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Finance

Pascal Agboyibo : L’Avocat Togolais au Cœur d’un Partenariat Minier Stratégique RDC-USA

Un Togolais dans les Négociations Clés sur les Minerais Critiques Pascal Agboyibo, avocat togolais et fils de l’ancien Premier ministre Yawovi Agboyibo, joue un rôle central dans les discussions entre la République Démocratique du Congo (RDC) et les États-Unis autour d’un partenariat stratégique sur les minerais critiques. Il est le seul représentant togolais au sein d’une unité de coordination stratégique de 22 membres, composée de hautes personnalités congolaises, dont :✔ Le chef de cabinet du président✔ Le ministre des Affaires étrangères✔ Le ministre des Mines Un Accord aux Enjeux Majeurs Ce partenariat, une fois finalisé, permettra :🔹 Aux États-Unis d’accéder aux ressources minières stratégiques de la RDC (cobalt, lithium, coltan).🔹 À la RDC de bénéficier d’un soutien accru pour stabiliser l’Est du pays, en proie aux conflits armés. Pascal Agboyibo : Un Expert du Droit Minier et des Projets Stratégiques Fondateur du cabinet international Asafo & Co, Pascal Agboyibo est reconnu pour son expertise en :⚖ Droit minier💼 Finance structurée🏗 Projets d’infrastructure Présent […]

Ahmad June 10, 2025

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Events

IAWPA Unveils Solar Fan Project in Niger Delta Ahead of NDDC’s 25th Anniversary

IAWPA Commends NDDC on 25 Years of Service The International Association of World Peace Advocates (IAWPA) has praised the Niger Delta Development Commission (NDDC) as it celebrates 25 years of service to the oil-rich Niger Delta region. In a statement released by the group's Media Director, Ambassador Nwokoma Messiah , IAWPA highlighted the Commission’s efforts in driving transformation, innovation, and regional progress. “We commend the Commission’s developmental role in the Niger Delta, transforming lives and promoting sustainable development.” The statement also applauded Dr. Samuel Ogbuku , Managing Director of NDDC, for his leadership and positive impact since assuming office. “His leadership has ushered in a new era of development, innovation, and progress in the region.” Solar Fans to Be Distributed Under New Sustainability Initiative As part of its ongoing support for clean energy and climate action, IAWPA announced plans to […]

Ahmad June 10, 2025

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Finance

Nigeria’s $5 Billion Oil-Backed Loan from Aramco Stalls Amid Falling Crude Prices

Talks on $5B Oil Loan With Aramco Slow Down Discussions between Nigeria and Saudi Aramco over a $5 billion oil-backed loan have stalled as falling crude prices complicate negotiations. Reuters reports that the drop in global oil prices has made it harder for both sides to agree on terms for what would be Nigeria’s largest such deal and Aramco’s first major financing move in the country. “It’s hard to find anyone to underwrite it,” said one source familiar with the talks. The delay comes at a critical time, as Nigeria seeks foreign loans to support its 2025 budget amid rising fiscal pressures and limited revenue sources. Oil Price Drop Puts Pressure on Deal Oil prices have fallen by about 20% , with Brent crude now trading around $65 per barrel , down from over $82 in January . This decline […]

Ahmad June 10, 2025

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Finance

FG’s Savings Surge by Over 500% After Petrol Subsidy Removal — NOA Report

Petrol Subsidy Removal Yields Massive Financial Gains The Federal Government’s savings jumped by over 500% in the first quarter of 2025 following the removal of petrol subsidies in 2023, according to a recent report by the National Orientation Agency (NOA) . This surge in revenue marks a major shift in Nigeria’s fiscal policy and has allowed the government to direct billions toward infrastructure, education, agriculture, and debt reduction. “For decades, oil subsidies were a major burden on our economy,” the report stated.“But today, we are seeing real progress thanks to President Tinubu’s bold decision.” A Historic Move That Stopped Billions in Waste President Bola Ahmed Tinubu ended the long-standing fuel subsidy regime shortly after taking office in 2023. The move stopped years of economic bleeding that had cost Nigeria over $84 billion between 2005 and 2022. Before the reform, fuel […]

Ahmad June 10, 2025

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Finance

La BCEAO Assouplit sa Politique Monétaire : Quelles Opportunités pour l’UEMOA ?

Une Baisse des Taux Directeurs pour Stimuler l'Économie La Banque Centrale des États de l'Afrique de l’Ouest (BCEAO) a annoncé une réduction de 25 points de base de ses taux directeurs à l’issue de la récente réunion du Comité de Politique Monétaire (CPM). Cette mesure, entrée en vigueur le 16 juin 2025, abaisse le taux directeur principal de 3,50% à 3,25%, selon un communiqué relayé par Eco & Finances. Qu’est-ce que le Taux Directeur et Pourquoi cette Baisse ? Le taux directeur est l’un des principaux outils dont dispose une banque centrale pour influencer l’économie. Il représente le coût auquel la BCEAO prête de l’argent aux banques commerciales de la région. En abaissant ce taux, la BCEAO rend l’argent moins cher pour les banques, ce qui devrait les inciter à :✔ Accorder plus de crédits aux entreprises et aux ménages✔ Réduire les taux d’intérêt sur les prêts✔ Stimuler l’investissement et la consommation Contexte et Objectifs de cette Décision […]

Ahmad June 10, 2025

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Finance

Nigeria’s Economy Back on Track – Says Minister Atiku Bagudu

Nigeria’s Economy Is Improving — Says Economic Planning Minister The Nigerian economy is moving in the right direction , though it has not yet reached its full potential, according to Atiku Bagudu , Minister of Budget and Economic Planning. Speaking after a meeting with President Bola Ahmed Tinubu at his Lagos residence over the weekend, Bagudu praised the administration’s bold policy decisions and outlined how they are setting the stage for long-term growth. “We’re not where we want to be, but these steps have turned the economy in the right direction.” Structural Reforms Begin to Pay Off Bagudu credited President Tinubu’s government for making tough but necessary choices , including the removal of costly subsidies on fuel, foreign exchange, and electricity —a move that freed up billions for more impactful spending. “Decades of underinvestment brought Nigeria to a point where […]

Ahmad June 9, 2025

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Finance

AGF Clears Fidelity Bank CEO of Criminal Charges

AGF Clarifies Discontinuation of Case Against Fidelity Bank CEO The Office of the Attorney General of the Federation (AGF) has officially discontinued the criminal case against Dr. Nneka Onyeali-Ikpe , Managing Director and CEO of Fidelity Bank Plc , citing her lack of direct involvement in the alleged fraudulent activities under review. This decision came after a comprehensive legal review by the AGF’s office. A statement issued on Monday clarified that Dr. Onyeali-Ikpe did not manage the account in question nor was she in her current role when it was opened. Kamarudeen Ogundele, Special Assistant to the President on Communication and Publicity, explained the move: “The Attorney General’s decision is a testament to the office’s commitment to upholding justice and fairness.” He added that as the chief law officer of the federation, the AGF has the constitutional power to stop […]

Ahmad June 9, 2025

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Finance

FG Reaffirms Nigeria’s Global Leadership in Entrepreneurship at 2025 GEC

Nigeria Reinforces Commitment to Entrepreneurship on Global Stage At the 2025 Global Entrepreneurship Congress (GEC) in Indianapolis, USA , Nigeria once again asserted its role as a leader in entrepreneurship-driven industrial transformation . Minister of State for Industry, Trade and Investment, Senator John Owan Enoh , represented the Federal Government at the event, delivering a strong message about Nigeria’s growing influence in global innovation and SME development . Speaking before an audience of ministers, policymakers, and global innovation leaders, Enoh emphasized that Nigeria sees MSMEs —not just as small businesses—but as key drivers of economic diversification, job creation, and inclusive growth . “With over 39 million MSMEs contributing 84% of total employment, we are investing in national resilience and the architects of our economic future.” Major Reforms Empowering Nigerian Entrepreneurs The Nigerian delegation highlighted several major reforms and initiatives aimed […]

Ahmad June 6, 2025

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Events

Zenith Bank Named Nigeria’s Best Bank at 2025 Global Finance Awards

Zenith Bank Crowned Nigeria’s Best Bank Again Zenith Bank Plc has once again been recognized as “Best Bank in Nigeria” at the 2025 Global Finance Best Banks Awards —marking its fifth win in just six years . The award celebrates banks across 36 African countries , with Zenith standing out among top financial institutions for excellence in service, innovation, and performance. This year’s selection followed an extensive review by Global Finance , involving consultations with corporate executives, bankers, analysts, and consultants worldwide. Criteria Behind the Recognition Global Finance evaluated banks using both objective and subjective criteria , including: Growth in assets and profitability Geographic reach and strategic relationships New business development and product innovation Analyst opinions, customer feedback, and industry reputation Zenith Bank impressed judges with its consistent growth , customer-centric services , and investment in digital transformation . “We […]

Ahmad June 5, 2025

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Finance

AEDC Workers Threaten Strike, Power Outage Looms in Abuja and 3 States

AEDC Workers Warn of Nationwide Power Disruption The Abuja Electricity Distribution Company (AEDC) is facing an imminent strike action that could lead to widespread power outages in Abuja and three other states — Nasawara, Kogi, and Niger — unless management meets workers’ long-standing demands. Two major unions — the Senior Staff Association of Electricity and Allied Companies (SSAEAC) and the National Union of Electricity Employees (NUEE) — have issued separate notices warning of industrial action if their grievances remain unresolved. Unpaid Wages, Pensions, and Benefits Trigger Strike Warning In a letter dated June 4, 2025 , signed by Deputy General Secretary Rosemary Odey, SSAEAC gave AEDC a two-week ultimatum to address several unresolved issues: Unpaid 2024 productivity bonuses 18 months of pension deductions not remitted Failure to implement national minimum wage No staff promotions since 2013 Collapse of health services […]

Ahmad June 5, 2025

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