NGX, based in Lagos, and other institutional investors poured large sums of cash into the Ethiopian exchange during its recent capital-raising endeavor. This strategic move aligns with NGX's objectives to expand capital market activities in East Africa and foster cross-border investment flows across the continent.
Showing posts with label Video. Show all posts
Showing posts with label Video. Show all posts
Tuesday, April 9, 2024
Video - Stock Exchange of Nigeria acquires stake in Ethiopia Securities Exchange
Video - Growing calls for Nigeria government to enforce capital punishment on kidnappers
First Lady Senator Oluremi Tinubu is one of the voices demanding the government aggressively address kidnappings in Nigeria. The country has been plagued by a surge in kidnappings, leaving communities in fear and authorities struggling to contain the crisis.
Related stories: Kidnappings in Nigeria rise 10 years after Chibok girls abducted
Video - Nigeria ramps up security following spate of kidnappings
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
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
61 people kidnapped in Kaduna, Nigeria
Video - At least 15 students kidnapped in Nigeria - Third mass kidnapping since last week
Gunmen abduct 287 students in northwestern Nigeria in latest school attack
Monday, April 8, 2024
Video - Gunmen kill at least 21 villagers in Nigeria’s Kogi State
According to the chairman of the Omala local government area, the incident was a revenge attack by Fulani herders after villagers killed six of their own. Herders and farmers often clash in the region due to pressure on land resources.
Related story: Gunmen abduct 287 students in northwestern Nigeria in latest school attack
Tuesday, April 2, 2024
Video - Nigerian coach raises awareness over mental health issues
Samuel Okinrodoye swam 12 kilometers along a famous bridge in Lagos to raise awareness about mental health in Nigeria. In Lagos, many people have used the 3rd Mainland Bridge to commit suicide. Okinrodoye wants to encourage Nigeria's conservative society to be more open about mental illnesses.
Related stories: Nigerian woman creates country's first mental health helpline
School in Nigeria helps girls to heal after Boko Haram
Video - Salsa teacher helps to dance the blues away in Nigeria
Monday, April 1, 2024
Video - Nigeria manufacturing sector braces for higher production cost
The decision by Nigeria’s central bank to raise the policy rate affected the local manufacturing industry. Manufacturers said expensive credit will weaken the sector and impede economic growth. Annual inflation in the West African country is at over 30 percent, levels last seen in 1996.
Related stories: Video - Manufacturing firms reporting challenges in Nigeria
Video - Nigerian companies close due to economic volatility
Video - Nigeria ramps up security following spate of kidnappings
Nigeria's federal government says it's doing everything it can to protect communities amid a recent surge in school kidnappings for ransom.
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
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
61 people kidnapped in Kaduna, Nigeria
Video - At least 15 students kidnapped in Nigeria - Third mass kidnapping since last week
Gunmen abduct 287 students in northwestern Nigeria in latest school attack
Thursday, March 28, 2024
Video - Central Bank of Nigeria raises monetary policy rate
The Central Bank of Nigeria raised its monetary policy rate to 25 percent from 23 percent to contain inflation. Inflation is presently above 30 percent, leaving millions of people in Africa's most populous nation struggling to meet their basic needs.
Related stories: Naira gains on spot market after central bank rate hike
Central Bank of Nigeria revokes licences of 4,173 exchange bureaus
Video - Nigeria to fast-track construction of $25 billion gas pipeline to Morocco
The Nigeria-Morocco Gas Pipeline spans 5,600 kilometres and will likely shape Africa's energy landscape. Officials hope the pipeline will also become a major gas supplier to Europe.
Related story: Possible Trans Niger oil pipeline leak investigated by Shell Nigeria
Wednesday, March 27, 2024
Video - Stampede kills seven during scramble for food aid in Nigeria
Stampede kills seven during scramble for food aid in Nigeria.
Related stories: Video - Nigeria food banks cut back on handouts as prices soar
Video - Soaring fuel prices in Nigeria threaten agricultural prosperity
Video - Impact of rising food prices in Nigeria on Ramadan
Video - Nigeria secures $134 million to tackle food crisis
Video - Rising Food Prices spark protests and smuggling in Nigeria
Monday, March 25, 2024
Video - Nigeria food banks cut back on handouts as prices soar
At a warehouse in Nigeria's commercial capital Lagos, dozens of women patiently wait their turn to receive food handouts. Among them is 68-year-old widow Damilola Salami, who received an invitation to the facility just as she had almost run out of food.
The Lagos Food Bank is a crucial lifeline to residents like Salami, but has seen supplies from private and other donors fall as inflation soars in Africa's biggest economy.
Nigeria is grappling with the worst cost of living crisis in decades, which has deepened since President Bola Tinubu rolled out bold but unpopular economic reforms after assuming office last May.
"There is nothing for us to eat, we are hungry," said Salami as she waited for her share of food and cooking oil. "Our children are out of school because of the increase in fees. Now, the children are at home and there is no food."
Mabel Wade, an 80-year-old charcoal seller, said sustenance was scarce and she often relied on neighbours before she was told of the food bank.
"Sometimes there is no food to eat at all... Sometimes, it is biscuit and water," she said, after registering for food stamps.
Last month a stampede broke out and killed seven people at a food distribution centre in Lagos.
World Bank data shows that 46% of Nigeria's population was deemed poor in 2023. Twenty million of them live in urban areas.
In the past, the imposing warehouse of Lagos Food Bank would be fully stocked with bags of Nigerian staples like rice, beans and vegetable oil. Not anymore.
Founder Michael Sunbola said the facility's major donor had cut supplies by 93%, citing the high cost of food.
The food bank has now dialled back on quantities, providing families with enough supplies for a few days at a time when once their parcels would have lasted two weeks. The facility is also having to "narrow down the number of people we want to reach out to", said Sunbola of the people invited to use the service.
"Now, we do only women from the age of 50," he told Reuters.
No Hunger Initiatives, a food bank serving mostly internally displaced people in the capital Abuja, faces similar problems.
The number of people seeking food handouts has tripled since May 2023 but the facility is unable to keep up because donors have cut back supplies by half due to rising inflation, said Kumdet Yilkon, a senior official.
By Ope Adetayo, Reuters
Related stories: Video - Soaring fuel prices in Nigeria threaten agricultural prosperity
Video - Impact of rising food prices in Nigeria on Ramadan
Video - Nigeria secures $134 million to tackle food crisis
Video - Rising Food Prices spark protests and smuggling in Nigeria
Video - Over 200 abducted schoolchildren and staff freed in Nigeria
More 200 pupils and staff abducted by gunmen from a school in northern Nigeria were released, just over two weeks after they were kidnapped from the town of Kuriga in Kaduna State. The Kaduna governor said the country's National Security Adviser had coordinated the release but gave no further details. Gunmen had last week demanded a ransom of 690,000 U.S. dollars for the release of the missing children and staff.
Related stories: Nigerian army rescues kidnapped Kaduna students
Nigerian Troops Rescue 16 Abductees in Kaduna
Video - Kaduna state abductions raise Nigeria's insecurity crisis
Video - 21 people killed in an attack in Nigeria’s Niger state
According to local officials, unknown gunmen launched an attack at a busy market in Madaka village, in the Rafi local government area, on Thursday, setting shops and vehicles on fire. Reports say several women and children were also abducted.
Related stories: Video - Nigeria Senate to take action over relentless violence
Video - Thousands of farmers in Nigeria still displaced three months after Bokkos village attacks
Video - Manufacturing firms reporting challenges in Nigeria
Nigeria’s manufacturing sector continues to report sluggish growth, as more factories either shut down or become severely distressed. Analysts say their most pressing concerns include the country's poor infrastructure and difficulties getting access to foreign exchange to buy raw materials.
Related stories: Video - Nigerian companies close due to economic volatility
Video - Why Are Multinationals Like P&G, GSK and Sanofi Leaving Nigeria?
Video - Car dealers in Nigeria say country's economic woes hurt their business
According to data released by the National Bureau of Statistics, Nigeria registered a significant increase in used-vehicle imports last year. However, dealers say the growth could be even stronger if not for a crippling cost-of-living crisis and falling local currency.
Related stories: Video - Nigerian companies close due to economic volatility
Protests in Nigeria over skyrocketing inflation as local currency hits record low value
Video - Why Are Multinationals Like P&G, GSK and Sanofi Leaving Nigeria?
Video - Soaring fuel prices in Nigeria threaten agricultural prosperity
One dry-season farmer says his crops are withering away because of soaring fuel prices. He and other farmers need gasoline to fuel their irrigation systems. But fuel costs have tripled since the removal of a fuel subsidy. Farm productivity is down as a result.
Related stories: Video - Impact of rising food prices in Nigeria on Ramadan
Video - Nigeria secures $134 million to tackle food crisis
Video - Rising Food Prices spark protests and smuggling in Nigeria
Thursday, March 21, 2024
Video - Babies born in Nigeria 80 times more likely to die before age 5
Health experts cite Inadequate funding, and the inability to deal with preventable ailments like malaria and diarrhea as leading causes of mortality rates in children under 5 years in those countries.
Related story: Video - Expectant mothers in Nigeria turning to home births amid high cost of maternal Care
Video - Nigeria SMEs turn to alternative energy sources to address chronic power crisis
One such small business owner operates a hotel in Nigeria's capital, Abuja. He says he lost a lot of business due to electricity issues. But an investment of 1,000 U.S. dollars in converting his electrical system to solar power is helping to lure customers back.
Related stories: Sovereign fund of Nigeria to pilot development of 20 megawatts solar plant
Video - Nigeria suffers from most power cuts in the world
Fifth electricity transmission line vandalised in one month in Nigeria
Video - Village in Nigeria reels from kidnapping of 87 residents
A spate of recent abductions in Nigeria has left citizens fearful, with the most recent case involving the abduction of at least 87 people from a village in Kaduna state. The government says it is working to rescue those abducted, but citizens say more needs to be done.
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
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
61 people kidnapped in Kaduna, Nigeria
Video - At least 15 students kidnapped in Nigeria - Third mass kidnapping since last week
Gunmen abduct 287 students in northwestern Nigeria in latest school attack
Tuesday, March 19, 2024
Video - Nigeria Senate to take action over relentless violence
Nigeria’s Senate is trying to take the initiative in curbing a relentless wave of armed militia assaults in the north. Recent violence left communities shattered, families displaced, and a cloud of fear looming large. Benue State, in Nigeria's North-Central region bore a significant brunt of the attacks.
Related stories: Video - Thousands of farmers in Nigeria still displaced three months after Bokkos village attacks
Nigeria considering state policing to combat growing insecurity
Monday, March 18, 2024
Video - Nigeria government bans leave of absence for health workers
The Nigerian government has banned health professionals from taking leave of absence as it tries to stop them taking jobs abroad while on leave. Many health workers in Nigeria have been taking the extended leave to secure jobs abroad and abandoning their posts at home without formally resigning.
Related stories: Over 10,000 doctors left Nigeria for UK in last 7 yrs
Nigeria suffering from medical brain drain
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