Goddy Ikeh
Nigeria’s electricity generation has continued to hover around an average of 4,500 megawatts despite the country securing loans totalling over $3.23 billion in about four years from international financial institutions.
The Nigerian Government says it is deepening its security partnership with the People’s Republic of China for local arms production and military training.
The Nigerian Stock Exchange (NSE) recorded a positive close on Thursday, with the All-Share Index rising by 1.25 per cent to close at 105,530.74 points, up from 104,230.73 points.
The African Development Bank (AfDB) marked its 60th anniversary of partnership with Burkina Faso and financed not less than 120 projects in the country since its first intervention over 50 years ago.
Morocco’s Exchange Office has reported voluntary declarations generating 231.76 million dirhams in contributions to the public treasury.
Casablanca Finance City (CFC) won its position as Africa’s leading financial centre, surpassing Kigali and Johannesburg in the Global Financial Centres Index ranking,
writes Le Figaro.
The official report released showed that 19 persons were killed, including 18 attackers and six suspects arrested.
Spain has granted €2.5 million to Morocco for the control of irregular migration, as the humanitarian toll has been heavy in 2024, with more than 10,400 migrants losing their lives or disappearing at sea towards Spain in 2024, according to the Spanish NGO Caminando Fronteras.
The China Development Bank has announced the approval of a $254.76m (€245m) loan to support the Kano-Kaduna railway project in northern Nigeria.
The price of OPEC basket of 12 crudes stood at $76.07 a barrel on Tuesday, January 7, 2025, compared with $76.18 the previous day, according to OPEC Secretariat calculations.