Nigeria bids to revive its ailing palm oil sector
04 October 2021 | 6:02 am
In Nigeria, the government has launched a drive to revive the country's once thriving palm oil business, part of a bid to diversify away from petroleum and help create jobs. But small-scale producers say that loans from the Central Bank of Nigeria are only going into the pockets of bigger factory owners.
13 Nov 2021
Chinese property developers have met with a government think tank, amid increasing concern over the real estate sector's heavy debt burden. The liquidity crisis goes well beyond the high-profile firm Evergrande. Also, Australia unveils a €114 million investment aimed at boosting sales of electric vehicles, and Virgin Galactic sells another 100 tickets for sub-orbital space flights.
12 Nov 2021
Since 2018, Portugal has seen a boom in farming, made possible in large part due to cheap labour from Asia run by mafia networks. Migrant charities estimate that around 30,000 Indian, Nepali, Thai and Pakistani labourers work on broccoli fields, pick berries and tomatoes in greenhouses or pick grapes in vineyards. In return they receive poor salaries and face difficult living conditions. Our regional correspondents report.
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.
26 Nov 2021
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.
27 Nov 2021
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.
29 Nov 2021
International travel picked up over the summer, but Covid-19 is still expected to cost the global tourism industry some €1.8 trillion in 2021. Also, French finance minister Bruno Le Maire remains optimistic about the recovery despite concerns over the Omicron variant, and farmers in India continue their protest movement despite concessions from the government.
4 Dec 2021
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?
7 Dec 2021
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.
8 Dec 2021
Here are a few reasons to pick up a copy of The Guardian on Wednesday.
19 Dec 2021
Traditionally, growing avocados requires lots of water. But entrepreneurs in Nigeria are attempting to grow them in a new water-saving and sustainable way by using drip irrigation systems and recycling water.
7 hours ago
We explore the life and artwork of French artist Rosa Bonheur, who was a pioneer – both as a painter and as a woman – in 19th century society. Two centuries years after her birth, major exhibitions are being held in France to celebrate her extraordinary legacy. In Paris, the Musée d'Orsay is hosting a special exhibition for this anniversary. Co-curator Leïla Jarbouai tells us more about Bonheur's body of work.
7 hours ago
Christie’s New York is aglitter with dazzling gems and sparkling stones, as the auction house prepares for its final live jewelry auction of 2022.
7 hours ago
LGBTQ couples are demanding the government grant them equal rights as married couples, including adopting children and inheriting property. However, resistance to same-sex marriage remains.
9 hours ago
The British papers are discussing the upcoming documentary by the Duke and Duchess of Sussex. We also find out what the French papers think of this Tuesday's debate at the National Assembly on immigration. The US papers are diving into the racist origins of Georgia's Senate run-off election.
9 hours ago
Africa boasts massive energy production potential, yet millions of people are without electricity. At a recent roundtable in Dakar, energy experts said that technology transfer is crucial to achieving energy transition.