International

Nigeria’s Ahmed Adamu Elected Chairperson of the Commonwealth Youth Council

A Nigerian, Ahmed Adamu, has emerged the Chairperson of the Commonwealth Youth Council. Little-known Ahmed beat several other delegates from twenty one countries to emerge the winner at an election held Tuesday 12th November 2013, in Hambantota, Sri Lanka. Ahmed

Bill Gates Re-Affirms Commitment to Polio Eradication in Nigeria

Billionaire philanthropist Bill Gates met with Nigerian officials on Monday in Abuja to discuss progress made on the ambition for absolute eradication of polio in Nigeria by mid-decade. He met with President Goodluck Jonathan, members of the House of Representatives,

Nigeria to Overtake South Africa as Continent’s Largest Economy

A poll by Reuters has found that Nigeria is likely to take South Africa’s position as the continent’s largest economy within the next two years. Nigeria’s GDP is projected to increase exponentially when it is rebased at the end of

Euro Spurred by Series of Positive PMIs; ECB Announces Historical Change in Interest Rates

Euro spurred on by series of positive PMIs and ECB announces historical change in interest rates A powerful chain of PMIs was released in the eurozone last week, all beating economists’ expectations and injecting the eurozone with a much needed

Nigeria Attracted N3.2 Trillion Investment in 3 Years

Over $20 billion (N3.2 trillion) in Foreign Direct Investment (FDI) has been attracted into the Nigerian economy in the last three years, a report by the Federal Government has revealed. During a world press conference ahead of the 24th

DHL Invests in West African Infrastructure

DHL, the world’s leading logistics company, has announced an investment in both a facility and air infrastructure in West Africa, to meet the demand for express and freight services in the region. The recent investment includes the launch of a

US Still Affected by Government Shutdown, as UK Recovers

Data in the US got off to a weak start last week, with the Retail Sales figures for September disappointing expectations of a 0.2% rise, having fallen by 0.1%. The poor figure was somewhat vindicated by the fact that

UK Scraps £3,000 Visa Bond for Nigerians

After deliberating on effecting a £3,000 visa bond for Nigerians traveling to the United Kingdom this November, the UK Government has announced the cancellation of the policy. News emerged months back that the UK will demand £3,000 visa bond from

Doing Business Report: World Bank Ranks Nigeria 147

The World Bank, in its ease of doing business report released Tuesday and titled “Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises”, ranked Nigeria 147 of 189 countries surveyed. The report looks at ten indicators, including business registration,

Nigeria-Russia Trade Volume Stands at $250m

The Russian Ambassador to Nigeria, Nikolay Udovichenko has announced that trade volume between Russia and Nigeria has hit $250 million. He made this known at the Nigeria-Russia Business Forum, titled Nigeria-Russia Cooperation: New opportunities. He said, “In terms of statistics,

Nigerian Industrialist Dangote Ranked 64th on Forbes World’s Most Powerful People List for 2013

Nigerian industrialist Aliko Dangote has been ranked by Forbes Magazine as the World’s 64th most powerful person in its 2013 World’s Powerful People Ranking. He is the only Nigerian on the list, and qualifies by virtue of being the richest

President Jonathan and Israeli Counterpart Pledge United Front Against Terrorism

President Goodluck Jonathan, on Monday 28th October, pledged that his administration will not relent in its onslaught against terrorism. The president made this disclosure during a meeting with President Shimon Peres of Israel, stating that Nigeria will welcome enhanced cooperation

EU Appoints New Ambassador to Nigeria, ECOWAS

The European Union has announced the appointment of Michel Arrion as its new ambassador/head of delegation to Nigeria and the Economic Community of West African States. Arrion, who has served in Rwanda, Liberia and Cote d’Ivoire, replaces David MacRae, who

FXTM Inaugurates Forex Demo Contest

Forex trading is about to take on an exciting competitive edge as global broker Forex Time Ltd (FXTM) has announced yet another step in the company’s international expansion with the launch of the company’s first forex demo competition, The Forex

Nigeria Elected To UN Security Council

Nigeria has been elected to UN Security Council for a 2-year term beginning in January 1, 2014. The 15 member council has primary responsibility for the maintenance of international peace and security. Nigeria was elected withChad, Chile, Lithuania and Saudi

Square Cash Allows Money Transfers Via Email

The mobile, and peer-to-peer payment industries are becoming highly competitive. Led byPayPal, Venmo and Google Wallet, these services allow people to send money easily, either to merchants or to friends. Now the credit card processing company, Square, is trying its

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