Ngozi Okonjo-Iweala, former minister of finance, says growth and development cannot be achieved when a country has distortions in its foreign exchange rates.Speaking at the launch of 'Beating the Odds: Jumpstarting Developing Countries', a book written by Justin Yifu Lin and Celestin Monga in Ahmedabad, India, Okonjo-Iweala said there is no one way to growth and development, but some basic [...]
Tag "India"
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Wilfried Amobi, a 47-year-old Nigerian, has been arrested in India for allegedly possessing cocaine worth $1.4m at a suburban railway station in Mumbai.The Hindustan Times (HT), an Indian newspaper, said a team from the Narcotics Control Bureau (NCB) caught him after a tip-off by a ticket checker.According to Sanjay Jha, NCB zonal director, Mumbai and Goa region, Amobi was caught [...]
Former President Olusegun Obasanjo says despite the high number of Indians doing legitimate business in Nigeria, there are "ugly faces" who are trying to corrupt the system.Speaking at the weekend during an interactive session with the Indian Professionals’ Forum (IPF) in Nigeria, Obasanjo lamented that some Indian companies cut corners and engage in sharp practices to get ahead in Nigeria's business [...]
A 24-year-old Kenyan woman was on Wednesday beaten by a racist mob in India after she was mistaken for a Nigerian.According to the News Agency of Nigeria (NAN), the woman was pulled out of a taxi and assaulted by the mob.Maria Burendi, the victim, said she left her home in Alistonia Society at 6.15am to collect an African wig and some food [...]
The federal government has asked the Indian government to ensure the immediate arrest and prosecution of those responsible for attacks on Nigerian students in India.Olushola Enikanolaiye, permanent secretary, ministry of foreign affairs, made the call in Abuja at a meeting with Nagabushana Reddy, Indian high commissioner to Nigeria, on Wednesday.Four Nigerian students were attacked by a mob during a candle-light [...]
Amnesty International has called on Uttar Pradesh authorities to bring to justice those responsible for the attacks against African students, saying the blacks in India are living in fear.This was contained in a statement issued by the group on Wednesday.On Monday, at least four Nigerians sustained injuries in the attacks, which began following the death of a 15-year-old who was [...]
The police in India have arrested five people over the attacks on Nigerian students in Greater Noida, a town in the northern part of the country.At least four Nigerians sustained injuries in the attacks, which began following the death of a 15-year-old who was alleged to have consumed drugs given to him by Nigerians.TheCable had reported how a black student [...]
Narendra Mishra, a journalist with Times of India, has released a video of an assault on a student identified as a Nigerian.Mishra, who was at the scene of the attack, captured the incident.He later tweeted: “Sorry world, we are not like this. Shocking incident in Greater Noida. Three attacks on Nigerians in one day. Where are we heading?”In the [...]
This heartbreaking video shows a baby monkey weeping over its dead mother's body after the mother was killed in a road traffic accident.The incident took place in southern India.According to Times of India, the monkey was knocked down by a vehicle in transit as the mother attempted crossing the road near Elanthur, Kerala.A witness said "losing a loved one will [...]
Nwafor Chima, a Nigerian, who was allegedly found in possession of 263gm of methaqualone powder also called ‘MD rock’, in the Indian state of Maharashtra, fought some police officers in a bid to resist arrest.According to a report by The Times of India, the stocky Nigerian pushed away three cops while attempting to flee, and eight more policemen were called [...]
India’s Narcotics Control Bureau (NCB) has recovered 1.3 kilograms of fine quality Colombian cocaine stashed in 90 capsules from the stomach of a Nigerian, who had come to Delhi from Lome, Togo.According to The Times of India, the accused was taken to hospital where an X-ray confirmed the presence of foreign bodies in his stomach.He was kept in the hospital [...]
Pakistani military brought down an Indian spy aircraft on Saturday, following cross border firing, which led to the deaths of two girls aged four years and seven years.A statement from the Inter-Services Public Relations said the “Indian Quad Copter was shot down by Pakistan troops at the Aagahi Post in Rak Chakri sector”.It is said the aircraft had intruded 60 [...]
Ibe Kachikwu, minister of state for petroleum resources, is seeking $15 billion in advance oil payments from the Indian government, to stem Nigeria’s cash flow challenges.The deal will see the Indian government make an upfront payment for crude purchase to Nigeria, to be repaid on the basis of firm term crude contracts over some years.According to the minister, who is [...]
President Muhammadu Buhari on Tuesday welcomed the proposed $5 billion investment in Nigeria by visiting Indian business delegation, led by Indian Vice-President Hamid Ansari.According to a statement issued by Garba Shehu, Buhari’s senior special assistant on media and publicity, the president made the remark when he received Ansari at the state house, Abuja.Shehu quoted Buhari as saying “India has already invested [...]
A plane belonging to Emirates, a leading airline based in Dubai, United Arab Emirates, coming from India, has crash-landed at Dubai International Airport.According to Dubai Media Office, "Emirate can confirm that an incident at Dubai International Airport on August 3, 2016 at about 12;45 local time."Emirates can confirm that an incident happened at Dubai International Airport on 3rd August 2016 [...]
Banking operations were paralysed across India on Friday as around one million employees went on strike to protest government proposals to reform the industry.Staff from 45 governments, private and foreign banks participated in the strike, which was called by the United Forum of Bank Unions, an umbrella organisation representing nine unions of bank employees.The forum opposes government proposals to consolidate [...]
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