Tag: Nigeria

Nigerians, South Africans top Africa's influential people list 2023
News

Nigerians, South Africans top Africa’s influential people list 2023

Nigerians and South Africans have dominated the list of the most influential people in Africa in 2023. The annual 100 Most Influential Africans list, released by New African Magazine, showcases exceptional people from a variety of professions, highlighting Africa’s talent and worldwide significance. “The list also reflects the shifting trends and priorities in Africa, as […]

Business

Nigeria needs to balance foreign investment with local growth – KPMG

A professional services firm, KPMG, has stated that Nigeria must strike a balance between attracting foreign capital and supporting domestic growth through policies that favour foreign investment while also building a conducive climate for indigenous enterprises to prosper. According to the firm’s flashnotes published on January 4, 2024, capital importation numbers show a consistent quarterly fall, indicating continued issues […]

Over 200,000 Kebbi residents to receive N75,000 from FG
News

Over 200,000 Kebbi residents to receive N75,000 from FG

The Kebbi State Government has said that the Renewed Hope Cash Transfer project will pay N75,000 to 211,699 people throughout the state’s 21 local government areas (N25,000 per circle for three payment circles). The Kebbi State Commissioner for Humanitarian Affairs, Alhaji Muhammad Hamidu-Jarkuka, made the announcement on Friday at a one-day refresher training for local government […]

Chinese, Nigerian energy firms sign $1bn gas flaring deal
Business

Chinese, Nigerian energy firms sign $1bn gas flaring deal

A Nigerian energy corporation, NIGUS International, has entered into a $1 billion agreement with Beijing Zhogmin Xinjunlong New Energy Technology corporation Ltd., a Chinese enterprise, to finance and promote gas flaring solutions in Nigeria. According to the News Agency of Nigeria, President Bola Tinubu issued a national directive that led to the signing of this agreement on […]

Jigawa targets two million tonnes wheat production 2024
Business

Jigawa targets two million tonnes wheat production 2024

Jigawa State Governor, Umar Namadi has announced that his state planned to produce two million tonnes of wheat to help Nigeria achieve food sufficiency. Arise News reported that according to Namadi, Jigawa’s output target will be met by the National and State Wheat Development Programs. The governor revealed this to reporters on Thursday after meeting with President […]

Only four Nigeria states attract foreign investment in Q4 - Report
News

Foreign investment in manufacturing sector falls by 54% – NBS

The latest Capital Importation data from the National Bureau of Statistics shows that foreign investments in Nigeria’s manufacturing sector decreased by $326 million (54%) to $279.5 million in the third quarter of 2023 from $605 million in the second quarter. According to The PUNCH, the report’s further research, despite the large decline, the production sector […]

Dangote refinery investors gain N1.2tn in two days
Oil and Gas

NNPCL to complete Port-Harcourt refinery test run January

The NNPCL has announced that a test run on the 60,000-bpd refinery in Port-Harcourt will be completed this month, followed by a full resume of work later. The NNPCL’s spokesperson, Femi Soneye, stated on Friday. “Testing will be completed shortly, ensuring the refinery’s efficient operation. This phase will be finished this month.” The refinery, which is now […]

Business

Worst performing African currencies against US dollar in 2023 – Report

African currencies have recently suffered significant losses, particularly against the celebrated US dollar. AMBusiness reported that the depreciation has generated concerns about some African countries’ economic stability, affecting trade balances, inflation rates, and residents’ purchasing power. Here are the African currencies that will perform the poorest against the US dollar in 2023: Countries such as Nigeria, Kenya, […]

NGX to draw in more investors - CEO
Business

NGX, PenCom collaborate to boost pension funds in equity market

The Nigerian Exchange Limited has announced that its collaboration with the National Pension Commission will increase the involvement of Pension Fund Administrators in the equity market via the NGX Pension Broad Index. The Acting CEO of Nigerian Exchange Limited, Mr. Jude Chiemeka, noted in a news release that the NGX Pension Broad Index has performed well since its […]

Top five safest countries to travel in 2024
News

Top five safest countries to travel in 2024

Iceland has emerged as the safest country to travel to in 2024 in a new report from International SOS— which provides travelers with priceless information on medical and travel security risks. International SOS projects which countries are the safest, which are the riskiest, and what problems travelers will have in the upcoming year in its […]