The Federal Government of Nigeria plans to construct a $1billion ICT company to improve indigenous technology in the country, Acting President, Yemi Osinbajo (photo) revealed on Tuesday. Speaking at the 2017 Digital Africa Conference and Exhibition in Abuja, Osinbajo explained that such achievement will transform Nigeria from a dumping ground for ICT products and services. “The...

The Central Bank of Nigeria (CBN) has said that it will start selling dollars to manufacturers, airlines, fuel importers and agriculture businesses in the country at a special market intervention. This aims to clear outstanding backlog of foreign exchange obligations. The apex bank intends to settle the orders by combining spot and short-term forward deals. “Authorised dealers' accounts...

ASKY, the Pan African Airline with the largest network in West and Central Africa, has the pleasure to announce that it recognized as the BEST AIRLINE IN WEST AFRICA at the Balafon Award of Excellence (ACCRA WEIZO) held in Accra, Ghana on Saturday 27th May 2017 in Accra (Ghana). This award recognizes the airline’s remarkable performance and its growth plan. It is to be recalled that ASKY was...

In Nigeria, the Federal Government is currently seeking approval from legislators to borrow $1.5 billion from foreign lenders to finance projects in various states of the country, Acting President, Yemi Osinbajo (photo), revealed in a letter on Tuesday. According to the letter, Osinbajo demanded that external borrowings for infrastructure projects in some states of the nation be set aside...

The Nigerian National Petroleum Corporation (NNPC) and the Bayelsa State Government plan to construct a power plant in the State, in a bid to resolve the country’s power challenges. The planned power plant would be constructed at the state’s industrial park, according to the Group Managing Director of NNPC, Maikanti Baru (photo). He said the collaboration would establish an avenue to share...

Indonesia has said it is ready to help Nigeria develop its palm oil industry, according to Indonesian Foreign Affairs Minister, Retno Marsudi. She disclosed this during an official visit to her Nigerian counterpart, Geoffrey Onyeama, in Abuja on Monday. During the meeting, the Asian minister said the Indonesian government has invited Nigeria to join the Council of Palm Oil Producing Countries...

According to the National Tourism Office of Tunisia, the number of tourists’ arrivals in the country, between January and May 2017, soared 46.2% as compared to the year before over the same period. The figure thus stood at 1,527,891 over the period reviewed. The surge is mainly due to an increase of 60.2% to 1,148,037 of the number of Maghrebian tourists from January to May 2017, as compared...

Senegal now has an installed power-generation capacity of 1,000 MW, revealed Makhtar Cissé, director of SENELEC, the country’s power utility. This capacity was at 660 MW. “It is a real boost,” said the official while adding: “Service quality will improve five times. Work done is extremely important and it costs FCFA7 billion (about $12 million). It aims at installing 200...

In Morocco, the managing director of the national agency for land conservation, cadaster and cartography (ANCFCC), Karim Tajmouati, said during a board meeting that in 2016, “9% more land titles have been issued and a 25% increase in registered areas was recorded the same year, as compared to the year before”. This was reported in a statement released to this effect. The statement also...

The Federal Government of Nigeria is increasing its initial $500 million loan application from the Chinese government to $774 million to complete the East-West road in Niger Delta, according to the Minister of Niger Delta Affairs, Usani Uguru Usani (photo). “No administration, to the best of my knowledge, within a democratic setting, has been more committed than this present...