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West Africa

Wilmar Africa to shut down oil production plant

Wilmar Africa Limited, producers of Frytol Vegetable Oil and Fortune Rice, has announced the closure of its manufacturing plant. According to the company, its decision follows government’s introduction of the duty discount on benchmark value policy in 2019, which has…

Investors worry as Fitch downgrades Ghana’s credit rating

Investors in Ghana's bond market are worried about the country's ability to pay back commitment with a widening debt portfolio.  The concerns have heightened after International rating agency, Fitch, downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating to a ‘B-‘ from…

France backs EU sanctions against Mali

French foreign minister Jean-Yves Le Drian says the European Union will take sanctions against Mali today.  On Wednesday, the French minister for Europe said the sanctions are in line with the vigorous economic and diplomatic measures taken by ECOWAS in…

Nigeria lifts ban on Twitter after seven months suspension

The Nigerian government has lifted the suspension of Twitter operations in the country effective from today, January 13, 2022. The Director-General National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa made the disclosure in a statement released late Wednesday. Usman…