First Independent Mena Newspaper
Nigeria’s underperforming refineries are not able to meet the rising demand on gasoline in the most populous African countries where queues are becoming longer in gas stations. The shortage sent prices skyrocketing which further erodes the purchasing power of most of the population as the prices of transport surge. The long waiting hours are causing […]
Africa’s most populous nation is eying a $2 billion World Bank loan to help address pressing challenges and back up hard currency reserves, the government said. The country qualifies for the financing and has the support of other regional banks such as the African Development Bank, Nigerian finance minister Wale Edun said on the sidelines […]
The United States has agreed to withdraw its about 1,000 troops from Niger, where it built and operated a major drone base in the desert city of Agadez, in a move that effectively marks a new regional gain for Russia. Washington has accepted the call to pull out its troops from Nigeria and is committed […]
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 […]
China’s 45th naval fleet has in recent weeks visited Tanzania, Mozambique and Madagascar in what experts say is Beijing’s show of force designed to help cement the Asian powerhouse’s diplomatic ties in Africa. After the People’s Liberation Army’s (PLA) Navy stopped many of its African port visits during the Covid-19 pandemic, it has now begun […]
Africa has seen a rise in its number of billionaires and its millionaire population is set to rise by 65% over the next 10 years, but at the same time, about 18,700 high-net-worth individuals have left the continent between 2013 and 2023, the 2024 Africa Wealth Report reveals. Published by Henley & Partners, an international […]
The European Union has recently launched 17 new regional programs, most notably including ‘The Team Europe Initiative on Opportunity-Driven Skills and Vocational Education and Training’ and the ‘Africa-Europe Youth Academy’, aiming to boost youth mobility and skills in Africa. The 17 new regional programs under the flagship of Youth Mobility for Africa were launched by […]
Nigeria’s oil production shrunk to 1.23 million barrels per day in March with authorities blaming pipeline problems and maintenance issues. OPEC said Nigeria produced 1.32 million barrels in February and 1.42 million in January. Oil theft and pipeline vandalism have dealt severe blows on Nigeria’s oil production, limiting the country’s output and making it fall […]
Voices are rising at the FIFA, urging the Confederation of African Football to take action against the Algerian authorities for using procrastination tactics to prevent the deployment of Video Assistant Referee (VAR) at a CAF quarter finals game played lately in Algiers between “USM Alger” and “Rivers United” of Nigeria. The African football governing body […]
Momentum is building up between African and Caribbean nations to set up a tribunal that will look into the atrocities suffered by ancestors who have been enslaved by western powers. The creation of such a tribunal, modeled on Nuremburg trials, is also backed by the US, Reuters reported. Formally recommended in June by the UN […]