Showing posts with label Video. Show all posts
Showing posts with label Video. Show all posts

Thursday, February 29, 2024

Video - Bakers in Nigeria threaten shutdown amidst rising production costs



Master bakers across the country contemplate shutting down operations due to escalating prices and excessive taxes. They want the government to bring down the cost of bread production and reduce import duties on baking materials and equipment.

CGTN

Related story: Video - Rising Food Prices spark protests and smuggling in Nigeria

 

Video - Central bank of Nigeria raises interest rate to 22.75%



The interest rate hike is in response to surging inflation which has reached 29.9 percent. The rise in inflation is largely driven by fiscal deficits, rising food prices, a weakening naira, and the removal of a fuel subsidy.

CGTN

Related story: Video - Nigeria inflation hits high of 29.9%

 

 

Wednesday, February 28, 2024

Video - Nigeria bans exports of locally produced LNG to boost supply



The country's petroleum ministry says the ban will increase the amount of cooking gas for the domestic market, which will automatically reduce the price of the product.

CGTN

Related story: Shell successfully conducts first remotely controlled well completion offshore Nigeria

 

Video - Nigeria plans to streamline bureaucracy to reduce costs



The move follows recommendations from a 2012 report that suggested the elimination or merger of some 220 of more than 500 government agencies.

CGTN

Related story: Nigeria to merge, scrap, government agencies to trim costs

 

 

Video - Nigeria inflation hits high of 29.9%



Inflation in Nigeria soared to 29.9 percent in January, the highest mark in nearly 30 years. Food costs, which rose at an average rate of 35.4 percent in the same month, are the main driver of the rising cost of living.

CGTN

Related stories: Video - Rising Food Prices spark protests and smuggling in Nigeria

Nigeria unveils big rate hike as hardship prompts worker protests

 

 

Tuesday, February 27, 2024

Video - Rising Food Prices spark protests and smuggling in Nigeria



Nigeria is on the brink of a food crisis as skyrocketing prices, exacerbated by smugglers, leave millions struggling to afford basic necessities. The situation has prompted trade unions to call for protests against the government's handling of the crisis. The cost of food has risen by almost 40% in the past year alone, leaving many Nigerians unable to feed themselves or their families. With no end in sight to the crisis, the country is facing an uncertain future.

Al Jazeera

Related stories: Video - Nigeria vows to address rising cost of living amid protests

Video - Nigeria sees hundreds hit the streets over growing crisis

 

 

Friday, February 23, 2024

Video - GDP growth stronger than expected in Nigeria



Data released by Nigeria's National Bureau of Statistics showed that gross domestic product grew 3.46 percent in the fourth quarter of 2023. That pace was quicker than in the two preceding quarters. Analysts credit the growth to increased oil output, and government reforms to boost growth that are finally taking effect.

CGTN

Video - Nigeria vows to address rising cost of living amid protests



The government said it will deploy measures, including greater security for farmers against attacks from armed groups and providing them with better tools to increase production. Protesters are angry at the high rate of inflation, driven largely by high food prices and the government's decision to end a fuel subsidy.

CGTN

Related stories: Video - Nigeria sees hundreds hit the streets over growing crisis

Protests in Nigeria over skyrocketing inflation as local currency hits record low value

 

 

Wednesday, February 21, 2024

Video - Drop in oil production leaves government budget of Nigeria under stress



Despite missing OPEC's 1.5 million barrels per day target, Nigeria set ambitious sights in 2024, eyeing a daily production target of 1.7 million barrels. But the year is off to a rocky start. January 2024 oil production fell to 1.42 million barrels per day, a drop of 3,000 barrels per day from the previous month. Experts worry that the consequences could be dire.

CGTN

Related story: NNPC has no plans to raise petrol prices after devaluation

 

Video - Nigeria sees hundreds hit the streets over growing crisis



The protesters say they want immediate action from the government to help reduce the soaring cost of living in the country.

CGTN

Related story: Protests in Nigeria over skyrocketing inflation as local currency hits record low value

Naira hits record lows, stocks sink

 

 

Thursday, February 15, 2024

Video - Nigerian palm farmers eye lucrative opportunities in domestic market



While Nigeria consumes nearly three million metric tonnes of palm oil annually, domestic output is only around 1.3 million metric tonnes, with a considerable portion being imported. Recognizing the immense potential, Nigerian palm farmers believe that with proper support, the sector could significantly contribute to the country's earnings.

CGTN

Related stories: Video - Nigeria eyes $2 billion annual revenue boost from a surging coffee demand

Video - Cocoa grown illegally in rainforest in Nigeria heads to companies that supply major chocolate makers


Video - Nigeria eyes $2 billion annual revenue boost from a surging coffee demand



The West Africa Specialty Coffee Association notes a surge in global demand for Nigerian coffee, especially in countries like Japan and Canada. While current revenues hover around $2 billion, the association projects that with governmental support, Nigeria could further tap into the sector's potential.

CGTN

Related story: Video - Cocoa grown illegally in rainforest in Nigeria heads to companies that supply major chocolate makers

 

Wednesday, February 14, 2024

Video - Nigerians adopt unbanked saving system amid mounting economic challenges



Thrift saving, commonly known as Ajoo in Nigeria, is deeply ingrained in the country's informal community culture. Participants contribute a fixed amount every month. The entire sum is then handed to one member until the cycle completes, empowering them to pursue their financial aspirations without going through the bank.

CGTN

Related story: Video - Inflation, shortage of foreign exchange causing multinational firms to leave Nigeria

 

 

Disney's enticing limited series 'Iwájú' is set in a futuristic Nigeria



Journey to a world where nothing is as it seems with #Iwájú, an all-new limited series from Disney Animation and @Kugalimedia. All episodes are available February 28 on @disneyplus. 

“Iwájú” is an original animated series set in a futuristic Lagos, Nigeria. The exciting coming-of-age story follows Tola, a young girl from the wealthy island, and her best friend, Kole, a self-taught tech expert, as they discover the secrets and dangers hidden in their different worlds. Kugali filmmakers—including director Olufikayo Ziki Adeola, production designer Hamid Ibrahim and cultural consultant Toluwalakin Olowofoyeku—take viewers on a unique journey into the world of “Iwájú,” bursting with unique visual elements and technological advancements inspired by the spirit of Lagos. The series is produced by Disney Animation’s Christina Chen with a screenplay by Adeola and Halima Hudson. “Iwájú” features the voices of Simisola Gbadamosi, Dayo Okeniyi, Femi Branch, Siji Soetan and Weruche Opia.

Related stories: Video - Nigeria Football Legend Jay Jay Okocha Set For Animated Series Adaptation

Love for Anime grows in Nigeria with second Eko Anima Festival

Tuesday, February 13, 2024

Monday, February 12, 2024

Video - Inside Nigeria’s coastal town of Badagry



The ancient town of Badagry in Nigeria's commercial city of Lagos is home to several remarkable heritage sites dating back to the 17th century. The town is a magnet for Black History buffs, due to its central role in the Trans-Atlantic Slave trade era, and its early contact with European missionaries. 

CGTN

Related stories: Video - Nigerian curators hope for more interest in the history of Black people

Video - Nigeria hosts festival to reconnect African diaspora to their roots

 

 

Video - Poultry farmers in Nigeria warn they're on brink of collapse in key industry



Faced with the triple threat of inflation, currency devaluation and a long-running cash crunch, many poultry farmers in Nigeria say they're on the brink of collapse. Nigeria's poultry industry is a hugely important pillar of the national economy as it provides more than 2 million jobs and has also attracted a significant amount of investment.

CGTN 

Related story: Video - Increased investment boosts poultry industry in Nigeria

 

Video - Nigeria vs Ivory Coast: AFCON Final Highlights



Ivory Coast beat Nigeria in the AFCON 2023 Final and become champions of Africa.

beINSports

Friday, February 9, 2024

Video - Nigerian curators hope for more interest in the history of Black people



Curators at Nigeria's Badagry Heritage Museum are concerned about the apparent lack of interest among Nigerians in marking Black History Month. They say the attendance is low at a time when it should be quite high.

CGTN 

Related story: Video - Nigeria hosts festival to reconnect African diaspora to their roots

Video - Activists Working to End Painful Practice of Breast Ironing in Nigeria



A harmful practice called breast ironing or flattening affects about 3.8 million women in Africa, including some parts of Nigeria. The practice aims to delay development in adolescent girls. Gibson Emeka has this story, narrated by Salem Solomon.

VOA 

Related story: Ending Female Genital Mutilation in Nigeria