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Africa Alert

Nigeria

Published: 10 Jan 2020 23:30

 Nigeria (52) 

Top Stories

Nigeria: Nigerians’ top expectations for 2020 revealed

from  EMEKA OKONKWO  in Abuja, Nigeria ABUJA –  A MAJORITY of citizens in Africa’s most populous country, Nigeria, expect improvements in the economy, job creation and energy supply in 2020. This is according to findings from an annual survey, the New Year Poll to gauge the expectations of Nigerians for the year. The result survey by NOIPolls revealed that ...

Source: TechnoAfrica (Companies) (08 Jan 2020 )  Share

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Nigeria:  Ekpo - Nigeria's Greatest Problem Is Poor Governance

Prof. Akpan Ekpo, who is the Founder, Foundation for Economic Research and Training and a former Director General, West African Institute for Financial and Economic Management, in this interview speaks on the performance of the economy in 2019. He also speaks about his expectation in the new year. Excerpts: Review of 2019 In 2019, the economy did not do very well in ...

Source: This Day (03 Jan 2020 )  Share

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Nigeria: Atomic energy chairman, son, three others killed in Kaduna explosion – Presidency

The presidency has confirmed that at least five people were killed in the gas explosion that occurred Saturday in Kaduna. President Muhammadu Buhari also expressed deep sadness over the explosion which led to the death of the Chairman, Nigeria Atomic Energy Commission, Simon Mallam, his son and three others at Sabon Tasha area of Kaduna on Saturday. PREMIUM TIMES reported ...

Source: Premium Times (05 Jan 2020 )  Share

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Nigeria:  Analysts Seek Speedy Reforms in Oil Sector to Boost Investments

Analysts have called for speedy reforms in the oil and gas sector to boost investments in 2020, stressing that the apparent reluctance of the federal government to implement reforms such as the downstream sub-sector deregulation threatens the economy and may hamper investments. Analysts at Cordros Capital Limited, a Lagos-based investment and financial advisory firm, ...

Source: This Day (08 Jan 2020 )  Share

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Nigeria: Nigeria raises alarm after US killing of Iranian general

ABUJA, (CAJ News) – NIGERIA is on high alert to curb disturbances that might emanate from the United States-ordered killing of an Iranian General. Police have been placed on red alert amid fears the Islamic movement in the West African country could embark on massive public disturbances and sabotage. Inspector General of ...

Source: CajsNewsAfrica (News) (07 Jan 2020 )  Share

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Nigeria: Media boost as Africa’s largest economy goes digital

from  OKORO CHINEDU  in Lagos, Nigeria NIGERIAN media have volunteered to complement the government’s drive towards a digital economy. This follows the recent launch of the Digital Economy Media (DEMS) Volunteers in the commercial capital of Lagos. Peter Oluka, spokesperson of the initiative, said the move was in line with government’s remodeling ...

Source: TechnoAfrica (Companies) (06 Jan 2020 )  Share

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Agriculture & Food

Nigeria, Morocco: Don wants Morocco to assist Nigerian agric using biotechnology

The Head of Department, Crop Science and Biotechnology, Imo State University, Owerri, Professor Onuh Martin Onuh, said Nigeria should tap into Moroccan method of using microorganisms to solve some problems in agriculture ...

Source: Nigerian Tribune (06 Jan 2020 )  Share

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Nigeria:  Katsina to Vaccinate 10,500 Cattle Against Contagious Pneumonia

The Daura Local Government Council in Katsina State says it will vaccinate 10,550 cattle against Vontagious Vobine Chloro Pneumonia (CVCP). Malam Buhari Fago, the Director of Agriculture and Natural Resources of the council, disclosed this during the commencement of the exercise in Daura on Wednesday. He said the exercise would be conducted across 10 designated ...

Source: Vanguard (08 Jan 2020 )  Share

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Nigeria: How agro industrialisation can help achieve economic transformation

The Managing Director, AgroNigeria, Mr Richard-Mark Mbaram, says agro industrialisation is key to achieving economic transformation, the Sustainable Development Goals (SDGs), food security and improved nutrition. Mbaram, who is also the Director-General of Feed Nigeria Summit (FNS), said on Tuesday in Lagos that agriculture played a critical role in transforming economies to reach the SDG’s, along with achieving other essential development goals such as ensuring food security and improved nutrition.

Source: Nigerian Tribune (08 Jan 2020 )  Share

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Banking/Financial Services

Nigeria:  Unlocking Consumer, Real Sector Lending

The Central Bank of Nigeria's directive on minimum loan-to-deposit ratio to be held by banks will play a major role in stimulating economic activities in the coming year, writes Obinna Chima In the next 48 hours, the deadline for banks to shore up their minimum loan-to-deposit ratio (LDR) to 65 per cent will elapse and market participants would be expecting the next line ...

Source: This Day (31 Dec 2019 )  Share

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Nigeria:  Expanding BDC Operations With Diaspora Remittances

The Bureaux De Change have for years supported the Central Bank of Nigeria's commitment to exchange rate stability. To continue to play this role, the Association of Bureaux De Change Operators of Nigeria believes the success of BDCs goes beyond favourable rates but access to multiple streams of forex earnings to deepen the market, keep the naira stable and boost their ...

Source: This Day (02 Jan 2020 )  Share

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Nigeria:  Inside Details of UBA's Rightsizing Exercise Affecting Hundreds of Staff

Hundreds of staff of the United Bank for Africa (UBA) will no longer be on the employment of the bank in 2020 after they were asked to resign in an on-going restructuring exercise being conducted by the bank, PREMIUM TIMES ' findings show. Multiple sources told this newspaper that many of the affected staff are officers who have spent between 10 to 13 years in the ...

Source: Premium Times (08 Jan 2020 )  Share

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Economy/Markets

Nigeria: Weekly Economic Index: Oil prices jump after U.S. airstrike on Iran

Below is the Ventures Africa Weekly Economic Index, for the week ending 3rd of January, 2020. This economic index gives you a glimpse into other recent activities in Nigeria’s economy as well as changes and prices that could affect the economy: Nigerian Stock Exchange Data released by the Nigerian Stock Exchange (NSE) as of January 3rd 2020, showed that ...

Source: Ventures Africa (06 Jan 2020 )  Share

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Nigeria: SEC targets exchange-traded derivatives in Nigeria’s capital markets

Nigeria’s market regulator is turning attention to the development of an efficient derivatives trading market, which it outlines as one of its major objectives for the year. Belonging to the realm of advanced investing and found in major markets across the world, derivatives are financial instruments whose values are reliant upon or derived from an underlying asset or ...

Source: Ventures Africa (07 Jan 2020 )  Share

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Nigeria:  FSDH Predicts Rise in Private Sector Investment in 2019

Analysts at FSDH Merchant Bank Limited have predicted that the share of private sector investment in Nigeria's Gross Domestic Product (GDP) will average 23 per cent in 2019. The noted that private investment has been on an upward trend as it accounted for 19 per cent of GDP in 2018. The actual figure achieved in the first quarter of 2019 was 25 per cent. FSDH ...

Source: This Day (23 Dec 2019 )  Share

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Education

Nigeria: Ikpeazu inaugurates committee on establishment of Abia University of Science and Technology

Governor Okezie Ikpeazu of Abia State has set up a seven-member exploration committee on the establishment of Abia State University of Science and Technology. The committee comprises Anya O. Anya as the chairman, Isaac Nnadi, Uwaoma Olewengwa, Benjamin Ozurumba, Ikechi Mgbeoji, John Ogunji and Nduka Ekere. Inaugurating the committee, Mr Ikpeazu pledged the commitment of ...

Source: Premium Times (06 Jan 2020 )  Share

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Nigeria: How Lafarge is impacting Nigeria’s youngest minds through its literacy initiative

For 12-year-old Bamigbola Olaoluwa from Ayetoro in Abeokuta, lack of finance means he has to forfeit his dream of going to school to take up an apprenticeship in Lagos state.  “After my primary school, there were no funds for me to proceed with my education. I came to Lagos to train to become a panel beater,” he said. “After my training, I would like to further my ...

Source: Ventures Africa (08 Jan 2020 )  Share

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Energy

Nigeria:  Govt to 'Subsidise' Electricity Cost Pending New Tariffs in April

The federal government will continue to subsidise the gap in electricity cost to consumers pending the adjustment in tariffs announced by the Nigerian Electricity Regulatory Commission (NERC) on Saturday. On Saturday, NERC announced a new multi-year tariff order (MYTO) to supersede the previous one issued since 2015. In its announcement, the electricity sector ...

Source: Premium Times (06 Jan 2020 )  Share

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Nigeria:  Do Not Let the Mambilla Dream Die

When the Nigerian government announced its approval for the Mambilla Hydro-electric project more than two years ago, many people thought the Buhari government has untied the Gordian knot regarding perhaps the most ambitious power projects in the country. More than two years and still counting and with not a single equipment mobilised, compensation unpaid and worst of all, a ...

Source: Daily Trust (06 Jan 2020 )  Share

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Nigeria:  Electricity Tariff - Minor Review Order Has No Immediate Impact On Consumers, Says NERC

The Nigerian Electricity Regulatory Commission (NERC) has said the minor review order released by the Commission on January 3 has no immediate impact on end-user tariffs. NERC's General Manager, Public Affairs Department, Mr Usman Arabic, made this known in a statement in Abuja. Arabi said the order was to establish the impact of the exogenous macroeconomic parameters ...

Source: This Day (08 Jan 2020 )  Share

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Nigeria:  Discos Promise Gradual Application of New Tariffs

Electricity distribution companies (Discos) have said application of the new tariffs recently reviewed by the Nigerian Electricity Regulatory Commission (NERC) would be gradual and less painful to customers. They also attributed the inability of the Transmission Company of Nigeria (TCN), generation companies (Gencos) as well as the Discos to deliver stable power supply ...

Source: This Day (07 Jan 2020 )  Share

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Environment

Nigeria:  Land Disputes Delaying Clean-Up of Ogoniland - Govt

The Federal Government on Monday says it is committed to cleaning up the hydrocarbon impact on communities in Ogoniland in spite of challenges being faced in the exercise. Dr Marvin Dekil, the Project Coordinator, Hydrocarbon Pollution and Remediation Project (HYPREP), disclosed this to the News Agency of Nigeria (NAN) on the sidelines of the 2020 Ogoni Day celebration ...

Source: This Day (07 Jan 2020 )  Share

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Nigeria: Nigerian communities struggle with devastating oil spills

Martha Alfred used to harvest 20 bags of cassava each year before an oil spill forced her to abandon her field and hawk roasted fish to survive. Her smallholding at Ikarama-Okordia, a community in southern Nigeria's Bayelsa state, became unfit for growing crops after crude from a nearby Shell facility spewed into the environment last August, she says. Today, the 33-year-old ...

Source: Sierra Leone News (03 Jan 2020 )  Share

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Nigeria: Lagos state needs 5,000 mobile toilets to eliminate open defecation—Expert

The Executive Director, Poly Products, Lagos, Mr. Pavan Gwalani on Thursday said Lagos state needs 5,000 mobile toilets to eliminate the menace of open defecation. Gwalani, in an interview in Lagos, said: “With a population of almost 20 million people, 5,000 mobile toilets should serve about 40 people daily.“ He, however, urged stricter sanctions which he ...

Source: Nigeria Real Estate (News) (06 Jan 2020 )  Share

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Housing/Real Estate/Construction

Nigeria: Are ready-made housing units panacea for Nigeria's housing deficit

Lack of adequate and affordable housing units has been a major challenge in Nigeria for long and over the years, the importance of housing as an important and critical component of the national social and economic framework has been emphasised. YEJIDE GBENGA-OGUNDARE reports that private real estate companies are taking over the challenge by making ready-made houses available ...

Source: Nigerian Tribune (20 Dec 2019 )  Share

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Nigeria:  Apapa-Oworosoki Concrete Road Is Strategic Economic Intervention - Fashola

The reconstruction of the port access road- Apapa-Tin Can-Mile 2-Oshodi-Oworosoki-Toll Gate, using concrete, should be regarded as strategic economic intervention, Minister of Works and Housing, Babatunde Fashola has said. The concrete road's reconstruction will be complete before the end of next year, ahead of schedule, according to Alhaji Aliko Dangote, whose company ...

Source: This Day (31 Dec 2019 )  Share

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Nigeria: Fire razes storey building belonging to 82-year-old man

There was confusion in Ibadan, the Oyo State capital on Tuesday as a storey building belonging to an 80-year-old man went up in flames in Ijokodo community around 2:10pm. The entire top structure was torched with properties worth millions of naira damaged. The 82-year-old man, Chief Amoo-Onidundu, reportedly built the house in 1978. It was gathered that the ...

Source: Nigeria Real Estate (News) (08 Jan 2020 )  Share

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Internet/Telecoms/Technology

Africa, Nigeria: Big investment in African tech set to continue in 2020

2019 was the year that dealmaking on the continent got serious. Very serious. In November alone, indeed one specific seven-day period in the month, investors announced over $400m for various fintechs on the continent. This was the wildest week the sector had ever witnessed. And no, it wasn’t a flurry of announcements for modest rounds, but in fact a succession of big-ticket ...

Source: Ventures Africa (06 Jan 2020 )  Share

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Nigeria:  Lagos, 13 Others Hike Cost of RoW for Telecoms Infrastructure

Fourteen states, including Lagos, Kano, Anambra, Ondo, Cross River, Kogi, Osun, Kaduna, Enugu, Adamawa, Ebonyi, Imo, Kebbi and Gombe, have hiked the cost of Right of Way (RoW) for telecoms infrastructure, THISDAY's investigation has revealed. THISDAY gathered that agencies and ministries of some of these states have increased the cost of RoW from the initial fee of ...

Source: This Day (06 Jan 2020 )  Share

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Nigeria:  MTN Paid Nigerian Government Over N1.7tr As Taxes - COO

Lagos — Africa's leading telecommunication company, MTN Nigeria, has revealed that it has paid the Nigerian government a total of over N1.7 trillion in taxes till date, saying over 20 million Nigerians live in areas where MTN is the only network provider. The Chief Operating Officer, MTN Nigeria, Mazen Mroue, disclosed this while speaking on "MTN's Value ...

Source: Daily Trust (08 Jan 2020 )  Share

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Nigeria: Galaxy Backbone MD tasks Nigerians on digital economy

Nigerians have been advised to explore the potentials in digital economy for sustainable development in the country. The Newly appointed Managing Director of Galaxy Backbone limited, GBB, Professor Muhammad Abubakar gave the advise in Abuja, Nigeria as he assumed office. “In line with the vision establishing the organization to drive national development through ICT ...

Source: Hallmark News (03 Jan 2020 )  Share

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Nigeria: Nigerian Builds Yoruba Time-telling App

Moyinoluwa Adeyemi, a graduate of Obafemi Awolowo University (OAU) in Osun state, has received lots of commendations for developing ‘Yoruba Watch Faces’ — an Android app which tells time in the Yoruba dialect. Adeyemi, who obtained a degree in computer science and mathematics from the institution, built the app in 2016, after extensive research alongside her friends. ...

Source: Nigeria Daily Independent (08 Jan 2020 )  Share

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Manufacturing

Nigeria: AfCFTA: Nigeria’s manufacturers’ union wants government, private sector synergy

The Manufacturers Association of Nigeria (MAN) has advised the federal government to address the gaps in the nation’s economic ecosystem to benefit from the Africa Continental Free Trade Area ( AfCFTA ) in 2020. The Director-General of MAN, Segun Ajayi-Kadir, spoke to the News Agency of Nigeria (NAN) on Saturday in Lagos. Mr Ajayi-Kadir said the government should focus ...

Source: Premium Times (04 Jan 2020 )  Share

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Nigeria:  Notore Begins Turn Around Maintenance of plant

Africa's leading chemical and agro-allied company, Notore Chemical Industries Plc, has announced the commencement of the Turn Around Maintenance ("TAM") of its plant. A disclosure sent to the Nigerian Stock Exchange said that the TAM is aimed at returning the company's operating plant to its 1,500 metric tonnes per day (MTPD) and 500,000 million tonnes per annum (MTPA) ...

Source: Premium Times (07 Jan 2020 )  Share

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Oil & Gas

Nigeria: What will it take for 2020 to truly be the year of Gas in Nigeria? (By NJ Ayuk)

“The Honorable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has declared 2020 as the year of Gas for the Nation”, the news piece started. What amazing news! And certainly long overdue. As it seems, Nigerian officials have finally taken the cue. As I have said ever so often, more than an oil nation, Nigeria is a gas nation. It just doesn’t act like it ...

Source: Africa Newsroom (03 Jan 2020 )  Share

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Nigeria: Gas explosion: SON to prosecute importers, distributors of substandard LPG cylinders

The Standard Organisation of Nigeria (SON) says it will prosecute importers, manufacturers and distributors of substandard Liquefied Petroleum Gas (LPG) cylinders and other products as provided by law. The Director General (DG) SON, Osita Aboloma, gave the warning on Tuesday during a visit the scene of Gas explosion at Sabo Tasha, Kaduna, in which six people lost their ...

Source: Premium Times (07 Jan 2020 )  Share

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Nigeria:  NNPC Declares N13.23bn Surplus for October

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of N13.23billion in October 2019. This represented an increase of 54 per cent compared to N8.59 billion surplus posted in September 2019. The corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of October released recently. The report reflected the ...

Source: This Day (06 Jan 2020 )  Share

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Nigeria:  How Indiscriminate Location of Oil Facilities Endanger Lives

The streets leading into Tipper Garage axis of Abule-egba area of Lagos are usually crowded. At an end of one of the streets, a group of shirtless kids played football on a dusty field. Behind them stood a make-shift football viewing centre, built with bamboo sticks. Adjacent the football pitch are makeshift mechanic workshops, occupied by numerous apprentices. Some metres ...

Source: Premium Times (06 Jan 2020 )  Share

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Nigeria: Nigerians used 18 billion litres of petrol in 2019 – PPPRA

About 18 billion litres of petrol (PMS) was supplied in Nigeria for 2019, a report by the Petroleum Products Pricing Regulatory Agency (PPPRA) has said. The Executive Secretary of the agency, Abdulkadir Saidu, in the report, emphasised the need for enhanced private participation in the refining business, as well as the revamping of the nation’s refineries for improved ...

Source: Premium Times (08 Jan 2020 )  Share

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Nigeria: Magu mulls stiffer penalties for oil thieves in 2020

By Ese Awhotu The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu has vowed to intensify the fight against oil thieves in the Niger Delta region. Magu who noted that the anti-graft agency will not relent in fighting oil thieves, said oil thieves in the Niger Delta will find it tough to sabotage Nigeria’s economy through their ...

Source: Peoples Daily (08 Jan 2020 )  Share

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Politics

Nigeria: Atiku, PDP represent Nigeria’s ‘wasted past’- APC

The ruling All Progressives Congress (APC), has taken a jab at the main opposition party, PDP, and its 2019 presidential candidate, Atiku Abubakar, over the latter’s recent tweet to his party members ahead of 2023 general elections. Mr Abubakar, a former vice president, in a tweet on Saturday, urged members of his party to focus on “rebuilding and strengthening ...

Source: Premium Times (05 Jan 2020 )  Share

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Nigeria:  #EcologicalFund: How Federal Government Diverted N93.7 Billion Meant for Ecological Interventions

Abuja — Nigeria is a country blessed with many resources. A young vibrant population, abundant mineral resources (which are either not fully explored or whose potentials are exploited by only a few in power). Besides, the country's diaspora population has swag when it comes to impact. Or how do you beat the remittances of US$25 billion which according to PwC, ...

Source: Dataphyte (02 Jan 2020 )  Share

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Nigeria, Chad: Panique et fuite de civils après le départ de l'armée tchadienne

Le Tchad a mis fin à sa mission contre Boko Haram dans le nord-est du Nigeria voisin et a retiré ses 1 200 hommes de l'autre côté de la frontière, a déclaré samedi à l'AFP un porte-parole de l'armée. Des centaines de civils nigérians, installés à proximité des contingents tchadiens, ont fui par crainte de nouvelles attaques des djihadistes. ...Translate

Source: Alwhida Info (News) (04 Jan 2020 )  Share

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Nigeria: Delta govt reaffirms determination to resolve oil coys, host communities feud

From Nosa Akenzua, Asaba The Delta State Government on Thursday reaffirmed her stance with a view to resolving all crisis involving oil exploration, and its host communities for the benefit peaceful coexistence in the state Chief Edwin Uzor, Special Adviser to the state governor,Dr Ifeanyi Okowa on Conflicts Resolution who spoke to journalists in Asaba, however, called on ...

Source: Peoples Daily (03 Jan 2020 )  Share

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Nigeria: Lauretta Onochie’s incurable obsession with the Igbo

For the umpteenth time, special adviser to President Muhammadu Buhari on social media – if she still holds that portfolio – Lauretta Onochie, has found time to lash out at the Igbo nation, her convenient whipping child. The only group he finds easy to insult to justify her position as an official internet troll, which of course media aides are ...

Source: Hallmark News (08 Jan 2020 )  Share

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Nigeria: Nasarawa: Paramount ruler calls for peaceful coexistence

From Gambo Ahmed, Lafia The paramount Ruler of Kodape Cheifdom (ETSU KODAPE) in Karu Local Council of Nasarawa State, Chief Sabo Fyeunu has urged the entire ethnic nationalities residing in Kodape Chiefdom to always embrace peace. Chief Sabo who made the call yesterday at the installation ceremony of the Minister of State Science and Technology, Muhammad Abdullahi Hassan as ...

Source: Peoples Daily (03 Jan 2020 )  Share

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Nigeria:  2023 - APC Targets Three States in South-East

Leaders of the All Progressives Congress (APC) in the South-east on Thursday said the party hopes to win at least three governorship elections in the region. The party also said it was targeting at least three speakership positions in the state assemblies in the zone and also hopes to have its members win a majority of the National Assembly seats for the zone. The APC ...

Source: Premium Times (03 Jan 2020 )  Share

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Transport

Nigeria, Turkey:  AIB Investigates Turkish Airlines' Incident in Port Harcourt

The Accident Investigation Bureau (AIB) has started investigation into an incident involving an A330-300 aircraft, with registration number TC-LOL, operated by the Turkish Airlines. The General Manager, Public Affairs, AIB, Mr. Tunji Oketunbi, made this known in a statement issued in Lagos yesterday. The statement noted that the bureau was notified that at about 3.30 ...

Source: This Day (06 Jan 2020 )  Share

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Nigeria:  Flight Disruptions Continue As Harmattan Bites Harder

Lagos — Massive flight disruptions continue yesterday following the nationwide harmattan haze which has reduced visibility and hampered aircraft movement, Daily Trust reports. Since the commencement of the harmattan season which is expected to last till around March-April, many flights have been either cancelled or delayed. The Nigeria Civil Aviation Authority ...

Source: Daily Trust (06 Jan 2020 )  Share

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Nigeria: How Nigeria’s rail sector fared in 2019

Major decisions were taken in 2019 as regards the rail sector of the country by the federal government. Some of the decisions were seen as a consolidation to gains earlier made. While many citizens argue Nigeria should have moved past the stage in which it is in the rail system, others disagree. Those dissenting, argue that the country would eventually achieve success in the ...

Source: Premium Times (04 Jan 2020 )  Share

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Women and youth

Nigeria:  20 Women Who Will Shape Events in Nigeria in 2020

As part of its series on prognosis of what the new year has in stock for Nigeria and its citizens, THISDAY Board of Editors today presents outstanding women it believes would have significant impact on the political and business environment that would shape events in the country. Aisha Buhari: Advocate in the Power Chamber Time was when wives of Nigerian ...

Source: This Day (03 Jan 2020 )  Share

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Nigeria: When you include women, youths in governance, the tendency for success is high - Prof Helen Bodunde

ProfessorHelen Bodunde is a Professor of Communication and Teaching English as Second Language at the Federal University of Agriculture ... In this interview by TAYO GESINDE, among other interesting issues addressed, she says gender equality can only be achieved when there is gender mainstreaming ...

Source: Nigerian Tribune (08 Jan 2020 )  Share

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