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Chibok girls: U.S. pledges support for Nigeria’s anti-terrorism fight, victims’ families

The United States Government has pledged to support Nigeria’s fight against terrorism, as the country marks a decade of the mass abduction of over 200 schoolgirls in Chibok, North-East, by terrorists. This is contained in a statement issued by the spokesperson of the U.S. Embassy, Aishah Gambari, on Sunday in Abuja. Gambari said the U.S....

Nigeria’s President Bola Tinubu bans foreign trips by government officials – News
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Nigeria’s President Bola Tinubu bans foreign trips by government officials – News

Nigeria’s President Bola Tinubu will introduce a three-month ban on ministers and other government officials from going on publicly funded foreign trips. Mr Tinubu’s chief of staff said the move was prompted by the president’s “concerns about the rising cost of travel expenses” by public officials. The ban will take effect on 1 April. President...

Nigeria’s Osimhen named African player of the year
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Nigeria’s Osimhen named African player of the year

Napoli’s Nigeria striker Victor Osimhen was named men’s African player of the year on Monday during a ceremony organised by the Confederation of African Football (CAF) in Marrakesh, Morocco. Osimhen, who led Napoli to win the Italian League title last season, beat Paris Saint-Germain’s Morocco right-back, Achraf Hakimi and Liverpool’s Egypt winger, Mohamed Salah, to...

Experts fear Nigeria’s food inflation could worsen hunger crisis
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Experts fear Nigeria’s food inflation could worsen hunger crisis

Millions of people in Africa’s most populous country, Nigeria, are struggling with economic problems analysts say were caused in part by government reform policies introduced earlier this year. Nigeria scrapped fuel subsidies in May, leading to price hikes in food, transportation and energy costs. Data released last week by the National Bureau of Statistics showed...

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AfDB, partners inject $1bn to fund Nigeria’s SAPZs

African Development Bank (AfDB), Islamic Development Bank (IsDB) and the International Fund for Agricultural Development have voted $1billion to deliver Special Agro-industrial Processing Zones (SAPZs) across 24 states in Nigeria. This is in addition to an initial $520 million voted by the development partners for the development of eight SAPZs projects in the country. President...

Ventures Africa BizHive: Ventures Africa releases its new Entertainment business edition — The New Wave of Nigeria’s Soft Power
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Ventures Africa BizHive: Ventures Africa releases its new Entertainment business edition — The New Wave of Nigeria’s Soft Power

Ventures Africa (www.VenturesAfrica.com), an online platform that tells stories about an evolving Africa, has released a new edition of its business magazine, Ventures Africa BizHive. The magazine covers news analysis and discussions around entrepreneurship, evolving business trends and innovations around Africa. The latest issue, titled ‘The New Wave of Nigeria’s Soft Power’, explores the sharp-rising entertainment business...

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Nigeria’s young population a global asset, U.S. official says

Ms Joy Basu, the Deputy Assistant Secretary of United States, Bureau of African Affairs, has described Nigeria’s young population as an asset to Africa and the world at large. Basu made the remark during a visit to Vibranium Valley Tech City to discuss about the African economy on Saturday in Lagos. She said it was...

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DMO says Nigeria’s 6th Sovereign Sukuk oversubscribed

The Debt Management Office (DMO) says its N150 billion Sovereign Sukuk has received a subscription of N652.827 billion. The Director-General of the DMO, Patience Oniha, made this known on Thursday in Marrakech. According to Oniha, subscription level, which is 435 per cent of the N150 billion original amount, shows that the level of awareness of...

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Ceramic Production: An agenda for Nigeria’s economic revival

The emergence and development of ceramic industries in Nigeria boomed between 1970 and 1980, riding on the back of availability of raw materials, massive human resources and adequate technology. The earlier ceramic industries have all gone moribund and unlimited quantities of substandard ceramics products are being continuously imported into the country. Prior to 1980, the...