The United States and Nigeria have signed a memorandum of understanding (MoU) to repatriate $53 million in funds linked to former Minister of Petroleum Resources, Diezani Alison-Madueke. The agreement was formalized in Abuja, marking another milestone in efforts to recover stolen assets. The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN),…
The International Workplace Group (IWG) has signed a Memorandum of Understanding (MoU) with Chelsea Group Limited to convert parts of its properties into flexible workplaces, offering tailored office solutions within and outside Nigeria. Speaking at the MoU signing ceremony on Tuesday in Abuja, the Director of Chelsea Group Limited, Kenechi Chidolue, highlighted the novelty of…
The Federal Republic of Nigeria and the Kingdom of Saudi Arabia have established a partnership to extract iron ore and process steel in Nigeria. The partnership was initiated by the Minister of Solid Minerals Development, Dele Alake, and the Deputy Minister of Minerals and Energy of Saudi Arabia, Khalid Al-Musdaifer. This is contained in a…
China’s Ministry of Commerce (MOC) on Tuesday announced that it would impose temporary anti-dumping measures on brandy originating in the European Union (EU) by requiring importers to pay a cash deposit on purchase. The imported brandy originating in the EU involves dumping, the MOC said in its preliminary assessment publicised on Aug. 29 following an…
Shell has named a new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) He is Ronald Adams, formerly Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor Aiboni who proceeds on international assignment to Brunei Shell Petroleum (BSP) as Asset Director. Both appointments take…
The Federal Government has reaffirmed its commitment to fostering stronger partnership and deepened relations with the Organisation of African, Caribbean and Pacific States (OACPS). The spokesperson of the Vice-President Kashim Shettima, Mr Stanley Nkwocha, in a statement, said Shettima stated this during a high-level OACPS meeting chaired by Angola. The meeting was held on the…
Irish premier Simon Harris is to hold a bilateral meeting with the president of the Palestinian Authority, Mahmoud Abbas. It would be the first meeting between the duo since Ireland recognised the state of Palestine in May. They would discuss efforts for a ceasefire in the Middle East, efforts to release Israeli hostages and the…
Sri Lanka cabinet approved a proposal to establish a financial stability fund with an initial allocation of one billion Sri Lankan rupees (3.3 million U.S. dollars), the government’s information department said. President Ranil Wickremesinghe presented the proposal to the cabinet seeking approval to establish the fund, the department said on Tuesday. The Central Bank of…
The Russian-Angolan defence industry commission discussed a number of joint projects at the latest meeting, the African nation’s ambassador to Russia, Augusto da Silva Cunha said on sidelines of the Eastern Economic Forum. “The commission met late last year or early this year, if I remember correctly. as far as I know, several projects that…
The Chinese Government has pledged to remain committed to further deepening its cooperation with Africa in four key areas: strategic alignment, connectivity, new areas of cooperation, and coordination. This was disclosed by government officials at a joint news conference on Belt and Road cooperation between China and Africa, ahead of the 2024 summit of the…
