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Shoppers leave the Shoprite store in Daveyton, South Africa May 23, 2018. REUTERS-Siphiwe Sibeko

NIPC: Shoprite move an opportunity for Nigerian investors

The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said.
The plan could include a merger of the indebted state railway operator, ONCF, and the highway company ADM into a single entity, the minister, Mohamed Benchaaboun, told reporters.

Morocco to reform state bodies in virus response – ministry

Morocco plans to reform, merge or dissolve some state bodies to reduce their dependency on a state budget hit by the coronavirus pandemic, the finance minister said on Wednesday.
Dr Mohammed Abubakar, the Minister of Environment. said the new National Forest Policy (NFP), recently approved by Federal Executive Council (FEC), would assist the country in managing and sustaining its vast forest resources.

Minister: New national forest policy will preserve ecosystems

Dr Mohammed Abubakar, the Minister of Environment. said the new National Forest Policy (NFP), recently approved by Federal Executive Council (FEC), would assist the country in managing and sustaining its vast forest resources.

ICT contributes 14% to GDP in Q1 of 2020 – NITDA chief

Kashifu Inuwa, Director-General, National Information Technology Development Agency (NITDA), on Friday said Information and Communication Technology (ICT) contribution to Gross Domestic Product (GDP), was 14 per cent in first quarter of 2020.
Lagos State Governor, Mr Babajide Sanwo-Olu has appointed Dr. Emanuella Zamba as the new Acting General Manager for Lagos State Health Management Agency LASHMA.

Lagos governor approves N1 billion seed capital for hospitality business

Lagos State Governor Babajide Sanwo-Olu has approved N1billion seed capital for investment in tourism as a loan. Sanwo-Olu announced the approval on Wednesday, at the 6th Lagos Corporate Assembly, held at the Banquet Hall in the State House, Alausa, Ikeja.
Workers sort online orders before they are delivered to customers from a Checkers store, amid a nationwide coronavirus lockdown, in Johannesburg, South Africa, July 14, 2020. Picture taken July 14, 2020. REUTERS-Siphiwe Sibeko

South Africa’s retail sales plunge in April and May after hard lockdown

South Africa’s retail sales plunged by a record 50.4% in April and 12% in May, data showed on Wednesday in the latest evidence of the impact of the early, stricter phase of the country’s coronavirus lockdown.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

Fitch affirms Triple A rating of AfDB with stable outlook

Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’ with stable outlook.
Tunisia's prime minister designate Elyes Fakhfakh speaks at the Assembly of People's Representatives in Tunis, Tunisia February 26, 2020. REUTERS-Zoubeir Souissi-File Photo

Tunisia seeks late debt payments as crisis hits economy, state budget

Tunisia has asked four countries to delay debt repayments, it said on Monday as it announced more pessimistic economic and budget forecasts for 2020 because of the coronavirus pandemic.
Zainab Ahmed

Nigeria proposes N11.9 trillion total expenditure in 2021 budget

The federal government, on Friday, announced total projected expenditure of about N11.9 trillion for the 2021 fiscal year.
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

Nigeria hits 40.18 percent broadband penetration – minister

The Minister revealed this on Thursday, while inaugurating Broadband Implementation Steering Committee (BISC) to accelerate the attainment of 70 percent broadband penetration target by 2025 in Abuja. Pantami, who expressed satisfaction with the contribution of the sector to the nation’s GDP, described the contribution as unprecedented.

Nigerians urges government not to open sporting facilities

A section of sports enthusiasts have called on the government to extend the lockdown on sporting facilities across the country due to the rise in COVID-19 cases.

NITDA rolls out policies to retain 100,000 jobs, creates 30,000 jobs

National Information Technology Development Agency (NITDA) has put numerous efforts in creating an enabling environment for the purpose of cushioning the effect of the pandemic and creating more jobs, the director-general of NITDA, Mallam Kashifu Inuwa has said.
Illustration photo shows a two-rand coin above a South African flag April 12, 2017. REUTERS-Thomas White-Illustration

South African rand opens stronger after positive data

South Africa’s rand opened stronger on Friday and was on course for gains of roughly 2% against the dollar this week, after the first current account surplus in 17 years and an upbeat U.S. jobs report.
The House of Representatives has reiterated its resolve to probe into the allegation of mismanagement of over N40 billion by the interim management committee (IMC) of the Niger Delta development commission (NDDC).

House of Reps begin investigation of skills acquisition programme funds

The House of Representatives on Thursday resolved to set up an Ad-hoc Committee that will investigate the multi-billion naira provided annually for the skills acquisition programmes of the Federal Government across the country.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank approves $750 million for Nigeria’s power sector recovery

The World Bank has approved a 750 million dollar International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply.
Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.

VP Osinbajo: Nigerian government large, expensive

Osinbajo explained that there is need for a national debate on issues surrounding the size and cost of governance on Nigeria.
Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.

VP Osinbajo calls for national debate to reduce size of government

The Vice President, Prof Yemi Osinbajo, says Nigeria needs a national debate to address the issues around the size of government and cost of governance in Nigeria.
The Minister of Mines and Steel Development, Olamilekan Adegbite, on Tuesday said the Federal Government had been able to recover 25 sites from 2007 that the programme started.

Nigeria designates seven strategic minerals to unlock economy

Mr Olamilekan Adegbite, Minister of Mines and Steel Development, says the Federal Government has designated seven of the country’s strategic minerals to unlock the enormous potential in the mining sector.

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Prime Minister Boris Johnson discussed telecoms security with US President Donald Trump as he prepares to announce if Britain will use China’s Huawei in its 5G networks, officials said Saturday.

Huawei will stop producing Kirin chipsets on September 15

Huawei will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s suppliers has made it impossible for the company’s HiSilicon chip division to keep making the chipsets, key components for mobile phone, Richard Yu, CEO of Huawei’s Consumer Business Unit was quoted as saying at the launch of the company’s new Mate 40 handset.
Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

House of Reps uncovers abandoned power projects worth over N156 billion

The Federal House of Representatives, in it’s oversight function, has uncovered many power projects, put together at the cost of N156 billion, that are being abandoned or are yet to be completed by the Transmission Company of Nigeria (TCN).

Biafra group warns Miyetti Allah against operating security outfit in South-east, South-south

The Biafra Nations Youth League, BNYL, on Saturday, warned Miyetti Allah Kautal Haure not to allow the Fulani Security group to operate in the Southeast and Southsouth to avoid bloody confrontation by both groups.
Governor of Kaduna State, Mallam Nasir El-Rufai, has fully recovered from coronavirus. 4

Governor El-Rufai: South should produce next President

Barely a week after President Muhammadu Buhari’s closest ally and nephew, Malam Mamman Daura, spoke against zoning of presidency ahead of the 2023 election, Kaduna Governor Nasir El-Rufa’i has said the next President should come from the South.
The Lagos Waste Management Authority on Saturday said plans had been concluded to decommission its Olusosun and Solous landfill sites. The Managing Director of LAWMA, Dr Muyiwa Gbadegesin, said in a statement that the decommissioning was due to urban encroachment and increased human activities around the areas.

LAWMA arrests 13 cart pushers for environmental laws violation

Mr Ibrahim Odumboni, Acting Managing Director, Lagos State Waste Management Authority (LAWMA), said the authority arrested 13 cart pushers and seized 29 carts for violating environmental laws of the state.