June 18, 2013
Nigeria News
New initiative to improve cocoa production in Africa
November 30, 2012A new initiative has been launched to improve cocoa production in Africa, with the launch of the Sustainable Trade Initiative, a sustainable agro-industry project of the Dutch government in the Ivory Coast.
Growing insecurity worries Nigerians
November 30, 2012The growing insecurity in Nigeria caused by A wave of fatal bombings and shootings is leaving Nigerians increasingly worried that insecurity is reaching and alarming level..
Amid the fear and tension, some citizens are thinking that the terrorist group Boko Haram is outsmarting the country’s security forces, with Monday’s attack on the Police Special Anti-Robbery Squad in the capital, Abuja.
Nigeria: Pres. Jonathan assets declaration raises eyebrows
November 28, 2012Amidst doubts over whether Nigerian President Goodluck Jonathan has declared his assets, the Code of Conduct Bureau on Tuesday said in Abuja, the Federal capital, the president has complied.
Mr. Sam Saba, Chairman of the Bureau, disclosed that President Jonathan and his Vice, Namadi Sambo, duly declared their assets in line with Constitutional provisions before they were sworn-in to assume their offices.
Nigeria to process staple crop
November 21, 2012The government of Nigeria will soon establish staple crop processing zones in some parts of the country, Dr Akinwumi Adesina, the Minister of Agriculture and Rural Development, has said.
Adesina made the disclosure Tuesday in Abuja at a meeting with private sector partners in the agriculture value chain convened to garner support for the Federal Government's Agricultural Transformation Agenda (ATA).
Nigerian gov’t seeks to up external debt
November 8, 2012Nigeria finance minister Dr. Ngozi Okonjo-Iweala says the government is seeking approval to increase the country's external borrowing from US$7.9 billion to US$9.2 billion.
Dr. Okonjo-Iweala, a former World Bank vice president, said the federal government also plans to float a one billion Euro bond and another one hundred million dollar Diaspora Fund.
Can Nigerian gov’t halt huge oil theft?
November 7, 2012Nigeria, sub-Saharan Africa biggest oil producer, has continued to suffer huge losses in revenues from oil theft, the recent being a US$1.6 billion scandal.
President Goodluck Jonathan has vowed to curtail the losses, setting up the Petroleum Special Task Force led by the former head of the anti-graft agency, EFCC, Nuhu Ribadu.
Nigerians react to Boko Haram’s call for talks
November 6, 2012An invitation reportedly issued by radical Islamic group Boko Haram to hold talks with the Nigerian government led by prominent Nigerians has surprised many, particularly given the movement's reputation for extremism and violence.
The invitation has met mixed reactions in Nigeria, with the Parliament Speaker, Aminu Tabuwai welcoming the initiative.
Nigerian gov’t rejects Boko Haram conditions for talks
November 5, 2012The Nigerian Presidency has rejected offers for talks from the Islamist sect Boko Haram based on conditions the group has given to end a three-year spate of violence that mainly comprises bombing of civilian targets.
The conditions include that former military leader Gen. Muhammed Buhari is a part of the talks and that the group’s second-in-command joins the negotiating team for the meeting it wants held in Saudi Arabia.
Nigeria: What's Boko Haram’s reason for a Buhari mediation?
November 5, 2012The radical Islamist group Boko Haram has called for a dialogue with the Federal Government to end the three-year insurgency and has invited Gen. Muhammed Buhari to lead the mediation.
The group also named five others, including its second-in-command, Abu Abdulazeez, to be part of the meeting at its preferred venue - Saudi Arabia.
IMF advises Nigeria to cut spending
November 2, 2012The International Monetary Fund (IMF) says Nigeria needs to reduce spending to avoid putting pressure on the crude oil benchmark of US$75 per barrel.
The Nigerian House of Representative wants the fuel price pegged at US$80 per barrel.
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