Tuesday, November 20, 2018

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    US envoy to Nigerian youth: Don’t be used as thugs during elections

US envoy to Nigerian youth: Don’t be used as thugs during elections

Stuart Symington, US ambassador to Nigeria, says Nigerian youth should be concerned about the country’s future and should not allow been used as thugs in the 2019 elections.He said this in Lagos on Thursday at the Hubert H. Humphrey Fellowship Alumni Association seminar where he delivered a keynote address.The ambassador said the Nigerian youth is a powerful force for good [...]

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    Akin Adesina: I am 100% sure Nigeria will sign free trade deal

Akin Adesina: I am 100% sure Nigeria will sign free trade deal

Akinwumi Adesina, president of the Africa Development Bank (AfDB), says he is confident that Nigeria and every other country on the continent will sign the Africa Free Trade agreement. Speaking in South Africa on Friday on the successes of the Africa Investment Forum, Adesina said different countries have their processes, but everyone will come around."I think Nigeria is doing the right [...]

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    INEC chairman to Nigerians: We won’t disappoint you in 2019

INEC chairman to Nigerians: We won’t disappoint you in 2019

Mahmood Yakubu, chairman of Independent National Electoral Commission (INEC), says the commission will not fail Nigerians in the 2019 general election.Yakubu said this at the 6th anniversary lecture and investiture into the Realnews hall of fame held in Lagos on Thursday.He said the commission is not unaware of the "tough task" ahead but determined to leave no stone unturned to [...]

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    ‘It’s fake news’ — Emefiele responds to claims on Nigeria’s rice imports

‘It’s fake news’ — Emefiele responds to claims on Nigeria’s rice imports

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says it is fake news that Nigeria's rice import has increased by 400,000 tonnes.In a report last week, the CBN governor said he read that a United States agency said Nigeria's rice imports had increased by 400,000 tonnes in 2018.The governor dismissed the report as "false and fake news".A week [...]

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    Saraki: Nigerians eager to see how Buhari will handle allegations against Oshiomhole

Saraki: Nigerians eager to see how Buhari will handle allegations against Oshiomhole

Senate President Bukola Saraki says Nigerians are eagerly waiting to see how President Muhammadu Buhari will handle allegations against Adams Oshiomhole, national chairman of the All Progressives Congress (APC).He said this while responding to the threat of the APC chairman to sue him.Saraki had said the APC chairman did not have the moral stand to remain in politics following allegations [...]

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    US: Nigeria will be world’s 2nd largest rice importer in 2019

US: Nigeria will be world’s 2nd largest rice importer in 2019

The United States Department of Agriculture (USDA) has projected that Nigeria will be the world second largest rice buyer in 2019.China is predicted to be the world's largest buyer."On an annual basis, consumption and residual use is projected higher in 2018/19 in Angola, Benin, Burkina-Faso, Cambodia, Cote d’Ivoire, Cuba, Haiti, India, Indonesia, Kenya, Madagascar, Nigeria, the Philippines, Sri Lanka, and [...]

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    The enduring partnership between the United States and Nigeria

The enduring partnership between the United States and Nigeria

BY TIBOR NAGY This is the last day of my first trip to Africa as the Assistant Secretary of State for African Affairs.  I spent most of my 32-year career as an American Diplomat on this continent, and I was fortunate to serve twice in Nigeria.  As they say, old friends are the best friends.  I am truly excited to be [...]

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    Nigeria’s $2bn rail project suffers setback as GE pulls out

Nigeria’s $2bn rail project suffers setback as GE pulls out

Nigeria's railway projects have recorded a fresh setback as General Electric pulls out of Nigeria's $2bn narrow gauge railway concession, TheCable understands.The company has handed over to South African Transnet SOC Limited, which deals in pipeline, port, and rail construction.TheCable also understands that GE had pulled out from the deal a while ago, following the sale of its 111-year-old rail construction business, [...]

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    Falz: Nigerians are frustrated, they are getting to their breaking point

Falz: Nigerians are frustrated, they are getting to their breaking point

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    AfDB unveils Africa Energy Portal, says 75.7m Nigerians without electricity

AfDB unveils Africa Energy Portal, says 75.7m Nigerians without electricity

The Africa Development Bank  (AfDB) has launched a "one-stop-shop for accurate, reliable, relevant, and up-to-date information on energy in Africa," the Africa Energy Portal.The portal is one of the deliverables from the just concluded Africa Investment Forum (AIF) in Johannesburg, South Africa.In a statement seen by TheCable, the development bank said portal will help address lack of information in Africa's energy [...]

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    Nigeria: A secular country on paper, multi-religious state in practice

Nigeria: A secular country on paper, multi-religious state in practice

The bane of Nigeria and what will never let it truly advance as other sane countries is religion. Those who laid the foundation of Nigeria—in their unique wisdom—made Nigeria a secular state, in order to avoid the ugliness and emptiness of religion. Today, Nigeria is only a secular state on paper, but in reality, it is a multi-religious state.In other [...]

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    Africa free trade deal is very promising for Nigeria’s economy, says Rockefeller Foundation VP

Africa free trade deal is very promising for Nigeria’s economy, says Rockefeller Foundation VP

Christine Heenan, vice-president, global policy and advocacy at The Rockefeller Foundation, says the Africa Free Trade deal is very promising for Nigeria. Granting an interview on the sidelines of the just concluded Africa Trade Forum held in Lagos, the former vice-president of Public Affairs and Communications with Harvard University, said the Rockefeller Foundation is in Nigeria for the long term.Forty-nine countries have signed [...]

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    Nigerian firm partners CNN to launch digital news platform

Nigerian firm partners CNN to launch digital news platform

Times Multimedia (TMM), an indigenous media and technology company, has announced a partnership with CNN International.Both companies have come together to launch Follio.ng, a digital news platform, which will go live early in 2019.According to a statement signed by Zubby Emodi, managing director at TMM, the news and entertainment platform is targeted at “residents of Nigeria and millions of Nigerians [...]

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    GTI Capital, NFF partner to build Nigeria’s football economy

GTI Capital, NFF partner to build Nigeria’s football economy

The Nigeria Football Federation (NFF) and GTI Capital Group say they will work together to develop and activate Nigeria's football economy.At a meeting that held on Sunday, both parties agreed that the development of the country's football economy will increase contribution to the nation’s output level.Amaju Pinnick, president, Nigeria Football Federation (NFF), led other board members of the football governing [...]

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    Unilever Nigeria: Big gains from cutting debts

Unilever Nigeria: Big gains from cutting debts

Unilever Nigeria is counting gains from a three-year debt cutting programme that has given it a virtually debt free balance sheet. Interest bearing debts have dropped from N21 billion at the end of 2016 to N674 million at the end of 2017 and further to just N4 million at the end of the third quarter of 2018. Over the same [...]

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    Miss Nigeria unveils 18 finalists

Miss Nigeria unveils 18 finalists

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Exchange Rates

November 16, 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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