How COVID-19 is impacting Nigeria’s pensions industry
28 June 2020 | 6:42 am
Monthly data from Nigeria’s pensions industry shows that the country’s total pension fund assets stood at 10.6 trillion naira as at April this year with Federal Government Securities weighing 66.25 per cent of the total pension fund assets. The data also showed that new retirement savings account grew 85 per cent less in April 2020 compared to the same period in 2019. Pabina Yinkere, Chief Investment Officer at Sigma Pensions joins CNBC Africa for more.
29 Oct 2021
The World Food Programme says it urgently needs funds or it may have to cut food rations to more than 500,000 people in Nigeria's conflict-ravaged north-east.
5 Nov 2021
91 illegal migrants from Nigeria are being repatriated back to their home country, in what security officials say is a voluntary return from Libya's International Misrata Airport to the Nigerian capital Niamey.
5 Nov 2021
KLP has stopped investing in companies with ties to nuclear and regular arms production. It's not the first time the fund has made such a move on humanitarian grounds.
5 Nov 2021
Nigeria has secured a new set of military gear and they are massive. The Nigerian Army recently unveiled 60 new VP1 Type Tracked Armoured Personnel Carriers to expand it armory.
11 Nov 2021
Golf is a club-and-ball game in which players use various clubs to hit balls into a series of holes on a course. The sport dates as far back as the 15th century and it is one of the most popular outdoor games around the world. Even though the game is not really popular in mainstream Nigeria, it has often been regarded as a male and elite sport, but this set of women are changing the narrative, to them, golf is more than just a game. Some female golfers took out time to share their experiences playing a sport that is mostly dominated by men.
15 Nov 2021
Nigeria’s Foreign Minister Geoffrey Onyeama told FRANCE 24 that recent coups in West Africa are undermining democracy and that events have reached a crucial juncture for the Economic Community of West African States (ECOWAS) regional bloc. “Clearly it is a threat, it is an unfortunate precedent,” he said.
18 Nov 2021
A fact-checking media in Mali has identified false claims of child harvesting in Nigeria – so-called "baby factories". The claim that the images in question are recent is bogus, but a real phenomenon of child harvesting does exist in Nigeria. Also, a Canadian media dramatically claimed that the wife of Pfizer's CEO died due to the Covid-19 vaccine. In fact, she is alive and well.
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
Nigeria has the second largest film output in the world, but many filmmakers struggle with low budgets and barely make a profit. But streaming platforms are giving a boost to African films.
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
Oil giant Shell will pay a Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the "full and final settlement" to the Ejama-Ebubu community over a spill during the 1967-70 Biafran War. The company has maintained that the damage was caused by third parties.
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Finland has formally announced its intent to join NATO, marking a monumental shift from a long-held position of military nonalignment. DW reports from the Russian-Finnish border on the dramatic turnaround in popular opinion following Russia's invasion of Ukraine.
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The war in Ukraine has forced a major rethink of European security, with further enlargement of both NATO and the EU now on the table. Kyiv has asked for a fast-track procedure for EU membership. Moldova and Georgia have also applied. The EU has made it clear that Ukraine belongs to the European family. However, admitting several more nations would be highly challenging. And even before the war, the EU was already negotiating with candidate countries Albania, the Republic of North Macedonia, Montenegro, Serbia and Turkey. We discuss how far the EU should grow, and how fast that process should be, with two MEPs.
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As Berlin seeks to ween itself off Russian energy sources, Chancellor Scholz has said Qatar "plays an important role" in energy policy. The visiting Emir of Qatar has confirmed could start LNG deliveries by 2024.
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Germany's defense minister has said the anti-aircraft tank will be used to protect "critical infrastructure" in Ukraine from Russian attacks.
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On day two of the Cannes Film Festival, FRANCE 24's Olivia Salazar-Winspear tells us why the première of "Top Gun: Maverick" has movie fans jostling to catch a glimpse of US actor Tom Cruise on the red carpet. We also take a look at the first films competing for the Palme d'Or, as Kirill Serebrennikov returns to Cannes to present "Tchaikovsky's Wife". The Russian director was unable to attend the screenings of his last two films, "Petrov's Flu" and "Leto", due to living under virtual house arrest in Moscow in recent years.