According to rice millers, prices of paddy rice have dropped by almost a third since March as cross-border trade rises between Nigeria and Niger.
Thursday, May 16, 2024
Video - Business returning to normal for Nigeria rice millers following lifting of sanctions with Niger
Thursday, May 9, 2024
Video - Central bank concerned of increased cash hoarding in Nigeria
New data by the apex bank shows that over 90 percent of currency in circulation is held outside the banking system. The pattern reflects a growing lack of confidence in the banking system and also seriously limits access to liquid cash. The cash hoarding could threaten Nigeria's financial stability and economic growth.
Related story: Video - Stock Exchange of Nigeria acquires stake in Ethiopia Securities Exchange
Tuesday, May 7, 2024
Video - Nigeria hopes remissions by overseas nationals can resolve foreign exchange issues
Nigeria is planning to launch a new program to resolve its liquidity and foreign exchange woes. The Nigeria Diaspora Fund seeks to pool together billions of dollars remitted monthly by its citizens overseas for local investments, including infrastructure, healthcare, and education.
Monday, May 6, 2024
Video - Measles outbreak kills over 40 in Nigeria
42 have died in Nigeria in just over a week following a measles outbreak in the northeastern state of Adamawa. About 200 cases of the disease have been recorded in two local government areas so far.
Related story: Video - At least 19 children die in suspected measles outbreak in northeastern Nigeria
Tuesday, April 30, 2024
Video - At least 19 children die in suspected measles outbreak in northeastern Nigeria
Over 200 children are suspected of having contracted the disease in the Mubi North local government area. Official reports indicate that the deaths were caused by complications from the infection.
Related story: Meningitis outbreak kills 20 students in northern Nigeria
Friday, April 26, 2024
Taxi system fueled by electric vehicles in Nigeria
As climate change wreaks havoc around the world, the need for sustainable solutions grows more urgent. In Nigeria, a private company recently introduced an Uber-style taxi system made of approximately 200 electric vehicles. The company says the fleet is a step toward a greener future. Gibson Emeka reports from Abuja, Nigeria. Amy Reifenrath narrates.
By Gibson Emeka, VOA
Related story: The eco-entrepreneur sparking the electric vehicle revolution in Nigeria
Wednesday, April 24, 2024
Video - Nigeria aims to ramp up cocoa production amid global shortages
With increasing global demand for chocolate and cocoa prices soaring due to the worst supply shortage in four decades, Nigeria is looking to boost local cocoa production to capitalize on this opportunity.
Related story: Video - Cocoa grown illegally in rainforest in Nigeria heads to companies that supply major chocolate makers
Video - African counter-terrorism summit held in Nigeria
The meeting aims to increase cooperation between governments in ongoing counter-terrorism efforts across Africa and find ways to combat militant groups and their proxies more effectively. It comes as many countries on the continent are stepping up security operations against terror groups.
Tuesday, April 23, 2024
Video - Tade unions in Nigeria want 500 U.S. dollar-per-month minimum wage for workers
Union leaders say the adjustment is necessary to help workers cope with the rising cost of living in the country.
Video - Nigeria government directs crude oil be sold to domestic refineries first
Nigerian authorities introduced new regulations to enable domestic refineries to pay for crude supply from oil producers in the country in the local currency. The government also introduced a new directive requiring producers to first sell crude oil to local refineries. The actions will hopefully reduce Nigeria's dependence on imported petrol products.
Related stories: Analysts skeptical about improvement of local crude refining in Nigeria
Dangote refinery supplies petroleum products to local market in Nigeria
Monday, April 22, 2024
Video - Nigeria President says no to ransom payment amid spike in kidnappings
Nigerian President Tinubu says ransoms will no longer be paid to kidnappers who have made the crime a business in the West African nation. He made the declaration during the commemoration of the 10th anniversary of the kidnapping of 276 school girls from the town of Chibok in the country's northern region.
Related stories: Video - Abductions in Nigeria surge despite raft of measures by authorities
Gunmen abduct 287 students in northwestern Nigeria in latest school attack
Thursday, April 18, 2024
Video - Nigeria ponders ways to address surging population
The Nigerian government is trying to improve its infrastructure and create more jobs amid a surging growth in its population that could worsen poverty. Nigeria's population is currently estimated at 220 million and is projected to reach 377 million by 2050.
Related story: Video - Growth in elderly population raises concerns
Video - Trade ties deepen between China and Nigeria
China's growing demand for Nigerian goods is deepening trade relations between the two nations. Last year, trade volumes between Nigeria and China reached almost 23 billion U.S. dollars, marking a significant shift in the rising economic ties.
Related story: Rail projects in Nigeria drive home China's belt and road commitment to African infrastructure development
Wednesday, April 17, 2024
Video - Soaring food prices in Nigeria strain family budgets on staples
Many people in Nigeria are shocked at the surge in the cost of cassava flakes. Production of cassava flakes or garri, as they are locally known,, is being hampered by rising insecurity which has led to death and kidnapping of farmers for ransom.
Related stories: Video - Soaring fuel prices in Nigeria threaten agricultural prosperity
Video - Rising Food Prices spark protests and smuggling in Nigeria
Monday, April 15, 2024
Video - Crowds flock to Lafia town in Nigeria to celebrate culture and religion
Crowds gathered in Lafia town in central Nigeria to celebrate the Durbar Festival, a colorful religious and traditional fete that features performances from horse-riding men in robes and turbans. The event is one of the ways locals mark the Eid-al Fitr Islamic festivities celebrated after the end of Ramadan.
Related story: Video - Eid celebrations in Nigeria: Centuries-old traditions mark festivities
Video - Abductions in Nigeria surge despite raft of measures by authorities
kidnappings in Northern Nigeria have grown into an industry worth millions of dollars.
Related stories: President Tinubu rules out ransoms for abducted students as observers urge dialogue
kidnappers say they will kill all 287 school if $622,000 ransom not paid
Video - Concerns over electricity rate hike in Nigeria
An increase in electricity prices by nearly three times has sparked a backlash in Nigeria. The decision to remove electricity subsidies is part of President Bola Tinubu's reform drive to ease pressure on the economy as the government targets up to 2.6 billion U.S. dollars from the subsidy removal.
Related stories: Consumers in Nigeria upset at electricity rate hike
Nigeria to cut electricity subsidy to ease pressure on public finances
Video - Families of missing Chibok girls remain hopeful of reunion in Nigeria
About 90 girls kidnapped from a government secondary school in Chibok, in Nigeria’s Borno State in 2014 remain missing. A total of 276 girls were taken. Many abductees have returned home and are trying to resume normal life. However, relatives of the girls still missing anxiously wait and hope for a reunion with their kin.
Related stories: Nigerian Troops Rescue 16 Abductees in Kaduna
Video - Families and victims in Nigeria reeling from impact of kidnappings
Video - Kaduna state abductions raise Nigeria's insecurity crisis
Video - Mass abductions negatively impact food production in Nigeria
Farmers in northern Nigeria have abandoned their commercial farms and turned to small-scale subsistence farming close to their homes to avoid being the victims of kidnapping. Insecurity in the region is an issue. Kidnappings for ransom are increasingly common.
Related stories: Video - Mass abductions impact education in Nigeria
Video - Growing calls for Nigeria government to enforce capital punishment on kidnappers
Kidnappings in Nigeria rise 10 years after Chibok girls abducted
Video - Nigeria ramps up security following spate of kidnappings
Friday, April 12, 2024
Video - Eid celebrations in Nigeria: Centuries-old traditions mark festivities
Eid festivities have reached a climax in Nigeria with colourful events. Al Jazeera’s Ahmed Idris reports from northern Kano state.