The Economic and Financial Crimes Commission (EFCC), Nigeria’s financial crimes investigation agency, has successfully recovered over $160 million in unpaid statutory fees owed by oil companies to the Niger Delta Development Commission (NDDC). The EFCC has recovered over ₦115 billion and $84 million (over $160 million total) in unpaid statutory fees from oil companies. These…
Between 7,000 and 9,000 migrants are believed to remain in Ceuta, nearly two weeks after about 72,000 people crossed from Morocco into the Spanish enclave in one of Europe’s largest recent border surges. Spain estimates that 7,000 to 9,000 migrants remain in Ceuta after about 72,000 crossed from Morocco. About 1,898 minors have been formally…
Qatar and Morocco are part of a group of six Arab football federations that have pledged their full support to FIFA President Gianni Infantino. Six Arab football federations, including Qatar and Morocco, have declared full support for FIFA President Gianni Infantino. Major confederations from Europe, Asia, and North America have criticized Infantino and some have…
China’s state-backed minerals buyer has secured a one-year agreement for iron ore supplied by Anglo American’s South African subsidiary, extending Beijing’s influence over the pricing and distribution of one of Africa’s biggest mineral exports. China’s state minerals buyer has secured a one-year supply agreement with South Africa’s Kumba Iron Ore. The agreement took effect on…
Nigeria’s Aradel Holdings Plc plans to begin producing gasoline at its modular refinery in 2027, as the removal of fuel subsidies improves the economics of domestic petrol production. Aradel Holdings Plc aims to start gasoline production at its modular refinery in 2027 after Nigeria removed fuel subsidies and improved market conditions. Currently, the plant produces…
Last week, the island nation of Seychelles, renowned for its tourism and high GDP per capita, received images and videos of its national monuments aboard the International Space Station via the Russian Orbital Segment (ROS), which is responsible for propulsion, navigation, and primary guidance. Seychelles celebrated its 50th independence anniversary by sending national symbols and…
President Bola Tinubu has approved a new deepwater oil and gas investment framework that Nigeria says could unlock as much as $50 billion in investment, as Africa’s top crude producer seeks to revive stalled offshore projects and compete more aggressively for global energy capital. President Bola Tinubu has approved a new deepwater oil and gas…
African e-commerce company Jumia has secured $50 million in fresh equity from investors led by the World Bank’s International Finance Corporation, giving the loss-making retailer additional financial firepower as it pushes towards its first profitable year. African e-commerce company Jumia has raised $50 million in fresh equity from IFC, Axian and other investors. IFC, the…
Egypt’s Minister of Education and Technical Education, Mohamed Abdel Latif, and the Japan International Cooperation Agency (JICA) recently met to discuss the expansion of several key education projects between the two nations. Egypt and Japan are expanding their strategic partnership in education. The number of Egyptian-Japanese schools is rapidly increasing, expected to reach 102 by…
