Tuesday, January 2, 2018

Video - Nigerian entrepreneur makes dessert themed bath, body products



Blondie Okpuzor makes BathKandy - a handcrafted, food-inspired, bath and body store in Nigeria. The skincare range is made from natural and organic ingredients that target common skin problems and the products are moulded in the shape and look of cupcakes, chocolate bars, lollipops and doughnuts.

Gunmen attack church on New Years eve in Nigeria - 14 reported dead

Gunmen killed at least 14 churchgoers returning from midnight services on Monday in Nigeria’s Rivers State, a police source said, after the latest violence to hit the oil-rich region.

“The gunmen opened fire on a set of worshippers at about 12.30am on Monday,” said Ugochi Olugbo, a relative of one of the victims who were attending a New Year’s Eve service.

The Nigeria Independent reported gunmen operated at two different locations, the Kirigani and Oboh axis of Aligu, Omoku, in a coordinated attack on Christians returning from church services.

“Fourteen persons died on the spot, while 12 who sustained gunshot wounds were rushed to the hospital and are receiving medical attention,” said a police source who asked to remain anonymous.

Rivers State police public relations officer Nnamdi Omoni could not confirm the number of casualties. “The commissioner of police, Ahmed Zaki, has also launched a manhunt for the bandits to ensure they are arrested and prosecuted,” Omoni said.

“The deputy commissioner of police in charge of operation and other tactical heads have been mobilised there to restore peace.”

Thursday, December 28, 2017

Video - Nigeria's fuel scarcity gradually fading out



The long lines at petrol stations in Nigeria are gradually thinning out as normalcy begins to return in the distribution of products to petrol stations. Africa's largest oil producer has been battling severe petrol scarcity over short fall in supply to filling stations. But the State run Nigeria National Petroleum Corporation, NNPC, has ramped up supply and the situations is beginning to show small sign of improvement.

Friday, December 22, 2017

Video - Record low sales for traders in Nigeria in run-up to Christmas



As Christmas approaches, many families in Nigeria are struggling to celebrate the holidays, with the country just emerging from a recession this year and majority of civil servants facing continued salary delays. Traders in the capital city say business is slow and that they are expecting subdued festive shopping this year. Here's Alexandria Majalla with more details.

Video - Nigeria becomes first in Africa to issue Sovereign Green Bond



Nigeria has become the first country in Africa to issue a Sovereign Green Bond and the fourth nation in the world to do so after Poland, France and Fiji. The 10.69 billion naira five-year green bond is expected to settle by Friday. And that's when we will know if investors have really warmed up to the Bond. The country's Debt Management Office has listed the Bond on the Nigerian Stock Exchange. Moody's Investors Service has also assigned a Green Bond Assessment of "excellence" to the issuance. Deji Badmus has been speaking with a member of the Investment bank, Chapel Hill Denham, who is the financial adviser on the Bond.