Category: West Africa

Masakazu Hamachi, Parliamentary Vice-Minister for Foreign Affairs of Japan, has said more than 100 Japanese companies are expected to participate in TICAD VI. It is believed that their insights and technologies would be of great value to deepen the discussions on the priority areas of TICAD VI such as industrialization, health, and social stability. “The…

Shell Companies in Nigeria paid $43 billion into the Federation Account between 2011 and 2015, just as the companies spent a total of $195.5 million on social investments in the country in 2015, thus making Nigeria the largest concentration of social investment spending in the Shell Group. Briefing journalists at the weekend on the operational…

The Minister of Communications, Adebayo Shittu, has said that the $5.2billion fine slammed on telecommunication giant, MTN, was reduced to encourage foreign investments into the country. Mr. Shittu said this on Sunday in Ibadan at an award ceremony in honour of Lekan Balogun, the Otun Olubadan of Ibadanland. He said that the Federal Executive Council,…

Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has threatened to shut the nation’s oil sector over alleged anti-labour practices by employers, handing down a seven day ultimatum to government to call the affected employers to order. PENGASSAN in a statement weekend warned that it would not hesitate to direct members to withdraw…

The International Monetary Fund said on Thursday it welcomed the decision by Nigeria’s central bank to abandon its currency peg and adopt a flexible exchange rate policy, saying this was important to reduce fiscal and external imbalances. IMF spokesman Gerry Rice told a weekly news briefing the Fund wanted to see how effectively the naira…