First Independent Mena Newspaper
Nigeria’s Securities and Exchange Commission (SEC) has raised the red flag following revelations of $2.1 billion in suspicious cryptocurrency transactions across West Africa in 2024, according to a study by the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA). SEC Director-General, Emomotimi Agama, speaking at the recent West Africa Compliance Summit in Cape […]
Africa has taken a major step toward financial self-determination with the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Announced during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, the card aims to keep value, data, and economic benefits within Africa by processing payments entirely on the continent. The PAPSSCARD is a joint initiative […]
The Economic Community of West African States (ECOWAS) has launched a 5,000-member counterterrorism force in response to the escalating security crisis in the Sahel and wider West Africa. Announced during the 43rd meeting of the ECOWAS Committee of Chiefs of Defence Staff in Abuja, this force is designed to confront the growing influence of jihadist […]
Nigeria and China have announced a joint effort to combat the rising involvement of Chinese nationals in financial crimes across Nigeria and also fighting fake news. This follows a recent visit by Chinese Ambassador Yu Dunhai to Nigeria’s Economic and Financial Crimes Commission (EFCC) and Ministry of Information and National Orientation in Abuja. In a […]
The recent withdrawal of Burkina Faso, Niger, and Mali from the Economic Community of West African States (ECOWAS) has placed significant pressure on Nigeria’s military, especially its Air Force. Air marshal Hassan Abubakar, Nigeria’s chief of air staff, highlighted at a recent meeting in Abuja that the departure of these countries from the regional security […]
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching the Eco currency by 2027, a key step in advancing regional economic integration and financial stability. The ambitious currency project, which aims to unify the economies of 15 West African countries, was discussed at the recent 11th ECOWAS Convergence Council meeting […]
West Africa’s regional bloc ECOWAS has thrown its weight and support behind Nigeria after Niger’s accusations that Abuja was plotting to destabilize its northern neighbor, notably by harboring members of the former Bazoum administration and collaborating with foreign powers. The Economic Community of West African States, (ECOWAS) has come to Nigeria’s defense as its diplomatic […]
Nigeria’s and South Africa’s senior government officials have urged African countries to boost collaboration, rather than compete with one another, and work together to improve air connectivity, which would in turn boost tourism and economic growth. Speaking during the recent African Tourism Ministers Dialogue in South Africa’s port city of Durban, the country’s Minister of […]
African leaders have called for more regional cooperation in fighting terrorism at a high-level summit in Abuja, with Nigeria’s president accusing the global community of being responsible for the disturbing rise in illegal mining, illicit funds flow and terrorism funding in the continent. The High-Level African Counter-Terrorism Conference, with the theme ‘Building to Address the […]
Morocco’s efforts in combating terrorism were under the spotlights during the High-Level African Counter-Terrorism Meeting held in Abuja this April 22 – 23, under the theme “Strengthening Regional Cooperation and Institutions to Address the Evolving Terrorist Threat in Africa.” Ismaël Chekkori, Director of Global Issues at the Ministry of Foreign Affairs, made a presentation on […]