Nigeria’s external reserves dip below $40bn
29 November 2019 | 6:00 am
At $39.87 billion, traders say Nigeria’s external reserves have crossed the psychological level of $40 billion dollars for the first time this year. Forex Trader at United Bank for Africa (UBA), Nkechi Ezugha joins CNBC Africa for more.
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.
US Secretary of State Anthony Blinken spoke to his Chinese counterpart amid rising international concern over Beijing's recent military incursions into Taiwan's air defense zone.
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.
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.
For years, Vietnamese children and teenagers have been disappearing in Germany. Those responsible are unscrupulous human traffickers whose networks span continents. The young Vietnamese are smuggled into Germany via Russia and Eastern Europe. Many end up in the world of crime, working as slaves for the Vietnamese mafia. This film tells their story. One high-ranking investigator describes the phenomenon as "modern slavery". This is how many children and young people are brought from Vietnam to Germany: They are crammed into vans, loaded into refrigerated trucks, on the road for months, held along the way in abandoned warehouses or apartments. They are beaten, raped, exploited, they fear for their lives. They are lured by the prospect of a better life, as promised to their families by the criminals.
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.
Here are a few reasons to pick up a copy of The Guardian on Wednesday.
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.
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At the start of the pandemic, London-based Palestinian actor, filmmaker and music producer Mo'min Swaitat discovered 10,000 tapes in the West Bank while in lockdown there – music that documented a moment in Palestinian history that hadn't been heard for 30 years. He spent eight months listening to the tapes, making it his mission to digitise and re-release this window into the past. One of the tapes he found was "The Intifada 1987”, an album by Riad Awwad. Mo'min tells Eve Jackson why the discovery is so important to Palestinians.
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The conflict in Gaza is something we're used to seeing on the news, but now, events in the Palestinian territory are popping up on the small screen as fiction. Following the success of hit Israeli shows like "Fauda", Hamas is throwing itself into television production, with a series to tell its side of the story. We take a closer look.
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The omicron variant of COVID-19, which was first detected in South Africa, has so far resulted in fewer deaths and hospitalizations than previous waves. Though some experts warn not to take the variant lightly, life has almost returned to normal in cities such as Cape Town, where restaurants and bars are open for the first time since the pandemic began.
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A massive volcanic eruption in Tonga that triggered tsunami waves around the Pacific caused significant damage to the island nation's capital and smothered it in dust. Yet some internet users shared false images of the natural catastrophe. Why? We take a look at why fake footage frequently circulates on social media in the aftermath of extreme weather events and other catastrophes.