• Afreximbank introduces $300m equity offering to Nigerian investors

    The African Export-Import Bank (Afreximbank) on Thursday in Lagos met with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering. Dr Benedict Oramah, the President of Afreximbank, told the investors that the equity offering would be issued through depository receipts backed by its Class ...

  • Mudslide: Nigeria donates $2m cash, relief materials to Sierra Leone

    NIGERIA has donated cash, food, medical supplies and other relief materials worth $2 million to victims of the mudslide in Sierra Leone. A statement issued by the Special Assistant to the Minister of Foreign Affairs, Sarah Sanda, said the items donated  include $1 million cash, as well as 315 metric ...

  • Barco que afundou com cerca de 70 a bordo no Pará estava irregular

    O barco que afundou com mais de 70 pessoas na madrugada desta quarta-feira (23/8) no Rio Xingu - entre os municípios de Porto de Moz e Senador José Porfírio, no sudoeste do Pará - não estava legalizado para fazer o transporte passageiros Leia mais notícias em Brasil  A embarcação "Capitão Ribeiro" não ...

  • Nigeria: Capital Inflow Rises By 95% As Foreign Investors Return - NBS

    [Daily Trust] The value of capital imported into Nigeria in the second quarter of 2017 rose by 95.02 per cent or $884.1 million to stand at $1.79 billion compared to the value recorded in the first quarter.

  • Drug war: Philippine leader tells police to kill only if necessary

    President Rodrigo Duterte of Philippines on Wednesday warned police officers that their duty was to arrest suspects and kill only if their lives were in danger. The firebrand leader, now facing the most intense scrutiny so far in his controversial but popular crackdown, said he could not justify the Aug. ...

  • S/African govt won’t allow national airline fail – Minister

    South Africa’s Deputy Finance Minister Sfiso Buthelezi told parliament on Wednesday that the country’s embattled national airline SAA should not be allowed to go under. Buthelezi said in Cape Town that in spite of the airline’s inability to make profit, the airline should be kept flying. South African Airlines has ...

  • Kwara receives N2.5bn from FAAC August allocation

    Kwara Government on Wednesday said it received N2.5 billion as its federal allocation for August as against the N3.6 billion it received in July. The State Commissioner for Finance, Alhaji Demola Banu, said in a statement in Ilorin that the allocation was N1.1 billion lower than that of July. Banu ...

  • AAA students claim inaugural Facebook challenge student award at the Loeries

    The award, which aims to celebrate the achievements of future creatives as they redefine creativity in the mobile era, was created in partnership with Facebook and The Nelson Mandela Foundation. DURBAN, South Africa, August 23, 2017/ — The Facebook Challenge (www.Facebook.com), an official Loerie Award in the Student category, was ...

  • Meccanica, Trasporti & Mobilità

    La Nigeria acquista tecnologia Made in Italy per $23 milioni

    23 milioni di dollari. Questo è il valore della commessa che l'azienda bresciana ATB Riva Calzoni è riuscita ad aggiudicarsi, anche grazie al supporto di SACE ed Unicredit, per la produzione e l’installazione di due termopropulsori destinati alla Dangote Refinery, prima raffineria petrolifera privata della Nigeria che entrerà in funzione ...

  • Use of children as ‘human bombs’ rising in northeast Nigeria

    Source: UN Children's Fund Country: NigeriaSo far this year the number of children, especially girls, used as ‘human bombs’ in northeast Nigeria is already four times higher than it was for all of last year, UNICEF reports.Young girls are most frequent victims ABUJA/GENEVA/DAKAR/NEW YORK, 22 August 2017 – UNICEF is extremely concerned ...

  • Belgium, France now issue Dutch visas — Envoy

    The Embassy of the Kingdom of the Netherlands in Nigeria, on Tuesday, stated that it was no longer in the business of issuing visas to Nigerians. The Embassy’s Charge d’ Affaires, Mr. Michel Deleen, told the News Agency of Nigeria in Lagos that the embassy had since 2013 swapped its ...

  • Fraudsters circulating forged crude oil allocation letters, says NNPC

    Okechukwu Nnodim, Abuja The Nigerian National Petroleum Corporation on Tuesday warned oil sector operators about the activities of conmen specialising in circulating forged letters of crude oil allocation with the intent of defrauding unsuspecting buyers or members of the public. Speaking at the presentation of commendation letters to 12 personnel ...

  • Adeosun emerges board chair of ECOWAS Investment Bank

    Ifeanyi Onuba, Abuja The Minister of Finance, Mrs Kemi Adeosun, has emerged as the new Chairman of the Board of Governors of the ECOWAS Investment Bank. She was named as the new chairman at the end of the 15th Annual General Meeting of the board of governors of the bank. ...

  • CBN: Forex monthly demand jumps to N588b

    The demand for foreign exchange (forex) has continued to rise despite the drop in forex earnings by the Federal Government, it was learnt yesterday. Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday that the average monthly import bill rose from N12.4 billion in 2005 to N588.1 billion in ...

  • Olubadan: I still oppose chieftaincy law

    The Olubadan of Ibadan land, Oba Saliu Adetunji, has said his opposition to the attempt by the government to review the Olubadan chieftaincy laws remain unchanged. The monarch said the recommendation of 32 crowns for Ibadan by the Boade Commission set up by Oyo State was a joke too far. ...

  • FAAC July revenue drops to N387.31b

    The revenue shared yesterday to the federal, state and local governments from the Federation Account for July dropped by N183.26 billion from the amount shared for June. The amount shared yesterday is N387.31billion compared to June’s N570.58 billion. The Permanent Secretary in the Ministry of finance, Dr. Mahmoud Isa Dutse, ...

  • Danbatta seeks passage of Data Protection, Electronic Transaction bills

    • Subscribers advised to report unsolicited SMS Executive Vice Chairman of the Nigerian Communications Commission (NCC) Prof Umar Danbatta yesterday called for the passage of the harmonised Data Protection Bill and the Electronic Transaction Bill into Law. He urged Nigerians to report cases of unsolicited messages from service provides to ...

  • Nigeria, China to tackle low quality products import

    China and Nigeria have agreed to put in place measures to tackle importation of substandard products into the country. China and Nigeria Chamber of Commerce (CCCN) President, Ye Shuijin, stated this yesterday, while addressing reporters in Abuja. He insisted that most of the imported fake products were not made in ...

  • Infidelity: Man kills wife in Benue, woman kills husband in Lagos

    Samson Folarin and Afeez Hanafi Two homes met fatal ends in the Gboko area of Benue State, and Oto-Awori area of Lagos State, on Sunday, after two spouses took the law into their own hands to protest against their partners’ alleged acts of infidelity. In the Adekaa community, Gboko, 33-year-old ...

  • Now that Buhari is back

    President Muhammadu Buhari returned to Nigeria 103 days after he departed on yet another sick leave to attend to a still undisclosed illness. He returned to a country that is riven by mutual suspicion along ethnic and sectarian lines, deepening insecurity and an economy in recession, and with neither a ...

  • Companies must take advantage of cloud technology — Ukiri

    The Chief Executive Officer, Avon Health Maintenance Organisation, Mrs. Adesimbo Ukiri, speaks to OZIOMA UBABUKOH on how cloud, the Internet of Things and other technologies are helping to improve health insurance policies Most global companies are going the cloud technology route to grow their business but the reverse is the ...