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 [...]
Tag "India"
ON THE GO
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 [...]
At least 15 people have been reported dead, with about 100 others missing and injured in the collapse of a bridge in North Kolkata in India.The bridge, which was billed for a 2012 completion, was still under construction at the time of its collapse on Thursday, following financial troubles by the implementing agency.Mamata Banerjee, West Bengal chief minister, has arrived at [...]
Aliko Dangote, president of Dangote Group and Africa’s richest man, is sending about 800 Nigerians to India, to learn the operations of a petrochemical refinery.The 800 Nigerians will travel to the Asian country over the next 24 months in a batch of fifties, to learn from the nation with the largest refinery in the world.India is home to the world’s [...]
President Robert Mugabe of Zimbabwe suddenly cancelled his participation at a cultural festival in India, citing “poor security”.Addressing journalists on Thursday, George Charamba, Mugabe’s spokesman, said the president who had been in the Asian country was to return home.“The cancellation follows communication from organisers of the festival acknowledging substantial inadequacies in protocol and security arrangements around the event,” he said.Mugabe, [...]
Nigeria will be the third most populous country in the world by 2050, standing behind just India and China, a United Nations study has projected.Nigeria’s population, currently the seventh largest in the world, is growing most rapidly and is projected to surpass that of the United States by about 2050, at which point the African country would become the third largest in the world.According to [...]
The International Energy Agency (IEA) says crude oil prices would remain lower than $80 a barrel up until 2020.In the 2015 edition of its flagship World Energy Outlook (WEO 2015) publication, the reputable energy controlling body said the plunge in oil prices has set in motion the forces that lead the market to rebalance.“In the central scenario of WEO-2015, a [...]
President Muhammadu Buhari says some of the ministerial nominees will end up “sitting” in federal executive council sessions rather emerging substantive ministers.In an interactive session with journalists in New Delhi, capital of India, on Friday, Buhari lamented state of the economy, saying: “The government is broke”.“There used to be 42 ministers but we will be lucky if we can have half [...]
In what could be regarded as one of his most emotional statements, President Muhammadu Buhari on Friday said when he departs this world, he will like to be remembered as a man who led the battle against corruption.Buhari has been accused of being selective in the fight against corruption but the president believes that some of the criticisms are meant [...]
President Muhammadu Buhari will leave Abuja on Tuesday for New Delhi to participate in the 3rd summit of the India-Africa Forum aimed at boosting socio-economic development in Africa and India.Femi Adesina, special adviser to the president on media and publicity, disclosed this in a statement issued in Abuja on Sunday.Adesina said Buhari, Prime Minister Narendra Modi of India and other [...]
At least 61 people have been confirmed dead, following a massive heatwave in Egypt, the country’s ministry of health has confirmed.The heatwave which drove extreme temperatures in the north African country has led to the admission of about 600 people in various hospitals across the country.According to Hossam Ghaffar, a spokesperson from the country’s ministry of health, the problem faced [...]
The Indian government says it has directed internet service providers and telecom operators in the country to block 857 pornographic websites.The directive came after the Supreme Court expressed concern, over the home ministry's failure to block websites, featuring child pornography.An official, who does not want to be named, said the original petition, which led to the Supreme Court response in [...]
Ajjampur Ghanashyam, the Indian high commissioner in Nigeria, says about 1,100 Nigerians are serving various prison terms in India.Ghanashyam said both countries are making arrangements to sign prisoners transfer agreement that would allow prisoners to return to their home countries to serve their jail terms.“When I came to Nigeria, there were about 1,800 Nigerians in our prisons and that was [...]
Illegally-made alcohol has killed not less than 99 people, while rendering scores to various degree of sickness in a slum in Mumbai, Indian, authorities have confirmed.According to Dhananjay Kulkarni, spokesman of the Mumbai police, 46 people have been hospitalised, with a bulk of them in critical condition.“More than 150 have consumed this alcohol. The death toll may rise,” he said, [...]
Advertisement
