Tag: business

Dele Momodu: Buhari’s foreign policy weak, he should be tougher on Ghana, others

Popular journalist and Publisher, Ovation Media Group, Chief Dele Momodu, shares  his thoughts on the recent closure of shops belonging to some Nigerians in Ghana and Nigeria’s diplomatic relations Ghana is…

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Nigerian traders in Ghana: Caught between a rock and a hard place

This is not the best of times for Nigerian traders in Ghana whose businesses are facing existential threats following the insistence of the authorities in that country that they must…

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As South Africa Struggles to Contain the Spike in Covid Cases, Economy Crumbles

  While such African countries as Tanzania and Burundi chose to simply ignore the dangers of Covid-19, or lagged on testing and contact tracing—like Nigeria—South Africa did everything by the…

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Onne Ports berths Largest Maerskline-Stardelhorn container vessel

The Nigerian Ports Authority has expressed excitement at the successful berthing of the biggest container vessel to ever call at any Nigerian port. The Maerskline Stardelhorn vessel which boasts of…

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Finally, Nigeria vos action against Ghana

Nigeria is to take "urgent steps" following a viral video showing the forced closure of shops belonging to Nigerian traders in Ghana. Foreign Affairs Minister Geoffrey Onyeama made the announcement…

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In Uganda, Mountain Gorilla Killer Sentenced to 11 Years in Prison

A Ugandan court sentenced a man to 11 years in jail for killing a mountain gorilla, in a judgment that highlights the government’s crackdown on conservation crimes. The man was…

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As Gold Hits Peak, and Mining Trio Makes $3 Billion Riding Bullion’s Surge, Jeff Bezos,Pony Ma, Others’ Fortunes May Surge

  Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that’s decidedly more old school. Saudi Arabia’s Mohammed Al…

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President Buhari Approves Counterpart Funding For Siemens to Revamp Power Infrastructure

  Nigerian President Muhammadu Buhari approved counterpart funding for a deal that will see Siemens AG upgrade the nation’s dilapidated power infrastructure. Nigeria, Africa’s most populous nation, last year contracted the German…

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Trump Defends Malaria Drug, Signs Historic Pharmaceutical Production Deal with Kodak

President Donald Trump said the medical community’s widespread warnings against using the anti-malaria drug hydroxychloroquine to treat Covid-19 patients were politically motivated to damage him. “I think it could have…

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Trade Pact to Give World Bank Trade Pact to Give Africa $450Billion Boost

An Africa-wide free-trade pact could bolster the region’s income by $450 billion and lift 30 million people out of extreme poverty by 2035, if accompanied by significant policy reforms and…

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