Tag: Nigeria
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African Fashion Industry Sees Rapid Growth: A New Era of Global Influence
The African fashion industry is on a remarkable growth trajectory, projected to reach a staggering $70.58 billion by 2024. This expansion is fueled by an annual growth rate of 5.16% until 2028, marking a significant shift in the global fashion landscape. This surge in the African fashion sector is largely driven by the growing international…
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๐ณ๐ฌ Nigeria’s House of Representatives is considering a bill to limit the number of federal ministers to 37, local media reports
This measure reportedly aims to reduce costs and improve efficiency in the cabinet of President Bola Tinubu, which currently consists of 45 ministers. The federal lawmaker Mansur Manu Soro, told the media that reducing the cost of governance is crucial. He suggested addressing inequality in the number of ministers appointed from each state and eliminating…
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๐น๐ฉ Chad complains it is fighting terrorism โalone” in the Lake Chad Basin
Chadian defence forces have intensified their operations to track down Boko Haram fighters. This follows a deadly attack in late October in which the terror group targeted a garrison in the Lake Chad basin killing about 40 soldiers. In the aftermath, the president launched operation Haskanite. Authorities say they have killed about 100 fighters. “I…
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XRP, DOGE Lead Crypto Losses as Weekend Pullback in Bitcoin Causes $500M Liquidations
BTC dropped more than 3.5% from its peak, as profit-taking led to a pullback from the near $100,000 mark late Friday. What to know: Bitcoin (BTC) pared last weekโs gains with a price drop from $98,500 to as low as $95,500 during late U.S. hours on Sunday, before recovering, in a move that sent the…
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๐ณ๐ฌ๐ฎ๐ณ India, Nigeria seek to renew long term partnership as PM Modi makes first visit
The Prime Minister of India, Narendra Modi, will be hosted by Nigerian President, Bola Tinubu as he embarks on a state visit to the Aso Rock Presidential Villa on Sunday, November 17. According to a statement issued by the Prime Ministerโs office, Modi will visit Nigeria, Brazil and Guyana on a five-day state visit. Modi…
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๐ฌ๐ง๐ณ๐ฌ UK’s new Conservative leader Badenoch leaves British-Nigerians divided
For some Nigerians and their descendants who call Britain their home, Kemi Badenoch becoming the first Black woman to lead a major British political party is a source of hope and pride. But not everyone is celebrating. Some fear Badenoch, who was born in London to Nigerian parents but lived in Lagos until she was…
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๐ณ๐ฌ Nigeria signs $1.2bn deal with Chinese firm to revamp gas plant for aluminium smelter
Nigeria has signed a $1.2bn (R21.67bn) contract with Chinese state-owned engineering firm CNCEC to revamp a gas processing plant crucial for the country’s aluminium production, its petroleum ministry said. The contract signed between CNCEC and BFI Group โ the core investor in the Aluminium Smelter Company of Nigeria โ is the first step towards reviving…
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๐ณ๐ฌ Nigeria’s power grid partially collapses again, causing blackouts
Nigeria’s national grid suffered a partial collapse on Tuesday, the state power transmitter said, marking the ninth incident this year to have caused power outages across the country. The Transmission Company of Nigeria (TCN) said the grid experienced a disturbance at 12.52pm GMT, triggered by a series of line and generator trips destabilising the system.…
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๐๐บ๐ธ US Elections: How African leaders responded to Trumpโs victory as Americaโs 47th President
This morning, congratulatory messages from world leaders have been pouring in, and African leaders are also joining in to offer their well-wishes. Some of them were: Zimbabwean President Emmerson Mnangagwa. The Zimbabwean president congratulated Trump on the social platform X, writing: โCongratulations to President elect @realdonaldtrump on your election victory. The world needs more leaders…
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Algeria, Nigeria and Uganda received the status of BRICS partner countries
At the BRICS summit held in Kazan, a decision was made to introduce the status of a partner country of the association. It has already been received by 13 countries, including Nigeria, Algeria and Uganda. Also now included among BRICS partner countries are Turkey, Kazakhstan, Uzbekistan, Belarus, Bolivia, Cuba, Indonesia, Malaysia, Thailand and Vietnam. Currently,…
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