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Africa Alert

Nigeria

Published: 24 Oct 2019 18:08

 Nigeria (54) 

Top Stories

Nigeria: Border closure has mixed impact for Nigeria's economy

Two months ago, Nigeria slapped restrictions on cross-border trade with its neighbours, but there are mixed signals as to whether the controversial move is benefitting the country. On August 19, President Muhammadu Buhari dramatically closed Nigeria’s land frontiers to goods traded with Benin, Cameroon, Chad and Niger, saying its economy needed to be protected from ...

Source: Mail (21 Oct 2019 )  Share

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Nigeria, Russia: Buhari leaves Abuja for Russia-Africa Summit, to meet Putin

President Muhammadu Buhari will on Monday depart Abuja to attend a three-day Russia-Africa Summit in Sochi, Russia. The event will be held from October 23 to 25 with a focus on exploring and expanding opportunities in security, trade and investment, science and technology, and gas production. According to a statement made available by the presidency, during the summit, ...

Source: Premium Times (20 Oct 2019 )  Share

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Nigeria, Africa: Experts still skeptical over Nigeria’s role in AfCFT

By ADEBAYO OBAJEMU By eventually plugging into the African Continental Free Trade Agreement ( AfCFTA ) on July 7, 2019 at the African Union Summit held in Niamey, Niger, Nigeria joined the rest of Africa in this trade bloc and  apparently positioned for the benefits. The AfCFTA has as its cardinal objective the creation of a single continental market for goods and ...

Source: Hallmark News (13 Oct 2019 )  Share

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Nigeria: FEC okays establishment of $3bn oil, gas parks

By Lawrence Olaoye The Federal Executive Council (FEC) has approved over $3 billion for the establishment of oil and gas parks in Akwa-Ibom and Bayelsa states FEC also approved the sum of two billion, four hundred and thirteen million, nine hundred and sixty three thousand thirty five naira seventy five kobo (N2,413,963,035.75) for the procurement of aviation security ...

Source: Peoples Daily (17 Oct 2019 )  Share

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Nigeria: CBN to open innovative space for financial services providers

– May punish banks over arbitrage The Central Bank of Nigeria (CBN), yesterday promised to ensure that its regulatory activities create room for high and broader innovation in the banking industry’ especially with the increasing venture of fintech’s in the financial services industry. The apex bank also said it was open to all organisations that are willing ...

Source: Hallmark News (19 Oct 2019 )  Share

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Nigeria:  Lagos Govt, Firms Partner to Build Low-Cost Innovation Centres

Two agencies of Lagos State Government and four firms Thursday announced a partnership towards the construction of five innovation centres across the state, saying the initiatives were designed to ensure capacity building, competitiveness and ecosystem among start-ups and budding entrepreneurs. Addressing a joint press conference in Ikeja Thursay, representatives of ...

Source: This Day (18 Oct 2019 )  Share

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Agriculture & Food

Nigeria: Agric Show: Niger woos investors with areas of comparative advantage

By Musa Adamu Governor of Niger State, Abubakar Sani Bello, said the state would continue to leverage on the vast comparative advantages in the production of rice and other high valued cash crops. He said this was to further encourage both local and foreign investors. Speaking at the 2019 and 12th edition of the annual National Agricultural Show, the Governor who was ...

Source: Peoples Daily (18 Oct 2019 )  Share

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Nigeria:  Fashola Predicts Significant Drop in Food Prices

Abuja — The Minister of Works and Housing, Mr. Babatunde Fashola, has asked Nigerians to expect significant drops in the prices of food consumed across the country. He noted that although the price of food was still high, it was expected to come down significantly as supply increased, adding that this would be possible from improved food production in the country. ...

Source: This Day (18 Oct 2019 )  Share

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Nigeria: Embrace biotechnology to boost productivity, Agric minister tells farmers

The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono, has called on Nigerian farmers to embrace the application of modern agricultural biotechnology in a bid to aid the country in its pursuit for food security ...

Source: Tribune Headlines Today (18 Oct 2019 )  Share

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Nigeria: Nigeria’s government considers new tax on soft drinks

As part of government efforts to diversify revenue streams, Africa’s biggest economy is mulling the imposition of excise duties on carbonated drinks, a Nigerian minister has said. “In expanding the revenue base, we have proposed the increase of VAT but there are also other revenue streams that we are looking at,” said Zainab Ahmed, the Minister of Finance, Budget and ...

Source: Ventures Africa (18 Oct 2019 )  Share

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Nigeria:  2019 Farmers Field Day - Govt to Boost Research Institution

Abuja — Government has promised to boost agricultural research institutions with patent rights on seeds multiplication to improve and increase food production. This was made known by the Minister of Agriculture and Rural Development, Mohmmed Nanono, at the 2019 Farmers Field Day and Seed Fair, held in Sheda, Abuja, which was organised by the National Agricultural ...

Source: Vanguard (21 Oct 2019 )  Share

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Banking/Financial Services

Nigeria: Insurers target N270bn marine premium

By ADEBAYO OBAJEMU There are ongoing discussions between insurers and the Central Bank of Nigeria (CBN), the banking community and other relevant stakeholders that will yield additional N270 billion annual premium income from capital importation into the nation’s insurance industry. Investigation shows that if the proposed plan materialises, it will ensure that about 45 ...

Source: Hallmark News (20 Oct 2019 )  Share

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Nigeria: Banks trump fintechs in battle for instant credit

… Access Bank hits N1bn daily disbursement By AYOOLA OLAOLUWA After a short spell of losing market share to rampaging Financial Technology (FinTech) companies, Deposits Money Banks (DMBs) operating in the country have displaced fintechs firms in the battle for market share and provision of instant financial services to customers, Business Hallmark findings can ...

Source: Hallmark News (20 Oct 2019 )  Share

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Energy

Nigeria: FG secures $3bn World Bank loan for power sector

Despite spending N1.5trillion on the nation’s power sector, the Federal Government has secured a fresh $3billion (N915billion) World Bank loan for the expansion of the transmission and distribution networks in the sector. The approval was given yesterday after a series of meetings held ...

Source: Peoples Daily (21 Oct 2019 )  Share

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Nigeria:  Why GenCos failed to generate 2,352.5 megawatts

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations said that they could not generate 2,352.5 megawatts of electricity on Wednesday due to unavailability of distribution infrastructure. This is contained in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained by News Agency of Nigeria (NAN) in Abuja on Thursday....

Source: News Agency of Nigeria (21 Oct 2019 )  Share

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Environment

Nigeria:  Erosion - Anambra Losing Landmass, People Dying - - Minister

Minister of State for Environment, Mrs. Sharon Ikeazor, has said that Anambra State is losing its landmass while the people are losing their lives and means of livelihood to erosion. The minister, who was accompanied by the Deputy Governor of Anambra State, Dr. Nkem Okeke, on an inspection of some erosion sites recently in the state, called for immediate declaration of a ...

Source: Daily Trust (16 Oct 2019 )  Share

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Nigeria:  Cosgrove Embarks On 1,000 Tree Planting Campaign

An Abuja-based real estate development company, Cosgrove, has kick-started a 1000 tree planting programme in the FCT as part of its Corporate Social Responsibility (CSR) and to commemorate its 2019 Customers Week. Chief Executive Officer, Cosgrove, Mr Umar Abdullahi, who led the exercise, explained the motivation for the tree planting activity saying, "It is to give back ...

Source: Daily Trust (18 Oct 2019 )  Share

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Nigeria: Lagos Flood: The rich also cry!

By YUSUF MOHAMMED Heavy rainfall is something that many Lagos residents, especially those living on the Island would not wish for in a hurry as it brings sorrow to many families after losing properties to flood. And the last few weeks have been different. To most Lagosians living in the most affected areas, the coming of rains is a dreaded annual experience and this year’s ...

Source: Hallmark News (20 Oct 2019 )  Share

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Housing/Real Estate/Construction

Nigeria: Edo Govt To Demolish Illegal Structures

The Edo State Government is set to commence the demolition of illegal structures erected on government property, including public schools and waterways in Benin City and other major settlements in the state. The Commissioner of Physical Planning and Urban Development, Dr. Erimona Edorodion, announced this in a statement on Thursday. The exercise will also ...

Source: Nigeria Real Estate (News) (18 Oct 2019 )  Share

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Nigeria: Lagos govt. partners Igbo market leaders to ensure infrastructure development in marketplaces

The Lagos State Government says it is partnering with Igbo market leaders in Lagos West Senatorial District to ensure infrastructure development in marketplaces in the area. Lagos State Governor, Mr Babajide Sanwo-Olu, said in a statement on Thursday that the consultative meeting with Igbo market leaders from Alaba, Trade Fair axis ...

Source: Pulse (18 Oct 2019 )  Share

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Nigeria: Stakeholders mount fresh pressure over housing sector bills

Again, stakeholders comprising real estate developers, builders, engineers, estate surveyors, and town planners are mounting pressure on the National Assembly to expedite action on the outstanding housing bills before it. The housing bills are yet to be passed by the National Assembly since 20O4. They include the passage of Foreclosure Bill into law to ...

Source: Nigeria Real Estate (News) (21 Oct 2019 )  Share

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Internet/Telecoms/Technology

Nigeria: Collaborate with EFCC to fight cyber crimes

The rise in internet fraud popularly called Yahoo-Yahoo is worsening by the day with many Nigerians detaching themselves from the dangerous trend. No wonder, one begins to express fear for the future generation of Nigerians...

Source: Tribune Headlines Today (01 Oct 2019 )  Share

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Nigeria:  Telecoms Subscriptions Record 2m in One Month to Hit 176.9m

Telecoms subscriptions across all networks increased by two million from July to August 2019, to reach a total of 176.9 million as at August up from 174.9 million subscriptions in July this year. The increase in telecoms subscriptions has also increased its teledensity from 91.65 per cent in July to 92.67 per cent in August this year. Teledensity is defined as the ...

Source: This Day (07 Oct 2019 )  Share

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Nigeria:  MTN Transforms 510 Communities, Harps On Increased Development

Port Harcourt — Telecommunications giant, Mobile Telephone Network (MTN), has said it has impacted development in 510 communities across 454 Local Government Areas of Nigeria. The company revealed this recently in Port Harcourt, during the presentation of awards and appreciation dinner to nominators for communities' development in Abia, Akwa-Ibom, Anambra, Bayelsa, ...

Source: This Day (18 Oct 2019 )  Share

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Leisure/tourism

Nigeria: ANJET seminar: Olota of Otta, Olowo, Akinboboye, others task FG on policy-driven tourism development

Stakeholders in the Nigerian tourism sector have urged government at all levels to focus more on tourism to boost development as alternative source to the country's oil wealth which is fast dwindling. The stakeholders made this call recently in Lagos during an annual tourism seminar ...

Source: Tribune Headlines Today (18 Oct 2019 )  Share

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Manufacturing

Nigeria, China: Nigeria partners China on local transformers production by 2020

Nigeria is to work closely with China for the production of Nigerian-made transformers by 2020, a top ranking Nigerian official said on Thursday. Engr. Mohammed Haruna, the Executive Vice Chairman, National Agency for Science and Engineering Infrastructure (NASENI), who made this known in an interview with the News Agency of Nigeria (NAN) in Abuja, said that the aim of the ...

Source: Hallmark News (17 Oct 2019 )  Share

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Nigeria: Total to build plastics recycling plant in Nigeria

Total Group has said it will build a plastics recycling plant in Nigeria to convert waste to useful products as part of its Corporate Social Responsibility agenda. The oil major said it would set up a sustainable pilot plant to recycle 800 tons of polyethylene and polypropylene yearly from dumpsite in the country as a CSR project. The Executive General ...

Source: Nigeria Real Estate (News) (21 Oct 2019 )  Share

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Nigeria: Stakeholders seek Buhari's assent on Automotive Policy Bill

Stakeholders in the automotive industry have called on President Muhammadu Buhari to give assent to the Automotive Policy Bill passed by the 8th Assembly in October 2018. Speaking at the launch of the Automotive Design Challenge in Abuja, on Monday, a member of the Manufacturing Association of Nigeria ...

Source: Tribune Headlines Today (21 Oct 2019 )  Share

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Oil & Gas

Nigeria: P&ID: Nigeria’ll not pay $9.6bn judgment fine -Petroleum Minister

By Christiana Ekpa The Minister of State for Petroleum Resources, Timipre Sylva, yesterday stressed that the federal government will not pay the $9.6billion judgment fine to Process and Industrial Developments Limited (P&ID) which he described as “fraudulent”. It would be recalled that, a British Court judgment had slammed the fine on the Federal government in ...

Source: Peoples Daily (18 Oct 2019 )  Share

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Nigeria:  Mixed Feelings Over Oil Discovery in the North

Barambu and neighbouring communities in Alkaleri Local Government Area of Bauchi State, near the border with Gombe State, came into limelight again last week following the announcement by the Nigerian National Petroleum Corporation (NNPC) of the discovery of hydrocarbon (oil and gas) deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin. On ...

Source: Daily Trust (19 Oct 2019 )  Share

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Nigeria: Nigerian anti-graft office charges two Britons in connection with failed gas deal

ABUJA (Reuters) - Nigeria’s anti-fraud office on Monday charged two Britons in the capital, Abuja, for alleged money laundering in connection with an ill-fated gas deal that has left the government facing a disputed bill of more than $9 billion. James Richard Nolan and Adam Quinn pleaded not guilty in an Abuja court to 16 counts of money laundering put forward by the ...

Source: Reuters World (21 Oct 2019 )  Share

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Politics

Nigeria: APC coming to correct PDP’s mistakes in Bayelsa – Oshiomhole

The All Progressives Congress (APC) National Chairman, Adams Oshiomhole, has said the party will correct all the wrongs committed by the Peoples Democratic Party (PDP) in Bayelsa State, if it wins the governorship election in the state. Mr Oshiomhole said this at the flag-off of the party’s campaign in Ogbia town, Ogbia Local Government area of the state. He said the ...

Source: Premium Times (21 Oct 2019 )  Share

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Nigeria: Social Investment Programme: $104 million released within a year – Presidency

The Nigerian government released $104 million (N31.8 billion) in the August/September 2018 to September/October 2019 payment cycle for the delivery of social investment programmes across the country. The Special Adviser to the President on Social Investment, Maryam Uwais, said this in her keynote address on Monday at a two-day Experts’ Training and Advocacy on Tracing ...

Source: Premium Times (21 Oct 2019 )  Share

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Nigeria: Release funds to MDAs, Reps tell AGF

By Christiana Ekpa The House of Representatives today directed the Accountant-General of Federation, Mallam Ahmed Idris to make available to it, capital releases to Ministries, Departments and Agencies (MDAs) from January to October. The House also asked the Accountant-General to submit the report of the mandatory return of 25% to the treasury by revenue generating MDAs from ...

Source: Peoples Daily (21 Oct 2019 )  Share

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Nigeria: Embattled: Zainab Ahmed’s headache worsens

By UCHE CHRIS Since the details of the 2020 budget were first released through the Medium Term Expenditure and Fiscal Paper, MTEF, for the budget years 2020-2022 budget cycle not a small anxiety has gripped the nation. Most experts have averred that the premises and parameters are suspect and the assumptions could lead the nation into deeper financial problems. The actual ...

Source: Hallmark News (20 Oct 2019 )  Share

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Nigeria: Groups support NDDC audit, want new board to supervise process

Civil society groups and concerned individuals on Thursday hailed President Muhammadu Buhari for directing that a forensic audit be conducted on the operations, programmes and activities of the Niger Delta Development Commission (NDDC). A development economist, Jeffrey Emerson, the executive director, Civil Society Legislative Advocacy Centre (CISLAC), Auwwal Rafsanjani, and ...

Source: Premium Times (18 Oct 2019 )  Share

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Nigeria: Gunshots in Abuja as police disperse protesting Shi’ites

Security Officials have dispersed a procession of members of the banned Islamic Movement of Nigeria (IMN) who trooped out to call for the release of their leader, Ibrahim El-Zakzaky. WITHIN NIGERIA recalls that Police had earlier issued warning in a reaction to the group’s plan to hold its yearly Arbaeen procession, saying: “Since it (IMN) is proscribed, the police as a law enforcement agent won’t sit and look at people take the laws into their hands.”

Source: Within Nigeria (18 Oct 2019 )  Share

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Nigeria: Again, Nigeria govt vows to deal with purveyors of fake news, hate speech

The Nigerian government has restated its stance to punish purveyors of fake news and hate speech. The government has been criticised by many Nigerians who accuse it of planning to use hate speech and fake news as a means to clamp down on critical views. Many Nigerian activists, journalists and social media commentators are already being tried or detained for their ...

Source: Premium Times (20 Oct 2019 )  Share

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Ports & Shipping

Nigeria: Niger Delta remains hotbed for global maritime insecurity ' SOAN

The Ship Owners Association of Nigeria (SOAN) has announced that come November, Lagos will witness the convergence of the biggest gathering of shipowners and maritime stakeholders at its first Shipping Expo ...

Source: Tribune Headlines Today (18 Oct 2019 )  Share

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Nigeria: Wharf thieves return, break cargoes inside Nigerian ports

In recent times, cargo and vehicle containers have been found broken into and tampered with before being brought down for cargo examination in Apapa and Tin-Can ports. TOLA ADENUBI reports why petty robbers better known as 'Wharf rats' ...

Source: Tribune Headlines Today (19 Oct 2019 )  Share

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Trade & Investment

Nigeria: Chaka gives Nigerians access to trading, investment in over 40 countries

Global trading platform, Chaka, which offers customers access to Nigerian and global financial assets, was launched in the country last Tuesday. The technology-enabled platform, referred to as a digital Investment Passport, allows users to invest in stocks listed on NASDAQ, the New York Stock Exchange (NYSE) and the Nigerian Stock Exchange (NSE). It offers over 4000 assets ...

Source: Ventures Africa (21 Oct 2019 )  Share

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Nigeria, Ghana: Ministers In Nigeria Over Trade Blockade

THE MINISTER FOR Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, recently met Nigeria’s Foreign Minister, Geoffrey Jideofor Kwusike Onyeama, in Abuja for Nigeria’s borders to be re-opened. Together with Ghana’s Trade and Industry Minister, Alan Kyerematen, Madam Botchwey also held discussions with the Minister of Industry, Trade & ...

Source: Daily Guide Africa (Business) (18 Oct 2019 )  Share

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Nigeria:  Fish Farmers Hail Govt Over Move to Ban Fish Importation

Abuja — Fish farmers under the auspices of Fisheries Cooperative Federation of Nigeria, FCFN, on Wednesday, hailed the Federal Government over the move to ban fish importation. Expressing optimism over the statement made by the Minister of Agriculture and Rural Development, Mohammed Nanono, the National President of FCFN, Anthony Asgaye, while speaking with ...

Source: Vanguard (17 Oct 2019 )  Share

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Nigeria:  CBN, IMF Disagree Over Impact of Forex Restrictions On FDI Inflow

The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country. CBN Governor, Mr Godwin Emefiele, while speaking at a joint press conference with the Minister of Finance, Zainab Ahmed, at the just ...

Source: Vanguard (21 Oct 2019 )  Share

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Nigeria, Togo:  La filière tomate du Togo définitivement coupée de son débouché nigérian ?

Les producteurs de Tomates togolais doivent-ils craindre pour la perte complète du marché nigérian ? C'est la grande interrogation que cette information suscite dans les esprits, surtout que depuis la fermeture des frontières du Nigeria avec le Bénin voisin, il a fallu une intervention de l'Etat à travers diverses structures pour ...Translate

Source: Visiter Télégramme228 (21 Oct 2019 )  Share

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Transport

Nigeria, Benin, Côte d'Ivoire, Ghana, Togo: Establish a Management Authority to fast-track implementation of Abidjan-Lagos Corridor Development Project - President

Accra, Oct.18, GNA - President Nana Addo Dankwa Akufo-Addo on Friday urged member countries of the Abidjan-Lagos Corridor Highway Development Project to urgently establish an Office of the Abidjan-Lagos Corridor Management Authority (ALCoMA) for successful implementation of the project. This, he said, would ensure that issues relating to ...

Source: Ghana News Agency (Business) (19 Oct 2019 )  Share

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Nigeria, China: FG sends 150 Nigerians to China to study railway engineering — Minister

The Federal Government has sent over 150 children to Chinese universities to study railway engineering, Transportation Minister, Rotimi Amaechi, said at the National Assembly on Monday. Mr Amaechi appeared before the National Assembly’s joint committee marine transport for the budget defence session of the sector. He spoke on maintenance and sustainability of trains ...

Source: Premium Times (21 Oct 2019 )  Share

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Nigeria: 2020 budget: 47 priority road projects to be completed soon

By Mashe Umaru Gwamna Minister for Works and Housing Babatunde Fashola,said the Ministry has about 524 road projects across the country, out of this, the ministry had categorized about 47 as priority projects to be completed. He said that reasonable amount of the 2020 Budget of his Ministry would be channeled towards completion of some priority on-going road projects in ...

Source: Peoples Daily (16 Oct 2019 )  Share

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Nigeria: South West PDP Backs Makinde’s Reconstruction Plan for Iwo Road Interchange

The South-West chapter of the Peoples Democratic Party (PDP) has commended the decision of Gov. Seyi Makinde of Oyo State to reconstruct the Iwo Road Interchange, describing the move as bold and courageous. The South-West PDP, in a statement issued on Tuesday, in Ibadan, by Mr Ayo Fadaka, the Zonal Publicity Secretary, said that the planned reconstruction was “well-thought-out and a reflection of governance with people’s interest at its core.”...

Source: This Day (22 Oct 2019 )  Share

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Nigeria: LASEMA warns against obstructing waterways

Dr. Olufemi Oke-Osanyintolu, the Director-General, Lagos State Emergency Management Agency (LASEMA), has warned residents to stop building structures on waterways. Oke-Osanyintolu in Lagos on Friday that indiscriminate building on waterways was largely responsible for flooding in the state. “Residents should stop building structures to prevent the free flow ...

Source: Nigeria Real Estate (News) (21 Oct 2019 )  Share

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Women and youth

Nigeria: SPECIAL REPORT: Inside Nigeria’s rice mills where manual, child labour thrive

The clatter of the belt against the roller sets a familiar motion for the workers. The resulting noise brings a grim countenance to the faces of the workers. In an instant, those feeding their babies stopped, while the ones eating hastened up. Others engaged in other chores outside shelved them and the dusty engine room once again became lively. A powered rice huller ...

Source: Premium Times (19 Oct 2019 )  Share

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Nigeria: Unemployment: Youths should look beyond white-collar jobs

The Co-founder of a multilevel marketing and manufacturing company, Norland Nigeria, Mrs Anthonia Ibekwe has urged unemployed youths not be fixated on white-collar jobs but explore other legitimate ways of making a living. ...

Source: Tribune Headlines Today (17 Oct 2019 )  Share

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Nigeria:  NECA's Network of Entrepreneurial Women Builds Mentorship Network

NECA's Network of Entrepreneurial Women (NNEW) sixth annual summit tagged 'Power Up, NoLimitations', was a two-day event aimed at empowering and encouraging women to embrace entrepreneurship, prosper in business for the general good of the society and achieve total well-being while impacting others. The organisation is geared towards being the perfect network for budding ...

Source: This Day (18 Oct 2019 )  Share

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Other

Nigeria, UK: Nigerian painting fetches £1.1m after Google search

A painting by the Nigerian artist responsible for the "African Mona Lisa" sold at auction in London on Tuesday for £1.1m (1.3m euros, $1.4m) after the family who owned it googled the signature and realised its importance. "Christine", by 20th century master of African modernism Ben Enwonwu, had been in the sitter's family home ever since it was painted in ...

Source: News24 (16 Oct 2019 )  Share

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