Monday, March 13, 2017

Video - Nigerian foreign minister due in South Africa for talks



Nigeria's foreign minister Geoffrey Onyeama is due in South Africa Monday. The backdrop is a recent strain on relations triggered by a spate of attacks on foreign nationals, particularly Nigerians. Some South Africans claim foreigners are taking their jobs and promoting crime. The South African government has condemned the violence, but blamed criminal elements, rather than xenophobia.

President Buhari resumes work after sick leave

Nigerian President Muhammadu Buhari wrote to lawmakers informing them that he’s returning to work Monday after more than seven weeks on sick leave in the U.K., presidential spokesman Femi Adesina said on Twitter.

Adesina said Buhari, 74, will be briefed by Vice President Yemi Osinbajo, who was acting president during his medical treatment for an undisclosed medical condition. Buhari returned to Nigeria on March 10 and spent the weekend resting. His long absence fueled concern about government paralysis and speculation that he wouldn’t be able to continue in office.

Buhari has been confronting growing opposition in a nation suffering an economic recession amid a slump in the production and prices for oil, its main export, and an Islamist insurgency in the nation’s northeast that he’s failed to quell.

Friday, March 10, 2017

Krispy Kreme to open in Nigeria

Krispy Kreme Doughnut Corporation on Wednesday announced a development agreement with Quality Foods Africa. The agreement will bring 20 Krispy Kreme shops to Nigeria over a period of five years.

“We are thrilled to be expanding into Nigeria, and we are fortunate to be working with an exceptional group,” the Vice President of International at Krispy Kreme Doughnuts, Michael McGill said.

“The joy of a Krispy Kreme doughnut and coffee is beloved all over the world, and we cannot wait to introduce that joy to the people of Nigeria over the next several years.”

According to Business Week, Quality Foods Africa (QFA) is an African quick service restaurant business focused on providing a dining experience in accordance with top global standards and service quality to Africa’s rapidly growing consumer markets.

“We are delighted to be able to bring the Krispy Kreme brand to Nigeria,” the CEO of QFA, Edmond Sassine said.

“Nigeria is a huge market and we are truly excited about bringing the world’s best doughnuts to one of Africa’s biggest economies.”

This development agreement will make Nigeria the 31st nation with a Krispy Kreme presence worldwide. Nigeria is the second African nation to open Krispy Kreme shops. Krispy Kreme made its African debut in South Africa in 2015.

Krispy Kreme Doughnut Corporation is a global retailer of premium-quality sweet treats, including its signature original glazed doughnut. Headquartered in Winston-Salem, North Carolina, U.S.A., the company has offered the highest-quality doughnuts and coffee since it was founded in 1937.

Video - Air passengers struggle as Abuja airport closes for repairs



People travelling to Abuja will have to fly to an airport several hours away in the north of the country and then go by bus, accompanied by armed guards to the city.



Video - Nigeria government assures that country will overcome recession by end 2017




The Nigerian government hopes that the economy will be back on the growth path, and out of a recession by December. The Budget Minister, Udoma Udo Udoma, says that policies needed to ensure that happens are being put in place. He emphasized the need for the 2017 budget to be passed quickly so that its implementation can begin. Nigerian legislators are currently debating the proposed spending plans, for this fiscal year.