Category: West Africa
-
Nigeria: No More Chartered Flights for Central Bank Staff – Emefiele
The Governor of Central Bank of Nigeria (CBN) Mr Godwin Emefiele has barred staff of the apex bank from using chartered flights due to the economic situation in the country. The information was contained in a statement issued yesterday and signed by the acting Director, Corporate Communications, Mr Isaac Okorafor. He noted that since last…
-
Nigeria considers selling Chinese Panda bonds
Nigeria is considering selling Chinese Panda bonds to help finance the 2016 budget, its finance minister said on Saturday. The OPEC member is also looking to sell Eurobonds, apart from loans from multilateral agencies, Kemi Adeosun told Reuters and the Financial Times in an interview in Lagos. “Initially we were looking simply at the Eurobond…
-
AU to introduce African passport in July 2016
Africa will have its own passport from July 2016. The move is to enable easy movement of Africans within the continent. [contextly_sidebar id=”0HFLJOa4osNIlMp3x30wXocBLSrybZFI”]The move will see all African countries granting a 30-day visa on arrival to all African passport holders. Earlier Ghana’s Foreign Affairs Ministry clarified that the visa-on-arrival policy for African citizens will not…
-
Nigeria: Fares Rise By 200 Percent As Fuel Scarcity Persists
Amid efforts by the Nigerian National Petroleum Corporation (NNPC) and independent marketers to ensure the supply of Premium Motor Spirit (PMS) in the country, fares have increased by over 200 per cent in major cities in the country. There are signs too, of restiveness in some parts of the country just as Lagos Governor Akinwunmi…
-
Nigeria: Africa’s Richest Man, Dangote, His Brother, Dantata, Linked to Shell Companies in Tax Havens
With a staggering $15.4 billion wealth, Nigeria’s businessman and industrialist, Aliko Dangote, is on Forbes Rich List as the richest man in Africa. But does Mr. Dangote pay his fair share of tax in Nigeria or is he hiding assets abroad? That remains unclear. Yet that question has become even more relevant across the globe…
-
Nigeria: Fuel Queues End From Today – Kachikwu
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has reassured that the lingering fuel scarcity will end in Abuja and Lagos today. The minister, who was speaking in Abuja yesterday at a town hall meeting when he visited the Petroleum Products Pricing Regulatory Agency (PPPRA), also stated that Kano, Katsina, Sokoto, Port Harcourt and…
-
Barclays’ shareholders to vote on African sell down
On Tuesday, Barclays, which plans to sell down its 62.3 per cent stake in Barclays Africa issued a circular to this effect. In its circular to shareholders the bank says it is considering both strategic and capital market options for the sell down. The bank said it is seeking shareholder approval for its plans at a general…
-
Nigeria targets elusive small traders in new tax drive
Sewing hair extensions to the plaits on a middle-aged woman’s head, Nigerian hairdresser Bridget Okoidegun is not sure how much tax she pays — something the government plans to change. The owner of a small salon in Lagos could soon find herself on the hitlist of officials who have started cracking down on the small…
-
Nigeria’s oil company offers to discuss revenue retention claims – NRGI
Nigeria’s state oil company has offered to talk to an international watchdog that says it failed to hand over billions of dollars in oil revenues despite government promises to tackle mismanagement and corruption. President Muhammadu Buhari last year fired senior staff at the Nigerian National Petroleum Corporation (NNPC) and approved a revamp of its structure…
-
Nigeria: State to Launch N59.7 Billion Youth-in-Agriculture Scheme
The Director-General, International Institute of Tropical Agriculture, IITA, Nteranya Sanginga, on Sunday said the Federal Government would launch N59.7 billion Youth-In-Agriculture Scheme in September. Mr. Sanginga, who disclosed this in an interview with the News Agency of Nigeria in Ibadan, said the scheme would be sponsored by the federal government and the African Development Bank,…