Nigeria’s Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available data up to 2013. This is according to data from the latest capital importation report by the National Bureau of Statistics (NBS). The FDI figure represents a steep decline of 65.33per…
Oil major, Shell, has named a new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) He is Ronald Adams, formerly Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor Aiboni who proceeds on international assignment to Brunei Shell Petroleum (BSP) as Asset…
Total number of Nigerians in need of food assistance could dip to 12.99 million next March from the current 17.99 million, according to Famine Early Warning Systems Network (FEWS NET), a United States Agency for International Development (USAID)-funded activity. It is a leading provider of early warning and analysis on acute food insecurity. The use…
The World Bank has approved three new projects for Nigeria, totaling $1.57 billion in financing, according to a statement from the global bank. The statement by World Bank Nigeria, explained that the new funding will support the country in addressing governance challenges in education and healthcare, improving primary healthcare services, and increasing resilience to climate…
The Federal Government has suspended several prison officials over allegations of misconduct involving the handling of cross-dresser Idris Okuneye, popularly known as Bobrisky. This follows an audio leak suggesting that Bobrisky, who was sentenced to six months in prison, spent the terms in a private apartment outside the custodial centre. A social media influencer, Martins…
Bruno Labbadia, a German tactician, has been appointed as the new head coach of Nigeria’s national football team, Super Eagles. The German was announced on the official handle of the Super Eagles on a microblogging platform X (formerly Twitter). The Morning Star reports that the 58-year-old German gaffer was appointed by the Nigerian Football Federation…
