Economic growth in Africa picked up steam last year and is set to accelerate strongly in 2018, but "massive investments" are needed in infrastructure, the African Development Bank (ADB) said Wednesday.
Growth in Africa rose from 2.2 percent in 2016 to 3.6 percent in 2017 and is likely to rise to 4.1 percent in 2018 and 2019, the ADB said in itsRead more
Economic growth in Africa picked up steam last year and is set to accelerate strongly in 2018, but "massive investments" are needed in infrastructure, the African Development Bank (ADB) said Wednesday.
Growth in Africa rose from 2.2 percent in 2016 to 3.6 percent in 2017 and is likely to rise to 4.1 percent in 2018 and 2019, the ADB saidRead more
Two Americans and two Canadians have been kidnapped and two Nigerian police escorts killed in an ambush in northern Kaduna state, police said Wednesday, in the latest abduction targeting foreigners.
State police spokesman Mukhtar Aliyu said "unknown armed men" seized the four North Americans on the road to Abuja at 7:00 pm (1800 GMT) on Tuesday.
"They engaged in aRead more
Italian giant Eni and fellow petroleum company Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria.
A judge in Milan ordered Eni, Shell and key figures such as Eni chief Claudio Descalzi and his predecessor Paolo Scaroni to stand trial in proceedings to begin March 5.Read more
Amnesty International on Tuesday called for Shell to be prosecuted for allegedly helping Nigeria's military to commit human rights abuses in the oil-rich south in the 1990s.
The London-based global rights watchdog said the oil giant should be tried in Nigeria, as well as Britain and Netherlands where it has its head office.
Shell's Nigerian subsidiary strongly denied the charges,Read more
At least 30 people were killed when farmers attacked Fulani herdsmen in northeast Nigeria's Adamawa state, police said Wednesday.
State police spokesman Othman Abubakar said the attack on the Fulani communities in the Numan district happened on MondayRead more
Twelve people were killed Wednesday evening after four suicide bombers struck in the regional capital of Maiduguri in northeast Nigeria, rescue workers told AFP.
Two men and two women blew themselves up in the Muna neighbourhood at around 1700 GMT, the head of Borno State's emergency response agency, Bello Dambatta saidRead more