The Assets Management Corporation of Nigeria (AMCON) has advised the Chairman of Arik Air, Johnson Arumemi-Ikide, to present a reasonable debt recovery plan in order to recover the airline.
The Managing Director of AMCON, Mr Ahmed Kuru, gave the advice at a media interactive session in Lagos State.
The News Agency of Nigeria (NAN) recalls that AMCON, the special debt recovery vehicle of the Federal Government, took over Arik Air in February 2017.
Mali, Burkina Faso and Niger have signed a mutual defence pact, as the three Sahel countries aim to help each other against possible threats of armed rebellion or external aggression.
The charter, known as the Alliance of Sahel States, signed on Saturday binds the signatories to assist one another – including militarily – in the event of an attack on any one of them.
Islamist militants have attacked a river boat in north-eastern Mali, killing at least 49 civilians, the interim government says.
They also reportedly attacked an army camp, killing 15 soldiers, while around 50 militants are said to have died.
The government has declared three days of national mourning.
Three years ago, Hussaini Abubakar feared the worst when armed men on motorbikes and in military camouflage stormed Damari, his village in Kaduna, northwest Nigeria.
Unlike the bandits who have been troubling the region over the last decade and whose terror routines Abubakar’s community knew too well, these attackers were different.
“They were Ansaru jihadists, and some of them are Boko Haram terrorists who are previously terrorising northeastern states,” the 37-year-old farmer told Al Jazeera.
The Economic Community of Central African States (ECCAS) has suspended Gabon's membership during an extraordinary summit in Djibloho, Equatorial Guinea, and condemned the use of force to resolve political conflicts.
One week after a coup ousted Gabon's president, Ali Bongo, little has been said about him and he hasn't been seen since a video in which he was pleading for international help.
Monday's extraordinary summit was held under the presidency of Equatorial Guinea President Teodoro Obiang Nguema Mbasogo.
The first Africa Climate Summit opens on Monday in Kenya to highlight the continent that will suffer the most from climate change while contributing the least.
Significant investment in Africa’s adaptation to climate change, including better forecasting, will be an urgent goal at the September 5-6 meeting.
At the heart of every issue on the agenda, from energy to agriculture, is the lack of data collection that drives decisions as crucial as when to plant – and when to flee.
African and international leaders will attend the African Climate Summit from September 4 to 6 in Nairobi, Kenya.
They will deliberate on Africa’s unified position on the climate crisis ahead of COP28, the global climate talks, in December and develop the Nairobi Declaration for green growth, a blueprint for Africa’s green energy transition.
Regional bloc ECOWAS is training political actors and stakeholders in Liberia to improve their dialogue and mediation skills as 2.5 million people in the West African nation prepares to decide the country’s new national leadership in a general elections on October 10.
Albert Ondo Ossa, Gabon’s main opposition candidate in the August 26 presidential election has claimed victory in the election while dismissing Wednesday’s coup in the oil-rich central African country as “a disappointment” and “family affair”.
Shortly after Ali Bongo, president of Gabon since 2009, was deposed by members of the Republican Guard, his personal security unit, he appeared in a short video, visibly frail and urging people to “make some noise” on his behalf.
