Business & Economy Bound

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in Libya's Mediterranean waters, three years after a maritime border deal that angered European nations. "We've signed a memorandum of understanding on exploration...

Niger has suspended the shipping of oil products through the Sahel nation to neighbouring Mali for "security reasons" in the face of a jihadist insurgency, customs sources told AFP Tuesday. An internal customs service note dated September 21 declared "the suspension...

Morocco's central bank on Tuesday raised interest rates by 50 basis points to 2.0 percent in an effort to slow down a surge in inflation. The Bank Al-Magrib (BAM), after a board meeting, said the economy remains "deeply marked by the aftermath of the (coronavirus)...

By Aminu Abubakar Nigeria rice farmer Adamu Garba squelched barefoot through his paddy fields, surveying damage from devastating floods that have destroyed farmland across the north of the country. Parts of West and central Africa have been battered by floods ravaging...