Most Africans would accept coup to oust bad rulers, survey shows
Bloomberg A majority of Africans say they would accept a military takeover of government if elected leaders were abusing power, a survey carried out across 39 countries showed. Two-thirds of…
Nigerian police inspector reportedly hangs self in Adamawa State over ‘financial difficulties’. Nigeria is facing its worst economic crisis in decades
Bella Ifasola A police inspector, Dasu Kassa, has died in Adamawa State, northern Nigeria. Kassa was reportedly found deceased at his residence in Anguwan Yungur, Girei Local Government Area, on…
Neuralink’s value jump leaves some Musk employees itching to cash out
Reuters Some of the staff at Elon Musk’s Neuralink are making preparations to sell the brain implant company’s stock in the wake of its valuation jumping following its first human…
Africa’s richest man versus Nigeria is uncharted territory
Bloomberg A standoff is building between Africa’s richest man and the president of the continent’s most populous economy. Stung by accusations from his home nation’s government that he’s seeking a…
Nigeria’s Central Bank raises interest rate to 26.75% amid rising inflation, apex bank’s chief announces
Olayomi Koiki Abuja – The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%…
South Africa’s Ramaphosa enshrines climate targets into law
Bloomberg Cape Town – South African President Cyril Ramaphosa has signed a landmark bill that will compel all levels of government to take climate considerations into account when setting budgets…
Israel slams Beijing deal to include Hamas in post-war Gaza government
AFP Israel swiftly condemned an agreement brokered by China Tuesday which Beijing said would bring Hamas into a “national reconciliation government” for post-war Gaza. Foreign Minister Israel Katz insisted that…
WTO members push to expedite an Okonjo-Iweala second term bid
Bloomberg A sizable portion of World Trade Organization (WTO) members supported a move from a group of African countries pushing for Director-General Ngozi Okonjo-Iweala to expedite a run for a…
Nigeria’s fuel subsidy payment exceeds ₦700 billion monthly; marketers warn Nigerians should prepare for pump price hike
Olayomi Koiki Abuja – The Independent Petroleum Marketers Association of Nigeria (IPMAN), has said Nigeria’s fuel subsidy expenditure might cross N700 billion monthly. The Secretary of IPMAN, Abuja-Suleja, Mohammed Shuaibu…
Disparaging of Dangote very bad for Nigeria, says AfDB president Adesina
Morakinyo Akinosun The president of the African Development Bank Group, Akinwumi Adesina, has spoken out in defence of the Dangote Refinery, addressing concerns about potential monopolistic practices. In a statement…