Citing the higher cost of purchasing oil from the Dangote refinery, the state-owned oil company has raised prices, with rates in Lagos rising to 950 Naira per liter (approximately 58 U.S. cents). But despite this price hike challenge, the new refinery may also address long-standing issues of fuel shortages and long queues at pumps.
Showing posts with label Video. Show all posts
Showing posts with label Video. Show all posts
Tuesday, September 17, 2024
Video - Nigeria’s state-owned oil company increases oil prices by 11 percent
Video - Nigerian farming community loses crop due to toxic emissions from oil refinery
Environmental regulators linked the issues to a hydrogen chloride leak at a refinery in Kaduna State. They added it could take between 5 to 10 years to reverse the effects of the acid released into the soil.
Monday, September 16, 2024
Video - Nigeria looking to send flag football team to 2028 Olympics
Flag football isn't a mainstream sport in Nigeria, but it's slowly gaining in popularity. The emerging sport is a variant of American football where, instead of tackling players to the ground, the defensive team must remove a flag or flag belt from the ball carrier. It will feature at the 2028 Olympic Games in Los Angeles.
Related story: Top NFL Players Who Hail from Nigeria
Video - Creative industry has room for growth in Nigeria
Nigeria’s creative industry is growing rapidly, but analysts say more needs to be done to overcome challenges and fully realize its potential for economic growth.
Video - Widening illiteracy gap driving crime surge in Nigeria
Over 60 million Nigerians are unable to read or write, creating a major impediment to the country’s developmental aspirations. Education analysts warn that the country’s widening illiteracy gap is driving crime upwards.
Video - Nigerian entrepreneur turns banana waste into business gold
Tera Korumene Robinson is transforming banana and plantain stems into organic hair extensions and eco-friendly products. Her innovative approach is turning waste into wealth, driving sustainability and business success in Nigeria.
Video - Nigeria's economic shift
As foreign firms exit Nigeria due to economic challenges, local businesses are stepping in to fill the gaps.
Video - Nigeria, China revive $2.4 billion currency swap deal
Nigeria and China have agreed to expand their currency swap agreement, aiming to boost trade in Naira and Yuan, originally signed in 2018. Experts say reducing Nigeria’s trade deficit will be key.
Video - Nigeria's Maiduguri struggles after Alau Dam breach
Floods caused by the dam burst have displaced over 400,000 people in Maiduguri. The city, already vulnerable from years of insurgency, now faces a new crisis.
Video - 200 prisoners escape Maiduguri prison after flood
The official, who spoke on condition of anonymity, disclosed that some Boko Haram commanders held at the Maiduguri New Prison were among those who escaped. Not fewer than 200 inmates have escaped after a devastating flood pulled down a prison wall in Maiduguri, the Borno State capital.
Related story: Nigeria faces humanitarian crisis as floods ravage communities, farmlands
Thursday, September 12, 2024
Nigeria’s diabetes patients struggle to afford medication after surge in prices
The cost of diabetes medication has surged by over 500 percent in the past year, affecting over 11 million Nigerians living with the disease. Experts say a worsening foreign exchange crisis and the exit of major pharmaceutical companies combine to drive up prices. Health experts urge the government to intervene, warning that the situation could lead to numerous preventable deaths.
Tuesday, September 10, 2024
Video - Nigerian men speak on mental health awareness
Some Nigerians say societal views on masculinity and cultural expectations have prevented African men from gaining mental health awareness. VOA Africa took to the streets of the West African nation to hear people’s opinions.
Monday, September 9, 2024
Video - Nigeria spends $1.5 billion annually on dairy imports
The growing demand for dairy products in Nigeria, coupled with limited local production, has led the government to spend $1.5 billion annually on imports. Currently, local dairy production meets only 40% of the country’s demand, as Africa's most populous nation continues to struggle with boosting its milk output.
Wednesday, September 4, 2024
Video - President Tinubu to advocate for increased investments in Nigeria at FOCAC summit
The Director of the Centre for China Studies in Abuja, Charles Onunaiju, says President Tinubu will focus on expanding and consolidating existing cooperation at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC). The expert emphasized that Nigeria urgently needs critical infrastructure, and the 2024 FOCAC summit presents a crucial platform to address that need.
Monday, September 2, 2024
Video - Nigeria records surge in remittances from its diaspora
Compared to the same period last year, inflows from the Nigerian diaspora rose by 130 percent in July to reach 553 million U.S. dollars. Analysts said the growth was driven by central bank-backed initiatives and the expansion of licensed international money transfer operators.
Video - China's agricultural assistance improves Nigeria's cassava yields
The China-Nigeria partnership is spearheaded by the National Root Crops Research Institute and the Chinese Academy of Tropical Agricultural Sciences. The initiative aims to teach Nigerian farmers how to produce more with fewer resources.
Wednesday, August 28, 2024
Video - Experts in Nigeria call for formal recognition of its informal economy
Business experts in Nigeria also want simpler government policies and better access to financing to boost the sustainability and survival of the informal sector. Nigeria’s informal sector provides more than 80 percent of jobs in the country and contributes 46 percent to the nation's GDP.
Thursday, August 22, 2024
Video - Nigeria introduces policy to stem medical brain drain
Nigerian authorities estimate that over 57,000 nurses have left the country in the past five years for better opportunities. Nigeria hopes improvements, including the incorporation of digital health infrastructure, better remuneration, and improved work-life balance for health professionals help retain its medical talent. However, experts argue that more comprehensive measures are needed.
Related story: Over 10,000 doctors left Nigeria for UK in last 7 yrs
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