Browsing Tag

Reaching

Dangote Faces Potential Losses Reaching N32.5 Billion

In the labyrinthine world of commerce, decisions often lead to myriad outcomes. The Nigerian National Petroleum Company (NNPC) Limited recently made a pivotal choice, halting its innovative Naira-for-crude initiative. This development bears significant impacts on local refineries, not least because this initiative enabled transactions in the country's own currency—a bold strategy designed to mitigate complexities of foreign exchange. The decision to suspend the program emerged from reports…

Somali President Travels to Egypt After Reaching Accord with Ethiopia

MOGADISHU, Somalia — Somali President Hassan Sheikh Mohamud is gearing up to travel to the land of the Pharaohs, Egypt. This isn't just a casual sightseeing tour but a diplomatic mission designed to mend fences and forge pathways for collaboration, particularly following a groundbreaking pact with Ethiopia. According to whispers traveling through the diplomatic grapevine, as reported by Axadle, Mohamud's Egyptian sojourn comes hot on the heels of a diplomatic entente with Ethiopia. It seems Cairo wasn't all smiles…

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