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Oil market volatility boxes Nigeria into a corner

Crude oil prices have fallen significantly since the beginning of 2020, largely driven by the economic contraction caused by the 2019 novel coronavirus disease (COVID-19) and a sudden increase in crude oil supply following the suspension of agreed production cuts among the Organization of the Petroleum Exporting Countries (OPEC) and partner countries. With falling demand […]

Why we are investing $580m in varsities in Nigeria, west, central African countries

The World Bank said it is investing over $580m in 53 universities in Nigeria and other West and central African countries through its African Centres of Excellence (ACE) project to address common regional development challenges and strengthen their capacities to deliver high quality training and applied research. World Bank education specialist for west and central Africa, […]

Powering Africa’s transformation with clean energy

The African Continent today stands at a sustainable development crossroads. On the one hand, the economic and governance picture suggests that Africa is poised to play a major role in the world – with burgeoning trade, investment, and demographic and population trends that, while posing living standard issues, also promise robust and expanding markets. The […]

South Africa wins bitter fight with Nigeria over top AU job

  One of South Africa’s top trade negotiators has emerged as the new secretary-general of the African Continental Free Trade Area (AfCFTA) agreement following a bitter political fight with Nigeria at the African Union (AU) summit on Monday. Amid high political drama, Wamkele Mene, who was also Pretoria’s chief negotiator during the AU’s discussions on […]

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