Thursday, September 20, 2018

Tag "EU"

    Boko Haram still a major threat to peace in Nigeria, says EU

Boko Haram still a major threat to peace in Nigeria, says EU

The European Union says Boko Haram insurgency remains a major threat to peace and security in the north-east.Stefania Marrone, head of regional cooperation, European Union delegation to Nigeria and the Economic Community of West African States (ECOWAS), said this in Abuja on Monday at the opening of a three-day workshop organised for journalists by the ECOWAS Commission.Marrone also said acts [...]

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    UK, EU ‘achieve breakthrough’ in Brexit divorce negotiations

UK, EU ‘achieve breakthrough’ in Brexit divorce negotiations

European Commission President Jean-Claude Juncker said Friday that he believed that a breakthrough had been achieved in terms of the Brexit deal with the UK.“I believe we made the breakthrough we needed,” Juncker said after meeting with UK Prime Minister Theresa May.He added that May told him that the new text had the backing of the UK government.The European Commission [...]

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    Buhari heading to Cote d’Ivoire for EU-AU summit

Buhari heading to Cote d’Ivoire for EU-AU summit

President Muhammadu Buhari will be departing the country on Tuesday for the 5th European Union-African Union (EU-AU) summit in Abidjan, capital of Cote d'Ivoire.Two governors - Udom Emmanuel Akwa Ibom and Mohammed Abubakar (Bauchi) - are among those who would accompany the president.Femi Adesina, special adviser to the president on media and publicity, disclosed this in a statement."The president will [...]

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    EU ‘did not favour’ Buhari during 2015 election

EU ‘did not favour’ Buhari during 2015 election

The European Union (EU) has denied favouring President Muhammadu Buhari above other candidates during the 2015 presidential election.Santiago Fisas, the former chief observer of the 2015 EU Election Observation Mission (EU EOM), and member of the European Parliament, said this in Abuja on Sunday while making clarification on EU assessment of the 2015 elections.Fisas said the EU was more interested [...]

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    EU to invest more in Nigeria’s private sector as trade volume sinks to £19.6bn

EU to invest more in Nigeria’s private sector as trade volume sinks to £19.6bn

The European Union (EU) says trade volume between Nigeria and the region fell to £19.6 billion within the year from over £25 billion in 2015.The EU therefore added that it is ready to disburse more money into private sector to boost the economic environment as the union is set to focus on information communication technology (ICT) and agribusiness.Fillipo Amato, head [...]

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    Opposition kicks but EU endorses Kenyan election

Opposition kicks but EU endorses Kenyan election

The European Union election observer mission in Kenya says there are no signs of “centralised or localised manipulation” of the voting process in the country's general elections.Marietje Schaake, leader of the mission, who said this on Thursday, promised that the EU mission’s final report would evaluate the conduct of the tallying process, which Raila Odinga, opposition leader, said had been [...]

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    No more financial support for Nigeria, says EU

No more financial support for Nigeria, says EU

Michel Arrion, the European Union (EU) ambassador to Nigeria and ECOWAS, says EU cannot promise further financial assistance to Nigeria.Arrion made this known at a lecture which the IBB Golf Club organised in Abuja.The lecture had as its theme: ‘40 years of European Union in Nigeria: Lessons learned and the way forward’.Arrion said Nigeria remains EU key partner in view [...]

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    EU announces €143m humanitarian aid for north-east

EU announces €143m humanitarian aid for north-east

The European Commission (EU) on Thursday announced a €143m support package for the “early recovery and reconstruction needs” in north-east due to its worsening humanitarian crisis.Neven Mimica, commissioner for international cooperation and development, disclosed this in a statement issued in Abuja by Modestus Chukwulaka, the EU communication officer in Nigeria.Mimica noted that Nigeria was one of four countries across the [...]

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    EU rejected 24 Nigerian products in 2016, reveals NAFDAC

EU rejected 24 Nigerian products in 2016, reveals NAFDAC

The National Agency for Food And Drug Administration and Control (NAFDAC) says the European Union (EU) rejected 24 exported food products from Nigeria in 2016.Abubakar Jimoh, NAFDAC spokesperson, who made the disclosure in Abuja on Monday, said  the rejected products fell below standards.According to Jimoh, who is also the NAFDAC director special duties, five major products illegally exported to the [...]

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    Finally, UK triggers article 50 to activate EU divorce

Finally, UK triggers article 50 to activate EU divorce

Theresa May, prime minister of the United Kingdom, has finally triggered article 50, which would activate UK's departure from the European Union (EU).While speaking at the UK parliament after the country's ambassador formally handed over the activation letter to the EU in Brussels, May said it was a "unique opportunity to shape a brighter future" for the UK."The Article 50 [...]

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    Measles outbreak, return to polio endemic countries list… why EU gave Nigeria €70m

Measles outbreak, return to polio endemic countries list… why EU gave Nigeria €70m

In September 2000, the United Nations signed the millennium declaration - a total of eight development goals to - make leaders of all 191 UN member states committed to combating poverty, hunger, disease, illiteracy, environmental degradation and discrimination against women by the year 2015.The development goals -- the eradication of extreme poverty and hunger, achievement of universal primary education, promotion of gender equality [...]

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    EU offers €2m for mop-up of illicit arms in Nigeria

EU offers €2m for mop-up of illicit arms in Nigeria

The European Union (EU) has provided €2.13m for the mop-up of illicit arms in Nigeria.The flow of small arms across the country has been a trigger of conflicts in several parts.It is estimated that three million illicit arms are in circulation in the country.The mop-up funds will be dispensed through an initiative tagged,  'ECOWAS-EU Small Arms Project', which will be [...]

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    EU to negotiate directly with AU — no longer with individual countries

EU to negotiate directly with AU — no longer with individual countries

Geoffrey Onyeama, the foreign affairs minister, says the African Union (AU) has resolved that the European Union (EU) will henceforth negotiate with AU as a body rather than with individual African countries.The minister disclosed this on Friday, in Abuja, at a press conference of the post-28th AU summit of head of states and government in Addis Ababa, Ethiopia.“AU is saying [...]

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    Swiss are the ‘richest’ people in the world

Swiss are the ‘richest’ people in the world

The Swiss are the richest people in the world, with an average wealth of $561,900 per adult, Credit Suisse said in its annual global wealth report on Tuesday.This confirms Switzerland’s top ranking for the 16th year in a row.People in the United States trailed with assets worth $344,700, followed by the British average net worth of $288,800, the major Swiss [...]

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    Nigeria has ‘3rd highest’ number of migrants crossing Mediterranean

Nigeria has ‘3rd highest’ number of migrants crossing Mediterranean

Shehu Sani, senator representing Kaduna central, says Nigeria ranks third among countries with the highest number of migrants crossing the Mediterranean sea.Sani disclosed this in Abuja on Wednesday when Michel Arron, the ambassador of the European Union (EU) to Nigeria, paid him a courtesy visit in his office.He highlighted the risks involved in the journey, and urged the government to [...]

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    EU: 5 reasons our investors are not coming to Nigeria

EU: 5 reasons our investors are not coming to Nigeria

The European Union (EU) has highligted the reasons why European investors are not willing to come invest in Nigeria.In a interview with TheCable and a few newspapers on the sidelines of the EU-Nigeria business forum, Michel Arrion, head of the EU delegation to Nigeria, said Nigeria is a very big market for European investors, but a few challenges set Nigeria [...]

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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