France gave Nigeria N150 billion in 2017

The Ambassador of the Federal Republic of Nigeria to France, Dr Modupe Irele, on Tuesday reported that France contributed about N150 billion(350 million euros) to Nigeria in 2017. Irele told newsmen in Lagos that the sum was dispensed as delicate advances to the Federal and State Governments, and additionally the private segment. “It is assessed […]

France to invest 1billion Euros in Nigeria’s oil & gas

Calls Nigeria its best trading partner in Africa   The French government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry, stating that Nigeria remains her first economic trading partner in Africa. France Ambassador to Nigeria, His Excellency, Denys Gauer, declared this when […]

France hits ISIL in Syria

The office of president Francois Hollande’s declared on Sunday said that “France has hit Syria” taking into account data from French surveillance flights sent not long ago. There were no further points of details. France has been firing air strikes on ISIL fanatics in Iraq as a major aspect of the US-drove coalition since a […]

ADS-B signs deal with ASECNA to deploy space-based surveillance tech

American based Aireon that operates a space-based Automatic Dependent Surveillance Broadcast (ADS-B) to enable global air traffic surveillance, has signed a data services agreement with the Agency for Aerial Navigation Safety in Africa and Madagascar (ASECNA). ASECNA, created in December 1959 is an international public organization of 18 members States which headquarters is located in […]

AfDB launches Presidential Youth Advisory Group

  The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth, as outlined in the Bank’s Jobs for Youth in Africa Strategy (JfYA) ( The Jobs for Youth in Africa initiative aims at creating […]

African markets factors to watch Oct. 31, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian stocks were mostly sluggish on Tuesday after weakness on Wall Street, while the dollar sagged following news that investigators probing Russian interference in the 2016 U.S. […]

African markets factors Oct. 30, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian shares climbed on Monday, as technology stocks were bolstered by solid earnings from U.S. tech stalwarts and on strong pre-orders for Apple’s iPhone X, while oil […]

Factors to watch African markets Oct. 27, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – GLOBAL MARKETS Asian shares gained on Friday as technology shares were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near three-month low against the dollar […]

What are the advantages of electric cars?

Other than sparing the earth from contamination, electric automobiles will be less expensive than the regular vehicles that keep running on petroleum products, a publication by the New York Times said. “There is essentially no sound approach to address environmental change without changing the way we get from here to there, which means autos, trucks, […]

Funny Pix: Brain Power App

Buhari made Kanu a celeb – Omokri Reno Omokri, a former aide to ex-President Goodluck Jonathan on new media, has expressed the sentiments of several Nigerians who have blamed President Muhammadu Buhari for making Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), a celebrity. In a video, Omokri said until Buhari arrested Kanu, […]

Nigeria to provide cleaner, cheaper fuels

From this moment on, Nigeria will struggle to use its gas more than it did in previous years… Nigeria launched a scheme on Tuesday to transport liquefied natural gas (LNG) to regions not linked by pipeline, supplying power plants and industry with cheaper, cleaner fuel, officials said. Nigeria, a major oil producer, lacks refining capacity, […]

USA looks strong to reclaim 4x400m relay title

The United States ran a world leading time in the women’s 4×400 metres relay heats at the World Athletics Championships, having done the same in the 4x100m earlier on Saturday. The U.S., who finished as runners-up in the 4x400m two years ago after four successive world titles, were anchored by Natasha Hastings and finished 20 […]

Brexit: EU leaders see positives in UK’s departure

Call it summer EU-phoria. There was a blazing sun overhead as European leaders arrived in Brussels for their summer summit Thursday, and the political outlook seemed just as bright, with an array of crises in check, economic indicators on the upswing across the Continent, and spirits lifted by a series of ballot-box triumphs. Perhaps most importantly, the […]

Nigeria plans to launch “green” bond within a few weeks

Nigeria plans to launch its delayed “green” bond – the first for an emerging market country – within a few weeks, the country’s former environment minister said. Amina Mohammed, now deputy secretary-general of the United Nations, told the Thomson Reuters Foundation proceeds from the sovereign bond – which is expected to raise about 20 billion […]

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