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Let Trade Run Free. Tie your currency to the US dollar. Align your foreign policy with America’s. The US and its Western partners wrote these economic rules, a cornerstone of the world order prevailing since World War II. Now developing countries, often called the Global South, are quietly revising them. The Global South sees a chance to chart its own future. Nirupama Menon Rao, a former Indian foreign secretary, points to her country’s spreading of digital payments to developing nations. “India’s outreach to countries in the Global South has been ­successful,” the one-time ambassador to the US told Bloomberg Television…
Nigeria tops the list of countries with the highest rate of unemployment, according to the latest statistics released by the World of Statistics. Nigeria led with 33.3 per cent, followed by another African country, South Africa 32.9 per cent, and Iran 15.55 per cent. The lowest rate of unemployment, according to the report, were in countries like Qatar: 0.1 per cent, Cambodia: 0.36 per cent, and Niger 0.5 per cent. According to the National Bureau of Statistics, the unemployment rate in Nigeria increased to 33.30 per cent in the fourth quarter of 2020 from 27.10 per cent in the second…
Federal government says it will no longer pursue the contempt suit filed against the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC). On July 26, NLC issued a seven-day ultimatum to the federal government to reverse all “anti-poor” and “insensitive” policies. The policies, the union said, include the recent hike in the price of petrol, and the sudden increase in public school fees, among others. The labour movements warned that they would go on strike and mass protests if the government failed to hearken to their demands. However, the federal government said the unions were restrained by an…
European carriers have reported disruptions and suspended flights across the African continent on Monday after Niger’s military government closed its airspace on Sunday. The military government is bracing for a response from the Economic Community of West African States (ECOWAS) after ignoring its deadline to reinstate the country’s ousted President Mohamed Bazoum or face the threat of military intervention. The disruption adds to a band of African airspace facing geopolitical disruptions including Libya and Sudan, with some flights facing up to 1,000km (620 miles) in detours. “The closure of Niger’s airspace dramatically widens the area over which most commercial flights…
Members of the Economic Community of West African States (ECOWAS) are not ready to stage a full-scale intervention in Niger, where a military junta has seized power, the Wall Street Journal reported on Sunday, citing sources. Last month, ECOWAS, a regional bloc comprising 15 countries, issued a seven-day ultimatum threatening military action against Niger’s plotters if they did not reinstate deposed President Mohamed Bazoum. The junta, however, refused to back down. The deadline for the ultimatum passed on Sunday with no sign of any armed intervention or mobilization in countries bordering Niger. Speaking to the WSJ, an unnamed senior commander…
Niger’s junta partially closed the country’s airspace, warning of an attack by a “foreign power” as a deadline passed on Sunday to reinstate ousted President Mohamed Bazoum. The deadline, imposed by West African neighbors, threatened intervention, though there was no sign of any military action as yet. Coup leaders said, however, action against them was unfolding. “The planning for this war was carried out,” junta spokesman Amadou Abdramane said on state broadcaster Tele Sahel. “A pre-deployment of forces to participate in this war has begun in two countries in central Africa.” He provided no further details. Niger on Sunday said…
Reports by JC Okechukwu: A few hours after signing a defense agreement with Niger Republic’s new military government, the head of Wagner PMC, Yevgeny Prigozhin gave his take on the situation in Niger and the subregion, and said that he sees all these struggles as “liberating,” calling France and the collective west “thieves.” On the major problems that led to the coup in Niger, Prigozin said, “I will answer what the basis for the change of power in Niger is. The basis is the economy. The population of Niger has been driven to poverty for a long time. For example,…
The senate has rejected President Bola Tinubu’s request for military intervention in the Republic of Niger. On Friday, Tinubu, who is the chairman of the Economic Community of West African States (ECOWAS) wrote to the National Assembly about the military intervention in Niger, following the coup that removed President Mohamed Bazoum. In the letter, Tinubu said the move to deploy military force was part of the bloc’s conclusions at the meeting held on Sunday in Abuja. ECOWAS had given Niger a week from Sunday to reinstate Bazoum or face harder sanctions. The regional body imposed sanctions on the coup leaders…
New military government seeks help from Wagner mercenaries against ECOWAS intervention, according to a report. Niger’s coup generals have asked for help from the Russian mercenary group Wagner as the deadline nears for it to release the country’s removed president or face possible military intervention by the West African regional bloc, a news report says. The request came during a visit by a coup leader – General Salifou Mody – to neighbouring Mali, where he made contact with someone from Wagner, Wassim Nasr, a journalist and senior research fellow at the Soufan Center, told The Associated Press. Three Malian sources…
Algeria is categorically against any military intervention in Niger, Ennahar TV said late on Saturday citing President Abdelmadjid Tebboune. "A military intervention could ignite the whole Sahel region and Algeria will not use force with its neighbours," Tabboune said in an interview with local media. Reuters
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Nigeria comes top in instant payment system inclusivity index in Africa

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Nigeria awarded 3-0 win over Libya after airport fiasco

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