Tag: Nigerians

News

Nigerians import few cars as inflation, FX woes bite

Nigerians imported fewer passenger cars in 2024 as rising inflation and naira depreciation made foreign exchange more expensive, increasing vehicle costs. According to the National Bureau of Statistics, the total value of passenger car imports fell by 14.3% to N1.26 trillion in 2024, down from N1.47 trillion in 2023. The drop in car imports came […]

News

Three Nigerians make Forbes 50 wealthiest black Americans list

Alex Omenye Forbes has unveiled its 2024 ForbesBLK 50 list, celebrating the accomplishments of the wealthiest and most influential Black Americans. Among the distinguished honorees are three Nigerians: Adebayo Ogunlesi, Tope Awotona, and Wemimo Abbey, whose entrepreneurial achievements and social impact have earned them a place on this prestigious list. The ForbesBLK 50 list reimagines […]

FG budgets N8.68tn for agric, food imports - Report
featured News

33m Nigerians may face food crisis in 2025 — Report

The Cadre Harmonisé Report for October has projected that at least 33.1 million people in 26 states and the FCT will face a food and nutrition crisis between June and August 2025. This projection comes from the CH Analysis Report released on Friday in Abuja. The analysis was conducted by the UN Food and Agriculture […]

UK expands work visa sponsors for Nigerians
News

UK expands work visa sponsors for Nigerians

The UK updated the list of organizations eligible to sponsor work visas for Nigerians in 2024 on January 12, 2024. These businesses are authorized to sponsor skilled worker relocations using the temporary worker immigration process. The amended list now includes 99,856 companies, an increase of 31,226 from the 68,630 certified in January 2023. Among the […]

Kano Disco's $200m funding to benefit 25m Nigerians
Electricity

Kano Disco’s $200m funding to benefit 25m Nigerians

Kano Electricity Distribution Company is seeking $200 million in investment to modernize its infrastructure and modify electricity distribution for an estimated 25 million Nigerians. According to Businessday, Kano Electric is partnering with a Mauritius-based firm, BlackAion Capital, to re-capitalize the network and specifically work on the $200 million fundraise for the interconnected mini-grids and embedded generation projects in […]

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 […]