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Friday 05th June 2020,
Hope for Nigeria
India’s export to Nigeria triples

India’s export to Nigeria triples to $11bn

By Vera Sam Anyagafu & Prisca Sam-Duru The Head of the Lagos office of Indian Embassy Rani Malick, has disclosed that India’s export to Nigeria during the past few years has tripled to the tune of 11 billion dollars due to [...]

January 22, 2014 Business
Nigeria raises Diaspora bond to $300m

Nigeria raises Diaspora bond to $300m

President Goodluck Jonathan has sent a request to the National Assembly to approve an increase in the amount to be raised through the Diaspora Bond by 200 percent from an initial $100 million ,to $300 million. The request is contained [...]

January 22, 2014 Business

FG targets 10,000MW of electricity with 200 dams

The Federal Government has said it is currently building over 200 new dams in order to achieve its target of 10,000 megawatts of electricity at the end of this year. Vice-President Namadi Sambo stated this on Tuesday while granting an [...]

January 22, 2014 Power

CBN Raises CRR on Public Sector Funds to 75%

Steve Omanufeme,    Eromosele Abiodun   and James Emejo The Central Bank of Nigeria (CBN) Tuesday rose from its first Monetary Policy Committee (MPC) meeting this year to further raise banks’ Cash Reserve Requirement (CRR) on public sector deposits from 50 per [...]

January 22, 2014 Business, Finance
Ngozi Okonjo-Iweala,

FG springs surprise with social security initiative

Coming straight out of the blue, the Federal Government yesterday announced it was in discussions with the Brettonwoods institution,the World Bank, to trash out what it terms “a comprehensive social protection scheme” for the country. Government said the scheme will [...]

January 21, 2014 Societal issues
Nigeria Considers Doubling Diaspora Bond to Lure Citizens

Nigeria Considers Doubling Diaspora Bond to Lure Citizens

Nigeria may more than double the size of a planned $100 million diaspora bond to tap demand from nationals living outside the continent’s most populous nation to fund projects back home. The Debt Management Office is set to ask lawmakers within [...]

January 21, 2014 General

Nigeria will start exporting cars soon —Jonathan

President Goodluck Jonathan on Monday expressed the belief that with the measures put in place by his administration, especially the new National Automotive Industry Policy; the country would soon be exporting cars to other countries. Jonathan spoke at the Presidential [...]

January 21, 2014 Business

Jonathan Leaves for Switzerland Today

To attract international  investors to WER in Abuja Jaiyeola Andrews President Goodluck Jonathan will today leave Abuja, for the World Economic Forum (WEF) in Davos, Switzerland. At the forum, the president is expected to lead efforts aimed at attracting beneficial [...]

January 21, 2014 Government and politics

Unbundled Power Sector a new investment hub

By Princewill Ekwujuru Oxford Business Group (OBG) has identified the newly unbundled power sector as the investment hub in Nigeria for years ahead. The global publishing research and consultancy firm stated this  in a report titled:  ‘Nigeria 2013’ noting that [...]

January 20, 2014 General

EU Hails Nigeria’s New Identification Scheme

By Emma Okonji The European Union (EU) has said that the mandate of the National Identity Management Commission (NIMC) to create a unified identification system in Nigeria would help bring real and recognisable benefits to Nigeria and other countries across [...]

January 20, 2014 Societal issues

Fire razes 23 buildings in Norwegian town

The fire in the riverside village of Laerdalsoyri, some 200 kilometres north-west of Oslo, began in a house on Saturday evening. Fanned by strong winds, the blaze raged out of control overnight and it took firefighters until Sunday afternoon (local [...]

January 20, 2014 General
US agencies commit $2.5b to new electricity investments in Africa

US agencies commit $2.5b to new electricity investments in Africa

The U.S. initiative that aims to double access to electricity in Nigeria and other sub-Saharan Africa has provided new investments to the fast-growing region, amounting to over $2.5 billion, according to representatives of three key agencies that support the project. [...]

January 20, 2014 Africa

Fast food: not the main cause of kids’ obesity

Fast-food consumption is often blamed for the epidemic of obesity and overweight among children in the US. But a new study finds that poor eating the rest of the day is most strongly linked with weight issues. “While reducing fast [...]

January 20, 2014 General, Health issues
Domestic gas price to rise soon, to attract investment

Domestic gas price to rise soon, to attract investment

The Federal Government is working to come up with a new price regime for domestic gas within three months, informed industry sources have disclosed. The move is intended to encourage gas producers who have been clamouring for incentives to produce [...]

January 20, 2014 Business

South Africa – 4 killed in protest

South Africa – According to the report, a man injured when residents of a township clashed with police has died, raising the number of people killed in the violence to four. Mothutlung residents had been demanding access to water. Violent protests [...]

January 20, 2014 Africa

UK – Disabled parking for obese people

    Obese drivers are allowed to park in disabled ways because they are too fat to walk short distances. The free permits for spaces next to shops, stations and other busy areas are being handed out by councils to [...]

January 20, 2014 International

Coach Admits Super Eagles Deserved Their Victory

  The head coach of Bafana Bafana, Gordon Igesund, said in Cape Town that the Super Eagles deserved their 3-1 win against his team in their final Group A match at the ongoing 2014 African Nations Championship (CHAN) on January [...]

January 20, 2014 Sports

Man attack by angry croc but survives

A 73 year-old man named Peter Watson,  survived a crocodile bite by the skin of his toe this week. Watson, owner of Crocodile Creek on the North Coast of Durban, had told his assistant to go home because it was [...]

January 20, 2014 International

Central African Republic – Bodies burnt in street

In Bangui,  capital of Central African Republic, a Christian has killed and burned two Muslims in the street, in the latest sectarian clash. The gangs told they would carry on killing Muslims in their area. French and African Union soldiers [...]

January 20, 2014 Africa

6.3-earthquake jolts New Zealand

A powerful 6.3-magnitude earthquake rattled New Zealand Monday, jolting buildings, halting train services and trucks, but there were no immediate reports of major damage or injuries. The quake, which struck at 3:52pm (0252 GMT), was centred in the North Island [...]

January 20, 2014 International

4-year-old boy shot, killed by his 4-year-old cousin

A 4-year-old boy was fatally shot by his 4-year-old cousin in Detroit Thursday.  The police said it was a tragic, avoidable accident. The shooter was the boy’s 4-year-old female cousin. Sgt. Michael Woody, a Detroit police spokesman, said the children [...]

January 18, 2014 Crime, International, What the papers say

Nun gave birth to a baby boy

A nun from Italy has given birth to a baby boy after being rushed from her convent to hospital earlier this week with severe stomach cramps. The woman, originally from El Salvador, said she had no idea she was pregnant after giving [...]

January 18, 2014 International

21 killed in Kabul restaurant attack

Gunmen and a Taliban suicide bomber  attacked a restaurant with foreigners in the Afghan capital that killed up to 21 people including three United Nations staff and the IMF‘s top representative in Afghanistan. Gunmen burst into the restaurant spraying diners with bullets after [...]

January 18, 2014 International

Former Deputy Governor, Botmang, Dies – Plateau

A former deputy governor of Plateau state, Chief Michael Botmang is dead. Botmang died at the age of 76 in the early hours of Saturday January 18th in Zawan, Jos South Local Government Area of the state. He was said [...]

January 18, 2014 Government and politics

South Africa: More than 1,000 rhinos killed in 2013

In South Africa, more than 1,000 rhinos were killed last year at a record-breaking rate.  This could wipe out the country’s entire population of white and black rhinos in a little over two decades. The environment ministry said 1,004 animals were killed [...]

January 17, 2014 Africa, Environmental issues

A healthy lifestyle can save your heart

Eating an apple a day could lessen the risk of heart disease.  This is as effectively as taking a statin. Indeed, if everyone in the UK over 50 who is not taking statins followed Grandma’s advice, it could prevent 8,500 [...]

January 17, 2014 General, Health issues
Are you looking for the best business opportunities in Nigeria

Top 15 Fast Growing Business Opportunities in Nigeria For 2014 – Part 1

Are you looking for the best business opportunities in Nigeria? Then continue reading to discover a detailed lists of the top 15 fast growing business opportunities this year 2014. Many foreign investors and entrepreneurs are searching for business opportunities which [...]

January 17, 2014 Business

South Africa released patients with deadly TB

The spread of a deadly tuberculosis in South Africa is being fueled by the release of infected patients to their general community, according to a study. Scientists tracked 107 patients with extensively drug-resistant TB, also known as XDR-TB in three [...]

January 17, 2014 Africa, Health issues

Attention: Beer can break your brain

If you’re a  looking forward to a couple of pints of beer tonight, you might want to stop at one. Men in their 40s who drink just two pints of beer a day risk accelerating mental decline by up to [...]

January 17, 2014 General, Health issues

Cape Town Civic Centre Jumper – presently receiving treatment

Cape Town – The man who jump off the Cape Town Civic Centre on Thursday has been admitted to hospital and presently receiving treatment, according to spokesperson Lt Colonel Andre Traut. “Our role was to negotiate him down and we [...]

January 17, 2014 Africa, General