Category Archives: Nigeria News

Nigeria News

Paths of Profit, Not Destruction

Last year, Nigeria took a major economic hit — the country was losing approximately 700,000 barrels of oil per day as militants in the Niger Delta (such as the Niger Delta Avengers) targeted key Critical Energy Infrastructure Assets (CEIA) – such as pipelines, gas & oil platforms, etc.…-  both onshore and offshore. The unanticipated loss in petroleum resource production was one of the drivers of the country’s recession. read more

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Trends and Events in Africa: 2017

by Johan Burger read more

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

Following the huge success of its first and second editions in 2015 and 2016 which attracted over 420 delegates, the 3rd Africa Islamic Finance Forum is set to return, located in Lagos Nigeria 27-28th March 2018 hosted by the Ministry of Finance Nigeria in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group. read more

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Safe, Fast And Transparent Way To Transfer Money Abroad With Transferwise

TransferWise is a unique service that allows sending money abroad using the real exchange rates at no extra hidden charges. This money transfer service is the smart way when sending money abroad fast and does not require a money order. It is 8-times cheaper to transfer money with TransferWise at no added markup to the exchange as is the case with banks and exchange rate companies. read more

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Nigeria: Dangote Donates N1.2 Billion Structure for Business School in Bayero University

The Business Schools being undertaken by the Aliko Dangote Foundation, according to the President of Dangote Group is part of the efforts to build entrepreneurship in the sub-consciousness of Nigerians through education at the highest level read more

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Nigeria’s lost treasure

OP-ED by NJ Ayuk and João Gaspar Marques read more

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Africa Prefers Fair Trade to Marshall Plans – VP Osinbajo

Remarks by His Excellency, Prof. Yemi Osinbajo, SAN, GCON, The Vice President of The Federal Republic of Nigeria, at an Interactive Session Titled “Stabilizing The Mediterranean” at the World Economic Forum in Davos, Switzerland, on Wednesday, 24 January, 2018: read more

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Analysts Predict Bullish Future for Nigeria’s Real Estate Investment Trust (REITs) Market

Nigerian REITs market is underdeveloped with only three established and with a combined market capitalisation of $151 million, or 0.36% of the local stock market read more

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IMF: Nigeria is exiting the recession but the economy remains vulnerable

  • Nigeria is exiting the recession but the economy remains vulnerable.
  • Welcome actions to improve the power sector and business environment under the Economic Recovery and Growth Plan.
  • Macroeconomic and structural reforms remain urgent to contain vulnerability and support sustainable private sector led growth.

An International Monetary Fund (IMF) staff team led by Amine Mati visited Nigeria during December 6-20, 2017 to conduct the 2018 Article IV consultation. Following the conclusion of the visit, Mr. Mati, Senior Resident Representative and Mission Chief for Nigeria at the IMF, issued the following statement: read more

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Nigerian High Court Grants Aiteo’s Benedict Peters Global Judgment in Rem – Declares Earnings as Legitimate

There was no evidence to support the suggestion that any aspect of his business showed any criminal conduct and as such, the allegations were baseless read more

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Top five business risks for West Africa

As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region, says specialist global risk consultancy Control Risks (www.ControlRisks.com) in their annual political and security risk forecast ‘RiskMap’. read more

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Africa will be represented in the International Surrealism Now art Exhibition 2017/2018 which will open in Portugal on December 23

Morocco, Egypt, Nigeria and Algeria are the African countries to be present in the next edition of Surrealism Now, the largest World Surrealism exhibition of the 21st century which gathers art work from more than 48 countries read more

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Africa Presents Unique Challenges for Multinational Corporations

Thabo Mpelele, Sales Manager: Southern & Eastern Africa, Orange Business Services read more

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Kaspersky Lab detects 360,000 new malicious files daily – up 11.5% from 2016

The number of daily detected malicious files reflects the average activity of cybercriminals involved in the creation and distribution of malware read more

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