By DAVID IORJA, Abuja- President Bola Tinubu has called for a reevaluation of the current global governance structure and the financial and healthcare systems, urging greater equity and inclusion for low-income and emerging economies, particularly in Africa. At the 17th meeting of the Global South and the Emerging Economies...
Africa
By EZEKIEL OBi, Abuja- US President Donald Trump is set to host leaders from five African nations – Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal – at the White House on July 9 to discuss “commercial opportunities”. Notably, Nigeria is missing from the list of invited countries. This meeting reflects...
By JOY ADARA, Abuja- Confederation of African Football (CAF) has unveiled a new trophy for the TotalEnergies CAF Women’s Africa Cup of Nations (WAFCON), Morocco 2024. The trophy was launched at an event hosted by CAF and TotalEnergies in Casablanca, Morocco, and is a powerful symbol of the rise...
Football enthusiasts in Aba are confident that the Super Falcons will win their 10th title at the upcoming 2024 Women’s Africa Cup of Nations (WAFCON) in Morocco. The fans in an interview with News Agency of Nigeria (NAN) expressed their optimism after the team’s impressive performance in their pre-friendly...
By DAVID IORJA, Abuja- President Bola Tinubu has called on the Organisation of Eastern Caribbean States (OECS) to take advantage of Nigeria’s vast market and invest in the country. President Tinubu made the call on Monday while addressing a special joint session of the Senate and House of Assembly...
By OLA MODUPE, Lagos – The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors. Elombi, a Cameroonian national, succeeds Prof. Benedict Oramah, who will step down in September 2025. In his acceptance speech, Elombi...
By DAVID IORJA, Abuja- President Bola Tinubu has conferred the national honour of Grand Commander of the Order of the Niger (GCON) on Professor Benedict Oramah, President of the African Export-Import Bank (Afreximbank), in recognition of his outstanding contributions to Africa’s financial and trade landscape. The prestigious award was...
The African Development Bank (AfDB) has restated the urgent need for Nigeria to close its annual development financing gap of $31.5 billion. According to Dr. Abdul Kamara, AfDB’s Director-General for Nigeria, this is a crucial finding from the Bank’s 2025 Nigeria Country Focus Report. The report highlights the need...
Africa is hemorrhaging $7 billion annually due to medical tourism, with Nigeria alone accounting for $1.1 billion of this loss, according to the African Export-Import Bank (Afreximbank). Afreximbank’s Export Development Managing Director, Mrs. Oluranti Doherty, disclosed this during the 32nd Afreximbank Annual Meetings in Abuja. “This trend is hindering...
Africa recorded a growth rate of 3.2% in 2024, despite the challenging global environment, according to the Afreximbank Research Report. The Group Chief Economist, Dr. Yemi Kale, disclosed this while presenting the 2025 African Trade and Economic Outlook (ATEO) Report in Abuja. Although the growth rate is an achievement,...
By EZEKIEL OBI, Abuja- The Inspector-General of Police, IGP Olukayode Adeolu Egbetokun, has commended officers of the Nigeria Formed Police Unit (NFPU) for their outstanding performance, professionalism, and dedication while serving under the African Union Support and Stabilization Mission in Somalia (AUSSOM). The officers, deployed from 16th October 2023...
By EMMANUEL KUJE, Abuja- Africa Centres for Disease Control and Prevention (Africa CDC) has sounded the alarm over a dual public health crisis in Africa, as cholera and mpox cases surge across multiple countries. According to the Director-General of the Africa CDC, Dr. Jean Kaseya, the continent is facing...
By CALLISTUS OFFOR, Abuja- The Director General of the Nigeria Centre for Disease Control (NCDC), Dr. Jide Idris, has emphasized the urgent need for regional collaboration to combat public health threats across Western and Central Africa. Dr. Idris made the call while declaring open a pivotal Health Security Program...
Senegal made history by becoming the first African team to beat England in 22 games, winning 3-1 in a friendly match at the City Ground in Nottingham, UK. The victory stretched Senegal’s unbeaten streak to 24 games, thanks to goals from Ismaila Sarr, Habib Diarra, and Cheikh Sabaly. England...
Baillie Gifford’s dumping of Jumia shares, bad news for Africa investment ecosystem, By BOLA ODUNTAN
Baillie Gifford’s dumping of Jumia shares, bad news for Africa investment ecosystem, By BOLA ODUNTAN
The latest filing from May 5, 2025 by British long-term institutional investor, Baillie Gifford, in which it announced the final sales of its remaining shares at e-commerce giant, Jumia, at a huge loss, portends bad news for Africa. If anything, it sends a negative vibe to global investors and...
By JOY ADARA, Abuja- Director General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has vowed to transform Nigeria into Dubai of Africa through fidelity to the right training and knowledge, and best procurement practices. Adedokun announced his commitment to the transformation of Nigeria into Dubai of...
(Author of From My Heart: The Black Race—Myths, Realities, and Complexes) A soul once asked, “Where exactly did Jesus come from? Was He African? Why has the Black race been erased, vilified, and spiritually oppressed for so long?” These are not just theological musings. They are questions forged in...
UN Secretary-General António Guterres renewed his calls for Member states and the United Nations to work towards justice and reparations for Africans and the diaspora. Guterres, in a speech in New York on Friday expressed deep regrets over what he termed “colossal injustices” against Africa, including transatlantic slave trade...
Nigeria has reaffirmed its commitment to Africa’s economic development with a fresh 500 million dollars contribution to the Nigeria Trust Fund (NTF). Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, made the announcement at the official signing of agreement at the African Development Bank...
Sidi Ould Tah of Mauritania has been elected President of African Development Bank (AfDB). Tah was elected on Thursday at the bank’s annual meetings held in Abidjan, Côte d’Ivoire. The new president will replace Akinwumi Adesina, a Nigerian economist, who led the AfDB for 10 years following his election...