News

Nigeria has reduced the processing time for Certificates of Origin under the African Continental Free Trade Area (AfCFTA) from more than five days to 24 hours, in a move to make it easier for local businesses to access preferential trade opportunities across Africa.

NAFDAC Director-General, Prof. Mojisola Adeyeye, renewed the agency’s position on Wednesday during an interview on Channels Television’s Sunrise Daily, saying alcohol consumption is linked to banditry and warning about its effects on vital organs including the brain, kidneys and liver.

Nomba, an African digital bank focused on businesses, has secured a $3 million debt facility from CardinalStone Finance Company as it expands its cross-border payment infrastructure and strengthens financial links between African markets and Asia.

The IRGC said its naval forces seized the underwater drone in what it described as a complex intelligence and operational mission, while Iranian state media released images of the vessel.

Brent crude, the international benchmark for oil trading, climbed about 2.7 percent to trade at approximately $100.57 per barrel for November delivery contracts, while the US benchmark, West Texas Intermediate (WTI), rose nearly 2 per cent to around $95 per barrel.

The presidential candidate of the Social Democratic Party (SDP), Adewole Adebayo, has promised that every Nigerian household will generate its own electricity under his presidency, unveiling an ambitious plan to install between 11 and 15 kilowatts of rooftop solar power across the country within 11 months of assuming office if elected in the 2027 general election.

The Nigerian Meteorological Agency (NiMet) has ordered states vulnerable to flash flooding to activate their emergency response systems immediately as it forecast widespread thunderstorms, heavy rainfall and strong winds across the country from Wednesday to Friday.

The Nigeria Immigration Service (NIS), Adamawa State Command, has arrested two suspected members of a kidnapping syndicate and recovered ₦34 million in cash believed to have been earmarked as ransom.

The warning is contained in an analysis by Nairobi-based Senior Finance Business Partner, Brian Muloni, titled “Exodus Generation: Why Are Africa’s Young People Heading West?”

President Bola Ahmed Tinubu’s administration has announced more than $50 billion in investment commitments since taking office in May 2023, but actual Foreign Direct Investment (FDI) inflows have remained a fraction of the pledged amount.