Tag Archives: nigeria

Nigeria, Senegal, Cape Verde Dominate West African Hotel

West Africa has been at the heart of the continent’s growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region’s economy is expected to rebound in 2017 onwards. Commodity-based economies, like Nigeria, are slowly recovering from the fall in oil prices and oil production, while countries like Côte d’Ivoire, Mali, and Senegal …

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Flour Mills of Nigeria Plans Share Sale to Reduce Debt

Flourmills Building

Flour Mills of Nigeria has concluded plans to sell shares through a rights issue to cut debt and is registering a N70 billion bond programme to refinance short-term loans, the conglomerate said on Wednesday, Reuters has reported. Several Nigerian companies have tapped capital markets this year to shore up their balance sheets after a currency crisis in 2015 dragged the …

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Mercer South Africa Ltd enters into Strategic Partnership with EZ37 Solutions Nigeria

Mercer (www.Mercer.com) South Africa (Consulting) (Pty) Ltd has announced on 25 October 2017 that it has entered into a strategic partnership agreement with EZ37 Solutions Limited (www.EZ37solutions.org), a Nigeria based Human Resources firm. Under the terms of the agreement, global human resources consultancy Mercer, will utilize the deep knowledge of the local Nigerian market and the wide relationships already in …

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Independence Anniversary: It’s Time For Nigerians To Unite -Hon Oladipupo Adebutu

As Nigeria marks her 57th anniversary, the citizens have been asked to embrace unity despite the nation’s diversity. Making this call in a statement on the independence celebration of the country on 1st October, Chairman, House of Representatives Committee on Rural Development, Hon. Oladipupo Adebutu stressed that the country could only achieve its desires if her citizens co-habit as one. …

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Climate Shock: How Soil Degradation Brought Nigeria Deaths, Sorrow, Distrust

Christ Living Church Mission House, Nimbo, torched on April 25, 2016

Herders and farmers now share a fragile co-existence in Nigeria, further underscoring the fact that man needs the environment and the latter doesn’t need him. Tayo Olanipekun writes that effects of Climate Change on rural dwellers are quite death-dealing. He also focuses on how soil degradation brought death, sorrow and distrust.   Attacks on farmers by suspected Fulani herdsmen may …

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Nigerian Government Begs Dangote to Complete Refinery Before 2019

The Federal Government has said it relies heavily on the Dangote refinery (www.Dangote.com) to fulfill its promise to Nigerians to end fuel importation by December 2019. To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited the Dangote oil refinery site at Lekki Free Trade Zone, in Lagos, said the government is ready to play …

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Nigeria, UN sign 5-year Sustainable Development Partnership Framework

Nigeria and the United Nations (UN) on Thursday signed a five-year Sustainable Development Partnership Framework (UNSDPF) (2018-2022) which is a successor programme to the current United Nations Development Assistance Framework III (UNDAF III) (2014-2017) in Nigeria. The signing ceremony, which was done in Abuja, was the result of the joint effort between the United Nations, the Government of Nigeria and …

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Buhari’s anti-graft war suffers massive setback as Egmont Group suspends Nigeria

President Muhammadu Buhari’s anti-graft war has suffered a massive setback with the suspension of the Nigerian Financial Intelligence Unit (NFIU) from the Egmont Group, TheCable can report. And if Nigeria fails to comply with the group’s demands for a legal framework granting autonomy to the NFIU by January 2018, the country will be expelled from the global body which provides …

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Libya, Nigeria May Be Asked to Cap Oil Output, Kuwait Says

Organisation of Petroleum Exporting Countries

Libya and Nigeria, which have both boosted oil production since they were exempt from global cuts this year, may be asked to cap their crude output soon in an effort to help re-balance the market, Kuwait Oil Minister Issam Almarzooq said. OPEC and non-OPEC producers have invited the two African nations to their committee meeting in St. Petersburg, Russia, on …

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EU Withdraws Financial Support for Nigeria, Says Country Not Poor

The European Union (EU) has withdrawn financial support for Nigeria, saying the country has enough resources to meet her developmental needs. The Head of EU delegation to Nigeria and ECOWAS, Ambassador Michel Arrion, gave the charge thursday at an annual distinguished lecture organised by IBB Golf Club in collaboration with Foundation for Global Impact and Sustainable Development. He said what …

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