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Renault to start assembling, distributing two models in Nigeria

French automaker Renault announced Thursday it reached a deal with a Nigerian local partner for the production and distribution of its “Logan” and “Duster” models. Lagos-based Coscharis Group will provide its plant for the production and distribution of the Renault vehicles through its sales network in the West African country. “With a population of over […]

Ghana to host African Continental Free Trade Area Secretariat

The Assembly of Heads of State and Government of the African Union (AU) has selected Ghana as the host country for the Secretariat of the African Continental (AfCFTA) Free Trade Area. The announcement was made on Sunday, 7 July 2019, during the 12th AU Extraordinary Summit held in Niamey, the capital of Niger, after Ghana […]

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Nigeria: At least 45 people killed in fuel tanker blast

As many as 45 Nigerians lost their life in the explosion of a fuel tanker in the village of of Ahumbe in Benue state on Monday, after the trailer crashed. Benue state Federal Road Safety Commission Sector Commander Aliyu Baba told media that his forces recovered at least 45 corpses and that 101 sustained serious […]

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Nigeria: Triple suicide attack by Boko Haram kills 30

In Nigeria, at least 30 people were killed and dozens injured in a triple suicide attack attributed to Boko Haram in northeastern Borno state, local media reported on Monday. According to emergency services, three suicide bombers set off their explosive charges on Sunday evening in front of a football broadcasting center where dozens of people […]

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Nigeria donates $1m to cyclone-hit Mozambique, Malawi

The federal government of Nigeria has donated tons of medical supplies and half a million dollars to cyclone-stricken Mozambique and Malawi. Nigerian Foreign Affairs Minister Geoffrey Onyeama visited the two countries to hand over the assistance. In both countries, Onyeama stressed that the support was a show of brotherhood and solidarity at a critical time […]

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Microsoft launches $100m Development Centers in Africa

Tech giant Microsoft has launched a $100 million Africa Development Centre (ADC) with offices in Kenya and Nigeria. The program will support the recruitment of 100 full-time engineers by the end of the year, and 500 engineers by the end of 2023. The tech company is betting on African innovation in fields like fintech, agritech […]

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UNICEF welcomes release of nearly 900 children by north-east Nigeria armed group

UNICEF has welcomed the release Friday of 894 children, including 106 girls, from the ranks of an armed group called (the) Civilian Joint Task Force (CJTF) in Maiduguri, northeast Nigeria, and vowed to enroll them in reintegration programs to help them return to civilian life. “Today, 894 children, including 106 girls, were released from the […]

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Nigeria’s oil minister seeks new funding options in Saudi Arabia

Nigerian Oil Minister Emmanuel Kachikwu and the president of Saudi Aramco on Tuesday discussed investment options in the midstream and downstream sector, Nigeria’s petroleum ministry said Wednesday in a tweet. Aramco officials and Kachikwu who was visiting Saudi Arabia discussed areas of shared investment interests such as refining and petrochemicals production, according to Reuters. Kachikwu […]

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Nigeria: minimum wage to increase to $98

Nigerian President Muhammadu Buhari on Thursday signed into law a bill to increase minimum wage from 18,000 to 30,000 naira ($98) with immediate effect. According to Buhari’s senior aide and special assistant, Ita Enang, the implementation of the law takes effect as of April 18. The move comes after Unions went on strike last year […]

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Shell plans $15 billion investments in Nigeria’s oil and gas sector

Shell Petroleum Development Company (SPDC) will invest over $15 billion across 24 oil and gas projects in Nigeria in the next five years, the company Managing Director of the SPDC, Nosa Okunbor said. Speaking on the need for Nigeria to take advantage of the opportunities in the oil industry, Okunbor indicated that his company has […]

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