Nigeria makes historic drug bust
By Guardian Exclusive
19 September 2022 | 8:08 pm
This is what $278 million (₦195 billion) worth of cocaine looks like. This revelation was made possible after NDLEA operatives raided a warehouse in Lagos and arrested four Nigerians and a Jamaican.
Hip-hop and rap in the Hausa language is trending in northern Nigeria. The young artists are focused on peace, love and patriotism. But the new music wave isn't for everyone in this Muslim-dominated part of Nigeria.
Lying on a small bed next to her mother, 14-month-old Aisha Usman stares blankly, her eyes sunk in their sockets and rib cage visible.
The Nigerian government has proposed to borrow over 11 trillion naira to finance the proposed 2023 budget deficit. What options are available to the government? Theo Emuwa, a Partner at Aelex, joins CNBC Africa for this discussion.
Dealers and consumers alike are lamenting the galloping spike in the landing cost of automotive spare parts that has increased by at least 40 to 100 percent in the last couple of weeks. The upsurge in prices, on account of the protracted foreign exchange crisis, port charges, and logistics, robbed consumers of purchasing power and deprived dealers of patronage.
The largest outdoor advertising billboard is in Dubai and measures a massive 6,260m2. It won’t be for much longer though, as a gargantuan billboard currently under construction in Lagos is set to surpass it.
Two people died after a seven-storey building under construction collapsed in Nigeria's commercial capital Lagos in the early hours of Sunday and rescue efforts were underway to find survivors, Lagos State Emergency Management Agency said.
Nigeria expects to produce 23 million metric tonnes of maize this year, a 12% rise from last year, thanks to cheaper credit from the central bank, which has helped blunt the high costs of fertiliser and diesel, the maize growers association said.
Nigeria has successfully secured the support from the World Bank with a commitment to help the country phase out petrol subsidies and meet up with its Energy Transition plan. This follows meetings between Nigeria’s Vice President and World Bank Group President David Malpass. Other meetings are currently underway with U.S. officials and development partners.
Tokyo has announced an ambitious multibillion-dollar program of economic assistance to Africa, in a bid to counter Beijing's growing economic and political influence.
Nigerians have spent over N599.11 billion on beer between January and June 2022 despite the downturn in the economy. Beer producers like Nigerian Breweries, Guinness, and International Breweries reported Nigeria's spent N599.11 billion on alcohol consumption between January and June 2022 huge growth in their revenues in the months under review.
Lagos once again recorded another building collapse on Sunday, September 4th, 2020. In the latest incident, a seven-story building still under construction in the expensive neighbourhood of Oniru, Victoria Island, Lagos, collapsed during a heavy downpour. Two bodies have been recovered from under the rubble of the building, while some are still trapped days later.
Queen Elizabeth II had a special relationship with Africa. She turned 21 on a visit to South Africa and was in Kenya when her father died and she ascended the throne. As the British monarch, she undertook numerous tours of Africa.
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