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Latest News Weatherman forecasts cloudy weather with chances of localised thunderstorms Shehu clears Buhari over PUNCH reporter’s expulsion from Aso Rock Amosun commissions ultra-modern Automobile Workshop, promises 3 more Nnamdi Kanu: SERG hails judiciary, urges FG to obey order this time Nigeria equity market sustains growth Ekiti LG laments 14 months blackout, begs BEDC NRC boosts Abuja-Kaduna rail service Bayelsa Govt. bemoans delay in release of second tranche of Paris Club refunds Economy: VP seeks banks’ support Mass redeployment of senior officers hits Customs CBN sells $25m in new FX window for investors, exporters African Development Bank approves $280m to support Nigerian youths in agriculture

 

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UN Security Council berates Boko Haram over attacks

UN Security Council berates Boko Haram over attacks NEW YORK, April 8, 2015/African Press Organization (APO)/ — The members of the Security Council condemned in the strongest terms the recent terrorist attacks perpetrated by Boko Haram in north-east Nigeria and Chad including the deadly attacks in Kwajafa in Borno State, Nigeria, on 5 April 2015 and in Tchoukou Telia,...... more

US regrets Nigeria's withdrawal from military training

US regrets Nigeria's withdrawal from military training ABUJA, Nigeria, December 1, 2014/African Press Organization (APO)/ — At the request of the Nigerian government, the United States will discontinue its training of a Nigerian Army battalion. The first two phases of training were conducted between April and August 2014, and had provided previously untrained civilian personnel with basic soldiering...... more

Tony Elumelu dreams big, says Heirs Holdings to generate at least a quarter of Nigeria’s power needs in the next 5 years

Tony Elumelu dreams big, says Heirs Holdings to generate at least a quarter of Nigeria’s power needs in the next 5 years LAGOS, Nigeria, September 11, 2014/ – Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.” Heirs Holdings’ interests in the power sector include Transcorp Ughelli Power, a...... more

DHL announces new heads for key Africa regions

DHL announces new heads for key Africa regions CAPE-TOWN, South-Africa, April 22, 2014/ -- DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, has promoted two African country heads to take regional roles in a continent poised for renewed growth. Former managing director, South Africa, Lubabalo ‘Twine’ Mtya becomes the new CEO for the Southern...... more

DR Congo must arrest Sudanese President Omar Al-Bashir for trial at the Int’l Criminal Court —Group

DR Congo must arrest Sudanese President Omar Al-Bashir for trial at the Int’l Criminal Court —Group PARIS, France, February 26, 2014/African Press Organization (APO)/ – Last Night, Sudanese President arrived to Kinshasa, capital of the Democratic Republic of the Congo, to participate in a summit of Heads of State and Government of the Common Market of East and South Africa (COMESA). He is subject to an arrest...... more

Transcorp, GE partner to improve power generation in Nigeria

Transcorp, GE partner to improve power generation in Nigeria LAGOS, Nigeria, January 31, 2014/African Press Organization (APO)/ – Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by1000MW over the next 3 to 5 years. Both parties...... more

Fears over fate of 11 lawmakers imprisoned without charge in Eritrea •Last seen 12 years ago

Fears over fate of 11 lawmakers imprisoned without charge in Eritrea •Last seen 12 years ago GENEVA, Switzerland, January 17, 2014/African Press Organization (APO)/ – A former Eritrean Defence Minister has urged IPU and the international community to do its utmost for 11 fellow MPs imprisoned without charges in Eritrea in 2001. At a hearing before IPU’s Committee on the Human Rights of Parliamentarians, Mesfin Hagos, one...... more

NEXIM to create synergy with Nigerian Export Promotion Council

NEXIM to create synergy with Nigerian Export Promotion Council ABUJA, Nigeria, January 8, 2014/African Press Organization (APO)/ – The newly appointed ED/CE of the Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo, has paid a courtesy call to the Managing D/CEO of the Nigerian Export-Import Bank (NEXIM) at the Headquarters of the Bank in Abuja, to discuss areas of possible...... more

Energy: Schneider Electric invites African students to take part in the Go Green in the City global business case challenge

Energy: Schneider Electric invites African students to take part in the Go Green in the City global business case challenge PARIS, France, December 4, 2013/African Press Organization (APO)/ – Schneider Electric, the global specialist in energy management, is inviting African students to take part in the Go Green in the City global business case challenge, focusing on innovative energy solutions for the city and open to students from across the globe....... more

ECOWAS salutes region’s national teams for 2014 FIFA World Cup qualification

ECOWAS salutes region’s national teams for 2014 FIFA World Cup qualification ABUJA, Nigeria, November 21, 2013/African Press Organization (APO)/ – The President of the ECOWAS Commission His Excellency Kadre Desire Ouedraogo has congratulated “Teams ECOWAS” – Nigeria, Ghana and Cote d’Ivoire – for winning three of Africa’s five slots for the 2014 FIFA World Cup Final in Brazil. In a goodwill message...... more

AfDB President named 2013 African of the Year

AfDB President named 2013 African of the Year TUNIS, Tunisia, November 8, 2013/African Press Organization (APO)/ – African Development Bank Group President Donald Kaberuka has been named 2013 African of the Year in recognition of his role in spearheading the Africa50 Fund to mobilize the financing of infrastructure projects on the continent. The $50,000 award was announced Thursday evening...... more

Nigeria: AfDB Board Approves US$152.50 Million Financing for Agricultural Transformation Agenda Support Program

Nigeria: AfDB Board Approves US$152.50 Million Financing for Agricultural Transformation Agenda Support Program TUNIS, Tunisia, November 1, 2013/African Press Organization (APO)/ – The Board of Directors of the African Development Bank has approved an ADF* loan of US$ 152.12 million (UA98.78 million*) and an ADF grant of US$ 0.38 million (UA0.25 million) to finance Nigeria’s Agricultural Transformation Agenda Support Program Phase 1 (ATASP-1). The...... more

Nigerian-American Paralympic star Dennis Ogbe makes strong case for polio vaccinations during World Polio Day forum hosted by Rotary and Northwestern University

Nigerian-American Paralympic star Dennis Ogbe makes strong case for polio vaccinations during World Polio Day forum hosted by Rotary and Northwestern University CHICAGO, USA, October 25, 2013/African Press Organization (APO)/ – Nigerian-born Paralympian Dennis Ogbe joined Emmy-winning actress Archie Panjabi to encourage public support for the global initiative to eradicate polio as part of a special programme co-hosted by Rotary and Northwestern University’s Center for Global Health on Oct. 24 – World Polio...... more

Hilton and Transcorp partner to develop new Lagos hotel

Hilton and Transcorp partner to develop new Lagos hotel LAGOS, Nigeria, September 19, 2013/African Press Organization (APO)/ – Building on its successful years of partnership with the Hilton Worldwide, Transnational Corporation of Nigeria Plc (Transcorp), a publicly quoted conglomerate, today announced a new premier hotel development in the upmarket suburb of Ikoyi in Lagos. The proposed Transcorp Hilton Lagos, a...... more

Elumelu broadens oil and gas focus, expands into West African offshore services

Elumelu broadens oil and gas focus, expands into West African offshore services LAGOS, Nigeria August 29, 2013/African Press Organization (APO)/ – Tony O. Elumelu’s pan-African investment vehicle, Heirs Holdings, today announced a substantial investment in Seadrill Mobil Units (Nigeria) Limited, an affiliate of one of the world’s leading offshore deepwater drilling companies, Seadrill. Elumelu has been appointed as chairman of the Board of...... more

Breaking News: IFC to launch $1Bn local-currency bond programme to support Nigeria’s capital markets

Breaking News: IFC to launch $1Bn local-currency bond programme to support Nigeria’s capital markets WASHINGTON, August 7, 2013/African Press Organization (APO)/ – IFC, a member of the World Bank Group, is working with the Securities and Exchange Commission in Nigeria to launch the first long-term, local-currency bond program in the country. The program will allow IFC to issue a series of local-currency bonds totaling up...... more

5 African Presidents, continent’s top business leaders call for increased private-sector participation in Africa’s development

5 African Presidents, continent’s top business leaders call for increased private-sector participation in Africa’s development BRAZZAVILLE, Republic of the Congo, July 25, 2013/African Press Organization (APO)/ – At the second annual Forbes Afrique Economic summit, Presidents Denis Sassou N’Guesso of Congo, Macky Sall of Senegal, John Mahama of Ghana, Blaise Compaoré of Burkina Faso and Jacob Zuma of South Africa all highlighted the importance of private-sector...... more

Brazil 2014 World Cup Qualifier: E/GUINEA 0, CAPE VERDE 3 •FIFA sanctions E/Guinea for fielding ineligible player

Brazil 2014 World Cup Qualifier: E/GUINEA 0, CAPE VERDE 3 •FIFA sanctions E/Guinea for fielding ineligible player GENEVA, Switzerland, July 19, 2013/African Press Organization (APO)/ – The FIFA Disciplinary Committee has sanctioned the Equatorial Guinean Football Association (FEGUIFUT) for fielding an ineligible player in the preliminary competition for the 2014 FIFA World Cup Brazil™. The match between Cape Verde Islands and Equatorial Guinea played on 8 June 2013...... more

Cameroon storms FIFA over ban

Cameroon storms FIFA over ban GENEVA, Switzerland, July 18, 2013/African Press Organization (APO)/ – FIFA President Joseph S. Blatter welcomed a delegation from Cameroon’s government at the Home of FIFA in Zurich on Thursday. The Cameroonian mission was composed of Minister of Territorial Administration and Decentralisation René Sadi, Minister of Sports and Physical Education Adoum Garoua,...... more

Fidelity Bank gets US $150 Million from AfDB in support of Nigeria’s Economic Growth

Fidelity Bank gets US $150 Million from AfDB in support of Nigeria’s Economic Growth TUNIS, Tunisia, July 17, 2013/African Press Organization (APO)/ – The Board of Directors of the African Development Bank (AfDB) approved today a US $75 million medium-term line of credit (LoC) to Fidelity Bank Plc to fund selected projects in sectors that are critical to Nigeria’s transformation agenda and economic growth such...... more

African, Asian, Latin American Ministers Meet to Develop New Partnership for Skills in Applied Sciences, Engineering & Technology

African, Asian, Latin American Ministers Meet to Develop New Partnership for Skills in Applied Sciences, Engineering & Technology ADDIS ABABA, Ethiopia, July 12, 2013/African Press Organization (APO)/ – A high-level workshop on a new “Partnership for Skills in Applied Sciences, Engineering and Technology in Africa” began today in the Ethiopian capital. The three-day event organized by the World Bank and the Government of Ethiopia connects Ministers of Education and...... more

Jonathan clears way for more Chinese investment in Nigeria •Elumelu calls on private sector to lead China-Africa engagement

Jonathan clears way for more Chinese investment in Nigeria •Elumelu calls on private sector to lead China-Africa engagement LAGOS, Nigeria, July 11, 2013/African Press Organization (APO)/ – African business leader and philanthropist Tony O. Elumelu joins President Goodluck Jonathan as part of a high powered delegation accompanying the Nigerian leader on a state visit to China from 11 to 12 July 2013. The visit, which will include a meeting...... more

West Africa to phase-out inefficient incandescent lamps

West Africa to phase-out inefficient incandescent lamps DAKAR, Senegal, July 10, 2013/African Press Organization (APO)/ – Government representatives from the Economic Community of West African States (ECOWAS) have successfully established a regionally coordinated framework to transition to energy efficient lighting. The strategy identifies the complete phase-out of inefficient incandescent lamps by 2020, the latest. The Ministry of Energy...... more

UN condemns reported killing of Egyptian protesters, seeks independent investigation

UN condemns reported killing of Egyptian protesters, seeks independent investigation NEW YORK, July 9, 2013/African Press Organization (APO)/ – The following statement was issued today by the Spokesperson for UN Secretary-General Ban Ki-moon: The Secretary-General is gravely concerned about the mounting violence in Egypt as the country’s political crisis continues. He is deeply disturbed by the reported killings of more than...... more

USAID picks Elumelu and his Foundation to guide and support Obama’s Young African Leaders Initiative (YALI)

USAID picks Elumelu and his Foundation to guide and support Obama’s Young African Leaders Initiative (YALI) LAGOS, Nigeria, July 1, 2013/African Press Organization (APO)/ – The Tony Elumelu Foundation and its founder, Tony O. Elumelu, chairman of Pan African investment group Heirs Holdings Limited, have been selected by the U.S. Agency for International Development (USAID) to help guide and support key components of President Obama’s Young African...... more

More pressure on Nigeria as UN expert demands “immediate halt to further executions”

More pressure on Nigeria as UN expert demands “immediate halt to further executions” GENEVA, Switzerland, June 26, 2013/African Press Organization (APO)/ – The United Nations Special Rapporteur on extrajudicial, summary or arbitrary executions, Christof Heyns, strongly condemned the four executions that allegedly took place on 24 June in the State of Edo. “I also call for a halt to the possible execution of fifth...... more

Execution of condemned prisoners “a sad day for human rights in Nigeria” —Australia

Execution of condemned prisoners “a sad day for human rights in Nigeria” —Australia VIENNA, Austria, June 26, 2013/African Press Organization (APO)/ – “I am shocked about the most recent executions in Nigeria which are a set-back for the implementation and the protection of human rights in the country,” Austrian Vice-Chancellor and Foreign Minister Spindelegger said commenting on the four executions yesterday in the southern...... more

UK condemns Nigerian executions, wants end to further killing of condemned prisoners

UK condemns Nigerian executions, wants end to further killing of condemned prisoners London, United-Kingdom, June 26, 2013/African Press Organization (APO)/ – FCO Minister Mark Simmonds condemns the execution of prisoners in Nigeria yesterday and urges the authorities to halt further executions. Speaking today, the Foreign Office Minister for Africa, Mark Simmonds, said: “I am deeply saddened that four prisoners were executed in Edo...... more

Human Rights Commissioner condemns Nigeria’s anti-gay law

Human Rights Commissioner condemns Nigeria’s anti-gay law BERLIN, Germany, June 3, 2013/African Press Organization (APO)/ – On 30 May 2013, the Nigerian House of Representatives unanimously passed a bill to make same-sex marriage a criminal offence. The bill was proposed in 2011 and passed by the Senate in 2012. It still needs to be signed by President Goodluck...... more

AU @ 50: Summit concludes with key decisions to propel the Continent forward

AU @ 50: Summit concludes with key decisions to propel the Continent forward ADDIS ABABA, Ethiopia, May 29, 2013/African Press Organization (APO)/ – The historic 21st Ordinary session of the Summit of the African Union, which incorporated the celebrations of the 50th anniversary of the Organisation of African Unity/ African Union ended Monday, 27 May 2013, at the AU headquarters in Addis Ababa. The...... more

 

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