News

On July 25, bulk carrier MV Wakashio struck a coral reef and ran aground in Pointe d’Esny, Southeast of Mauritius.  Before the MV Wakashio got grounded, the National Coast Guard (NCG) Radar Operators first spotted the Panama-flagged vessel at 11.5 nautical miles in the common sea route at 18:15 on July 25. Consequently, a series … Read more

The East African Community (EAC) is one of Africa’s most integrated regional blocs. However, the Covid-19 pandemic has caused massive disruption to both its internal and external trade During the initial stages of Covid-19, queues of lorries stretched up to 65km at the Kenya-Uganda border towns of Malaba and Busia. This is as a result … Read more

After the intervention of Hadi Sirika, the Nigerian aviation minister, Air Peace will recall some of the pilots it sacked. This was disclosed in an official statement released by Air Peace. The airline had previously laid off some of its pilots due to the economic impact of the Covid-19 pandemic. Nigerian airports were shut for … Read more

As global oil prices rallies, Nigerian stock lifted by gains in shares of energy companies has climbed to an eight-week high. Recovering after two days of losses, the main share index (Nigerian Stock Exchange) All-Share Index rose 1.04 per cent to 24,141.48.  Meanwhile, market capitalisation gained N134.5 billion. Brent crude was up 68 cents, or … Read more

According to the 2020 BTI report, Political and economic change in sub-Saharan Africa has remained largely stagnant since 2017. This is despite the much-publicised political shifts in Ethiopia and Zimbabwe.  Sub-Saharan Africa as a whole witnessed no significant changes to the overall levels of democracy, economic management and governance. These are the three main areas of … Read more