Nigeria’s economic diversification shouldn’t be born out of oil crisis, lawmaker tells FG
11 June 2020 | 3:48 pm
Nigeria's economic diversification shouldn't be born out of oil crisis, lawmaker tells FG
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.
Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
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 Tuesday
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.
Brussels says the Belarusian government created the crisis by luring migrants with false promises. But some say Poland and the EU are ignoring human suffering.
Here are a few reasons to pick up a copy of The Guardian on Thursday
On GirlZOffMute, we're in Nigeria with the nine-year-old, multi-talented artist Lisa Ebube Nnabuihe, aka Little Lisza. Apart from composing her own songs, she remixes those of famous Nigerian musicians. But which of her remixes is her favorite? And why does Lisa take such pride in her Igbo culture? Listen to what she told our teen reporter who is also a Hollywood star – Angel Onyi Unigwe.
Here are a few reasons to pick up a copy of The Guardian on Wednesday
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