Seeing the inequalities and disparities in her native country of Nigeria opened Aisha Babangida’s eyes to the bigger problems our world as a whole faces today. Poverty, economic instability, and differing opinions plague us, creating division rather than community. Without taking active steps to create sustainable business models that grow economies and close income gaps, […]
Terror group Boko Haram has kidnapped more than 1,000 children in Nigeria since 2013, UNICEF said Friday. The statement came as Nigeria prepares to make the four-year anniversary of the Chibok abductions on April 14, 2014. “Since 2013, more than 1000 children have been abducted by Boko Haram in northeastern Nigeria, including 276 girls taken […]
The Nigeria Immigration Service (NIS) says it has arrested 67 irregular migrants from the Republic of Niger. Mr Sunday James, the spokesman of the agency, announced this in a statement on Saturday in Abuja. James said that the foreigners were intercepted by the Special Border Corps of the NIS while trying to enter the country […]
By Foster Obi Minister of Finance, Kemi Adeosun on Friday appointed Ms Mary Uduk, as the new Director -General, the Securities and Exchange Commission (SEC) following the redeployment of Dr Abdul Zubair, who had been on the saddle since December last year. Special Adviser, Media & Communications to the Minister of Finance, Oluyinka Akintunde, said […]
The Group Executive Director, Finance and Account of the Nigerian National Petroleum Corporation (NNPC), Mr Isiaka Abdulrazak said the corporation recorded a trading surplus of N250 billion in 2016. Abdulrazak said this in a quarterly publication of the NNPC, a copy of which was obtained by the News Agency of Nigeria (NAN) on Tuesday in […]
The International Energy Agency said on Friday that the international oil market could become too tight if supply remains restrained by OPEC and its allies as global oil stocks have diminished. The IEA, which coordinates the energy policies of industrialised nations, said stocks in developed countries, could fall to their five-year average – a metric […]
Nigeria’s mid-crop cocoa output for 2017/18 could rise by 15 percent from last season, helped by a mix of rainfall and sunshine in the main growing regions which has helped the trees, the head of the cocoa association said on Friday. Drought cut last season’s mid-crop harvest by 40 percent. The dry weather continued into […]
Nigerian state oil firm NNPC’s engineering unit said on Friday its 2017 pretax profit fell 34 percent to 3.26 billion naira ($10.4 m) as a result of a lower foreign exchange gain. The National Engineering and Technical Company Limited (NETCO) posted a pretax profit of 4.90 billion naira in 2016 when foreign exchange gains accounted […]
Nigerian inflation slowed for a 14th straight month in March, taking consumer-price growth below the benchmark interest rate for the first time in two years and opening the door for a rate cut. Consumer inflation in Africa’s most-populous nation decelerated to 13.3 percent from a year earlier, the lowest rate in two years and below […]
By Foster Obi Oil and gas giant Royal Dutch Shell expects most of its planned investments in its New Energies division until 2020 to be in power, and solar, wind and gas generation, the company confirmed. Shell set up its New Energies division in 2016 to build on its experience in “lower carbon technology WindPower […]