THE Economic and Financial Crimes Commission (EFCC) on Wednesday grilled the managing director of Assets Management Company of Nigeria, (AMCON), Mr. Ahmed Kuru. Kuru was quizzed in connection to alleged diversion of assets. A top official at the anti-graft agency…
GLOBAL tourism experienced a 4 percent increase in 2021, compared to 2020. However, the United Nations World Trade Organisation (UNWTO) says in a report released on Tuesday that international tourist arrivals (overnight visitors) were still 72 percent below the pre-pandemic…
THE federal government has said it will soon begin consultation with the relevant agencies on the proposed removal of subsidy on petrol. The minister of information and culture Alhaji Lai Mohammed dropped the hint yesterday in Abuja after the Federal…
GROUPS representing the descendants of South Africa’s earliest inhabitants, the Khoi and San, went to court on Wednesday to try to halt construction of Amazon’s new 70,000-square metre Africa headquarters on land they regard as sacred. The culturally-intertwined San and…
KENYA will soon commence exporting avocado to China amid growing bilateral trade between the two countries, an executive said on Tuesday. Okisegere Ojepat, the chief executive officer of the Fresh Produce Consortium of Kenya (FPC Kenya) said at a briefing…
A FEDERAL High Court, Abuja, on Wednesday, awarded a N10 million fine against the Independent Corrupt Practices and Other Offences Related Commission (ICPC) over malicious prosecution of a public servant, Emmanuel Ibe. Justice Inyang Ekwo, in a judgment, held that…
AFRICA Finance Corporation, Africa’s leading infrastructure solutions provider, has raised $400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure. The three-year facility – the first from AFC since 2018 – was increased…
SENATE President Ahmed Lawan has assured Nigerians that subsidy on Petroleum Motor Spirit, PMS, will not be removed for now as being reported by some social and conventional media. Mr Lawan stated this when he fielded questions from State House…
FINANCE ministers from Tanzania and Burundi have signed an agreement for the construction of a $900 million railway aimed at boosting trade between the East African neighbours. The deal was inked in the western Tanzanian town of Kigoma on Sunday.…
BRITAIN is partnering with Kenya to build a new rail hub in the capital Nairobi, and its development arm CDC Group will invest $1bn in various sectors over the next five years, officials said on Tuesday. Britain, the former colonial…
