Tuesday, November 13, 2018

Search Results for "nigeria"

    Schneider Electric gets Nigerian content equipment certificate

Schneider Electric gets Nigerian content equipment certificate

The Nigerian Content Development and Monitoring Board has awarded Schneider Electric the Nigerian Content Equipment Certificate in recognition of its commitment to the local content policy.The NCEC, according to a statement from the firm, attests to the fact that Schneider Electric owns the assembly facility that it uses for integrating electrical and instrumentation equipment in-country.It said with the certificate, Schneider [...]

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    IMF: Over 50% of Nigeria’s revenue is used to service debt

IMF: Over 50% of Nigeria’s revenue is used to service debt

Amine Mati, International Monetary Fund (IMF) senior resident representative for Nigeria, says more than 50 percent of Nigeria's revenue is used to service the country's debtHe made the remark during a presentation by the International Monetary Fund (IMF) on the economic outlook for sub-Saharan Africa, stating that Nigeria was diverting more resources toward interests payments.He said that although Nigeria’s debt to gross [...]

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    Nigerian media and mental health challenges

Nigerian media and mental health challenges

Increase in mental health cases, which leads to various crimes: suicide, murder and other self-destruct are common today in our nation. We do not believe this is peculiar to Nigeria but it has become a major concern across the continent.Even in the US, national alliance in mental health statistics showed about 43.8 million adults, which is one out of five [...]

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    Osinbajo: Nigerian banks have to reform to survive what is coming

Osinbajo: Nigerian banks have to reform to survive what is coming

Vice-President Yemi Osinbajo says there is a need to reform Nigerian banks for them to meet up with the inevitability of the Fintech revolution.Speaking at the ongoing first ever Africa Investment Forum in Johannesburg on Thursday, the Osinbajo said there are no plans to take the banks' lunch, but the banks have to reform to survive.He said the "Fintech companies, [...]

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    Lai claims 7,000MW, Adesina says 4,500MW… what’s the truth about Nigeria’s power generation?

Lai claims 7,000MW, Adesina says 4,500MW… what’s the truth about Nigeria’s power generation?

Within 24 hours, two prominent figures have churned out conflicting figures on Nigeria's current power generation capacity. On Tuesday, Lai Mohammed, minister of information, said the country now generates 7,000 megawatts of electricity. A day after, Akinwumi Adesina, president of the African Development Bank (AfDB), pegged the figure at "around 4,500 megawatts".While speaking at a News Agency of Nigeria (NAN) [...]

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    S’Africa vs Nigeria: Onyekuru named as replacement for injured Ighalo

S’Africa vs Nigeria: Onyekuru named as replacement for injured Ighalo

Gernot Rohr has called up Henry Onyekuru as a replacement for injured Odion Ighalo ahead of Nigeria’s Africa Cup of Nations (AFCON) qualification game against South Africa.The Nigeria Football Federation (NFF)  disclosed this on its Twitter handle on Thursday.The tweet read: "[email protected] replaces injured @ighalojude for game against South Africa. #SoarSuperEagles #Team9jaStrong #Afcon2019Q"https://twitter.com/thenff/status/1060375540891312128?s=21Onyekuru returned to action last weekend for his Turkish [...]

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    Nigeria, MTN and pseudo-nationalism

Nigeria, MTN and pseudo-nationalism

The recent report that two global banks – HSBC and UBS - have closed shops in the country should be a source of concern to well meaning Nigerians. Though no reasons were given for their decision to leave the country, it could be assumed that the banks no longer see the country as good for business. It should be recalled [...]

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    How should Nigerian Leftists vote?

How should Nigerian Leftists vote?

We begin with a proposition which may be framed this way: “The question as to how Nigerian Leftists should vote in the 2019 general elections will not arise if there are in existence, and participating in the elections, political parties that are serious, clearly Leftist, ideologically anti-capitalist and anti-imperialist and categorical on each of the burning questions before the Nigerian [...]

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    PHOTOS: Prince Charles meets with Nigerian celebrities, creatives in Lagos

PHOTOS: Prince Charles meets with Nigerian celebrities, creatives in Lagos

[...]

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    Akin Adesina: I’m ashamed of Nigeria’s 4,500MW of power

Akin Adesina: I’m ashamed of Nigeria’s 4,500MW of power

Akinwumi Adesina, president of the African Development Bank (AfDB), says it is unacceptable for Nigeria to be delivering 4,500 megawatts of electricity.Speaking on the sidelines of the Africa Investment Forum ongoing in Sandton, South Africa, the former minister of agriculture says he is ashamed of the country's power generation."My own perspective in everything that I do is that my philosophy [...]

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    Nigeria’s debt for infrastructure is good debt, says Fashola

Nigeria’s debt for infrastructure is good debt, says Fashola

Babatunde Fashola, minister of power, works, and housing, says debt for infrastructure in Nigeria is good debt, as far as he is concerned.Speaking at the Africa Investment Forum in Sandton South Africa on Wednesday, Fashola said the Nigerian government should not be judged like a private company when it comes to borrowing."The only thing I want to say about debt [...]

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    Seven questions for Nigeria’s next Mr. or Madam President

Seven questions for Nigeria’s next Mr. or Madam President

The year 2018 is a great time to be alive. No one, in 2008, could have predicted what is happening in the world today; Donald Trump running the show in the United States, Britain breaking away from Europe, a 39-year-old winning the French presidential election. It is what it is.Nigeria has not been left out of the fireworks; in 2008, [...]

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    The APC still remains the best option for Nigeria

The APC still remains the best option for Nigeria

BY VICTOR OBANOR OSAGBOUWAPresident Muhamadu Buhari has asked aggrieved members of the All Progressives Congress (APC) in the last conducted primaries to be faithful to the party. In the last few weeks, the president and the APC leadership met with governorship aspirants and aspirants for the House of Assembly in the APC. His message has been clear on why the [...]

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    Nigeria: A rich nation being unfortunately led by poor people

Nigeria: A rich nation being unfortunately led by poor people

Senate President Bukola Saraki said and I quote verbatim: “The Federal Government as well as the organized labor to be more concerned about the interest of the people…while the government and labor are representing the interest of the people, it is important to also ensure we avoid any action that will not show sensitivity and sensibility to the plight of [...]

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    Emefiele: Nigeria gets over 30% of remittances to Africa

Emefiele: Nigeria gets over 30% of remittances to Africa

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), says Nigeria tops other African countries in remittances inflows and is among the top five globally.He did not give a figure, but said African countries received $72billion in remittances in 2017.Checks by TheCable showed that the  World Bank report being quoted saw Nigeria receive $22 billion in remittances in 2017 [...]

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    Naomi Campbell in Nigeria for GTBank Fashion Weekend

Naomi Campbell in Nigeria for GTBank Fashion Weekend

Naomi Campbell, a British supermodel, is in Nigeria for the GTBank Fashion Weekend, NAN reports. [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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