Africa Business News

The Nigerian government says it will begin the distribution of $1.5bn cash to 15 million vulnerable households. The cash handout is aimed at alleviating the soaring food, fuel and commodity prices. , Finance Minister says each eligible household will get $32 in cash for a three-month period beginning this month. The government believes the vulnerable households represent 62 million Nigerians - in a country with a population of more than 200 million. However, questions have been raised about who qualifies for the handouts and how households will be chosen.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The People’s Republic of China has indicated its readiness to refinance and complete the Abuja-Kano, and Port-Harcourt-Maiduguri railway projects following a request by President Bola Tinubu. He says China had agreed to provide 85 per cent financing for the construction of the Abuja-Kano and Port-Harcourt-Maiduguri railway projects, while Nigeria which had the duty of paying the balance 15% paid its part of the funding from the inception of the project through appropriations. He stated that the crucial infrastructure also termed a legacy project has the China Civil Engineering Construction Corporation as the contractor named to execute the project.

The People’s Republic of China has indicated its readiness to refinance and complete the Abuja-Kano, and Port-Harcourt-Maiduguri railway projects following a request by President Bola Tinubu. He says China had agreed to provide 85 per cent financing for the construction of the Abuja-Kano and Port-Harcourt-Maiduguri railway projects, while Nigeria which had the duty of paying the balance 15% paid its part of the funding from the inception of the project through appropriations. He stated that the crucial infrastructure also termed a legacy project has the China Civil Engineering Construction Corporation as the contractor named to execute the project.

The People’s Republic of China has indicated its readiness to refinance and complete the Abuja-Kano, and Port-Harcourt-Maiduguri railway projects following a request by President Bola Tinubu. He says China had agreed to provide 85 per cent financing for the construction of the Abuja-Kano and Port-Harcourt-Maiduguri railway projects, while Nigeria which had the duty of paying the balance 15% paid its part of the funding from the inception of the project through appropriations. He stated that the crucial infrastructure also termed a legacy project has the China Civil Engineering Construction Corporation as the contractor named to execute the project.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The former lawmaker who represented Kogi West in the ninth Senate, Adeyemi Smart says President Bola Tinubu will throw out any minister who fails to perform in six months. The governorship aspirant in Kogi State described Tinubu as someone who will ask ministers to give a report to Nigerians. He says if persons nominated or given appointments don’t perform the president will show them the way out without leaving them for eight years or four years.

The former lawmaker who represented Kogi West in the ninth Senate, Adeyemi Smart says President Bola Tinubu will throw out any minister who fails to perform in six months. The governorship aspirant in Kogi State described Tinubu as someone who will ask ministers to give a report to Nigerians. He says if persons nominated or given appointments don’t perform the president will show them the way out without leaving them for eight years or four years.

The former lawmaker who represented Kogi West in the ninth Senate, Adeyemi Smart says President Bola Tinubu will throw out any minister who fails to perform in six months. The governorship aspirant in Kogi State described Tinubu as someone who will ask ministers to give a report to Nigerians. He says if persons nominated or given appointments don’t perform the president will show them the way out without leaving them for eight years or four years.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

Indonesia’s Constitutional Court has upheld the minimum age requirement for presidential and vice presidential candidates, shutting down the possibility President Joko Widodo’s eldest son could run for vice president next year. Chief Justice Anwar Usman, who is the president’s brother-in-law, led a panel of nine judges who rejected the petition to lower the minimum age to 35 years from 40. The judges say determining the age limit was up to lawmakers and that the petition had no reasoning according to law.

Indonesia’s Constitutional Court has upheld the minimum age requirement for presidential and vice presidential candidates, shutting down the possibility President Joko Widodo’s eldest son could run for vice president next year. Chief Justice Anwar Usman, who is the president’s brother-in-law, led a panel of nine judges who rejected the petition to lower the minimum age to 35 years from 40. The judges say determining the age limit was up to lawmakers and that the petition had no reasoning according to law.

Indonesia’s Constitutional Court has upheld the minimum age requirement for presidential and vice presidential candidates, shutting down the possibility President Joko Widodo’s eldest son could run for vice president next year. Chief Justice Anwar Usman, who is the president’s brother-in-law, led a panel of nine judges who rejected the petition to lower the minimum age to 35 years from 40. The judges say determining the age limit was up to lawmakers and that the petition had no reasoning according to law.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

President William Ruto has barred the issuing of permits to millers to import wheat or maize into the country. Ruto says the move is aimed at protecting local farmers. He said the government will only deviate from the directive if the local produce is insufficient. The president pointed out that the government will allocate U.S. $ 27 million to buy maize from farmers. He announced that National Cereals and Produce Board driers will be used to dry farmers' maize at a minimal fee of U.S.$0,34.

President William Ruto has barred the issuing of permits to millers to import wheat or maize into the country. Ruto says the move is aimed at protecting local farmers. He said the government will only deviate from the directive if the local produce is insufficient. The president pointed out that the government will allocate U.S. $ 27 million to buy maize from farmers. He announced that National Cereals and Produce Board driers will be used to dry farmers' maize at a minimal fee of U.S.$0,34.

President William Ruto has barred the issuing of permits to millers to import wheat or maize into the country. Ruto says the move is aimed at protecting local farmers. He said the government will only deviate from the directive if the local produce is insufficient. The president pointed out that the government will allocate U.S. $ 27 million to buy maize from farmers. He announced that National Cereals and Produce Board driers will be used to dry farmers' maize at a minimal fee of U.S.$0,34.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

Uganda and the Democratic Republic of Congo have agreed to mutually abolish visa requirements to allow visa-free travel between each country. The agreement is aimed at easing the movement of people and strengthening trade between the two countries. Uganda's President Yoweri Museveni says Crossing in East Africa should be cost-free. In May, he asked officials from both countries to speed up the process of introducing visa-free travel

Uganda and the Democratic Republic of Congo have agreed to mutually abolish visa requirements to allow visa-free travel between each country. The agreement is aimed at easing the movement of people and strengthening trade between the two countries. Uganda's President Yoweri Museveni says Crossing in East Africa should be cost-free. In May, he asked officials from both countries to speed up the process of introducing visa-free travel

Uganda and the Democratic Republic of Congo have agreed to mutually abolish visa requirements to allow visa-free travel between each country. The agreement is aimed at easing the movement of people and strengthening trade between the two countries. Uganda's President Yoweri Museveni says Crossing in East Africa should be cost-free. In May, he asked officials from both countries to speed up the process of introducing visa-free travelThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The federal government disclosed that it had concluded plans to secure a fresh $1.5 billion loan facility from the World Bank. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, pointed out that Nigeria has become almost number one on people's list when they want to look at where to invest. He promised that there would be a coordination of monetary and fiscal policies, just as he pledged that President Bola Tinubu's administration will not breach Ways and Means limits.

The federal government disclosed that it had concluded plans to secure a fresh $1.5 billion loan facility from the World Bank. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, pointed out that Nigeria has become almost number one on people's list when they want to look at where to invest. He promised that there would be a coordination of monetary and fiscal policies, just as he pledged that President Bola Tinubu's administration will not breach Ways and Means limits.

The federal government disclosed that it had concluded plans to secure a fresh $1.5 billion loan facility from the World Bank. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, pointed out that Nigeria has become almost number one on people's list when they want to look at where to invest. He promised that there would be a coordination of monetary and fiscal policies, just as he pledged that President Bola Tinubu's administration will not breach Ways and Means limits. This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement

The Nigerian National Petroleum Company Limited has begun buying petrol via cash tenders, rather than oil swaps, for the first time in nearly a decade. Shell Petroleum Development Company Limited has also disbursed N3.72 billion and an additional $12.32 million for host community development in compliance with the provisions of the Petroleum Industry Act. NNPC will pay the last debts owed under the long-running oil swaps by the end of next month. The shift is the result of efforts by President Bola Tinubu to eliminate costly fuel subsidies as part of broader reforms aimed at shoring up the country's struggling finances.