad, to attend the inauguration of President Idriss Deby pic.twitter.com/Zoaezb8RVe — Presidency Nigeria (@NGRPresident) August 8, 2016

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Fuel Crisis: Petrol are diverted to Cameroon, Chad – Minister cried out

As the scarcity of Premium Motor Spirit continues to take a toll on motorists and other consumers in most parts of the country, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said the trucks conveying the product were being diverted to Cameroon and Chad. The Minister, who stated this in Lagos at […]

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Boko Haram Launch 3 Strikes On Lake Chad

N’DJAMENA/NIAMEY Suspected Boko Haram militants killed five people in an overnight raid in Niger in the third suspected attack by the group in less than 24 hours, security sources said on Wednesday. The Islamist militants are mostly based in northeastern Nigeria but have become a major threat to wider regional security by carrying out attacks […]

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