African heads of state have pledged to coordinate efforts to improve security on the continent and defeat jihadist organizations, particularly in the Sahel and Nigeria, during talks Monday at the 31st African Union summit being held in Mauritania’s capital. French President Emmanuel Macron arrived in Nouakchott to discuss the battle against Islamic extremism and ways […]
Month: July 2018
Ecobank plans dollar bond after investor meetings
Ecobank has mandated international lenders to arrange investor meetings in Britain and the United States, after which it plans to issue a five-year dollar-denominated bond, the African bank said on Monday. Ecobank, which has operation in 36 African countries, has hired Deutsche Bank, Standard Bank and Standard Chartered to arrange meetings from June 18, it […]
Bitcoin price drop live: Cryptocurrency latest updates as value bounces back above $6,000
Bitcoin fell to its lowest price of 2018 in June, having experienced its worst start to a year since the cryptocurrency was founded, however it is showing signs of recovery. The value of bitcoin rose more than twenty-fold in 2017, generating huge amounts of interest in cryptocurrencies like ethereum and bitcoin cash. After peaking at […]
Iran urges OPEC members to refrain from unilateral actions
Iran has asked fellow OPEC members to “refrain from any unilateral measures”, warning that would undermine the unity of OPEC, following reports that Saudi Arabia has raised its oil production to a record high this month. As Tehran seeks ways to counter U.S. sanctions that would restrict its exports and eat into its market share, […]
AMCON to take over N5.4trn assets, says no more negotiations
The Assets Management Company of Nigeria (AMCON) has said that there would be no more room for negotiation with debtors as the company was now set for a new stage which is complete assets take-over. Managing Director and Chief Executive Officer of AMCON, Mr. Ahmed Kuru disclosed in an interview with the News Agency of […]
Outlining each African team’s biggest World Cup error
All of Africa’s teams were eliminated from the World Cup at the first hurdle, but that simple statistic doesn’t tell the whole story of five very different campaigns. Perhaps the continent’s sides didn’t enjoy the fortune they needed to make up for any gulf in quality during the opening rounds, while maybe a combination of […]
Effective Intermodal Connectivity Vital To Port Efficiency- NIMASA DG
By Foster Obi The Director General of the Nigerian Maritime Administration and Safety Agency NIMASA, Dr. Dakuku Peterside has stressed the importance of effective intermodal connectivity to port efficiency stating that good Port- city linkage systems would facilitate seamless transport and create immeasurable positive effect on the economy. Dr. Dakuku who made this known while […]