The International Monetary Fund (IMF) has predicted that Nigerian economy will grow from 0.8 per cent in 2017 to 2.1 per cent by the end 2018, while warning of possible crash in crude oil prices. According to its latest World Economic Outlook (WEO) Report launched in Washington DC on Tuesday, the Fund projected that Nigeria […]
Nigeria’s upper chamber of parliament on Tuesday said it would invite the central bank governor and the ministers of finance and defence to explain the release of $462 million to buy helicopters, it said on its Twitter feed. Senator Sam Anyanwu said the money was withdrawn from the federal account in March without the approval […]
By Foster Obi Coca-Cola is launching the world’s first official Coke slushy which analysts belief could be the healthiest Coke yet Independent of London reports that although there are unbranded cola slushies swirling around at funfairs, that this is Coca-Cola’s first official frozen venture. Coca-Cola Frozen Lemon has been eight years in the making, but […]
Nigerian President Muhammadu Buhari will be the guest of US President Donald Trump on 30 April in Washington, the White House announced on Sunday. According to the statement, Trump will discuss issues such as promoting economic growth and fighting terrorism with Buhari. “The relationship of the United States with Nigeria is deep and strong, and […]
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 […]
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 […]
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 […]