Govt Comes Up With Action Plan for Takeover of Distressed DISCOs

[This Day] Abuja -The Power Sector Recovery Programme (PSRP) recently developed by the federal government and the World Bank to revive Nigeria’s ailing power sector, has come up with an action plan for the sweeping restructuring of the 11 electricity d…

[This Day] Abuja -The Power Sector Recovery Programme (PSRP) recently developed by the federal government and the World Bank to revive Nigeria's ailing power sector, has come up with an action plan for the sweeping restructuring of the 11 electricity distribution companies (Discos) that would enable government to take over any Disco found to be insolvent.

source: AllAfrica News: Nigeria

Sonangol Must Focus On Its Core Business – Specialist

[ANGOP] Luanda -The new board of the state-owned National Fuel Society (Sonangol), led by Carlos Saturnino, besides the need to continue to implement policies to reduce costs, has also to do away with some of its businesses outside the oil sector.

[ANGOP] Luanda -The new board of the state-owned National Fuel Society (Sonangol), led by Carlos Saturnino, besides the need to continue to implement policies to reduce costs, has also to do away with some of its businesses outside the oil sector.

source: AllAfrica News: Angola

Expert Identifies Merger As Viable Option for Nigeria Airlines

[This Day] Former Secretary-General of Africa Airlines Association (AFRAA) and international aviation consultant, Nick Fadugba has attributed the stunted growth of the aviation industry in Nigeria to the small size of the country’s airlines, unprofitab…

[This Day] Former Secretary-General of Africa Airlines Association (AFRAA) and international aviation consultant, Nick Fadugba has attributed the stunted growth of the aviation industry in Nigeria to the small size of the country's airlines, unprofitable and very short lifespan.

source: AllAfrica News: Nigeria

CSOs Unseal Peace Corps Office to Enforce Court Judgment

[This Day] Abuja -Following the refusal of Inspector General of Police (IG), Ibrahim Idris, to unseal the headquarters of Peace Corps of Nigeria (PCN) as directed by Justice Kolawole of the Federal High Court, Abuja, the Coalition of Civil Society Orga…

[This Day] Abuja -Following the refusal of Inspector General of Police (IG), Ibrahim Idris, to unseal the headquarters of Peace Corps of Nigeria (PCN) as directed by Justice Kolawole of the Federal High Court, Abuja, the Coalition of Civil Society Organisations for Justice and Equity yesterday forced open the headquarters of the Corps.

source: AllAfrica News: Nigeria

Govt to Sign MoU With Boeing, Airbus On National Carrier, MRO – Sirika

[Daily Trust] The Minister of State for Aviation, Sen. Hadi Sirika says that the Federal Government is set to sign a Memorandum of Understanding (MoU) with Boeing on the establishment of a national carrier for Nigeria.

[Daily Trust] The Minister of State for Aviation, Sen. Hadi Sirika says that the Federal Government is set to sign a Memorandum of Understanding (MoU) with Boeing on the establishment of a national carrier for Nigeria.

source: AllAfrica News: Nigeria

Massive Youth Unemployment, Threat to Nigeria’s Future, Moghalu Warns

[This Day] A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu has warned that the “monster of millions of young men and women with no jobs is a fundamental threat to Nigeria’s future.”

[This Day] A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu has warned that the "monster of millions of young men and women with no jobs is a fundamental threat to Nigeria's future."

source: AllAfrica News: Nigeria

UK Bank Continues to Probe Its Links to Gupta Family

[Daily Maverick] HSBC will continue to review the bank’s exposure to alleged money laundering of the proceeds of State Capture in South Africa by the Gupta family. This follows Lord Hain’s questions to the UK’s Financial Conduct Authority pointing out …

[Daily Maverick] HSBC will continue to review the bank's exposure to alleged money laundering of the proceeds of State Capture in South Africa by the Gupta family. This follows Lord Hain's questions to the UK's Financial Conduct Authority pointing out that employees at the South African branch of the global banking giant had flagged suspicious transactions.

source: AllAfrica News: South Africa

Peace Requires More Than a Bigger UN Force

[ICG] The U.N. Security Coucil approved a resolution to extend the mandate of the U.N. Mission in the Central African Republic (MINUSCA) until 15 November 2018, also increasing the mission’s troop ceiling by 900. Richard Moncrieff, Project Director for…

[ICG] The U.N. Security Coucil approved a resolution to extend the mandate of the U.N. Mission in the Central African Republic (MINUSCA) until 15 November 2018, also increasing the mission's troop ceiling by 900. Richard Moncrieff, Project Director for Central Africa, states that the Central African Republic needs more than just troops to meet the country's security challenges.

source: AllAfrica News: Central African Republic