Saturday, February 8, 2020

Tag "AU"

    Buhari off to Ethiopia for AU summit

Buhari off to Ethiopia for AU summit

President Muhammadu Buhari is currently heading to Addis Ababa, Ethiopia, for the 33rd ordinary session of presidents and governments of the African Union. He is expected back in the country on Wednesday. Buhari will join leaders from the 55-member countries of the AU to participate in the summit themed: “Silencing the Guns: Creating Conducive Conditions for Africa’s Development.” On the margins of the [...]

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    48 groups petition UN, AU over Sowore’s arrest 

48 groups petition UN, AU over Sowore’s arrest 

At least 48 rights and press freedom organisations have petitioned the United Nations and the African Union over the detention of Omoyele Sowore. The activist, who was the presidential candidate of the African Action Congress (AAC) in the 2019 elections, was arrested over his planned nationwide #RevolutionNow protest. He was subsequently accused by the secret police of threatening public peace and safety [...]

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    World’s largest trade deal in 24 years, 1.2bn customers… five things to know about AfCFTA

World’s largest trade deal in 24 years, 1.2bn customers… five things to know about AfCFTA

President Muhammad Buhari has finally signed the African Continental Free Trade Area (AfCFTA) agreement. The president signed it at the 12th extraordinary session of the assembly of the union on AfCFTA and the first mid-year coordination meeting of the African Union (AU) and the regional economic communities (RECs) in Niamey, Niger Republic. Buhari had delayed signing the agreement, explaining that he needed [...]

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    Finally, Buhari signs AfCFTA

Finally, Buhari signs AfCFTA

President Muhammad Buhari has finally signed the African Continental Free Trade Area (AfCFTA) agreement. AfCFTA is a trade agreement between AU member states with the goal of creating a single market followed by free movement and a single-currency union. The president signed it at the 12th extraordinary session of the assembly of the union on AfCFTA and the first mid-year coordination meeting [...]

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    AU suspends Sudan over military crackdown

AU suspends Sudan over military crackdown

The African Union (AU), on Thursday, said it had suspended Sudan until a civilian government was formed, intensifying international pressure on the country’s new military rulers to give up power. “Ethiopia meanwhile will launch a mediation effort on Friday,’’ diplomatic sources in Khartoum said. The moves took place after security forces cleared protesters from a sit-in camp in central Khartoum on Monday. Security [...]

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    Dalung: Youth must be recognised as key actors in peacemaking

Dalung: Youth must be recognised as key actors in peacemaking

Solomon Dalung, minister of youths and sports, says efforts towards sustainable peace and security in Nigeria will remain a mirage if the youthful population is still perceived as perpetrators of violence. He spoke in Abuja at a continental study on "The Roles and Contributions of Youth to Peace and Security in Africa", organized by the African Union (AU) and supported by [...]

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    Okonjo-Iweala: Like Dangote, AU passport didn’t give me visa-free entry into all African countries

Okonjo-Iweala: Like Dangote, AU passport didn’t give me visa-free entry into all African countries

Ngozi Okonjo-Iweala, former minister of finance, has backed Aliko Dangote, Africa's richest man, on the need to rectify issues with the African Union passport. Okonjo-Iweala, showing appreciation to some African countries, explained that the unifying passport did not guarantee her visa-free entry into all African countries. Speaking in Abidjan over the weekend, Dangote said he, and a few other people, have got the African [...]

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    Hamzat Lawal, Follow The Money founder, to address presidents at AU high-level dialogue

Hamzat Lawal, Follow The Money founder, to address presidents at AU high-level dialogue

Hamzat Lawal, founder, Follow The Money, one of the largest citizen's movements on anti-corruption, is billed to speak to presidents and heads of states at the African Union high-level dialogue. Earlier this year, the African Union during its 30th assembly of heads of state and government held in Addis Ababa, Ethiopia, declared 2018 as the African Anti-Corruption year. This recognized the need [...]

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Obasanjo to chair inaugural Intra-Africa trade fair

Former Nigerian president Olusegun Obasanjo has been appointed as the chairman of the advisory council for the inaugural Intra-African trade fair scheduled for Cairo. Obi Emekekwue, director and global head, communications and events management department of the African Export-Import Bank (Afreximbank) said Obasanjo will chair the fair holding from Dec. 11 to Dec. 17. Jean-Louis Ekra, a former president of Afreximbank, is [...]

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    MAN: Why Nigeria must approach African free trade agreement with caution

MAN: Why Nigeria must approach African free trade agreement with caution

The Manufacturers Association of Nigeria (MAN) says Nigeria must be cautious before rushing into a free trade agreement with other African countries. Frank Jacob, president of MAN, urged the federal government to renegotiate trade conditions that will impede economic growth in its review of the Africa Continental Free Trade Area (AfCFTA) agreement. He said MAN is apprehensive that the rules of origin (ROO) [...]

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    Buhari heading to Cote d’Ivoire for EU-AU summit

Buhari heading to Cote d’Ivoire for EU-AU summit

President Muhammadu Buhari will be departing the country on Tuesday for the 5th European Union-African Union (EU-AU) summit in Abidjan, capital of Cote d'Ivoire. Two governors - Udom Emmanuel Akwa Ibom and Mohammed Abubakar (Bauchi) - are among those who would accompany the president. Femi Adesina, special adviser to the president on media and publicity, disclosed this in a statement. "The president will [...]

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    AU on Zimbabwe crisis: Military takeover seems like a coup

AU on Zimbabwe crisis: Military takeover seems like a coup

The African Union says the situation in Zimbabwe "seems like a coup" despite the military's insistence that the action was targeted at "criminals" around President Robert Mugabe. SB Moyo, a major general, had said: "We are only targeting criminals around him (Mugabe) who are committing crimes that are causing social and economic suffering in the country in order to bring them [...]

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    Osinbajo in Addis Ababa for AU summit

Osinbajo in Addis Ababa for AU summit

Acting President Yemi Osinbajo is representing Nigeria at the 29th ordinary session of the assembly of the African Union. Laolu Akande, senior special assistant to the vice president on media and publicity, confirmed the development on his Twitter handle on Monday. The summit is themed "Harnessing the Demographic Dividend through Investments in the Youth". Akande said the acting president is expected back in Abuja later [...]

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    EU to negotiate directly with AU — no longer with individual countries

EU to negotiate directly with AU — no longer with individual countries

Geoffrey Onyeama, the foreign affairs minister, says the African Union (AU) has resolved that the European Union (EU) will henceforth negotiate with AU as a body rather than with individual African countries. The minister disclosed this on Friday, in Abuja, at a press conference of the post-28th AU summit of head of states and government in Addis Ababa, Ethiopia. “AU is saying [...]

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    Ministers banned from representing presidents at AU summit

Ministers banned from representing presidents at AU summit

Alfa Conde, chairperson of the African Union (AU), has banned ministers from addressing the assembly of heads of states and governments at the union's summit. Speaking at the 28th AU summit in Addis Ababa, capital Ethiopia, Conde said the measure was part of the recommendations made at the previous AU summit in Kigali. He said ministers should be at the level of [...]

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Transfer power to Barrow now, AU tells Jammeh

The Africa Union (AU) has asked Yahya Jammeh, president of The Gambia, to transfer power Adama Barrow, who won the December 1 presidential election. Jammeh had called Barrow to congratulate him on his victory, ultimately conceding the election. But on Friday, he announced his rejection of the poll results, citing unacceptable errors. Reacting to the development on Saturday,  Nkosozana Dlamini-Zuma, AU commission chairperson, [...]

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Exchange Rates

February 04, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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