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Nigeria’s inflation rate falls slightly in July

By XINHUA Nigeria’s inflation rate fell slightly to 17.38 percent in July, down from the 17.75 percent recorded in June, according to data released Tuesday by the National Bureau of Statistics (NBS). This fall between both months was 0.37 percent, the NBS said in its report. The inflation rate has been on a steady decline for

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CAF holds 2021 AFCON group stage draw

By David Ochieng Mbewa The Confederation of African Football (CAF) on Tuesday held the draw for the group stage of the 2021 Africa Cup of Nations (AFCON) at the Yaoundé Conference Centre in Yaoundé, Cameroon. The hosts and five-time champions Cameroon were drawn in Group A alongside 2013 finalists Burkina Faso, Ethiopia and Cape Verde. 2019

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Angola grants $894 million credit to real economy amid pandemic

By XINHUA Since last April, Angola has granted a total of 578.19 billion kwanzas (894 million U.S. dollars) in credit to the real economy, the National Bank of Angola (BNA) announced Monday. The amount disbursed by commercial banks until July totaled 326.82 billion kwanzas (505 million U.S. dollars), up 30.83 billion kwanzas (48 million U.S. dollars),

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Nigeria opens 2nd phase of COVID-19 vaccination

By XINHUA Nigeria on Monday started the second phase of the nationwide COVID-19 vaccination program. Over four million doses of the Moderna vaccine donated by the United States through the COVAX facility will be rolled out in this second phase of vaccination, said Boss Mustapha, secretary of the government of the federation, at a launching ceremony

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Nigeria moves to boost private investment with airports concession

By XINHUA The Nigerian government on Monday released a request for qualifications for the concession of four international airport terminals in an effort to encourage the private sector to participate in infrastructure investment in pursuit of healthy aviation growth. In a statement issued in Lagos, the largest city of Nigeria, Hassan Musa, permanent secretary of in

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