#Focac: Lagos - The loan Nigeria is almost certain to secure from China for the refurbishment of infrastructure is welcome, but could exacerbate the former's debt load. This is the view of a financial markets think-tank ahead of the Forum for ...
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Warnings over Nigeria's debt load
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Odd-even number vehicles deployed globally to reduce pollution
Odd and even number vehicles have been deployed globally, including in major metropolitan cities like Beijing, Sao Paulo and most recently in the Indian capital of New Delhi, in a bid to reduce alarming pollution levels. During the 2008 Summer Olympics, Beijing implemented a temporary road space rationing based on plate numbers for two months before a modified version of the restriction was made permanent in Beijing in October 2008 that now bans 20 percent of the vehicles on a given weekday.
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Nigeria: MTN fine letter has typo, half billion dollar error
... his attorney do the talking Thursday after being convicted of conspiracy, a misdemeanor punishable by up... LAGOS, Nigeria (AP) - Nigeria's communications agency says a letter setting out reductions in a massive fine for MTN had a typo - one worth ...
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.com | Nigeria to hold key state governship poll
Voters go to the polls to elect a new governor in the home state of Nigeria's former president Goodluck Jonathan on Saturday, with tensions high and the country's electoral body under scrutiny. Incumbent governor Seriake Dickson, a 49-year-old lawyer representing Jonathan's Peoples Democratic Party , is seeking another four-year term in Bayelsa state against former governor Timipre Sylva.
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Africa: China Pledges U.S. $60 Billion in Development Support for Africa
China President Xi Jinping on Friday announced his country would assist African states with loans to the tune of $60 billion. "China decides to provide a total of $60 billion of funding support that includes $5 billion of grants in zero interest loans and $35 billion in preferential facility and export credit loans and concessional loans," President Xi said.
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'Typo' raises reduced MTN fine by $500 million: regulator
Johannesburg: South African telecoms giant MTN has had its reduced fine for failing to disconnect unregistered users in Nigeria increased by $500 million because of a mistake by the regulator in Abuja. MTN announced on Thursday that the Nigerian Communication Commission had cut the initial $5.2 billion fine to $3.4 billion after talks with the authorities in Nigeria's capital.
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Rwanda Joins Africa Finance Corporation To Tap More Cash
Rwanda on Thursday attained full membership of the Nigeria-based development financier, the Africa Finance Corporation - making it the 12th member, the Corporation announced. The Lagos-based institution, in which seven west African states including Nigeria and Ghana own a 46 percent stake, was set up in 2007 to provide public and private money for major infrastructure projects around Africa.
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11-year-old: Trained as suicide bomber to attack refugees in Nigeria
... Tuesday by troops guarding Dalori refugee camp in Maiduguri, the northeastern city that is the birthplace of Nigeria's homegrown Islamic extremist group. He told interrogators that three other children trained with him already have died in suicide ...
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UPDATE 2-Nigeria says MTN fine cut to $3.9 bln, blames typo for bigger reduction
JOHANNESBURG/LAGOS, Dec 4 Nigeria's telecoms regulator said on Friday it had cut a fine on South Africa's MTN Group by 25 percent to $3.9 billion, and blamed a typing error for an announcement on Thursday it had reduced the penalty by 35 percent to $3.4 billion. The Nigerian Communications Commission hit MTN with a $5.2 billion penalty in October for failing to disconnect users with unregistered SIM cards, prompting weeks of lobbying by Africa's biggest mobile phone company to get the fine reduced.
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11-year-old: Trained as suicide bomber to attack refugees
In this Friday, Oct. 30, 2015 file photo, people look at a poster featuring wanted Boko Haram members, pasted onto the wall by the Nigeria army in Maiduguri, Nigeria. Women, and even girls, have been used by Islamic extremists in Nigeria as suicide bombers.
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Nigeria slashes telecoms company fine by a third to $3.4 bln
In this file photo taken Tuesday, Nov. 17, 2015, cars drive past an MTN advertisement on the road in Lagos, Nigeria. MTN says Nigeria is slashing its massive fine by more than a third to $3.4 billion, and the CEO of the embattled Nigerian subsidiary of Africa's largest telecommunications giant is resigning.
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Nigeria: Buhari Mourns Emir of Keffi, Chindo Yamusa
President Muhammadu Buhari has commiserated with the government and people of Nasarawa State on the passing away of the Emir of Keffi and Chancellor of Nasarawa State University, Alhaji Muhammadu Chindo-Yamusa II. The demise of the monarch threw Keffi and its environs in Nasarawa State into mourning as he was said to have gone to bed on Thursday in his palace in Keffi but did not wake up.
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Nigeria: MTN Fine - NCC Admits Error in Reduced Penalty
Contrary to the initial letter sent to MTN Nigeria by the Nigerian Communications Commission intimating it about a 35 per cent reduction in the fine imposed on it, the NCC is insisting that the reduction is actually 25 per cent and not 35 per cent, thus admitting error in the initial letter sent to MTNN. The initial fine was N1.04 trillion and 35 per cent reduction would take it down to N647 billion, while 25 per cent reduction amounts to N780 billion.
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Samsung to pay Apple $548 mn in lengthy patent case
... days.... South African telecoms giant MTN has had its reduced fine for failing to disconnect unregistered users in Nigeria increased by $500 million because of a mistake by the regulator in Abuja.... Human cells or embryos that undergo a process of ...
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.com | Suicide blasts kill three in Nigeria - reports
At least three people were killed and six others injured on Friday in suicide attacks in Nigeria's northeast Borno state blamed on Boko Haram Islamists, vigilantes said. Two bombers blew themselves up at a security checkpoint outside Sabon Gari village in Biu district, 180km south of state capital Maiduguri, killing two civilian vigilantes and injuring four people.
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Paul McCartney's willingness to fail made Band on the Run an enduring masterpiece
... through adversity (" Mrs. Vandebilt ," which perhaps best incorporates their surroundings at EMI's studio in Lagos, Nigeria; and "Mamunia" ); and then moves, inevitably, into the final passage we all take ("Picasso's Last Words"). The anthematic ...
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Nigeria Arrests 9 Alleged Boko Haram Extremists in Abuja6 minutes ago
Nigeria's intelligence agency says it has arrested nine alleged Boko Haram extremists plotting attacks on Abuja, the capital, over the festive season. Saturday's statement follows a warning Friday from the U.S. Embassy that extremists may be planning attacks on hotels favored by Westerners.
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NIGERIA: 9 alleged Boko Haram extremists arrested in Abuja
Keep it civil and stay on topic. No profanity, vulgarity, racial slurs or personal attacks.
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Nigeria arrests 9 alleged Boko Haram militants in Abuja
Nigeria's intelligence agency says it has arrested nine alleged Boko Haram militants plotting attacks on Abuja, the capital, over the festive season. Saturday's statement follows a warning Friday from the U.S. Embassy that militants may be planning attacks on hotels favored by Westerners.
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.com | One killed in Nigeria election violence
A woman was killed on Saturday as voters went to the polls in tight security to elect a new governor in Nigeria's southern state of Bayelsa, officials said. Bayelsa is the home state of former president Goodluck Jonathan, where incumbent governor Seriake Dickson is running against former governor Timipre Sylva for another four-year term in office.
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