Tag Archives: nigeria

Nigeria’s debt rises by N7.1tn in two years

The nation’s total indebtedness to foreign and local creditors now stands at N19.16tn, the Debt Management Office has said. This is N1.8tn increase from the N17.36tn recorded at the end of December 2016. As of March 31, 2015, the country’s total debt stood at N12.06tn. This means the debt level increased by N7.1tn in two years. Segmenting the national debt, …

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Nigeria, Morocco deal to boost fertiliser production by 1.3m tonnes

A Memorandum of Understanding (MoU) for the supply of phosphate between Nigerian and Moroccan governments is expected to lead to the production of 1.3 million tonnes of fertilizer in the country. The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, disclosed this while receiving the National Coordinator of the New Partnership for African Development (NEPAD-Nigeria), …

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Nigeria, India trade hits $643.3 billion in one year

The Indian High Commission has said that the total trade between Nigeria and India in the past one year has hit $643.3 billion Head of Chancery at the High Commission of Indian, Lagos, Mr. Jagdeep Kapoor, made this known at the Indian products and services exhibition held in Lagos. He said, “India as we know, is Nigeria’s largest trading partner. …

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Ghana’s President-elect, Nana Akufo-Addo Visits Buhari, Pledges Improved ties

Ghana’s President-elect, Nana Akufo-Addo, yesterday vis­ited President Muhammadu Buhari at the Presidential Villa, Abuja and pledged to improve ties between his country and Nigeria. Akufo-Addo also extend­ed birthday greetings to Bu­hari, who turned 74 on Sat­urday and shares same birth date with the president-elect’s mother. In a brief chat with State House correspondents after his meeting with Buhari, he said: …

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TODAY’S HEADLINES: Wed. 14th Dec. 2016

Nigeria

PUNCH *Buhari presents 2017 budget to N’Assembly today *FG, South Africa to implement mining pact *Ember months not for road accidents, says FRSC *Pastry producer tackles company over N8.6m generator *Panic as inmates escape from Owerri prison *Biafra: By the time I finish testifying there will be no Nigeria, Nnamdi Kanu tells Judge **Rivers United hit Madrid for pre-season www.punchng.com/ …

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South Africa overtakes Nigeria as African largest economy

  South African economy has regained the position of Africa’s largest in dollar terms, as the value of the nations’ currencies moved in opposite directions, this is coming barely two years after losing it to Nigeria. According to Bloomberg report, based on GDP at the end of 2015 published by the International Monetary Fund (IMF), the size of South African’s …

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British envoy seeks trade increase with Nigeria market

By Friday Ekeoba The trade relationship between Nigeria and the UK may soon get a further boost, as the UK’s Prime Minister Trade Envoy to Nigeria, John Howell has called for more collaboration and strengthening of existing business opportunities between both countries. He said the Nigeria market with lots of business growth potentials remained untapped, noting that the British government is more than ever ready …

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Ese Oruru, fistulas and other matters

For a properly educated individual, a case of minor getting pregnant shouldn’t only be surprising, but equally worrisome. Such is the case of Ese Oruru, 14 year old girl who was reportedly abducted from her home in Bayelsa State, Southern Nigeria and taken to Kano, a northern city. Different accounts of this story have been published including the young girl’s …

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Today in Nigeria (Tuesday, 8th March)

The day started on a tragic note as a five-storey building under construction collapsed around Chisco bus stop, Lekki, Lagos State, killing six people about 4:30am. Nigeria today joined the rest of the world to mark the International Women’s Day 2016. Deputy Governor of Lagos State, Dr. (Mrs.) Idiat Oluranti Adebule, made case to end gender discrimination against women in …

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