Tag: Nigeria
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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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Big Barrels: African Oil and Gas and the Quest for Prosperity
Big Barrels takes aim at the perception that in Africa oil and gas can do no good. For decades, resource wealth in Sub-Saharan Africa has been synonymous with corruption and dysfunction. The reality is far more complex and generally more encouraging. In a series of eight case studies Big Barrels looks at what African nations…
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Nigeria launches initiative to create a unified language for the country
NICO, the National Institute for Cultural Orientation, aims to promote national unity by reducing language barriers. NICO’a Executive Secretary Otunba Biodun Ajiboye announced the initiative during a press briefing for the International Day of Intangible Cultural Heritage. “We believe that establishing a common language will promote unity among us. We plan to seek guidance from…
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Nigeria to roll out a new malaria vaccine
Nigeria will become one of the first countries to roll out a new malaria vaccine after receiving a first batch of 846,200 doses. Developed by scientists at the University of Oxford in England, the R21 vaccination was produced by the Serum Institute of India and Novavax. The Nigerian Health Minister, Muhammad Ali Pate, says the…
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Reports that Nigeria has rejected Shell’s $1.3 billion oil asset sale
Nigeria’s oil regulator has rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not qualified to manage the assets, Lagos-based yesterday newspaper reported on Wednesday. Shell on Jan. 16 announced its exit from Nigeria’s onshore and shallow water operations after agreeing to sell the business to a…
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BRICS Investment in Nigeria Surges 189% in Six Months
Nigeriaโs foreign capital inflows from BRICS nations surged by 189% in the first half of 2024, rising from $438.72 million in 2023 to $1.27 billion, according to data from the National Bureau of Statistics (NBS). This increase comes amid Nigeriaโs efforts to join the expanded BRICS coalition, which added Saudi Arabia, Iran, Egypt, Ethiopia, and…
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