Nigeria’s external reserves have been projected by analysts in the financial sector, to rise to $30 billion by March 2017. The reserves which dropped to $23.9 billion on October 19, 2016, increased to $28.9billion as at January 24, 2017, buoyed by the rising oil prices and stability in the Niger Delta region. Nigeria’s foreign reserves rose to the highest level in May 2013...

Nigeria’s Federal Government has appointed Stanbic IBTC and Goldman Sachs as its financial advisers for the $300 million Diaspora Bond which will now be rolled out before H2 of the year, rather than initial March 2017 scheduled date. This bond which is in line with the Federal Government’s External Borrowing Plan for 2016 – 2018, is aimed at diversifying government’s sources of...

Nigeria has signed the African Union Agreement on Cross-Border Corporation, making it the 11th country to do so. This convention was signed at the ongoing 28th African Union Summit in Addis Ababa. The Niamey Convention, which was adopted in 2014, is aimed at promoting Cross Border Corporation at local, sub-regional and regional levels with the purpose of ensuring a peaceful resolution of border...

Seplat Petroleum has released a new crude grade from the OMLs 4, 38 and 41 fields in Delta State as Nigeria struggles to quell the impact of militant attacks on one its key crude oil blends. This new grade called Forcados Light, replaces the regular export grade, Forcados Blend and is being shipped through a terminal at the 125,000 bpd Warri refinery. Seplat has confirmed that the new crude is...

China has emerged as Nigeria’s leading source of imported goods with an import value of $1.6 billion, about 20% of the country’s total imports, Nigerian Bureau of Statistics’ (NBS) merchandise trade data revealed. According to the NBS’ latest foreign trade statistics for the third quarter of 2016, besides China, Belgium is the second largest source of imports during this period,...

There are concerns that Nigerians might be at risk of losing American entry visas which have two-year validity, except the government make changes to its existing immigration policy with the United States. This is coming after U.S’ President, Donald Trump (photo), issued an executive order limiting immigration from seven Muslim-majority countries. Nigeria currently issues a multiple-entry...

In the southern part of Senegal, people of Kolda still blame the municipal authorities of Saré Bidji for taking lands situated in Saré Bidji communal perimeter from 600 of them. As reported by information website Xibaruu, “the township is depriving the people of orchards and farms. These families can’t just sit there and let that happen”. The expropriated’s anger is most...

ASKY, your Pan-African Airline with its wide network of destinations in West and Central Africa, is pleased to have been selected by several national football federations to transport delegations to Gabon for the African Cup of Nations 2017 (AFCON 2017). Already in partnership with some National Football Association in the elimination stages of the AFCON GABON 2017, the Airline has seen its...

The Federal Government of Nigeria has revealed plans to support the United Nations’ World Food Programme (UN –WFP) in creating a food centre in the country. This was declared by Zainab Ahmed (photo), the Minister of State for Budget and National Planning, while responding to the presentation made by the Executive Director of UN-WFP, Ertharin Cousin, on the organization’s plans and...

Agricultural solution provider and equipment supplier, Dizengoff Nigeria Limited, has entered into a partnership with a global equipment manufacturer, Case IH, with the aim of improving farming and transforming the Nigerian agricultural sector through mechanization. This was declared by the CEO and Country Manager of Dizengoff Nigeria, Antti Ritvonen who said that for Nigeria to be independent...