News

Russia, Togo pledge closer relations in Moscow

In order to strengthen political dialogue and promote economic relations, Professor Robert Dussey, Minister of Foreign Affairs, African Integration and Togolese Abroad, held diplomatic talks on February 16, 2021 with his Russian counterpart, Foreign Minister Sergey Lavrov, in St. Petersburg. According to reports, Professor Dussey’s visit was on the invitation by Moscow, and came on exactly one year after their …

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ANALYSIS: Cryptocurrency Ban in Nigeria – History, Implication and Effect

A look into the ban on cryptocurrency in Nigeria by Ibrahim Moshood and Oneyka Cindy Ojogbo, Associate and Senior Associate respectively of the international law firm Centurion Law Group In a letter dated 5 February 2021[1], the Nigerian government through its apex bank – the Central Bank of Nigeria (“CBN”) – clamped down on cryptocurrencies in Nigeria. The letter specifically …

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Service providers must transform to meet communications needs in Africa – Expert

The global pandemic has accelerated the need for true digitisation as African customers demand a more seamless digital customer experience from their communications service providers (CSPs), writes Pikie Monaheng, CEO at Amdocs South Africa JOHANNESBURG, South Africa, February 17, 2021/ —  It’s no secret that CSPs need to transform their businesses to compete in the continent’s highly competitive communications landscape …

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Nigerians in diaspora to discuss insecurity in home country at virtual conference

The security situation in Nigeria is worsening by the day as marauding bandits, camouflaging as herdsmen, roam across the country kidnapping for ransom, waylaying travellers, killing farmers and generally making the country unsafe. Added to the security troubles of the country is the possibility of inter-ethnic clashes flaring in different parts of the country caused by worsening inter-communal relationship. Members …

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WHO selects AstraZeneca as first vaccine for Africa, others

The World Health Organization (WHO) has approved the first vaccine for its COVAX program, aimed at ensuring equitable access to vaccines in Low- and middle-income countries. On Monday, the UN health agency issued emergency approval for the AstraZeneca vaccine, with deliveries expected to commence by March. The approval comes after a study in South Africa indicates that the AstraZeneca vaccine …

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Nigeria’s Okonjo-Iweala becomes first woman, African to lead WTO

The World Trade Organisation has confirmed Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala as the next Director-General. She is the first woman and the first African to lead the international trade body. According to a statement by the organisation on Monday, her term is scheduled to start on 1 March 2021. The term, which is renewable, will expire on 31 August 2025. …

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British lawyer elected new Chief Prosecutor of International Criminal Court

 Britain’s Karim Ahmad Khan was elected on Friday by the parties to the International Criminal Court (ICC) as the new chief prosecutor for a nine-year term starting in June. The Assembly of States Parties to the Rome Statute of the International Criminal Court held its second resumed nineteenth session on 12 February 2021 at the UN Headquarters in New York. …

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#EndSARS: Angry reactions trail arrest of peaceful protesters in Lagos

Lagos, Nigeria: Following the decision of the Lagos State Judicial Panel to allow the Lekki Concession Company to reopen the Lekki tollgate where soldiers opened fire on peaceful protesters, killing many in cold blood on 20 October 2020, Nigerian youths protested on Saturday to show their dissatisfaction of the decision. Despite the presence of heavy security operatives on ground, youths …

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New private airline launches in Nigeria

A new airline begins commercial operations in Nigeria on Friday, 12 February. The Enugu-based United Nigeria recently received approval to commence operation and was handed an Air Operators Certificate (AOC) by the Nigerian Civil Aviation Authority (NCAA), having fulfilled all mandatory regulatory requirements.  The airline will conduct its inaugural flight on Friday, taking off from the domestic wing of Murtala …

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Faki Mahamat re-elected head of AU Commission

Moussa Faki Mahamat was re-elected the chairperson of the African Union Commission on Saturday during the two-day virtual summit of the organisation. The Chadian diplomat won the support of 51 of 55 member states in a secret ballot to win a second term as AU executive head at the 34th Ordinary Session of the Assembly of Heads of State and …

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Why we declared cryptocurrency illegal in Nigeria – Central Bank

The Central Bank of Nigeria has reacted to criticisms trailing its declaration that  the use of cryptocurrencies in Nigeria contravenes existing laws. The apex bank had issued a statement on Friday warning banks and other financial institutions to desist from transacting cryptocurrencies and dealing with entities who do same. According to the CBN in a new statement on Sunday, cryptocurrencies …

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President Biden’s first foreign policy speech and its implications for Africa

President Joe Biden’s first foreign policy speech on 4 February was high on ideals but low on priorities for Africa and the developing world. It reminded me of the idealistic vision of Jimmy Carter when he came to power in 1976. Carter’s rhetoric was loaded with idealism of a world cooperating for global peace, without appreciating the limits of American …

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Angry reactions as Nigeria bans buying, selling of cryptocurrency

Following a directive banning cryptocurrency trading by the Central Bank of Nigeria (CBN), Nigerians have expressed strong displeasure of the decision of the federal government under the leadership of President Muhammadu Buhari. In a circular dated 5th February 2021, the CBN notified banks and other financial institutions against doing business in Crypto and other digital assets. According to Wikipedia, a …

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Nigeria’s Okonjo-Iweala set to lead WTO as rival withdraws

Former Nigeria’s minister of finance, Ngozi Okonjo-Iweala is set to become the first African, woman to lead the seat of 164-member World Trade Organisation. Coast is clear for her to emerge for the top job as the United States government under the administration of President Joe Biden endorsed her on Friday, in what was expressed as a ‘strong support’, according …

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Interview: Efforts to drive Russia-Africa relations receiving new impetus

In an exclusive interview with our Moscow correspondent Kester Kenn Klomegah, a member of the newly created Public Council under the Secretariat of the Russia–Africa Partnership Forum, Armen Khachatryan, argues that the first Summit held in October 2019 ultimately seeks to inject a new dynamism into Russia-Africa relations. According to Mr Khachatryan, who is also Deputy Chief Executive Officer and …

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NIDOE presents Award to Nigerian Ambassador in Berlin

The Nigerians in Diaspora Organisation Europe (NIDOE) presented its Leadership Service Award 2020 to His Excellency Yusuf Maitama Tuggar, the Ambassador of the Federal Republic Nigeria to Germany, on Monday, 1 February 2021. The award is in recognition of the envoy’s “excellent and outstanding personal achievements and leadership” and his “immense contributions to National Development”. While presenting the award at …

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