The United States Mission in Nigeria has congratulated Governor Godwin Obaseki over his reelection for the second tenure, thanking all the stakeholders for entrenching democracy in Nigeria. The Mission, through its verified Facebook page, on Wednesday said “congratulations to the people of Edo State on a credible and peaceful governorship …

The United Nations has commended the Federal Government’s efforts at improving humanitarian support in the North-East region of the country, saying the Buhari Administration “has taken important steps to improve access to people in need.” A statement in Abuja on Tuesday by Mr Femi Adesina, the Special Adviser to the …

Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude, adding to worries about demand that led to a steep selloff earlier in the week. Brent crude was trading down 30 cents or 0.7 per cent at $41.42 a barrel by 0347 GMT, after …

President Cyril Ramaphosa of South Africa on Tuesday solicited a comprehensive stimulus package for Africa to enable its recovery from the COVID-19 pandemic. Ramaphosa made the appeal in his pre-recorded video statement to the virtual General Debate of the United Nations General Assembly in New York. Speaking in his capacity …

There is an urgent need for financing to reenergize Africa’s trade in the wake of the COVID-19 pandemic, according to the latest trade finance report released jointly by the African Development Bank and the African Export-Import Bank. According to the report, only 40% of Africa’s trade is bank-intermediated – a far …

The US economy has picked up from its depressed second-quarter level and many economic indicators show marked improvement but it still has a long way to go before fully recovering from the coronavirus pandemic, Fed Chair Powell said. Powell made the assertion while giving testimony before the House Financial Services …

President Nana Addo Dankwa Akufo-Addo, Chair of ECOWAS Monday tasked the President, Commissioners and Staff of the Commission to work to build a united, economically prosperous, politically stable, and secured Community that meets the aspirations of the citizens of the Community. “As we round off the implementation of ECOWAS Vision …

The Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL) and the Chartered Institute of Stockbrokers (CIS) expressed commitment to expanding retail investment opportunities in the capital market. The trio made the commitment at a webinar organised by the NSE in collaboration with the NISL in Lagos. It was also …

Mali’s former defence minister Ba N’Daou has been announced as president of a new transition government, the leader of the Sahel state’s ruling military junta said on national television Monday.  According to a roadmap backed by the junta, the new president is meant to lead the country for several months …

The European Investment Bank (EIB) has approved $14.9 billion in financing for post-covid-19 economic recovery and climate action worldwide. “The new EIB financing approved today shows how we are working with thousands of local partners to make a long-term difference in people’s lives during these challenging times,” said EIB President Werner Hoyer. …