Nigeria on Thursday kicked-off the export of yams to Europe and the United States, as part of moves to diversify its oil-dependent economy and earn much-needed foreign exchange.
Nigeria's First Diaspora Bond Debuts On London Stock Exchange
London Stock Exchange today welcomed Nigeria’s first Diaspora Bond to start trading on the Main Market. Proceeds from the five-year, 5.625% bond will be used to fund infrastructure projects in the country.
Nigeria needs N2.98 billion to check armyworm invasion
Invasion of the African Armyworm in the North Eastern part of the country is causing panic among farmers, with the Federal Government saying it needs N2.98 billion to check the pest nationwide.
Saro Wiwa's Widows Sues Shell; Seek Apology, Compensation
The widows of late Ogoni civil right activist, Ken Saro Wiwa and three others, executed by the military regime of Sani Abacha in 1995, have filed a civil lawsuit seeking compensation and an apology from Royal Dutch Shell for alleged complicity in a military crackdown, according to a writ filed in a court in The Hague.
Nigerians In Diaspora Remitted $19 Billion In 2016
According to information released by the Migration and Development Brief, Nigerians in the diaspora remitted $19 billion back home in 2016.
Hoteliers Spend 80% Of Revenue On Electricity Bills
Hotel owners have lamented the high electricity tariff handed them by various DISCOs, insisting that electricity bills alone take up over 80% percent of their monthly revenue.
Nigeria’s Economy to rebound From July – Bankers’ committee
The Director of Banking Supervision, Central Bank of Nigeria (CBN), Mr Ahmed Abdullahi, on Thursday declared that the economy would record tremendous improvement by the third quarter of the year.
Electricity Drops To 2,982 mw
Emerging reports indicate that the Gencos in the country are currently generating a mere 2,982 mw of electricity following avoidable crash recorded in the early hours of Monday.
Kano Farmers Bemoan Unpaid Compensation, As Bird Flu Kills 13,000 Birds
Kano State Ministry of Agriculture has confirmed that the avian influenza (bird flu), killed no fewer than 13,000 birds in nine farms across the state.
Nigeria Secures $4b Deal For Telecom Sector
Nigeria's communications minister, Adebayo Shittu, has reportedly struck a deal worth $4 billion for the telecommunication sector with Indian investors in Geneva.
ExxonMobil, Others To Mentor 10,000 Youths
The fourth edition of ExxonMobil youth development programme, the National Basketball Association and Africare, is expected to empower 10,000 beneficiaries drawn from schools and vulnerable communities.