insert_link Africa Nigeria’s Food Crisis Expected to Worsen Amid Economic Hardship Nigeria is projected to see a severe hunger crisis next year, with over 30 million people facing food insecurity—a 33% increase from this year—due to economic challenges, according to a government and UN report as seen by CNBCAfrica. Economic hardship has intensified following austerity reforms by President Bola Tinubu, including currency devaluation and the removal of a longstanding petrol subsidy, contributing to rising inflation and a cost-of-living crisis. today4 November, 2024
insert_link Africa Nigeria’s Dangote Oil Refinery Holds 500 Million Litres of Petrol Nigeria's Dangote oil refinery possesses a reserve of 500 million litres of petrol, according to its billionaire founder, refuting assertions from marketers that they require additional imports to address fuel shortages. CNBCAfrica indicates that, in response to the situation, Nigeria's President, Bola Tinubu, convened a meeting on Tuesday in Abuja with oil regulators, the head of the state-owned NNPC, the finance minister, and Aliko Dangote. today31 October, 2024
insert_link Africa U.S Reiterates Support for Nigeria’s Clamor for U.N Security Council Membership The United States has again reiterated its support to Nigeria's call for inclusion in the membership of the United Nations Security Council. Tesem Akende reports. today31 October, 2024
insert_link Entertainment SA’s Home Affairs Ministry addresses immigration violations South Africa’s Home Affairs Minister Leon Schreiber has confirmed the cancellation of documents belonging to Chidimma Adetshina's mother. Schreiber told the SABC that Adetshina, now Miss Universe Nigeria, is not guilty of immigration violations, as she was an infant. Adetshina withdrew from the Miss SA pageant amid scrutiny over her citizenship. today24 October, 2024
insert_link Business / Economics 24 October 2024 Biz News: Coastal Tourism Thrives Amidst Global Economic Shifts: A Look at September 2024’s Key Developments in Namibia and Beyond In September 2024, the coastal region witnessed a remarkable surge in tourism activity, achieving an impressive occupancy rate of 74.45%, the highest recorded in the country. This growth has been attributed to a variety of social, sporting, and leisure events, such as annual marathons and regional festivals, according to The Brief publication. The influx of visitors not only boosted local businesses but also underscored the region's potential as a vibrant […] today24 October, 2024
insert_link Africa Nigerian President Tinubu Reshuffles Cabinet Amid Economic Challenges Nigerian President Bola Tinubu has dismissed five ministers and appointed seven new ones in a major cabinet reshuffle aimed at improving government efficiency. Key appointments, according to Duetsche Welle, include new ministers for humanitarian affairs, trade, labor, and livestock development. Ten other ministers were reassigned to different portfolios, as the country grapples with worsening economic conditions and public discontent. today24 October, 2024
insert_link Africa Nigeria experiences power outage Several communities across states in northern Nigeria are experiencing a power outage due to a fault in two circuit transmission lines. Tesem Akende reports from Jos. today23 October, 2024
insert_link Business / Economics 18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […] today18 October, 2024
insert_link Africa 140 Die in petrol tanker explosion in Nigeria About 140 people who died after a petrol tanker exploded in Jigawa state, northwest Nigeria have been buried. Tesem Akende reports. According to Reuters, the fuel tanker overturned late on Tuesday after the driver lost control of the vehicle, spilling petrol which exploded and killed at least 147 people, police and state emergency services said on Wednesday. The accident is one of the worst in recent times in […] today17 October, 2024
