Tag: Nigeria
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🇳🇬 Massive cocaine haul uncovered at Nigerian port
The national drug watchdog has teamed up with global partners to trace the cartel behind the “huge consignment” Nigeria’s anti-narcotics agency has uncovered a mammoth 1,000kg cocaine haul in a shipping container at a port in Lagos, and says it is working with US and UK counterparts to identify the cartel behind the shipment. The…
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🇳🇬 Nigeria’s Dangote Refinery Hits Milestone, Production Now Exceeds National Fuel Demand
In a historic leap towards energy self-sufficiency, the Dangote Petroleum Refinery, Nigeria’s flagship mega-project, has officially announced that its fuel production has surpassed the entire country’s daily consumption needs. This landmark achievement signals a transformative shift not just for Nigeria’s economy, but for the entire West African energy landscape. According to a statement from Dangote…
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Lukoil accepts offer to sell foreign assets. What is known about the company’s African projects
Russian oil company Lukoil has accepted an offer from Gunvor Group to acquire its subsidiary, LUKOIL International GmbH, which owns the group’s foreign assets. The parties had previously agreed on the key terms of the upcoming transaction, Lukoil’s press service reported. As noted by the company, Lukoil has undertaken not to enter into negotiations with…
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Leading Fintechs in Pan-African Countries
Subscribe to get access Read more of this content when you subscribe today. SubscribeSubmitting form Log in Fintech funding and market size vary significantly across African countries, with Nigeria, South Africa, and Egypt consistently leading in both venture capital and active market volume, followed by rapidly advancing markets like Ghana, Ethiopia, Senegal, Liberia, Côte d’Ivoire,…
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Head of fake Nigerian government agency arrested after weeks on the run
Nigerian police have arrested the man behind a fake government agency that operated out of the presidency’s office for nearly two years.
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African Fashion Industry Sees Rapid Growth: A New Era of Global Influence
The African fashion industry is on a remarkable growth trajectory, projected to reach a staggering $70.58 billion by 2024. This expansion is fueled by an annual growth rate of 5.16% until 2028, marking a significant shift in the global fashion landscape. This surge in the African fashion sector is largely driven by the growing international…
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Big Barrels: African Oil and Gas and the Quest for Prosperity
Big Barrels takes aim at the perception that in Africa oil and gas can do no good. For decades, resource wealth in Sub-Saharan Africa has been synonymous with corruption and dysfunction. The reality is far more complex and generally more encouraging. In a series of eight case studies Big Barrels looks at what African nations…
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Western missionaries accused of fueling ethnic tensions in West Africa
Western missionaries operating in West Africa have increasingly been accused of fueling ethnic and social tensions, exploiting communities, and engaging in corrupt practices. The most recent controversy centers on Lucas Richards, an American missionary in Liberia, who was arrested for attempting to kill his Liberian wife, Jessica Lloyd. This violent act has exposed deeper concerns…
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Cocoa prices unlikely to fall much this year despite higher production, media says
Weather conditions will become more favorable, which will lead to an increase in world production of cocoa beans by about 10%, causing their supply to exceed demand for the first time in four seasons, US media reported. However, the spread of chocolate tree diseases will hardly allow a return to previous prices. According to analysts…
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Royal Good Announces a New Album, Share New Single, Typhoonsy
To understand the new smart watched and other pro devices of recent focus, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around…