In Cote d’Ivoire, conflicts are arising due to the recent implementation of a constitutional reform which grants exclusivity of land ownership to nationals. This was said by Zéhouri Paul-Arnaud Bertin, notary and expert of land issues at World Bank, in an interview with information website L’Infodrome. “I understand the conflicts given that the new rule which states that non-ivorians...

Benin plans to mobilize FCFA150 billion via a public offering which is extends to the 31st March, 2017 and started yesterday. This was revealed by the government in an official statement. It states that the State will issue bonds at a unit price of CFA10,000. The bonds will mature over 10 years and have an interest rate of 6.5%. “Those interested can subscribe to the bonds via management and...

All broadcasting stations in Nigeria are to pay all outstanding licence fees by March 15, 2017, or face strict sanctions. The Director-General of the National Broadcasting Commission (NBC), Is’haq Modibo Kawu (photo) issued the warning at the broadcast stakeholders’ meeting in Abuja. He urged the operators to pay the sum owed, knowingly about N5billion ($15.9million). The official added...

Algeria plans to issue a halal bond between April and May 2017, minister of finances, Hadji Babaami announced on February 27. “We are studying a project to issue a new bond this year, interest-free however,” the official said on the sidelines of a council of the upper house of the Algerian parliament). According to him, maturity period for the bond goes over 3 years and its securities will...

The Nigerian Minister of State for Petroleum Resources, Emmanuel Kachikwu, has revealed that the Federal Government is targeting 3million bopd within the next five years. Speaking at the ongoing 2017 Nigerian oil and gas conference in Abuja, the minister said in order to achieve this the oil industry would need to invest $10billion annually on infrastructure for the next five years. “The...

The National Bureau of Statistics (NBS) has revealed that Nigeria’s economy slumped 1.5% in 2016, its first yearly contraction in a quarter of a century. “This contraction reflects a difficult year for Nigeria, which included weaker inflation-induced consumption demand, an increase in pipeline vandalism, significantly reduced foreign reserves and a concomitantly weaker currency,” the...

The Federal Government of Nigeria has approved a N750billion ($2.4 billion) agricultural intervention fund to drive the sector towards food sufficiency as well as diversify the economy. This was disclosed by the Deputy Governor of Plateau State, Sonni Tyoden. According to the official, the fund should help boost agriculture by increasing the percentage of exploited arable land in the country...

As part of the vows to increase liquidity in the Forex market, the Central Bank of Nigeria (CBN) has injected an additional $180 million to the market to ease business transactions in the country. “In keeping with its determination to increase liquidity in the foreign exchange market, the CBN has released another $100 million into the wholesale forwards segment of the market and...

The Federal Government has inaugurated its Presidential Fertilizer Initiative, with the production of over 4,000 metric tonnes of locally-blended fertilizer in the initial week of operation. This was revealed in a statement by Laolu Akande, spokesperson to Acting president, Yemi Osinbajo. Akande said the initiative aims to boost local production of Nitrogen, Phosphorous and Potassium (NPK)...

The Federal Government of Nigeria has approved the development of a $20 billion gas industrial park in Niger Delta. The infrastructure will be established via a public-private partnership. This was revealed yesterday by Laolu Akande, the spokesperson of Acting President, Yemi Osinbajo (photo), while meeting with foreign investors and developers who presented the plan for the...