Nigeria: Latest News

  • 13 African Countries With The Highest Central Bank Interest Rates

    Interest rates in Africa By Peter Pedroncelli, 3:05 am AFKI Original

    Central banks are the national banking institutions that provide financial and banking services for countries’ governing and commercial banking system, including lending money. African countries have some of the highest interest rates in the world, with some even reaching as high as 23 percent. By way of comparison, the U.S. Federal Reserve recently revised the country’s interest rate to 1 percent, while most of Europe’s central banks have interest rates at between 0.25 percent and 2 percent. We take a look at 13 African countries with the highest central bank interest rates.

  • Wealth Opportunity Walks On 4 Legs In Africa: Top Countries For Livestock Investment

    top countries for livestock investment in Africa By Kurt Davis Jr., 5:44 pm AFKI Original

    Africans are demanding more meat in their diets, but consumption may be limited because there are not enough commercial livestock owners producing affordable food. Firms are gobbling up arable land, not just for crop production but also for livestock and cattle. Investment shops are slowly redirecting capital to this subsector of agriculture. Nigeria is in tough times, but people still have to eat. About 45% of rural households own livestock, and meat consumption is strongly correlated to livestock ownership in Nigeria. Fewer than 10 percent of livestock owners function as a business. Most are just supporting the household livelihood.

  • Barclays Launches E. Africa’s First-Ever Gold-Backed Exchange Traded Fund

    first-ever gold-backed exchange traded fund By Dana Sanchez, 5:17 pm

    Each security is equivalent to 100th of an ounce of gold and is backed by physical gold. The Nairobi all-share index hit a 47-month low March 8, driven down by bank stocks and a Safaricom selloff. Having local currency exposure to the spot price of gold is attractive to local pension funds and others restricted in overseas investment. “It makes sense to be adding complexity to the stock exchange… Barclays is ‘pushing at an open door by launching a gold-based ETF,” an investment advisor said. “There’s clearly demand for gold here because people see it as a store of value.”

  • 12 African International Friendly Results From The Last Week

    By Peter Pedroncelli, 4:57 am AFKI Original

    National teams throughout Africa were involved in international friendly matches over the weekend, as they used the FIFA international break as an opportunity to prepare for various qualifying campaigns with encounters against other nations. With the 2019 Africa Cup of Nations (AFCON) and 2018 World Cup qualifying campaigns taking place during the course of this year, the African teams are making the most of friendlies as part of their preparations. We take a look at 12 international friendly results involving African teams from the last few days.

  • Can Aliko Dangote’s Name Help Open The Africa Center In NYC’s Harlem?

    By Staff, 1:01 am

    Halima Aliko Dangote, daughter of Nigerian cement magnate Aliko Dangote, is trying to raise money in Africa to open an African art and policy institute in New York. She hoped to raise up to $5 million at a recent fundraiser in Nigeria, and said she planned similar events in Morocco and Kenya. The building that houses the Africa Center was completed several years ago but the center itself hasn’t opened yet for lack of funds.

  • GE Oil & Gas Opens New Sub-Saharan Africa Facility To Support ENI

    GE Oil & Gas opens new sub-Saharan Africa facility By Dana Sanchez, 4:58 pm AFKI Original

    African exploration took a hit the last two years. Eni’s success shows it’s not over. Eni is Africa’s leading gas producer. With an oil sector less than 10 years old, Ghanaian companies have limited experience providing tech services to offshore operators. GE says it plans to provide training and support for the local oil and gas supply chain, and SMEs. GE’s new Ghana facility is already supporting Eni. Eni’s exploration success rate is the envy of its peers. Most of Eni’s oil finds were discovered in the last decade, mainly in Nigeria, the Congo, Ghana and Angola.

  • 12 Crowdfunding Success Stories That Have Emerged From Africa

    Crowdfunding Success Stories By Peter Pedroncelli, 11:22 am AFKI Original

    The idea of funding a venture by raising money through many small contributions on the internet strikes a chord among Africans. It’s ubuntu at its finest. When Media 24 closed Ideas magazine in South Africa in 2016, former editor Terena le Roux took it upon herself to resurrect the publication. Thanks to support on social media, she launched a crowdfunding campaign via Thundafund. The money continues to come in, and she was able to relaunch the magazine.

  • Victor Moses Withdraws From Nigeria Squad Due To Injury

    Victor Moses - Nigeria squad By Peter Pedroncelli, 3:51 am AFKI Original

    Nigerian international Victor Moses has withdrawn himself from the Nigeria squad to face two friendly international assignments in the coming days, infuriating coach Gernot Rohr. The Chelsea player injured his calf muscle during the London team’s 1-0 FA Cup quarter-final victory over Jose Mourinho’s Manchester United, and as a result he will miss two matches for the Super Eagles.

  • It’s Not All About Money: 14 Happiest Countries In Africa

    Happiest Countries In Africa By Dana Sanchez, 3:22 pm AFKI Original

    Despite declining oil prices, oil-rich Norway is the happiest country in the world — proof that it’s about more than income. The people who live in the happiest countries in the world also value good governance, freedom, generosity, honesty, and health, according to World Happiness Report. There’s a deficit of happiness in Africa. African youth are essentially optimisitic and resilient in the face of poor infrastructure, but they are disappointed with development under democracy, say the authors of the report.

  • 12 African Players To Look Out For In Major League Soccer

    Fanendo Adi - Major League Soccer By Peter Pedroncelli, 1:45 pm AFKI Original

    Major League Soccer in the United States continues to be a popular league for many professional soccer stars from around the world, including some of the best African players. The current season is no different, and African players remain a sought after commodity within the MLS due to their ability to contribute quality performances for their American clubs in the top-flight.
    We take a look at 12 African players to look out for in American Major League Soccer.

More Headlines