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Benin secures WB loan to ease power crisis

The World Bank has granted a loan of $ 60 million (34.6 billion CFA francs) to Benin to improve the energy performance in the west-African tiny nation. The loan was provided under a development aid fund put in place the international development association (IDA), an arm of the institution, which gives loans to the poorest […]

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Nigeria: ailing Buhari’s audio Hausa speech sparks controversy

Nigeria’s ailing President Muhammadu Buhari has addressed Nigerians for the first time since he left for Britain on medical leave on May 7. In an audio message to mark the Islamic Eid al-Fitr holiday, Buhari who is still in the UK, has called for peace and unity, in the Hausa language. “My greetings to all […]

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Benin’s president undergoes successful surgeries in France

Benin’s president Patrice Talon has returned home after almost one month of medical leave in France, local media reported. Patrice Talon, dubbed the “King of Cotton”, had left the capital Cotonou for France to seek medical attention. According to a statement released by the presidency on Monday, one procedure was required after doctors found a […]

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Nigeria: 20 whistleblowers to get over $1mln from gov’t

The Nigerian government will disburse about $1.2 million to reward whistleblowers for offering information leading to the recovery of over $36.8m in the West African nation. The Whistleblower Policy was launched in December 2016 by the administration of President Buhari to help recover looted state funds. “The payment underscores the commitment of the President Muhammadu […]

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Cameroon: Court rejects bail for Anglophone leaders in custody

Cameroon military court in Yaounde on Wednesday maintained that Lawyer Felix Nkongho, Professor Fontem Neba as well as radio host Mancho Bibixy, who have been the main leaders in the recent demonstrations in the Anglophone regions of Cameroon will remain in custody. The court’s presiding judge also rejected an appeal for the release of 24 […]

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Trump pledges $300 million to fight famine in Africa, Yemen

United States President Donald Trump on Wednesday, pledged to disburse more than $300 million to help prevent famine in Yemen and several countries in Africa. Trump who was meeting Pope Francis for the first time, said he had “renewed” the US “commitment to fighting global famine”, with the United Nations warning that about 20 million […]

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Nigeria: Police arrests about 55 Biafra separatists

Police in Nigeria has arrested about 55 members of the Biafra Independent Movement (BIM) as the group staged what it called the ‘new Biafra’ commemoration rally in Enugu, a major city in the west-African oil-rich nation. Over 2000 persons bearing Biafra flags flooded the capital city during the rally, which saw policemen at strategic locations. […]

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Wealth of 5 Nigerians can end poverty in Nigeria – Oxfam

The combined wealth of five richest Nigerians, put at $29.9 billion, is enough to end poverty in the West African nation, according to Inequality report released by Oxfam International on Thursday. The report titled ‘Inequality in Nigeria – Exploring the drivers,’ said despite the current economic recession in the African most populous nation, “a small […]

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Nigeria may have a 30-year old president soon – Parliament

Nigerian lawmakers are in the process to pass a new law that will reduce age limits for elective offices in the African most populous nation. The youngest age a person needs to run for elective office in Nigeria is 30 years at the level of a member of the House of Representatives or the State […]

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Nigeria to fund budget deficit with foreign loans, Eurobonds

Nigeria will raise $3.5 billion in foreign loans including from international lenders and debt markets to fund the West African nation’s 2017 budget deficit, Reuters reported. According to the Budget Office Director General Ben Akabueze,  $2 billion of the foreign borrowings would come from concessionary loans with the balance of $1.5 billion from commercial markets […]

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