Africa Business News

A planned meeting by West African chiefs of defence staff to discuss the coup in Niger has been postponed at short notice. The talks - called by the regional bloc, Ecowas - had been expected to take place in the Ghanaian capital, Accra. Large crowds of supporters of last month's coup gathered near a French military base in Niamey on Friday to denounce Ecowas and France. US Secretary of State Antony Blinken has expressed grave concern for the family of the deposed president of Niger, who he said were being held under worsening conditions.

A planned meeting by West African chiefs of defence staff to discuss the coup in Niger has been postponed at short notice. The talks - called by the regional bloc, Ecowas - had been expected to take place in the Ghanaian capital, Accra. Large crowds of supporters of last month's coup gathered near a French military base in Niamey on Friday to denounce Ecowas and France. US Secretary of State Antony Blinken has expressed grave concern for the family of the deposed president of Niger, who he said were being held under worsening conditions.

A planned meeting by West African chiefs of defence staff to discuss the coup in Niger has been postponed at short notice. The talks - called by the regional bloc, Ecowas - had been expected to take place in the Ghanaian capital, Accra. Large crowds of supporters of last month's coup gathered near a French military base in Niamey on Friday to denounce Ecowas and France. US Secretary of State Antony Blinken has expressed grave concern for the family of the deposed president of Niger, who he said were being held under worsening conditions.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The Federal Government through the Federal Competition and Consumer Protection Commission has released new a list of 154 fully approved digital lenders licensed to operate in the country. It gave 40 others conditional approval, added 20 to its watch list, and delisted nine apps. It also noted that four others comprising of Fastcredit Limited, Greenbond Finance Company Limited, Baines Microfinance Bank Limited, and Ekondo Microfinance Bank Limited, had been licensed by the Central Bank of Nigeria. It also came after the commission gave digital money lenders a five-day deadline to prove they were operating within its set guidelines. It announced this earlier when it asked Google to delete 18 digital lenders from Playstore for harassing Nigerians.

The Federal Government through the Federal Competition and Consumer Protection Commission has released new a list of 154 fully approved digital lenders licensed to operate in the country. It gave 40 others conditional approval, added 20 to its watch list, and delisted nine apps. It also noted that four others comprising of Fastcredit Limited, Greenbond Finance Company Limited, Baines Microfinance Bank Limited, and Ekondo Microfinance Bank Limited, had been licensed by the Central Bank of Nigeria. It also came after the commission gave digital money lenders a five-day deadline to prove they were operating within its set guidelines. It announced this earlier when it asked Google to delete 18 digital lenders from Playstore for harassing Nigerians.

The Federal Government through the Federal Competition and Consumer Protection Commission has released new a list of 154 fully approved digital lenders licensed to operate in the country. It gave 40 others conditional approval, added 20 to its watch list, and delisted nine apps. It also noted that four others comprising of Fastcredit Limited, Greenbond Finance Company Limited, Baines Microfinance Bank Limited, and Ekondo Microfinance Bank Limited, had been licensed by the Central Bank of Nigeria. It also came after the commission gave digital money lenders a five-day deadline to prove they were operating within its set guidelines. It announced this earlier when it asked Google to delete 18 digital lenders from Playstore for harassing Nigerians.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The National Bureau of Statistics says the average cost of bus transportation within Nigerian cities rose from N649.59 in May 2023 to N1,285.41 in June 2023 as the pump price of Premium Motor Spirit rose. This means that the cost of intra-city bus transportation rose by 98 per cent or N636 within one month. It says this included the breakdown of bus journeys within the cities per drop constant route; and bus journey intercity (state route) charge per person amongst other means of transportation. It said bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.

The National Bureau of Statistics says the average cost of bus transportation within Nigerian cities rose from N649.59 in May 2023 to N1,285.41 in June 2023 as the pump price of Premium Motor Spirit rose. This means that the cost of intra-city bus transportation rose by 98 per cent or N636 within one month. It says this included the breakdown of bus journeys within the cities per drop constant route; and bus journey intercity (state route) charge per person amongst other means of transportation. It said bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.

The National Bureau of Statistics says the average cost of bus transportation within Nigerian cities rose from N649.59 in May 2023 to N1,285.41 in June 2023 as the pump price of Premium Motor Spirit rose. This means that the cost of intra-city bus transportation rose by 98 per cent or N636 within one month. It says this included the breakdown of bus journeys within the cities per drop constant route; and bus journey intercity (state route) charge per person amongst other means of transportation. It said bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

Oil marketers, indicated that the cost of petrol would rise to between N680/litre and N720/litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market. They also hinted that dealers seeking to import PMS were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity. Oil dealers say the CBN Importers and Exporters' official window for foreign exchange, which boasts of a lower exchange rate of about $740/litre, had remained illiquid and unable to provide the $25m to $30m required for the importation of PMS by dealers. They said this had led to the suspension of petrol importation by dealers who were initially eager to import the commodity.

Oil marketers, indicated that the cost of petrol would rise to between N680/litre and N720/litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market. They also hinted that dealers seeking to import PMS were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity. Oil dealers say the CBN Importers and Exporters' official window for foreign exchange, which boasts of a lower exchange rate of about $740/litre, had remained illiquid and unable to provide the $25m to $30m required for the importation of PMS by dealers. They said this had led to the suspension of petrol importation by dealers who were initially eager to import the commodity.

Oil marketers, indicated that the cost of petrol would rise to between N680/litre and N720/litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market. They also hinted that dealers seeking to import PMS were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity. Oil dealers say the CBN Importers and Exporters' official window for foreign exchange, which boasts of a lower exchange rate of about $740/litre, had remained illiquid and unable to provide the $25m to $30m required for the importation of PMS by dealers. They said this had led to the suspension of petrol importation by dealers who were initially eager to import the commodity.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The National Judicial Council has dismissed a letter purportedly emanating from it, surrendering its statutory powers and functions on judges’ appointments and promotions to state governors. The NJC says that the letter addressed to the Chief Judge of Kebbi State and purportedly signed by the Chief Justice of Nigeria Justice Olukayode Ariwoola, did not emanate from the Council or the CJN. NJC’s Director of Information, Soji Oye, says there was no iota of truth in the fake letter. The Council says it has reported the unfortunate case to the relevant security agencies with a view to investigating and bringing to book whoever is behind this dastardly act.

The National Judicial Council has dismissed a letter purportedly emanating from it, surrendering its statutory powers and functions on judges’ appointments and promotions to state governors. The NJC says that the letter addressed to the Chief Judge of Kebbi State and purportedly signed by the Chief Justice of Nigeria Justice Olukayode Ariwoola, did not emanate from the Council or the CJN. NJC’s Director of Information, Soji Oye, says there was no iota of truth in the fake letter. The Council says it has reported the unfortunate case to the relevant security agencies with a view to investigating and bringing to book whoever is behind this dastardly act.

The National Judicial Council has dismissed a letter purportedly emanating from it, surrendering its statutory powers and functions on judges’ appointments and promotions to state governors. The NJC says that the letter addressed to the Chief Judge of Kebbi State and purportedly signed by the Chief Justice of Nigeria Justice Olukayode Ariwoola, did not emanate from the Council or the CJN. NJC’s Director of Information, Soji Oye, says there was no iota of truth in the fake letter. The Council says it has reported the unfortunate case to the relevant security agencies with a view to investigating and bringing to book whoever is behind this dastardly act.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The eight countries that share the Amazon basin have fallen short of an agreed goal to end deforestation. Delegates from the countries are meeting in the Brazilian city of Belém for a two-day summit on the issue, the first such gathering in 14 years. A joint declaration created an alliance to combat deforestation but left each country to pursue its own conservation goals. Ahead of the summit, Brazilian President Luiz Inácio Lula da Silva had called for a common goal of ending deforestation by 2030, a policy his own government has already adopted. Lula says the challenges of our era, and the opportunities arising from them, demand we act in unison.

The eight countries that share the Amazon basin have fallen short of an agreed goal to end deforestation. Delegates from the countries are meeting in the Brazilian city of Belém for a two-day summit on the issue, the first such gathering in 14 years. A joint declaration created an alliance to combat deforestation but left each country to pursue its own conservation goals. Ahead of the summit, Brazilian President Luiz Inácio Lula da Silva had called for a common goal of ending deforestation by 2030, a policy his own government has already adopted. Lula says the challenges of our era, and the opportunities arising from them, demand we act in unison.

The eight countries that share the Amazon basin have fallen short of an agreed goal to end deforestation. Delegates from the countries are meeting in the Brazilian city of Belém for a two-day summit on the issue, the first such gathering in 14 years. A joint declaration created an alliance to combat deforestation but left each country to pursue its own conservation goals. Ahead of the summit, Brazilian President Luiz Inácio Lula da Silva had called for a common goal of ending deforestation by 2030, a policy his own government has already adopted. Lula says the challenges of our era, and the opportunities arising from them, demand we act in unison.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

Restrictions on untraceable "ghost guns" in the US will remain in place, while the White House appeals against a court ruling which prevented them from being classified as a firearm. Pro-gun rights groups had sued to stop legally classifying them as a firearm. The decision comes as President Joe Biden's administration faces pressure to take more action on gun violence. Supreme Court ruling means that the regulation will stand while the White House appeals the Texas decision. That appeal could eventually end up back in front of the Supreme Court.

Restrictions on untraceable "ghost guns" in the US will remain in place, while the White House appeals against a court ruling which prevented them from being classified as a firearm. Pro-gun rights groups had sued to stop legally classifying them as a firearm. The decision comes as President Joe Biden's administration faces pressure to take more action on gun violence. Supreme Court ruling means that the regulation will stand while the White House appeals the Texas decision. That appeal could eventually end up back in front of the Supreme Court.