In Berlin, Nigerian and German firms have solidified their economic partnership by signing two significant agreements, announced a presidential spokesperson. The deals encompass a substantial $500 million renewable energy pact and a gas export arrangement, marking a pivotal step in bolstering ties between the nations. Union Bank of Nigeria and Germany’s DWS Group sealed a Read More…
Tag: Nigeria
Reps pass 2024-2026 budget expenditure framework with 2024 assumption of N700 to $1
The House of Representatives has greenlit the medium-term expenditure framework for 2024-2026, a critical set of assumptions shaping the country’s upcoming budgets. The outlined projections, ratified by President Bola Tinubu’s cabinet before reaching the National Assembly, anticipate the naira to hover around 700 Naira per dollar in 2024, gradually strengthening in the subsequent years. The Read More…
Nigeria’s Group C standings shuffle as Rwanda surprises with victory over South Africa
Nigeria has now slipped to the third spot in Group C for the CAF qualification series leading to the 2026 World Cup. This shift comes after the conclusion of two crucial Match Day 2 games within the group. In a stunning upset at the Huye Stadium in Butare, Rwanda secured a surprising 2-0 win against Read More…
Sun Africa LLC pledges $2.2 billion for Nigeria’s power infrastructure
In a significant move, Sun Africa LLC, an international organisation, has pledged extensive support to bolster President Bola Tinubu’s administration by injecting $2.2 billion into critical power infrastructure development for Nigeria. The Minister of Power, Mr.Adebayo Adelabu, in a statement released in Abuja on Sunday by Mr. Bolaji Tunji, his Special Adviser for Strategic Communication Read More…
UN Humanitarian Coordinator urges sustained support for humanitarian crisis in Nigeria
United Nations Resident and Humanitarian Coordinator in Nigeria, Matthias Schmale, emphasised the imperative need for continuous backing to address the escalating humanitarian crisis in northeast Nigeria. Speaking at a news conference in New York, Schmale stressed, “We are part of the global trend in Nigeria of increasing humanitarian needs, with funding not holding up to Read More…
Super Eagles struggle to secure second consecutive draw against Zimbabwe in World Cup qualifiers
The Super Eagles managed to secure a second successive draw, grappling to maintain a 1-1 stalemate against Zimbabwe’s Warriors in Rwanda. The clash unfolded at the Huye Stadium in Butare, marking a pivotal matchday 2 Group C confrontation in their 10-match journey to qualify for the 2026 FIFA World Cup. After the earlier 1-1 struggle Read More…
Nigeria reflects on dog meat consumption amid South Korea’s bold move to ban practice
In Nigeria, discussions about dog meat consumption spark varied opinions and debates, reflecting a cultural tradition in some regions, particularly the southeastern parts. Despite differing views on this practice, questions loom over its prevalence and societal impact. Amidst this discourse, South Korea has taken a monumental step towards ending the centuries-old tradition of consuming dog Read More…
Nigeria faces crucial Zimbabwe clash following Sadio Mane’s Senegal show
Ahead of Nigeria’s pivotal away encounter against Zimbabwe on Sunday, the spotlight shines on Senegal’s Sadio Mane, who marked his 100th cap in sensational style, notching two goals as Senegal commenced their World Cup qualifying campaign with an emphatic 4-0 home triumph over South Sudan. Mane, a two-time African Footballer of the Year, orchestrated a Read More…
MTN MoMo collaborates with NASME to launch mobile money platform for SMEs
The Nigeria Association of Small and Medium Enterprises (NASME), in conjunction with MTN MoMo, has introduced a mobile money platform aimed at empowering startups and small and medium enterprises (SMEs) to expand their businesses. Announced at the MTN MoMo and NASME Symposium and Exhibition in Lagos, the initiative signifies a concerted effort to bolster the Read More…
Estonian slackliner wows Lagosians with daring 66m rope walk
Lagosians were treated to a stunning display as 31-year-old Estonian, Jaan Roose, showcased his remarkable slacklining skills on a suspended 66m (217 ft) rope, spanning 350 metres between Sterling Towers and the Onome rig, Marina, Lagos. Sponsored by Red Bull, Roose’s mesmerising performance captivated Lagos residents, drawing attention to the art of slacklining—walking on a Read More…