NewsReports

ECOWAS hopes the presidential election in Senegal will be the breaking point from a troubled past in West Africa. When the head of the ECOWAS mission to Senegal, Ambassador Ibrahim Gambari, visited President Macky Sall in his residence the day after the nation’s voters cast their ballots for the youngest President-elect in the country’s history, Bassirou Diomaye Faye, he met …

The 650,000 barrels per day Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas Oil (AGO) diesel per marketer as it is set to commence sales of the product today, The Nation learnt. Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Alhaji Abubakar Maigandi, disclosed this to The Nation on Tuesday. He said: “The least volume a marketer …

The 44-year-old opposition candidate, Bassirou Diomaye Faye, has been sworn in as the fifth Senegalese president. Faye took over from immediate past president Macky Sall on Tuesday, April 2, 2024, in an event witnessed by African leaders in the new town of Diamniadio, near the capital Dakar. Nigeria’s President and the Chairman of the Economic Community of West African States …

The former presidential candidate for the Labour Party, Peter Obi has described the Nigerian government  borrowings as unproductive. Obi stated this in a statement via his verified X handle on Tuesday. According to him, Nigeria’s public debt keeps increasing with little or no impact on the country’s economy. The former Anambra governor said the last administration incurred huge debt especially …

The Florida Supreme Court on Monday paved the way for the state’s six-week abortion ban to take effect, while allowing Floridians to decide in the fall whether to enshrine abortion protections in the state’s constitution. By upholding Florida’s current 15-week ban on abortion, the state Supreme Court triggered a six-week abortion ban approved by Florida lawmakers last year. The law …

The Biden administration is close to approving the sale of as many as 50 American-made F-15 fighter jets to Israel, in a deal expected to be worth more than $18 billion. The transaction, which would amount to the largest US foreign military sale to Israel since the country went to war with Hamas on October 7, comes as the administration …

DAMASCUS, Syria (AP) — An Israeli airstrike that demolished Iran’s consulate in Syria on Monday killed two Iranian generals and five officers, according to Iranian officials. The strike appeared to signify an escalation of Israel’s targeting of military officials from Iran, which supports militant groups fighting Israel in Gaza, and along its border with Lebanon, the Associated Press reports. Since …

Edo State Government has said it is leveraging technology to boost investment inflow into the State, facilitate ease of doing business, and promote business growth through the land administration reforms by the Governor Godwin Obaseki-led administration. Speaking to journalists in Benin City, Managing Director of the Edo Geographic Information Service (EdoGIS), Osaro Grace Aihie, noted that the ease and convenience …

April Fools’ Day, observed annually on April 1st, has long served as a playground for mischief-makers, jokesters, and pranksters all over the world. It’s a day when everyone gets to be a little silly and have fun. People all over the world play tricks on each other, making up funny stories or doing silly things just to make others laugh …

As bankers begin from tomorrow to strategise on how to meet the new capital structure prescribed by the Central Bank of Nigeria, CBN, on the eve of the Easter holiday, feelers from stakeholders in the nation’s financial sector point to huge discomfort with certain provisions of the new policy. Financial Vanguard findings show that the policy effectively excluded banks’ retained …