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DIASPORA WATCH, Vol 1, No. 7

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DIASPORA WATCH, Vol 1, No. 7

DIASPORA WATCH, Vol 1, No. 7

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Diaspora Watch: Your Trusted Source for Global News

Get Ready for the 7th Edition of Diaspora Watch!

The wait is over! We are thrilled to announce the arrival of the 7th edition of Diaspora Watch, your trusted source for news, events, and inspiring stories from the African diaspora. In this packed edition, we bring you the latest headlines from the United States, Nigeria, Ghana, the UK, India, Liberia, and Spain. From politics and corruption to sports and STEM, we have got you covered. Get ready to be informed, inspired, and connected to the global African community like never before. Dive into the 7th edition of Diaspora Watch now and experience the pulse of the African diaspora!

Global Headlines:

In a historic convention in North Carolina, USA, Mbaise USA elected a new president and honored ABC Transport and outstanding supporters, marking a new era of leadership and unity.

Meanwhile, in the aftermath of the Trump rally shooting, 20-year-old Thomas Crooks has been arrested, bringing relief to a nation concerned about violence and unrest. World leaders have condemned the incident, urging peace and unity.

In Nigeria, a shocking report reveals that officials received a staggering N721 billion in bribes in 2023 alone, exposing the depth of corruption in the country. Ghana has been identified as a major hub for stolen Western vehicles, sparking concerns about international crime syndicates.

The World Health Organization has issued a warning about the risks of avian flu, COVID-19, mpox, and health crises in conflict zones, urging global vigilance. In the UK, Dyson has announced plans to cut nearly a third of its workforce, citing economic challenges.

In India, billionaire tycoons have hosted an extravagant wedding celebration, dubbed the “wedding of the year”. Africa needs at least $6 billion annually to bridge the digital divide, according to a new report. Liberia marks 177 years of independence and resilience despite facing numerous challenges.

Nigeria’s debt has soared to a staggering N121 trillion, according to a government report. In sports, Spain has won a record fourth European football title, thrilling fans worldwide. Alex Otti has launched a N1 billion interest-free loan scheme for Abians, empowering entrepreneurs. Wendy Okolo, a 26-year-old Nigerian, is breaking barriers in STEM and inspiring young girls globally.

Get Your Copy of Diaspora Watch Today!*

Don’t miss out on this packed edition! Get your copy of Diaspora Watch now and stay informed about global news, events, and inspiring stories from the African diaspora.

Hard Copies Available in the USA and Nigeria

Digital Version Available on Our Platforms Worldwide

Happy reading!

Boniface Ihiasota Diaspora Watch News Paper Weekly
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About Diaspora Watch

Diaspora Watch is a weekly news publication of Excel Global Media Group.

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Business

Foreign Investment Outflow from NGX Rises by 250.86% in Q1’25

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Foreign investment outflow from the Nigerian stock market (NGXchange) has risen by 250.86 percent, Quarter-on-Quarter, QoQ, to N420.37 billion in the first Quarter, Q1’25, from N119.81 billion in the corresponding period of 2024, Q1’24.

The Nigerian Exchange Limited, NGX, disclosed this in its foreign portfolio report.

According to the report, foreign investment outflow also exceeded inflow by 20 percent or N20.11 billion in Q1’25. Despite the outflow, foreign investment inflow rose by 275 percent, Year-on-Year, YoY, to N349.97 billion in Q1’25 from N93.37 billion in Q1’24.

The NGX also revealed that N2.23 trillion equity transactions were recorded by both domestic and foreign investors in Q1’25.

The figure surpassed the N1.54 trillion recorded in the same period of 2024, representing an increase of N690 billion or 44.8 percent.

In March 2025, foreign transactions outperformed domestic transactions by circa 26 percent.

According to the NGX, foreign transactions increased significantly by 1,541 percent to N699.89 billion in March 2025 from N42.65 billion in February 2025.

On the other hand, domestic transactions decreased by 10.98 percent Month-on-Month, MoM, to N415.62 billion in March 2025 from N466.82 billion in February 2025.

Domestic inflow and outflow also declined in the reviewed period.

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Business

Liberia Woos Investors at 2025 Investment Conference

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Liberia’s Minister of Commerce and Industry, Magdalene E. Dagoseh, has highlighted the country’s immense investment potential at the 2025 Liberia Investment Conference.

The two-day forum, which brought together investors, policymakers, and business leaders, aimed to explore investment opportunities in Liberia.

Minister Dagoseh emphasized Liberia’s commitment to creating a conducive business environment, citing minimal financial barriers and a welcoming regulatory framework.

“Liberia is a place of authority of opportunity, where transformation can take place at all levels,” she stated.

The conference showcased Liberia’s investment potential in various sectors, including agriculture, mining, infrastructure, and services.

The agriculture sector, for instance, offers opportunities for investment in crop production, livestock farming, and agro-processing.

She remarked that by investing in Liberia, companies can tap into the country’s growing market and contribute to its economic development.

Diaspora Watch reports that Liberia aims to attract foreign investment, stimulate economic growth, and reduce poverty by showcasing its investment potential.

With its strategic location, natural resources, and growing economy, Liberia is an attractive destination for investors.

The 2025 Liberia Investment Conference marked a significant step towards achieving these goals, highlighting Liberia’s investment potential to a global audience.

Liberia’s investment potential is enormous, and the country is committed to creating a conducive business environment to attract investors and drive economic growth.

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Business

$5 Billion African Energy Bank Enters Final Phase

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The Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has announced that preparations for the launch of the $5 billion African Energy Bank (AEB) have entered their final phase.

Lokpobiri made the disclosure after a high-level review meeting in Abuja with President of Afreximbank, Professor Benedict Oramah, and Secretary-General of African Petroleum Producers’ Organisation (APPO), Dr Farouk Ibrahim.

According to Lokpobiri, key legal and governance frameworks have been concluded, while capital mobilisation discussions have recorded encouraging commitments from both member nations and private investors.

The AEB, headquartered in Abuja, seeks to mobilise capital for energy infrastructure projects across Africa.

“The AEB is poised to become a transformative financing platform for energy projects across the continent,” Lokpobiri said.

“This review confirms that every critical milestone is either completed or on schedule, and we remain fully aligned with our continental partners.”

APPO’s Ibrahim commended Nigeria’s dedication to meeting the stringent requirements for bank establishment, while Afreximbank’s Oramah stated that the bank was ready to deploy its structuring expertise and capital base to ensure AEB’s successful launch.

A definitive launch timeline and inaugural board meeting date have been fixed and will be announced shortly.

The AEB has an initial capital target of $5 billion, with plans to scale up to $120 billion subsequently.

In a separate event, Lokpobiri flagged off construction of the permanent site for Bauchi Oil and Gas Academy, Alkaleri (BOGAA), saying the move will contribute to the federal government’s human capacity development plan in the energy sector.

The minister highlighted President Bola Tinubu’s broader agenda to harness the full potential of Nigeria’s energy sector in driving economic prosperity, creating jobs, and enhancing national revenue.

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