African Outlook Online

Falling Reserves: CBN Ousts Importation of Generators, Others From Official Forex

Falling Reserves: CBN Ousts Importation of Generators, Others From Official Forex

Naira depreciation worsens, loses 285k in interbank

Investors lose N1trn in four days on NSE

Determined to stem the continued decline in the nation’s external reserves, the Central Bank of Nigeria, CBN, yesterday excluded importation of generators and some items from purchase of foreign exchange from the official foreign exchange market.

Group Partners Osun Government on Industrialization of Ijesaland

Group Partners Osun Government on Industrialization of Ijesaland

By AfricanOutlook Reporter

Ijesaland Development Foundation (IDF), a Non-Government Organisation is to partner with the Osun State Government  to explore a summit which aimed on the industrialization of Ijesaland located in Osun State.

Vehicle Prices Rise as 70% Tariff Kicks Off July 1 in Nigeria

Vehicle Prices Rise as 70% Tariff Kicks Off July 1 in Nigeria

 

From Monday, a new car that was sold for N3 million before the Federal Government introduced the new automotive policy may now cost N5.1 million.  The full implementation of the policy which begins Tuesday (July 1) has put 70 per cent tariff on vehicles.

West Africa Must Confront Political Weaknesses to Curb Drugs Trade: Obasanjo

West Africa Must Confront Political Weaknesses to Curb Drugs Trade: Obasanjo

 

ACCRA (Reuters) - West Africa must openly confront its political and governance weaknesses to curb the growing drug trade in the region, former Nigerian President Olusegun Obasanjo said on Wednesday.

Why Africa Must be at Heart of Global Tax Reforms

Why Africa Must be at Heart of Global Tax Reforms

Illicit financial flows deprive Africa of billions of dollars each year, more than is received in overseas development aid or foreign direct investment combined.

 

By Kenneth Kazibwe

The UN High-level Panel on Illicit Financial Flows is charged with developing recommendations to end this flight of much-needed capital from Africa.