Nigeria: Latest News

  • Q&A: How One U.S. Citizen Is Fighting Malaria In Africa

    By Ann Brown, 9:00 am AFKI Original

    Nigerian-American Osas Ighodaro launched Joyful Joy Foundation in honor of her sister who died of malaria in Nigeria. Today, Joyful Joy fights malaria In Africa. Osas is inspired by the words of Edward Everett Hale, who said, “I am only one; but still I am one. I cannot do everything; but still I can do something; and because I cannot do everything, I will not refuse to do the something that I can do.”

  • Business Bad For Tankers As Africa Oil Flow Slows To China

    By Dana Sanchez, 3:11 pm

    Tanker owners are enduring a fifth year of declining rates as fleet growth outpaces China’s demand for oil from West Africa, according to a Bloomberg report. Each as long as three football fields, very large crude carriers hold 2 million barrels of crude. Daily earnings for these giant carriers plunged 92 percent this year.

  • Global Retailers Eye Growing Middle Class, Opportunity in Nigeria

    Walmart By Makula Dunbar, 10:17 am

    When Shoprite opened its seventh Nigerian shop in the southwestern city of Ibadan, Dayo Oketola fought his way through a crush gathered in front of the glass doors. “When I got inside I discovered many people were there just because they wanted to say ‘I’ve entered a Shoprite!’ Some people looked like they had actually dressed up for the visit,” says the public servant, who stocked up on about 4,000 naira (R252) of groceries.

  • Sweden Looks To Have Closer Economic Ties With Nigeria

    By Ann Brown, 4:00 pm

    From The Guardian In recognition of the immense investments opportunities in the country, the Swedish Government has initiated fresh moves to establish closer economic ties with Nigeria. Sweden, whose present trade volume with Nigeria grew by over 62 per cent, reaching $1 billion as at 2011, noted that there is a shift in Africa, focused […]

  • Ericsson Announced Expansion Of Africa Network Services

    By Ann Brown, 3:00 pm

    From Bloomberg Ericsson AB, the world’s largest maker of wireless-network equipment, plans to expand its network-management services in Africa as more phone companies outsource the technical side of their business. Ericsson, which has contracts to manage Africa network services for New Delhi-based Bharti Airtel and Atlantique Telecom, is in talks with more operators on the […]

  • Talks To Resolve Nigeria’s Academic Strike Stalls

    By Ann Brown, 6:00 pm

    From For the umpteenth time the academic calendar of the nation’s university education system has been brought to a halt due to the industrial action embarked upon since July 1 by members of the Academic Staff Union of the Universities (ASUU). This time it is over the inability of the Federal Government to implement […]

  • Nigeria Gets International Loans To Develop Energy Plan

    By Ann Brown, 4:00 pm

    From Minister of Power, Prof. Chinedu Nebo, said the investments recorded in the telecommunication sector since the introduction of the mobile telephone services in the country would be dwarfed by investment in the power sector, once the ongoing reforms in the sector took firm footing. He spoke to newsmen after a meeting of the […]

  • Trends In Sub-Saharan Africa’s Shifting Social Media Map

    By Dana Sanchez, 5:21 pm

    South Africa, Nigeria and Kenya are the highest consumers of social media in sub-Saharan Africa, with mobile users under 30 being the biggest contributors. Thirty percent of mobile users in sub-Saharan Africa use the Internet on their mobile phones every day, according to Swedish telecommunications company Ericsson.

  • It’s All About HR: Top Employers In Africa Announced For 2014

    By Dana Sanchez, 3:13 pm

    Globally, there has been a shift in the importance businesses place on talent and people management within company structures – and this is very evident in businesses operating in Africa, says Samantha Crous with Top Employers Institute. “There is a great demand for talent and human capital and companies find themselves competing for the most experienced and skilled staff.”

  • AfkInsider Commodities Report: Syrian Crisis Lifts Crude And Gold Prices

    By Dana Sanchez, 11:00 am

    Gold also benefited as investors sought a safe-haven investment amid the rising political tensions in the Middle East and on renewed uncertainty about the outlook for U.S. monetary policy.

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