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How Much Are Nigerian Banks Charging For Dollar Transactions?
A new report has shown that banks in Nigeria have raised dollar charges by 45.15%, following the stoppage of dollar sales to the Bureau De Change (BDC) operators in July 2021 by the CBN. BusinessDay shared that a bank customer performed a dollar transaction and was charged N601 to a dollar for his first transaction…
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#EndSARS: Military Phobia Lingers On One Year After Protests
On October 17, 2020, acting director of the Nigerian Army public relations, Sagir Musa, announced a civilian-targeted exercise named Crocodile Smile. The exercise was scheduled to commence from Tuesday, October 20 to Thursday, December 31. The cyber warfare exercise was designed to identify, track and counter negative propaganda on social media. October 20, 2020, the…
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IMF Revises Global Economy Growth Forcast To 5.9%
The International Monetary Fund has reduced its headline forecast for global economic growth this year by 0.1 percent to 5.9 percent while leaving its projections for 2022 unchanged at 4.9 percent. IMF’s latest outlook released on Tuesday showed that global economy had not recovered from last year’s COVID-19 disruption, stating the “dangerous divergence” between richer…
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CAR Declares Ceasefire In War With Rebel Forces
President of Central Africa Republic, Faustin-Archange Touadera has declared a unilateral ceasefire in the fight against armed groups in the country saying he hoped it would lead to peaceful dialogue. The country has seen recurrent rounds of rebel violence since former President Francois Bozize was deposed in 2013. Armed groups control large swaths of territory,…
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Tanzania To Develop Natural Gas Reserves In 2023
President Samia Suluhu Hassan has renewed efforts to get Tanzania a spot on the prestigious Liquefied Natural Gas (LNG) exporters club after oil investors companies stalled in 2019. Tanzania has an estimated 57 trillion cubic feet of gas reserves, with a total annual production of 110 billion cubic feet from three fields, but disagreements with…
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Nigeria Moves To Bar Unvaccinated Workers From December 1
Boss Mustapha, the Chairman of the Presidential Steering Committee PSC on COVID-19, has confirmed the government’s new move to ban workers who fail to show proof of their COVID-19 vaccination from accessing their offices as of December 1. Federal government employees would now be required to show their vaccination card or a Polymerase Chain Reaction…
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Covid-19: Congo Suspends Wedding Ceremonies For 45 Days
In a bid to control the spread of the coronavirus, Congolese authorities have barred all wedding ceremonies in the country for 45 days. “Civil, religious, customary marriage and dowry ceremonies are suspended for 45 days,” Communication Minister Thierry Moungalla said on public television. According to the national coordination of the fight against Covid-19 in Congo,…
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Covid-19 Pandemic And Its Effects On Global Hunger
A recent report by the UN’s Food and Agriculture Organisation (FAO) shared that the pandemic has made the world more vulnerable to food insecurity, pushing the aim to eradicate global hunger by 2030 further down the road. Due to the dramatic worsening of world hunger in 2020, the world agency reports that around a tenth…
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Infographics: Rice Production And Consumption In Nigeria
The Nigerian Customs Service (NCS) in a recent statement shared that the ban on the importation of foreign rice has boosted local production by a large percent, especially in the northern regions of Nigeria. Acting Controller of the Katsina Command, Alhaji Dalha Wada-Chedi, shared that the closure of borders by the present administration has pushed…
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Foreign Airlines Slash Ticket Sales To Nigeria Routes
Foreign airlines operating in Nigeria would begin the reduction of the total number of tickets they sell on Nigerian routes amid worsening dollar scarcity. According to the International Air Transport Association (IATA)–the global body for international carriers, foreign airlines operating in Nigeria had been unable to repatriate about $144m (N60bn) in ticket sales back to…