Prime Business AfricaHere again, we present to you the Prime Business Africa top headlines of the week on business and economy, politics, and entertainment among others
Who’s Responsible For The Continued Flood Disasters In Nigeria?
In February 2023, weather forecasts showed that 178 local governments in 32 states and the Federal Capital Territory (FCT) were in the line of serious floods billed to set off in April 2023. Read more
Who’s Responsible For The Continued Flood Disasters In Nigeria?
Electricity Export: Togo, Niger, Benin Republic Owe Nigeria $18.29 Million
The Nigerian Electricity Regulatory Commission (NERC) reveals in its quarterly reports that it exported a total N23.5 billion ($50.9 million) of electricity, just as its international customers – Togo, Benin and Niger – failed to remit $18.29 million in 2022.
The debt amount ($18.29 million) represents the value of electricity supplied to the three neigbouring countries as electricity export in 2022 alone. Read more.
Electricity Export: Togo, Niger, Benin Republic Owe Nigeria $18.29 Million
The Need For Contactless Payments System In Nigeria
Contactless payments will soon arrive on Nigerian shores, about two decades after some advanced countries started using it. Despite the huge benefits, however, contactless payments also carry some risks. Read more
EFCC Arraigns Stella Oduah, Eight Others
The Economic and Financial Crimes Commission on Friday arraigned former Minister of Aviation, Senator Stella Oduah, before a Federal High Court in Abuja on 25 counts of money laundering. Read more
History Of Fuel Price Increase In Nigeria
In Nigeria, oil was reportedly first discovered in Oloibiri in Bayelsa State, Niger Delta, in 1956. The Organization of the Petroleum Export Countries (OPEC) says Nigeria currently has the world’s tenth-largest crude oil reserves and is the world’s thirteenth-largest producer of crude oil. Read more.
Sierra Leone: An Irony Of A Free But Flawed Elections
Following the June 24 multi-tier elections in Sierra Leone, the incumbent President, Julius Bio, was re-elected for a second term. Bio, who polled 56.17% of the vote, was able to avoid a presidential runoff, amidst a first term of run-away inflation, sky-high cost of living, and an unmentionably weak currency. Read more
Campus Journalism: How A Stanford Student Paper’s Report Leads To President’s Resignation
The departure of Stanford University’s president of seven years is traced back to stories written by Theo Baker in The Stanford Daily last December, Tom Jones writes in the Poynter. Read more
Campus Journalism: How A Stanford Student Paper’s Report Leads To President’s Resignation
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