Africa Business News

The head of Sudan's paramilitary Rapid Support Forces, Mohamed Hamdan Dagalo, has pledged to support humanitarian organisations to deliver aid to those affected by the war. He says that RSF was ready to enhance collaboration and coordination to ensure a seamless provision of aid to those affected. The RSF chief also vowed to safeguard the aid and ensure ease of operations for humanitarian personnel. The Sudanese army and international rights organisations have on several occasions accused the RSF of obstructing the delivery of humanitarian aid.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 Association of Bureaux De Change Operators of Nigeria has urged the Central Bank of Nigeria to grant Bureaux De Change operators digital autonomy to achieve exchange rate convergence. The President, ABCON Dr. Aminu Gwadabe, called on the apex bank to grant a no-objection approval for the BDCs to fully go digital on all their operational correspondences. He says the move would promote rate convergence, curb volatility in the market and promote economic growth. He noted that granting digital autonomy to the operators, would lead to a true market rate discovery, enhance the achievement of the Federal Government harmonised foreign exchange rate policies, and promote effective monitoring of BDCs’ transactions for statutory and regulatory requirements.

The Association of Bureaux De Change Operators of Nigeria has urged the Central Bank of Nigeria to grant Bureaux De Change operators digital autonomy to achieve exchange rate convergence. The President, ABCON Dr. Aminu Gwadabe, called on the apex bank to grant a no-objection approval for the BDCs to fully go digital on all their operational correspondences. He says the move would promote rate convergence, curb volatility in the market and promote economic growth. He noted that granting digital autonomy to the operators, would lead to a true market rate discovery, enhance the achievement of the Federal Government harmonised foreign exchange rate policies, and promote effective monitoring of BDCs’ transactions for statutory and regulatory requirements.

The Association of Bureaux De Change Operators of Nigeria has urged the Central Bank of Nigeria to grant Bureaux De Change operators digital autonomy to achieve exchange rate convergence. The President, ABCON Dr. Aminu Gwadabe, called on the apex bank to grant a no-objection approval for the BDCs to fully go digital on all their operational correspondences. He says the move would promote rate convergence, curb volatility in the market and promote economic growth. He noted that granting digital autonomy to the operators, would lead to a true market rate discovery, enhance the achievement of the Federal Government harmonised foreign exchange rate policies, and promote effective monitoring of BDCs’ transactions for statutory and regulatory requirements.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

A Royal Navy warship, HMS Trent, arrived in Lagos to aid the fight against illegal activities including piracy and illicit trafficking in the sub-region. The British High Commission says the visit will help deliver capacity training and support maritime security in the region. HMS Trent’s mission is to support West African allies helping countries to develop capability to fight illegal crimes at sea and ensure they can play an effective role in bringing stability to wider West Africa. HMS Trent’s Commanding Officer, Commander Tim Langford, says is an honour for HMS TRENT to return to Nigeria, an important visit on the Ship’s three-month deployment to West Africa.

A Royal Navy warship, HMS Trent, arrived in Lagos to aid the fight against illegal activities including piracy and illicit trafficking in the sub-region. The British High Commission says the visit will help deliver capacity training and support maritime security in the region. HMS Trent’s mission is to support West African allies helping countries to develop capability to fight illegal crimes at sea and ensure they can play an effective role in bringing stability to wider West Africa. HMS Trent’s Commanding Officer, Commander Tim Langford, says is an honour for HMS TRENT to return to Nigeria, an important visit on the Ship’s three-month deployment to West Africa.

A Royal Navy warship, HMS Trent, arrived in Lagos to aid the fight against illegal activities including piracy and illicit trafficking in the sub-region. The British High Commission says the visit will help deliver capacity training and support maritime security in the region. HMS Trent’s mission is to support West African allies helping countries to develop capability to fight illegal crimes at sea and ensure they can play an effective role in bringing stability to wider West Africa. HMS Trent’s Commanding Officer, Commander Tim Langford, says is an honour for HMS TRENT to return to Nigeria, an important visit on the Ship’s three-month deployment to West Africa.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

A former Deputy Governor of CBN, Dr Tunde Lemo, says the Central Bank of Nigeria should abandon the merger of the parallel and official exchange rate. He says the naira is not an internationally convertible currency and a gap of not more than N50 should not worry the apex bank. Lemo stated that the gap had presented huge arbitrage opportunities. He further stated that there might be some issues with some of the government’s monetary policies.

A former Deputy Governor of CBN, Dr Tunde Lemo, says the Central Bank of Nigeria should abandon the merger of the parallel and official exchange rate. He says the naira is not an internationally convertible currency and a gap of not more than N50 should not worry the apex bank. Lemo stated that the gap had presented huge arbitrage opportunities. He further stated that there might be some issues with some of the government’s monetary policies.

A former Deputy Governor of CBN, Dr Tunde Lemo, says the Central Bank of Nigeria should abandon the merger of the parallel and official exchange rate. He says the naira is not an internationally convertible currency and a gap of not more than N50 should not worry the apex bank. Lemo stated that the gap had presented huge arbitrage opportunities. He further stated that there might be some issues with some of the government’s monetary policies.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 Federal Government has obtained a loan worth one hundred and sixty-three million dollars from the African Development Bank to scale up wheat production in the country. The vice president, Kashim Shettima, noted the Federal Government also needs ten thousand hectares of land in Kebbi State for the production of wheat. Shettima assured that President Bola Tinubu’s government will fulfill all promises made to Nigerians particularly in the area of agriculture to ensure food security in the country.

The Federal Government has obtained a loan worth one hundred and sixty-three million dollars from the African Development Bank to scale up wheat production in the country. The vice president, Kashim Shettima, noted the Federal Government also needs ten thousand hectares of land in Kebbi State for the production of wheat. Shettima assured that President Bola Tinubu’s government will fulfill all promises made to Nigerians particularly in the area of agriculture to ensure food security in the country.

The Federal Government has obtained a loan worth one hundred and sixty-three million dollars from the African Development Bank to scale up wheat production in the country. The vice president, Kashim Shettima, noted the Federal Government also needs ten thousand hectares of land in Kebbi State for the production of wheat. Shettima assured that President Bola Tinubu’s government will fulfill all promises made to Nigerians particularly in the area of agriculture to ensure food security in the country.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

Shares in Apple have fallen for a second day in a row after reports that Chinese government workers have been banned from using iPhones. The firm's stock market valuation has fallen by more than 6%, or almost $200bn in the last two days. The Wall Street Journal reported that Beijing had ordered central government agency officials to not bring iPhones into the office or use them for work. The ban may also be imposed on workers at state-owned companies and government-backed agencies. The reports came ahead of the launch of the iPhone 15, which is expected to take place on 12 September

Shares in Apple have fallen for a second day in a row after reports that Chinese government workers have been banned from using iPhones. The firm's stock market valuation has fallen by more than 6%, or almost $200bn in the last two days. The Wall Street Journal reported that Beijing had ordered central government agency officials to not bring iPhones into the office or use them for work. The ban may also be imposed on workers at state-owned companies and government-backed agencies. The reports came ahead of the launch of the iPhone 15, which is expected to take place on 12 September

Shares in Apple have fallen for a second day in a row after reports that Chinese government workers have been banned from using iPhones. The firm's stock market valuation has fallen by more than 6%, or almost $200bn in the last two days. The Wall Street Journal reported that Beijing had ordered central government agency officials to not bring iPhones into the office or use them for work. The ban may also be imposed on workers at state-owned companies and government-backed agencies. The reports came ahead of the launch of the iPhone 15, which is expected to take place on 12 SeptemberThis 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

US Secretary of State Antony Blinken announced $1 billion of aid during a surprise visit to Ukraine, which suffered a Russian strike that killed at least 17 people at a market. The attack, which President Volodymyr Zelensky described as deliberate and “heinous”, drew international condemnation from the West, including accusations of war crimes. Projectiles tore through the centre of Kostiantynivka — a town of nearly 70,000 people in the eastern Donetsk region — in one of the deadliest strikes in weeks.

US Secretary of State Antony Blinken announced $1 billion of aid during a surprise visit to Ukraine, which suffered a Russian strike that killed at least 17 people at a market. The attack, which President Volodymyr Zelensky described as deliberate and “heinous”, drew international condemnation from the West, including accusations of war crimes. Projectiles tore through the centre of Kostiantynivka — a town of nearly 70,000 people in the eastern Donetsk region — in one of the deadliest strikes in weeks.

US Secretary of State Antony Blinken announced $1 billion of aid during a surprise visit to Ukraine, which suffered a Russian strike that killed at least 17 people at a market. The attack, which President Volodymyr Zelensky described as deliberate and “heinous”, drew international condemnation from the West, including accusations of war crimes. Projectiles tore through the centre of Kostiantynivka — a town of nearly 70,000 people in the eastern Donetsk region — in one of the deadliest strikes in weeks.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

Niger's junta says it has reopened the country's airspace to commercial flights. Niger is more than twice the size of France and is the second-largest landlocked country in Africa, covering an area of 1,270,000 square kilometres Niger's rulers did not give an immediate explanation for the move to reopen the country's airspace. Prime Minister Ali Mahaman Lamine Zeine, says that Niamey hoped to reach a deal with ECOWAS. He however also underscored the junta's intention to defend itself if the bloc proceeds with its threat to mount a military intervention.