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UN takes action on food crisis

As the world reels under soaring food prices that have triggered riots across the third world, the UN is taking urgent measures to respond to the crisis, according to UN Secretary-General Ban Ki-Moon.

BADEA DG assures Sierra Leone of continuous support

The Algeria born Chief Executive of the Arab Bank for Economic Development in Africa (BADEA), Abdel Aziz Khelef, has assured Sierra Leone's

Nigerians react to 13 billion naira scandal in Cadbury

Market operators at the Nigerian Stock Exchange (NSE) r eacted sharply to the 13 billion naira financial scandal rocking one of the quot e d companies - Cadbury Nigeria Plc. The financial scandal has led to the banning of top officials of the company

Nigerian govt rescinds concessioning of Ajaokuta steep firm

Nigeria's decision-making federal cabinet Wednesday rescinded, on account of non-compliance, the concession agreements between the Federal Government and Global Infrastructure (Nigeria) Limited (GIHL)

IIB acquires strategic stake in Tunisian automobile distributor valued at more than $200m

ARTES is the exclusive distributor for RENAULT, NISSAN and DACIA automobiles in Tunisia. Established in 1947 under the name 'RENAULT TUNISIE' and renamed ARTES after being acquired by a private group in 1997

Ban Ki-moon envisions ‘African century’ if development goals are met

Marking the 50th anniversary of the United Nations Economic Commission for Africa (ECA), UN Secretary-General Ban Ki-moon has called for accelerated efforts to reach international development goals to usher in a century

IMF scores Mauritania high on economic reforms

The structural reforms initiated by the new auth orities in Mauritania have helped to achieve economic progress in that country, t he International Monetary Fund (IMF) said in a statement issued here.The statement followed a visit to Mauritania by some IMF experts.

Nigeria’s foreign reserves rise to US$60b

Nigerian foreign reserves, buoyed by rising price of crude oil, have jumped from US$58.3 billion to US$59.985 billion, according to the Central Bank of Nigeria

EU gives 30m euros in humanitarian aid to Horn of Africa

The European Union (EU) has released 30 million euros for humanitarian aid to the vulnerable peoples of the countries in the Horn of Africa, official sources said. According to a statement from the services of the European Commission

US envoy lauds NSE’s contribution to Nigeria’s economic development

The US Ambassador to Nigeria, Robin Renee Sanders, has a pplauded the contributions of the Nigerian Stock Exchange (NSE) to the country's economic development, saying American businessmen and investors look

Investors stake 14.7 billion naira on equities at Nigerian bourse

Investors at the Nigerian Stock Exchange (NSE) Tuesday s taked a total of 14.7 billion naira on 1.045 billion shares traded in 21,111 dea l s. Market capitalization of listed equities increased to 12.623 trillion naira from 12.522 trillion naira recorded

Ghana’s Speaker underlines importance of intra-Africa trade

Development of inter-African trade will provide the necessary impetus for full continental integration, according to the Speaker of Ghana’s Parliament, Ebenezer Begyina Sekyi Hughes
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