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Nigeria, Others Top Africa’s $95bn Remittance Inflows

Nigeria, Others Top Africa's $95bn Remittance Inflows   Nigeria, Egypt, and Morocco have been listed as the highest recipients of the $95bn remittance into the African continent in 2024. This was revealed in the State of Africa’s Infrastructure Report 2025 published by the Africa Finance Corporation. The report...

UAE Joins $25bn Nigeria-Morocco Gas Pipeline Project

UAE Joins $25bn Nigeria-Morocco Gas Pipeline Project   The United Arab Emirates (UAE) has agreed to contribute to a huge gas pipeline project that will connect Nigeria to Morocco and eventually reach Europe. Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, told lawmakers on Tuesday...

Egypt, Nigeria, Morocco Receive 61.2% Remittances in Africa

Egypt, Nigeria, Morocco Receive 61.2% Remittances in Africa . The Mo Ibrahim Foundation, an African non-grant foundation, says Egypt, Nigeria, and Morocco receive 61.1 percent of remittances into Africa. The foundation disclosed this in its 2024 forum report, titled, ‘Financing Africa. Where is the Money?’ Published on June...

Nigeria, Morocco In Talks to Expedite ₦425bn Gas Pipeline Project

Nigeria, Morocco In Talks to Expedite ₦425bn Gas Pipeline Project The Nigerian government has intensified discussions with the Kingdom of Morocco to fast-track the Final Investment Decision, FID, on the Nigeria-Morocco Gas Pipeline. A statement signed by the Corporate Communications Officer, Nigerian National Petroleum Company Limited,...

Nigeria, Morocco Commence 5,600km Gas Pipeline Project

Nigeria, Morocco Commence 5,600km Gas Pipeline Project The Nigerian National Petroleum Company Limited and the Office National des Hydrocarbures et des Mines of Morocco, on Thursday, signed the Memorandum of Understanding for the commencement of construction of the 5,600km Nigeria-Morocco gas pipeline. NNPC said the much-awaited...

Despite COVID-19, Africa Records $80bn Diaspora Remittances

Despite COVID-19, Africa Records $80bn Diaspora Remittances       Diaspora remittances to Africa as a whole have increased to over $80 billion despite the COVID-19 impact on economies worldwide, and against the backdrop of a fall in remittances worldwide. However, remittances to Nigeria dropped by 27.7 percent in...