Nigeria | Africatime
Wednesday 22 March 2017

Nigeria

(AFP (eng) 03/22/17)
At least 46 people were killed and almost 100 others wounded in clashes between rival ethnic groups in southwest Nigeria earlier this month, police said on Wednesday. Special forces were deployed to the city of Ile-Ife in Osun state following two days of violence that broke out between local Yoruba and Hausa people on March 7, Nigeria's national police spokesman Moshood Jimoh told AFP. "The casualty figures are 46 dead and 96 wounded in the violence in Ile-Ife. Of those injured, 81 had been treated while 15 are still in the hospital," Jimoh said.
(AFP (eng) 03/22/17)
Suicide bomb blasts rocked a camp for migrants who have fled Boko Haram insurgents near Nigeria's restive northeastern city of Maiduguri early Wednesday, officials said. "There were four explosions inside the camp," the coordinator of the Muna camp Tijjani Lumani told AFP. "The bombers struck at different locations around 4:30 am. "The explosions triggered fires which burned down many tents", he said, adding that casualties details were not known. The emergency services confirmed the attacks. "There were some suicide explosions in Muna camp. Our men have mobilised to the scene," Ibrahim Abduljkadir of the National Emergency Management
(AFP (eng) 03/22/17)
A Nigerian rights group on Tuesday called for an investigation into "attacks" on the Amnesty International office in Abuja following heavy criticism by the country's military. Protesters had surrounded the Amnesty office in the Nigerian capital on Monday and Tuesday, demanding that the London-based rights group leave the country immediately. The demonstration comes less than a month after the Nigerian military issued a press statement urging Amnesty to "desist from meddling into security issues in our country which is inimical...
(Reuters (Eng) 03/22/17)
The president of Nigeria's upper house of parliament is to be investigated by lawmakers over allegations that he attempted to evade payment of customs duties on a car, after parliamentarians voted on Tuesday to examine the matter. The allegations, which could lead to Senate President Bukola Saraki, Nigeria's third-ranking official and a member of President Muhammadu Buhari's party, being impeached if found guilty, are the latest in a series of such claims leveled at him. He has denied any wrongdoing...
(AFP (eng) 03/21/17)
Gunmen killed 17 people, mostly women and children, after invading a farming community in central Nigeria, police said Tuesday, the latest violence linked to grazing rights disputes. The attack in Benue State occurred Monday, state police spokesman Moses Yamu told AFP, saying attackers on motorcycles and in a car opened fire on a market and set buildings on fire. "There was indeed an attack yesterday afternoon on a market in Zaki Biyam by unknown persons. Seventeen people were killed and 11 injured by the gunmen," Yamu said. "We have not made any arrests and we are yet to find out the motive for the
(Bloomberg 03/21/17)
Faced with a contracting economy, surging inflation and a rigid exchange rate, Nigeria’s central bank will have little choice but to keep its key interest rate unchanged on Tuesday. The Monetary Policy Committee led by Governor Godwin Emefiele has held the policy rate at 14 percent since July and is unlikely to make a change, according to all 17 economists and analysts surveyed by Bloomberg. Foreign-exchange policy has become a common agenda-item for the committee as the nation maintains a...
(AFP (eng) 03/21/17)
More than 2,600 Nigerians who fled into northern Cameroon to escape Boko Haram jihadists have been forced to go home since the start of the year, the UN said Tuesday. Thousands of Nigerians have been displaced by the Boko Haram insurgency, which has seen deadly attacks since 2009 in pursuit of a caliphate in northern Nigeria. Some 85,000 have sought refuge in Cameroon but the UN refugee agency said many had been sent back, with officials citing security reasons. "So...
(Reuters (Eng) 03/21/17)
Nigeria's central bank will leave its benchmark interest rate unchanged on Tuesday to try and curtail high inflation as Africa's top economy grapples with its first recession in 25 years, a Reuters poll found on Friday. But in a sharp turnaround from a January survey, the median from the poll projects a 100 basis-point cut to 13.0 percent in the third quarter and an identical chop in the last months of 2017. In January, no cuts were predicted this year...
(Xinhuanet 03/21/17)
Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, Minister for Solid Minerals Development, Kayode Fayemi said Monday. In a statement made available to Xinhua in Lagos, Nigeria's economic hub, the minister ascribed the feat to Dangote Cement which spearheaded the backward integration policy introduced by the government. The minister who leads a team of the federal government to the Dangote Cement plants in Ibese, Ogun State, said the government is happy...
(Vanguard 03/21/17)
The divestments of international oil companies, IOCs from Nigerian assets appear to be beneficial to indigenous operators as three independents Aiteo, Eroton and Newcross, collectively produced about 200,000 barrels per day (bpd) at peak, close to the end of 2016. Aiteo Eastern Exploration and Production, the operator of the Oil Mining Lease (OML) 29, reported gross production of 92,000bpd in October 2016, figures in the Nigerian National Petroleum Corporation, NNPC’s December 2016 report showed. production shut-in Eroton Exploration and Production,...
(Reuters (Eng) 03/21/17)
The demolition of homes in a shanty town in Nigeria's commercial capital, Lagos, in defiance of a court order, has left thousands of people homeless and raised eviction fears among a further 300,000 slum dwellers, residents and activists said on Monday. The homes of nearly 4,700 people in the Otodo Gbame waterfront slum were destroyed on Friday by bulldozers as security forces used teargas and gunfire to clear the area, said several rights groups, including Amnesty International. The razing came...
(Premium Times 03/21/17)
A group of protesters on Monday barricaded the Abuja office of Amnesty International and asked the international organisation to quit Nigeria within 24 hours. Speaking for the protesters, Melvin Ejeh warned that the group would lead other Nigerians on a five-day Occupy Amnesty International protest as a first warning, if the organisation does not shut down its operations and leave Nigeria in the next 24 hours. “Let us warn at this point that there will be no interval of respite...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly...
(Agence Ecofin 03/20/17)
Nigerian Senate President, Bukola Saraki, has announced plans by the National Assembly to put a legal framework expected to actualize the bilateral agreements between Nigeria and Morocco, in place. This he assured during a meeting with the President of the Morrocan House of Councillors, Abdelhakim Benchamach, and the President of Moroccan House of Representatives, Habib El-Malki, last weekend. Let’s recall that Nigeria signed several bilateral agreements with Morocco during the recent state visit by the King of Morocco to the country. These agreements were signed in the areas of agriculture, energy and gas as well as the trans-African gas pipeline project.
(Agence Ecofin 03/20/17)
The World Bank plans to commit $57 billion in investment in Nigeria and 52 other countries in the sub-Saharan African region for the next three years. According to the institution, $45 billion will come from the International Development Association (IDA), while an estimated $8 billion which is to injected in private sector will come from the International Finance Corporation (IFC). The remaining $4 billion will come from the International Bank for Reconstruction and Development. “In December, development partners agreed to...
(This Day Live 03/20/17)
Based on extant Senate rules, the upper legislative chamber will not reconsider Mr. Ibrahim Magu as the substantive Chairman of Economic and Financial Crimes Commission (EFCC) should he be re-nominated. Citing Senate Rules, Order 131, Senator Dino Melaye (Kogi West) said President Muhammadu Buhari could not validly re-nominate Magu for the job again as the provision would not allow members consider his nomination, having been rejected at a senate session. Order 131 of the Senate Rules states that, ”nominations neither...
(Bloomberg 03/20/17)
GreenWish Partners, a Paris-based independent power producer, will invest $280 million to build solar-power plants in Nigeria that are expected to start producing electricity in the first quarter of next year. A plant in the southeastern state of Enugu will produce 100 megawatts, while the company will build two others of 50 megawatts each in the northern Kaduna and Jigawa states, Chief Executive Officer Charlotte Aubin-Kalaidjian said in an interview in Lagos. The project will be funded 70 percent through...
(This Day Live 03/20/17)
Desirous of ensuring monetary and fiscal collaboration in order to turn the economy around, managers of the economy from the Central Bank of Nigeria (CBN), the Ministries of Finance, Budget and National Planning, and Industry, Trade and Investment confirmed THISDAY’s exclusive report on Sunday of their meeting in Abuja at the weekend to harmonise their policy perspectives. Speaking at the opening of the two-day Monetary Policy Committee (MPC) retreat at the CBN headquarters in Abuja, with the theme: “Pathway to...
(Premium Times 03/20/17)
The presidential spokesperson, Garba Shehu, says efforts to get the nation out of its present economic challenges are beginning to yield positive results, especially in agriculture. The presidential aide said this in Abuja on Sunday. According to him, an increase in the volume of rice production and processing across the country is already saving the country a lot of foreign exchange. Mr. Shehu, who is the Senior Special Assistant on Media and Publicity to the President, said that Nigeria only...
(News24 03/20/17)
At least five large black bags containing bundles of cash valued at $155 000 were reportedly seized at a Nigerian airport last week. Nigeria's anti-graft agency, the Economic and Financial Crimes Commission (EFCC) said on its website that the cash, in the local naira currency, was still sealed when it was discovered near the check-in points at the Kaduna airport. The anti-graft unit said that the bags were found during a regular screening, and the five bags were "unattended and...

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(AFP (eng) 03/22/17)
At least 46 people were killed and almost 100 others wounded in clashes between rival ethnic groups in southwest Nigeria earlier this month, police said on Wednesday. Special forces were deployed to the city of Ile-Ife in Osun state following two days of violence that broke out between local Yoruba and Hausa people on March 7, Nigeria's national police spokesman Moshood Jimoh told AFP. "The casualty figures are 46 dead and 96 wounded in the violence in Ile-Ife. Of those injured, 81 had been treated while 15 are still in the hospital," Jimoh said.
(AFP (eng) 03/22/17)
Suicide bomb blasts rocked a camp for migrants who have fled Boko Haram insurgents near Nigeria's restive northeastern city of Maiduguri early Wednesday, officials said. "There were four explosions inside the camp," the coordinator of the Muna camp Tijjani Lumani told AFP. "The bombers struck at different locations around 4:30 am. "The explosions triggered fires which burned down many tents", he said, adding that casualties details were not known. The emergency services confirmed the attacks. "There were some suicide explosions in Muna camp. Our men have mobilised to the scene," Ibrahim Abduljkadir of the National Emergency Management
(AFP (eng) 03/22/17)
A Nigerian rights group on Tuesday called for an investigation into "attacks" on the Amnesty International office in Abuja following heavy criticism by the country's military. Protesters had surrounded the Amnesty office in the Nigerian capital on Monday and Tuesday, demanding that the London-based rights group leave the country immediately. The demonstration comes less than a month after the Nigerian military issued a press statement urging Amnesty to "desist from meddling into security issues in our country which is inimical...
(AFP (eng) 03/21/17)
Gunmen killed 17 people, mostly women and children, after invading a farming community in central Nigeria, police said Tuesday, the latest violence linked to grazing rights disputes. The attack in Benue State occurred Monday, state police spokesman Moses Yamu told AFP, saying attackers on motorcycles and in a car opened fire on a market and set buildings on fire. "There was indeed an attack yesterday afternoon on a market in Zaki Biyam by unknown persons. Seventeen people were killed and 11 injured by the gunmen," Yamu said. "We have not made any arrests and we are yet to find out the motive for the
(AFP (eng) 03/21/17)
More than 2,600 Nigerians who fled into northern Cameroon to escape Boko Haram jihadists have been forced to go home since the start of the year, the UN said Tuesday. Thousands of Nigerians have been displaced by the Boko Haram insurgency, which has seen deadly attacks since 2009 in pursuit of a caliphate in northern Nigeria. Some 85,000 have sought refuge in Cameroon but the UN refugee agency said many had been sent back, with officials citing security reasons. "So...
(Reuters (Eng) 03/21/17)
The demolition of homes in a shanty town in Nigeria's commercial capital, Lagos, in defiance of a court order, has left thousands of people homeless and raised eviction fears among a further 300,000 slum dwellers, residents and activists said on Monday. The homes of nearly 4,700 people in the Otodo Gbame waterfront slum were destroyed on Friday by bulldozers as security forces used teargas and gunfire to clear the area, said several rights groups, including Amnesty International. The razing came...
(Premium Times 03/21/17)
A group of protesters on Monday barricaded the Abuja office of Amnesty International and asked the international organisation to quit Nigeria within 24 hours. Speaking for the protesters, Melvin Ejeh warned that the group would lead other Nigerians on a five-day Occupy Amnesty International protest as a first warning, if the organisation does not shut down its operations and leave Nigeria in the next 24 hours. “Let us warn at this point that there will be no interval of respite...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly...
(News24 03/20/17)
At least five large black bags containing bundles of cash valued at $155 000 were reportedly seized at a Nigerian airport last week. Nigeria's anti-graft agency, the Economic and Financial Crimes Commission (EFCC) said on its website that the cash, in the local naira currency, was still sealed when it was discovered near the check-in points at the Kaduna airport. The anti-graft unit said that the bags were found during a regular screening, and the five bags were "unattended and...
(Reuters (Eng) 03/18/17)
Nigeria's amnesty program which provides vocational training and stipends to former militants who attacked oil facilities in its Niger Delta energy hub is struggling with a shortfall of funds, a special adviser to the president said. The government has been in talks with militants to end the attacks which cut Nigeria's output by 700,000 barrels a day (bpd) for several months last year, reducing total production at that time to about 1.2 million bpd. It has since climbed. Under the...
(This Day Live 03/17/17)
Justice Baba Yusuf of the Abuja High Court has said that two sets of charges brought against former National Security Adviser (NSA), Colonel Sambo Dasuki (rtd) cannot be consolidated because of so many defendants involved in the charges. The judge said the two charges, if merged would make the trial difficult for the court to manage and therefore declined to consolidate the charges. Delivering ruling in a motion argued by Dasuki, in which he prayed the court to consolidate the...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(AFP (eng) 03/16/17)
The former boss of Nigeria's state-run oil company was remanded in custody on fraud charges on Thursday, after nearly $10 million in cash was found at a property he owns. Andrew Yakubu, the ex-group managing director of the Nigerian National Petroleum Corporation (NNPC), was charged with money laundering and fraud when he appeared in court in Abuja. The charges relate to the discovery by the Economic and Financial Crimes Commission of $9.8 million (9.2 million euros) and £74,000 ($91,000, 85,000...
(AFP (eng) 03/16/17)
Boko Haram Islamists have raided a town in restive northeast Nigeria, looting food supplies and burning homes after overwhelming troops, residents told AFP on Thursday. The attack late on Wednesday happened in Magumeri, some 50 kilometres (30 miles) northwest of the Borno state capital, Maiduguri. It came after a lull in raids on major towns in the remote region following sweeping military offensives which Nigeria has claimed has severely weakened the jihadists to the point of defeat. Scores of Boko Haram fighters arrived in Magumeri at about 6:30 pm (1730 GMT) in vans, motorcycles and on foot, firing heavy weapons and rocket-propelled grenades, forcing residents to flee.
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(AFP (eng) 03/15/17)
Four female suicide bombers blew themselves up near a bus station in northeastern Nigeria early Wednesday, killing two people, the country's disaster agency said. The National Emergency Management Agency (NEMA) said the blasts occurred at about 1:15 am (0015 GMT) in the Usmanti area on the outskirts of Maiduguri, a city which has been hit by several similar attacks in recent weeks. "Two men were killed due to the explosion while about 16 injured people were administered first aid," the...
(Reuters (Eng) 03/15/17)
Four female teenage suicide bombers killed two people and injured 16 others in a residential area in the northeast Nigerian city of Maiduguri, a disaster agency spokesman said on Wednesday. The girls knocked on the door of a house and then detonated their devices, a representative of the state-run emergency service in Borno State said. The focus on individual homes is a new tactic. The blasts in the Muna Garage area, on the edge of the city worst hit by...
(Xinhuanet 03/15/17)
Five people, including four female teenage suicide bombers, died in an early morning attack in a village near Maiduguri, the capital of Nigeria's northeastern state of Borno, local police confirmed on Wednesday. The attackers, who targeted the local Usmanti village, killed a local chief and injured 16 local residents, according to Damian Chukwu, the Borno State police chief. He said the villagers made effort to stop the attackers who quickly detonated the explosives wrapped around their bodies. The National Emergency...
(AL Jazeera 03/15/17)
'Early warning' system established between two countries after spate of xenophobic attacks on migrants in South Africa. South Africa says it will launch an "early warning" system with Nigeria to track and deter xenophobic attacks following a surge in violence in the rainbow nation. South Africa's Foreign Minister Maite Nkoana-Mashabane said the new monitor would "help prevent violence" against foreigners and their businesses as she met with Geoffrey Onyeama, her Nigerian counterpart on Monday. Last month, more than 20 shops...
(Reuters (Eng) 03/15/17)
Islamist militant sect Boko Haram on Tuesday released a video purporting to show the execution of three men the group accused of being Nigerian military spies. The seven-minute clip, the first online video posted in two years of an execution said to be by Boko Haram, showed three men wearing orange jumpsuits. One is decapitated by masked men while the other two are shot. The masked men criticize President Muhammadu Buhari and Nigeria's military campaign against Boko Haram's eight-year long...

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(Bloomberg 03/21/17)
Faced with a contracting economy, surging inflation and a rigid exchange rate, Nigeria’s central bank will have little choice but to keep its key interest rate unchanged on Tuesday. The Monetary Policy Committee led by Governor Godwin Emefiele has held the policy rate at 14 percent since July and is unlikely to make a change, according to all 17 economists and analysts surveyed by Bloomberg. Foreign-exchange policy has become a common agenda-item for the committee as the nation maintains a managed currency float and has stopped importers of goods it deems non-essential from buying dollars on the official market. While this has contributed to a rapid increase in consumer prices, Emefiele said on March 11...
(Reuters (Eng) 03/21/17)
Nigeria's central bank will leave its benchmark interest rate unchanged on Tuesday to try and curtail high inflation as Africa's top economy grapples with its first recession in 25 years, a Reuters poll found on Friday. But in a sharp turnaround from a January survey, the median from the poll projects a 100 basis-point cut to 13.0 percent in the third quarter and an identical chop in the last months of 2017. In January, no cuts were predicted this year. The change in view comes just days after the United States Federal Reserve increased borrowing costs, prompting many other central banks to follow suit. One of the 13 economists polled said a cut would come next week but the remaining...
(Xinhuanet 03/21/17)
Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, Minister for Solid Minerals Development, Kayode Fayemi said Monday. In a statement made available to Xinhua in Lagos, Nigeria's economic hub, the minister ascribed the feat to Dangote Cement which spearheaded the backward integration policy introduced by the government. The minister who leads a team of the federal government to the Dangote Cement plants in Ibese, Ogun State, said the government is happy...
(Vanguard 03/21/17)
The divestments of international oil companies, IOCs from Nigerian assets appear to be beneficial to indigenous operators as three independents Aiteo, Eroton and Newcross, collectively produced about 200,000 barrels per day (bpd) at peak, close to the end of 2016. Aiteo Eastern Exploration and Production, the operator of the Oil Mining Lease (OML) 29, reported gross production of 92,000bpd in October 2016, figures in the Nigerian National Petroleum Corporation, NNPC’s December 2016 report showed. production shut-in Eroton Exploration and Production,...
(Agence Ecofin 03/20/17)
Nigerian Senate President, Bukola Saraki, has announced plans by the National Assembly to put a legal framework expected to actualize the bilateral agreements between Nigeria and Morocco, in place. This he assured during a meeting with the President of the Morrocan House of Councillors, Abdelhakim Benchamach, and the President of Moroccan House of Representatives, Habib El-Malki, last weekend. Let’s recall that Nigeria signed several bilateral agreements with Morocco during the recent state visit by the King of Morocco to the country. These agreements were signed in the areas of agriculture, energy and gas as well as the trans-African gas pipeline project.
(Agence Ecofin 03/20/17)
The World Bank plans to commit $57 billion in investment in Nigeria and 52 other countries in the sub-Saharan African region for the next three years. According to the institution, $45 billion will come from the International Development Association (IDA), while an estimated $8 billion which is to injected in private sector will come from the International Finance Corporation (IFC). The remaining $4 billion will come from the International Bank for Reconstruction and Development. “In December, development partners agreed to...
(Bloomberg 03/20/17)
GreenWish Partners, a Paris-based independent power producer, will invest $280 million to build solar-power plants in Nigeria that are expected to start producing electricity in the first quarter of next year. A plant in the southeastern state of Enugu will produce 100 megawatts, while the company will build two others of 50 megawatts each in the northern Kaduna and Jigawa states, Chief Executive Officer Charlotte Aubin-Kalaidjian said in an interview in Lagos. The project will be funded 70 percent through...
(This Day Live 03/20/17)
Desirous of ensuring monetary and fiscal collaboration in order to turn the economy around, managers of the economy from the Central Bank of Nigeria (CBN), the Ministries of Finance, Budget and National Planning, and Industry, Trade and Investment confirmed THISDAY’s exclusive report on Sunday of their meeting in Abuja at the weekend to harmonise their policy perspectives. Speaking at the opening of the two-day Monetary Policy Committee (MPC) retreat at the CBN headquarters in Abuja, with the theme: “Pathway to...
(Premium Times 03/20/17)
The presidential spokesperson, Garba Shehu, says efforts to get the nation out of its present economic challenges are beginning to yield positive results, especially in agriculture. The presidential aide said this in Abuja on Sunday. According to him, an increase in the volume of rice production and processing across the country is already saving the country a lot of foreign exchange. Mr. Shehu, who is the Senior Special Assistant on Media and Publicity to the President, said that Nigeria only...
(Agence Ecofin 03/20/17)
Recent data from the Central Bank of Nigeria (CBN) has shown that Nigeria’s external reserves increased by $58 million to $30.23 billion on March 14, 2017. According to the data, the reserves were lingering between $29 billion and $30 billion this month. Although the apex bank is yet to disclose the reasons behind the recent increase, experts attribute the rise to a steady increase in global oil prices, amongst others. “As indicated in earlier Exchange Rate analysis, the external reserves...
(Premium Times 03/20/17)
The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spearheaded the “backward integration policy” introduced by the government. The Minister for Solid Minerals Development, Kayode Fayemi, who led a government team to the Dangote Cement plants in Ibese, Ogun State, at the weekend, said the government was happy with the leadership role played by Dangote Cement in executing...
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years,...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Vanguard 03/17/17)
The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager in Nigeria, International Finance Corporation, a member of the group, made the observation in an interview with journalsits in Lagos on Thursday. "In our perspective and with the numbers that we have seen coming from the World Bank and the International Monetary Fund (IMF), Nigeria's economy has recorded about one per cent real growth. "That is a bit lower than government's expectation which is about 2.2 per cent growth for 2017.
(This Day Live 03/17/17)
Despite allegations that some state governors diverted the first tranche of London-Paris Club refunds which was released to the states last year to enable them offset the salary arrears of their workers, President Muhammadu Buhari on Thursday asked the Minister of Finance, Mrs. Kemi Adeosun, and the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to immediately release the second tranche of the London-Paris Club refunds to the states to ease their financial difficulties. The president, according...
(Daily Trust 03/17/17)
Lagos — 60 per cent of workforce of the distressed Aero Contractors may have been shown the way out following dwindling operations by the airline which is the oldest in the country. The workers who are over 1000 according to Daily Trust findings were issued letters of redundancy this week in a step to reduce operational cost. It would be recalled that the airline established in 1959, resumed operations in December 21 2016 after about four months of self-imposed closure...
(Agence Ecofin 03/16/17)
Chinese investment in Nigeria reached $13billion in 2016, according to the Deputy Ambassador of China to Nigeria, Jin Ping. Ping disclosed this on Tuesday when he led a delegation to the National Assembly to strengthen the bilateral ties between both countries. He said China is committed to Nigeria’s development and has demonstrated this through projects such as the $1.3billion Lagos-Ibadan Railway Project, rice mills distribution project worth $326million and the $984million Zungeru Hydro-Electricity Project funded by China EXIM Bank, amongst others.
(Agence Ecofin 03/16/17)
The President of Nigeria, Muhammadu Buhari (photo) has written to the National Assembly to seek for approval to issue an additional $500 million Eurobond to fund capital projects in the 2017 budget. This was revealed during a Senate session on Wednesday. The leader’s demand follows the oversubscription of a similar bond worth $1B approved earlier this year by the Senate, also to finance budget. Last month, the Vice President, Yemi Osinbajo, also asked the parliament to approve the issuance of...
(Reuters (Eng) 03/16/17)
Nigerian President Muhammadu Buhari marked his return last week from medical leave in London with a rare appearance at a meeting on Thursday of members of the economic body that advises the government. Buhari attended a meeting of the National Economic Council, which is chaired by Vice President Yemi Osinbajo and whose members include state governors, the central bank governor and the finance minister. He does not usually attend NEC meetings. During Buhari's seven-week absence, when Osinbajo was acting president,...
(Agence Ecofin 03/16/17)
In line with vows to generate 25% of Nigeria’s total power capacity before the end of 2018, Transcorp Power Limited on Monday commissioned a new 115 MW Gas Turbine (GT 15) at its Power Plant in Ughelli, Delta state. This brings the total operating capacity of the plant to 620 MW. “With the successful commissioning and synchronizing of the turbine to the national grid, it has increased the available capacity of our plant from 160 MW (at the time of...

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(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines of a briefing by 2018 Games hosts Gold Coast on Wednesday. "Durban has hosted some great events, it is a fantastic city and are wonderful warm hosts with bright ambitions and great aspirations. "However, it...
(AFP (eng) 03/06/17)
Nigerian center Festus Ezeli, who has yet to play for the NBA's Portland Trail Blazers, will miss the full campaign after undergoing left knee surgery in the next few days. The team announced Sunday that the 27-year-old African, a Golden State Warriors reserve on their 2015 NBA championship squad and the 2016 team that won an NBA record 73 games, would undergo the operation next week in Vail, Colorado. Ezeli signed a two-year contract worth $15.2 million with the Trail Blazers in the off-season after being dropped by the Warriors following their deal with superstar forward Kevin Durant. But Ezeli struggled with pre-season knee issues and never played for the Blazers before being ruled out for the remainder of the...
(AFP (eng) 03/03/17)
Former Nigerian football supremo Amos Adamu on Friday blamed what he said was the FIFA "mafia" for his two-year ban from the game for ethics violations. Adamu, who sat on the world governing body's executive committee and was West African Football Union president from 2008-10, was excluded from all football-related activity from February 28. The 62-year-old was previously handed a three-year ban in 2010 for accepting bribes in relation to the bidding process for the 2018 and 2022 World Cups...
(AFP (eng) 03/01/17)
Nigeria looks likely to back Confederation of African Football president Issa Hayatou for re-election, despite the personal preferences of the head of the country's football association. Sports minister Solomon Dalung told a meeting of the Nigerian Football Federation (NFF) executive committee they would vote in "Nigerian interest" at next month's vote. Long-time CAF boss Hayatou is seeking another term of office but NFF president Amaju Pinnick has said his preferred candidate was Madagascar's Ahmad Ahmad. Dalung indicated that by "Nigerian...
(Reuters (Eng) 02/18/17)
Seven suspected Boko Haram militants blew themselves on the outskirts of a northeast Nigerian city on Friday, a local aid agency said, in an attack witnesses said targeted refugees preparing to return to their home villages. The bombing took place outside Maiduguri, the population center at the heart of a government campaign to eradicate the Islamist group, whose more than seven-year insurgency has killed 15,000 people and forced some two million from their homes. The Borno State Emergency Management Agency said eight members of a local militia, the civilian Joint Task Force, were wounded in the attack, which underscored Boko Haram's ability to continue to operate despite the government's insistence
(Daily Trust 02/15/17)
Super Falcons forward Asisat Oshoala has left Women’s Super League One club Arsenal Ladies in England to join Chinese side Dalian Quanjian. The 22-year-old won the BBC’s Women’s Footballer of the Year Award in 2015 before joining Arsenal from Liverpool. She helped the Gunners win the Women’s FA Cup at Wembley in May and recently won the 2016 African Women’s Player of the Year Award. Oshoala also played for Nigeria at the 2015 FIFA Women’s World Cup in Canada. The...
(AFP (eng) 02/13/17)
Enugu Rangers and Rivers United of Nigeria were among the happiest clubs after the first matches of the 2017 CAF Champions League at the weekend, even though neither won. Rangers and United faced tough preliminary round away assignments at JS Saoura of Algeria and Real Bamako of Mali respectively, and both drew to leave themselves well placed to progress. The return matches will be staged this weekend in Nigeria with places in the second and final qualifying round up for...
(Xinhuanet 02/13/17)
Nigeria and Egypt will lead 14 other African countries to this year's International Table Tennis Federation (ITTF) World Championships holding in Dusseldorf, Germany. The qualification of the participating teams was based on their attendance of continental tournament held in Agadir, Morocco in 2016, while other African countries that will join Nigeria and Egypt for the tournament are Algeria, Botswana, Cameroon, Congo Brazzaville, Cote d'Ivoire, Gabon, Libya, Morocco, South Africa, Senegal, Sierra Leone, Sudan, Togo and Tunisia. According to the list...
(AFP (eng) 02/10/17)
Up to 18 players at the just-completed Africa Cup of Nations could be involved in the new-look CAF Champions League when it kicks off this weekend. Among them is Georges Bokwe, one of two unused goalkeepers in the Cameroon squad that defeated Egypt in the final last Sunday in Gabon. Bokwe was kept out of the starting line-up by the consistent brilliance of Spain-based Fabrice Ondoa, who was included in the team of the tournament. But Bokwe is the first...
(AFP (eng) 02/07/17)
World football's governing body FIFA on Tuesday said it had extended a ban on five officials who have been involved in a leadership battle for control of the game in Nigeria. FIFA said its disciplinary committee had "decided to extend the five-year ban from taking part in any kind of football-related activity" on Chris Giwa and four others. The ban would apply worldwide, it said in a statement on its website. Giwa, the former owner of Giwa FC in the...
(AFP (eng) 02/01/17)
Nigerian international striker Odion Ighalo became the latest Premier League player to head to China when Watford agreed to sell him to Changchun Yatai for a reported club record £20million ($25m, 23.3m euros) on Tuesday. The 27-year-old -- capped 12 times -- enjoyed a superb season for the Hornets last term scoring 17 goals on their return to the Premier League and also reaching the FA Cup semi-finals. He was rewarded with a new five-year contract last August but this...
(AFP (eng) 01/12/17)
Nigeria boast one of the strongest current national teams in Africa, but will not be among the 16 countries challenging for the 2017 Africa Cup of Nations title from Saturday. The 'Super Eagles' were much less formidable early last year and taking only one point of a possible six against Egypt condemned them to second place in a qualifying group. Ordinarily, Nigeria could have squeezed through as one of the best two runners-up, but the withdrawal of Chad reduced the...
(Premium Times 01/10/17)
FIFA President Gianni Infantino has written to NFF President Amaju Pinnick to commiserate with Nigeria over the killing of former youth international Douglas Uzama. In a letter dated January 6 and personally signed by him, the FIFA head wrote: “I would like to express my deepest sympathy on hearing the news of the tragic passing of Nigerian youth international Douglas Uzama. “On behalf of FIFA and the worldwide family of football, please allow me to extend my deepest condolences to...
(AFP (eng) 01/09/17)
Gabon witnessed one of the most sensational finishes to an Africa Cup of Nations tournament when no-hopers Zambia stunned the Ivory Coast to win the 2012 final. Zambia failed to qualify this time, but the Ivorians will be among the favourites again when the competition returns to the central African state with the first fixtures scheduled for Saturday. AFP Sport rates the chances of the 16 challengers for the $4 million (3.8 million euros) first prize (last three competitive results...
(This Day Live 01/06/17)
Nigeria midfielder John Obi Mikel has become the latest big name player to join the Chinese Super League gold rush after leaving Chelsea for Tianjin Teda, Reuters reported on Friday. Mikel, who failed to make a single appearance for Antonio Conte’s side this season, had a medical in the port city some 130 kilometres from Beijing on Thursday and the Asian Football Confederation confirmed the deal on Friday. The 29-year-old, who spent more than a decade at Stamford Bridge, was...
(AFP (eng) 01/04/17)
Premier League champions Leicester are set to sign defensive midfielder Wilfred Ndidi from Belgian club Genk to fill the gap left by the influential N'Golo Kante. The Nigerian international has agreed a five-and-a-half-year contract and his move for a reported £15 million ($18 million, 17 million euros) will be officially rubber-stamped once a work permit is granted. The 20-year-old has already undergone a medical at Leicester and hopes to complete his move to the King Power Stadium later this week...
(The Guardian Nigeria 12/31/16)
The challenges, the trials and tribulations faced by all Nigerians in 2016, a year which, to say the least, was hard for them, I strongly believe, are a necessary crucible of fire the country needed to pass through in order to emerge on the other side well refined and shining like gold. The government of President Buhari may not have done things the best way, or even in ways that most people think they should, but that should not detract...
(Vanguard 12/27/16)
One of the major problems inhibiting the development Nigerian football is paucity of funds. The NFF has failed to meet several financial obligations to players and coaches of the national teams and recently, players of the Super Falcons staged a sit in protest in their hotel, in Abuja after their triumph at the Africa Women Cup of Nations tournament. Former Nigeria international, Henry Nwosu believes the solution to the frequent poor state of finances of the NFF. He said the...
(AFP (eng) 12/23/16)
Somewhere out there is a new Nwankwo Kanu or a Jay-Jay Okocha, but it is not easy for the thousands of pretenders to become Nigeria's newest football hero to get a foot on the ladder. There are hundreds of football academies across the country of 180 million people but few put their star-struck trainees on the road to a contract in Europe. Each week, more than 400 aspiring heroes aged between six and 18 attend the Barcelona football academy in...
(AFP (eng) 12/21/16)
FIFA's Ethics Committee has opened proceedings against Nigeria's Amos Adamu for an ethics violation, the world football governing body said on Tuesday. Adamu has already served a three-year ban from all football-related activities for accepting bribes in relation to the attribution of the 2018 World Cup to Russia and 2022 tournament to Qatar. He now faces another two-year suspension and 20,000 Swiss franc fine ($19,445, 18,724 euros) for further ethics violations, a FIFA statement said. An investigation into Adamu, a...

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(Voice of America 03/09/17)
Lagos has long been known as Nigeria’s pop culture hub. It’s the home of Nigeria's film industry, Nollywood, as well as many of the country’s top musicians and artists. But a group of rappers and fashion designers is creating a scene of their own in Kaduna, in northern Nigeria, some 600 kilometers from Lagos. Kaduna's is the new center of Nigeria’s growing hip-hop culture. DJ Jakes Tudu is cranking out jams on his weekly radio show, playing the latest tunes from local rap artists. Hip-hop music has taken over Nigeria’s pop music scene. Rappers like Morell, DJ AB, Kheengz, and Classiq are part of a new generation of rappers. They hail from Kaduna and they’re...
(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to the West, criticism of the International Monetary Fund and World Bank, and pride in being African. One of 20 feature-length movies on show at the Panafrican Film and Television Festival (Fespaco) in Burkina Faso's capital Ouagadougou, the movie was punctuated...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset...
(AFP (eng) 02/21/17)
Nollywood film "The Wedding Party" has shown Nigerian cinema at the top of its game, with its success at the box office taking it to new audiences across Africa and the world. The country may well be in recession but Nollywood, which churns out some 2,000 films a year and is the world's second-biggest film industry outside India, has never been healthier. "The Wedding Party" is a madcap, glamorous comedy telling the story of the marriage of Dunny and Dozie, despite the misgivings of their families' rivalries. One family is Igbo and the other Yoruba -- two of the main ethnic groups in Nigeria.
(Reuters (Eng) 01/24/17)
Nigerian musician Femi Kuti on Monday urged his fellow celebrities and their fans to take to social media and pressure the government to do more to help millions of people struggling to survive in Boko Haram-hit northeast Nigeria. The Lagos-based Afrobeat star said he wanted to raise awareness among young Nigerians and encourage them to demand a greater humanitarian response, having visited Maiduguri, the capital of Borno state, on Monday. "People need to have a sense of the reality in...
(AFP (eng) 01/19/17)
Pioneering Nigerian electro-funk musician William Onyeabor, who amassed a following among the world's pop stars but remained reclusive and enigmatic, has died. He was 70. His record label Luaka Bop announced his death on Wednesday, saying that Onyeabor died in his sleep this week at his home in Enugu, in the country's southeast. Before exploding on the international stage late in his career, Onyeabor introduced synthesisers into Nigerian pop and travelled the world to learn do-it-yourself record-making. From 1977 to...
(Youtube 01/05/17)
 
00:00
Nigerian leaders and current Vice President singing hymn for a greater, united and peaceful Nigeria in the year 2017. Singing Isaac Watts hymn, “Our God, Our Help in Ages Past,” were the former Head of State, Gen. Yakubu Gowon; Former President Olusegun Obasanjo; Former Chairman of Nigeria Interim Government, Ernest Shonekan, Former Vice President Alex Ekwueme; Former Chief of Staff, Real Admiral, Ebitu Ukiwe, General Oladipo Diya and the current Vice President, Yemi Osinbajo.
(APA 12/22/16)
The release of Nigeria’s ex-governor from UK prison and the five per cent commission to encourage whistle blowing were some of the most trending stories in newspapers on Thursday. This Day reported that there was wild jubilation in Delta State and especially in Oghara, the hometown of a former governor of the Delta State, Chief James Onanefe Ibori, who regained his freedom yesterday after a British court ordered his immediate release, having served five and a half years of his...
(APA 12/20/16)
The press in Ghana on Tuesday focused on heavy vehicular traffic preceding the Christmas and handing over notes presented to the transition team. The Daily Graphic says business in Accra has been slowed down by heavy vehicular traffic on the principal streets in Accra. This according to the paper, increased the traveling hours, leaving commuters bound for the Central Business District for various trading activities stranded. The Ghanaian Times on the other hand said Government has handed over notes to...
(APA 12/20/16)
The closure of the Abuja international airport for six weeks and the inclusion of N288 billion looted funds in the 2017 budget were some of the trending stories in Nigerian newspapers on Tuesday. This day reported that the Minister of State for Aviation, Mr. Hadi Sirika, Monday declared that the Nnamdi Azikiwe International Airport (NAIA) in Abuja would be closed between February and March next year to allow Julius Berger carry out repairs on the damaged runway. Nation said that...
(APA 12/16/16)
The Senate's refusal to approve the appointment of the anti-corruption boss and China's plan to truncate the $29 billion loan plan of Nigeria dominate the headlines of Nigerian newspapers on Friday. This Day newspaper reported that a damning report by the Department of State Security (DSS) exposing the alleged double life, sabotage and corruption of the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, has been cited as the reasons by the Senate for its...
(APA 12/06/16)
The Nigerian Government's ban on the importation of new and second hand vehicles through land borders dominates the headlines of Nigerian newspapers on Tuesday. The Sun newspaper screamed that the government took importers of vehicles by surprise on Monday when it banned the importation of vehicles through the land borders with effect from January 1, 2017. The Punch newspaper said the government on Monday announced that 571,000 tonnes of foreign rice warehoused in neighbouring countries were being targeted for the...
(APA 11/26/16)
The conduct of the Ondo State governorship election, kidnap of children in Abuja and the death of former Cuban leader Fidel Castro dominate the headlines of Nigerian newspapers on Saturday. The Guardian reported that there was palpable tension in Ondo State on Friday as residents prepare to exercise their franchise to elect the next governor of the state. All public institutions and banks were closed while the state government declared public holiday for schools and civil servants to prepare for...
(APA 11/17/16)
The National Assembly's consideration of virement request of President Muhammadu Buhari and Presidency's complaint about militants' failure to respect peace dominate the headlines of Nigerian newspapers on Thursday. The Sun newspaper reported that facts emerged on Wednesday why the National Assembly opted to give accelerated consideration to President Muhammadu Buhari's request for N180 billion virement to fund 2016 budget. The Punch newspaper said the Presidency has said that despite the Federal Government's effort at pursuing dialogue with the Niger Delta...
(APA 11/14/16)
The reorganisation of the Peoples Democratic Party (PDP) and the militants' reasons for continued attacks on oil installations dominate the headlines of Nigerian newspapers on Monday. The Daily Sun newspaper reported that Taraba State Governor Darius Ishaku declared at the weekend that a brand new Peoples Democratic Party (PDP) will evolve from the reorganisation process going on in the party. The Punch newspaper said no fewer than seven residents of Otodo Gbame, an Egun community in the Lekki Phase 1...
(APA 11/11/16)
The swearing-in of the Acting Chief Justice of Nigeria and the restructuring of the aviation sector are some of the leading stories in Nigerian newspapers on Friday. The Vanguard newspaper reported that President Muhammadu Buhari has sworn in Walter Samuel Onnoghen from Cross River State, as the Acting Chief Justice of Nigeria. Justice Onnoghen on Thursday vowed to continue with the fight against corruption in the judiciary, the Guardian reported. Onnoghen's inauguration by President Buhari followed the expiration of the...
(AFP (eng) 11/07/16)
Princess Elizabeth Olowu, 77, sits on the sofa in her small living room, rubbing bronze sculptures with lemon juice to make them shine. Her eldest daughter Peju Layiwola, 49, is showing off her latest contemporary art sculptures on the screen of her Apple laptop. "Now I have evolved to other materials but I started with bronze," she explains. "It was easier for me, my mother already paved the way for females to be bronze casters." It was bronze art that...
(APA 11/03/16)
The return of looted N1 billion by former Comptroller General of Customs and the attack on crude oil pipeline by unidentified militant group are some of the leading stories in Nigerian newspapers of Thursday. The Punch newspaper reported that a former Comptroller-General of the Nigeria Customs Service, Alhaji Abdullahi Dikko, has returned N1.04bn to the Federal Government. It said a yet-to-be identified militant group in Niger Delta on Tuesday reportedly brought down two major crude oil delivery lines supplying the...
(AFP (eng) 10/27/16)
Karl Lagerfeld once sniffed that "no one wants to see curvy women" on the runway, but a wave of Nigerian designers are proving him wrong. The opening night of Lagos Fashion and Design Week on Wednesday featured five designers showcasing plus-size collections in a defiant celebration of all things curvy. "Everyone is entitled to their own opinion, but if he was in Africa, he probably wouldn't make that statement," designer Aisha Abubakar Achonu told AFP backstage. Achonu, a regal 32-year-old...
(APA 10/26/16)
The bombing of Chevron's export oil pipeline and the defense of former National Security Adviser over misapplication of $2.1 billion arms money dominate the headlines of Nigerian newspapers on Wednesday. This Day newspaper reported that after about three months of quiet, the Niger Delta Avengers resumed the destruction of oil and gas infrastructure yesterday, when it bombed a Chevron-operated export pipeline at Escravos in Warri South Local Government Area of Delta State. The newspaper reported that President Muhammadu Buhari has...

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(Bloomberg 03/21/17)
Faced with a contracting economy, surging inflation and a rigid exchange rate, Nigeria’s central bank will have little choice but to keep its key interest rate unchanged on Tuesday. The Monetary Policy Committee led by Governor Godwin Emefiele has held the policy rate at 14 percent since July and is unlikely to make a change, according to all 17 economists and analysts surveyed by Bloomberg. Foreign-exchange policy has become a common agenda-item for the committee as the nation maintains a managed currency float and has stopped importers of goods it deems non-essential from buying dollars on the official market. While this has contributed to a rapid increase in consumer prices, Emefiele said on March 11...
(Bloomberg 03/20/17)
GreenWish Partners, a Paris-based independent power producer, will invest $280 million to build solar-power plants in Nigeria that are expected to start producing electricity in the first quarter of next year. A plant in the southeastern state of Enugu will produce 100 megawatts, while the company will build two others of 50 megawatts each in the northern Kaduna and Jigawa states, Chief Executive Officer Charlotte Aubin-Kalaidjian said in an interview in Lagos. The project will be funded 70 percent through debt and 30 percent through equity and on completion will provide power to 2.5 million people, she said. “We only take risks where solar makes sense, where it is competitive and where there is political support,” Aubin-Kalaidjian said. “This government...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(AL Jazeera 03/15/17)
'Early warning' system established between two countries after spate of xenophobic attacks on migrants in South Africa. South Africa says it will launch an "early warning" system with Nigeria to track and deter xenophobic attacks following a surge in violence in the rainbow nation. South Africa's Foreign Minister Maite Nkoana-Mashabane said the new monitor would "help prevent violence" against foreigners and their businesses as she met with Geoffrey Onyeama, her Nigerian counterpart on Monday. Last month, more than 20 shops...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(AL Jazeera 03/14/17)
'Early warning' system established between two countries after spate of xenophobic attacks on migrants in South Africa. South Africa says it will launch an "early warning" system with Nigeria to track and deter xenophobic attacks following a surge in violence in the rainbow nation. South Africa's Foreign Minister Maite Nkoana-Mashabane said the new monitor would "help prevent violence" against foreigners and their businesses as she met with Geoffrey Onyeama, her Nigerian counterpart on Monday. Last month, more than 20 shops were targeted in Atteridgeville, 120km west of Pretoria, while in Rosettenville, an area south of the commercial capital Johannesburg
(Bloomberg 03/14/17)
President Muhammadu Buhari’s plan to lift Nigeria’s economy from its worst slump in a quarter century may entail short-term pain for potential long-term gain. The blueprint released this month proposes ways to expand the economy by 7 percent by 2020 after a 1.5 percent contraction in 2016, the first full-year decline since 1991. It aims to create 15 million jobs by increasing oil output in the continent’s second-biggest exporter of the fuel, opening up farmland and boosting investment in power,...
(Bloomberg 03/14/17)
Nigeria’s central bank Governor Godwin Emefiele said he is committed to a currency regime that sent foreign investors fleeing from the nation’s markets and exacerbated a dollar shortage. The Central Bank of Nigeria won’t allow “faceless and criminally minded people to destroy the currency under the guise of a free float as is being canvassed,’’ Emefiele said in a speech on Saturday in Abuja, the capital, while accepting an award from a local newspaper. Independent estimates and “purchasing power parity...
(Bloomberg 03/13/17)
For sale: stakes in oil fields. Bids from world class energy companies preferred. Pipelines and terminals associated with the deposits only blown up about a dozen times in the past year. Deal may depend on crude prices. Nigerian President Muhammadu Buhari’s government on March 7 proposed a plan to jump start the economy by, among other things, selling stakes in joint-venture oil projects within the next three years. Given a militancy escalation that blighted those very assets last year, and...
(Bloomberg 03/10/17)
Nigerian President Muhammadu Buhari arrived in the capital, Abuja, after spending more than seven weeks on sick leave in the U.K. “I have rested as much as humanly possible,” Buhari told reporters on Friday at the presidency. “I have received, I think, the best treatment I could receive.” He said he will need follow-up tests “within some weeks.” The president, whose absence has fueled concern about government paralysis, landed at an Air Force base in Kaduna, before traveling to Abuja,...
(Financial Times 03/09/17)
Agriculture has been a beneficiary of steps to counter effects of dollar shortage. Young men, ageing widows and local chiefs — even civil servants — have taken to the fields to work in rice paddies that stretch for miles around Tarasa, a village in north-west Nigeria. Two years ago the land in one of the west African nation’s poorest and least developed regions lay fallow. But rice farming is now enjoying a boom — a rare bright spot in a...
(Voice of America 03/09/17)
International Women’s Day is a time to reflect on the progress and immense challenges still facing women across the globe. To recognize this day, Voice of America hosted a discussion in which women from two of the countries impacted by extremism, Nigeria and Somalia, shared their stories. Nigeria is fighting the brutal insurgency of Boko Haram and next month marks the third anniversary of the kidnapping of the 276 Chibok school girls, most of whom are still held by their...
(Voice of America 03/09/17)
Lagos has long been known as Nigeria’s pop culture hub. It’s the home of Nigeria's film industry, Nollywood, as well as many of the country’s top musicians and artists. But a group of rappers and fashion designers is creating a scene of their own in Kaduna, in northern Nigeria, some 600 kilometers from Lagos. Kaduna's is the new center of Nigeria’s growing hip-hop culture. DJ Jakes Tudu is cranking out jams on his weekly radio show, playing the latest tunes...
(Bloomberg 03/08/17)
Nigeria plans to sell portions of its oil assets to help fund President Muhammadu Buhari’s four-year program to lift the economy from its worst slump in a quarter century and create 15 million jobs. Buhari proposes in a 2017-2020 economic blueprint to reduce the government’s stake in joint-venture oil assets and other holdings. Selling them will “optimize their efficiency and reduce fiscal burden on the government,” according to the proposal posted on the Ministry of Budget and National Planning’s website...
(Voice of America 03/08/17)
Nigerians and travelers to and from the country are getting ready for major problems as the country's main airport shuts down Tuesday. Authorities expect Nnamdi Azikiwe International Airport in Abuja to be closed for at least six weeks to fix a runway pockmarked with cracks and holes. Officials say the work cannot be done unless the entire facility is closed. Travelers flying into or out of the country will have to use the much smaller domestic airport in Kaduna -...
(Bloomberg 03/07/17)
Islamist militant group Boko Haram has caused $9 billion of damage in Nigeria’s northeast since 2009, destroying homes, schools, bridges and roads, according to the United Nations. Borno state alone suffered losses worth $6.2 billion, Matthew Rycroft, the president of the UN Security Council, told reporters Sunday on a visit to its main city of Maiduguri. The global body is stepping up support to the region as many who fled Boko Haram violence are now facing a humanitarian crisis even...
(Voice of America 03/07/17)
Representatives of United Nations Security Council member countries visited a target of Boko Haram militants on Sunday. The diplomats traveled to Maiduguri, the capital of Nigeria’s Borno State. They met there with women at a camp for displaced persons. The diplomats have been on a four-day-long trip to the Lake Chad Basin. They went to Cameroon, Chad and Nigeria before going to Niger on Monday. On Sunday, the ambassadors arrived in Maiduguri under heavy security. Two days earlier, three bombers...
(Voice of America 03/06/17)
A senior Nigerian military official said the cause of the accidental bombing of a displaced persons camp in the country’s northeast in January was the result of incorrect coordinates. Nigerian Major General Leo Irabor told a visiting U.N. Security Council delegation Sunday that the January 17 bombing in the town of Rann, which killed 236 civilians, was a “grave mistake” that was the result of faulty information. “The coordinates that were received gave indications that there were presence of Boko...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...

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