TO promote trade and foster economic growth in Africa, the International Finance Corporation (IFC) announced Friday trade finance facilities totalling $140 million with seven Ecobank Transnational Incorporated (ETI) subsidiaries. These subsidiaries operate in Burkina Faso, Cameroon, Côte d’Ivoire, Ghana, Malawi, Mali, and Togo. The IFC’s $140 million trade finance guarantee …
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FRENCH energy giant TotalEnergies has finalised its first supply agreement with Nigeria’s Dangote Refinery, CEO Patrick Pouyanne announced on Friday following a meeting with Africa’s richest man, Aliko Dangote. ‘We met this morning, we made the first deal between both of us,’ Pouyanne revealed during a panel at the Africa …
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GHANA’S parliament reconvened on Friday after being adjourned since March due to a dispute between the speaker and the president over an anti-LGBT bill. The session saw the approval of ministerial appointees and a $150 million loan agreement with the World Bank. Majority Leader Alexander Afenyo-Markin stated that the urgent …
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SENEGAL’S Prime Minister Ousmane Sonko raised the possibility of closing French military bases in the West African country during a comprehensive speech on Thursday. His address also covered topics such as the euro-backed CFA franc currency, oil and gas deals, and LGBTQ rights. Sonko, a firebrand politician, gained power when …
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GHANA’S President Nana Akufo-Addo has urged his visiting Senegalese counterpart Bassirou Diomaye Faye to leverage his goodwill within the Economic Community of West African States (ECOWAS) to help resolve disputes with Niger, Burkina Faso, and Mali. President Faye arrived in Accra on Friday following his meeting with Nigeria’s President Bola …
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THE Economic and Financial Crimes Commission, EFCC, on Friday, May 17, 2024, handed over the sum of $22,000 recovered from a convicted internet fraudster, Hakeem Ayotunde Olanrewaju, to the Federal Bureau of Investigations, FBI, in Lagos. Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos had, on …
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THE Ooni of Ife, Oba Adeyeye Enitan Ogunwusi (Ojaja II) has commended the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede on his efforts to rid the nation of economic and financial crimes and other acts of corruption. He gave the commendation in Ile-Ife, Osun …
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ELON Musk’s online platform X has removed another remnant from its Twitter past nearly 10 months after the tech mogul changed the social media service’s name. The controversial multi-billionaire has removed twitter.com from profiles on the site, From now on, users who type in twitter.com will be directed to “x.com,” …
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THE Federal Airports Authority of Nigeria, (FAAN) on Friday began the sale of 2024 e-tags that would permit entry into the 24 Federal Airports in Nigeria. In a statement made available to the News Agency of Nigeria (NAN) in Abuja, FAAN said that the sale of the tags aligned with …
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THE Nigeria Police Force has dismissed one of its personnel from service and demoted three others to their previous ranks over alleged involvement in various acts of indiscipline and crime. The Force Public Relations Officer, ACP Olumuyiwa Adejobi, said this in a statement on Friday in Abuja. Adejobi said that …
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