Month February 2025

NAHCON Approves 4 Banks to Implement Hajj Savings Scheme

  THE National Hajj Commission of Nigeria (NAHCON) has approved four banks to support and implement the Hajj Savings Scheme. Abdulbasit Abba, an official in the Information and Publications Division of NAHCON, announced the development in a statement in Abuja…

Africa’s Luxury Market Booms As global Demand Slows

AS global luxury spending contracts, Africa is emerging as a key market, attracting top brands and outpacing international peers in growth. While the global luxury consumer base has shrunk by 50 million people over the past two years, Africa is…

Vitol, Glencore win $380m in Nigerian LNG lawsuit

VITOL and Glencore are set to receive $380 million in compensation after winning a legal dispute over non-delivery of LNG cargoes against Nigeria’s sole liquefied natural gas (LNG) producer, according to court documents seen by Reuters. The case, which was heard…

Kenya, Nigeria, Ethiopia Leaders to Mediate DRC Conflict

THE Southern African Development Community (SADC) and the East African Community (EAC) have appointed former leaders from Kenya, Nigeria, and Ethiopia to help facilitate peace talks in eastern Democratic Republic of Congo (DRC). The decision follows an extraordinary summit held…

UK Suspends Aid to Rwanda Over DRC Conflict Role

THE United Kingdom has paused some bilateral aid to Rwanda and introduced diplomatic sanctions, citing Kigali’s alleged involvement in the conflict in eastern Democratic Republic of Congo (DRC). The British government announced the measures on Tuesday, stating they would remain in place…