14:4200
NIGERIA NEWS

NIGERIA NEWS

  • African finance ministers told their rich nation counterparts at weekend meetings of the International Monetary Fund and World Bank to work harder and faster to kick-start their economies to avoid a prolonged slump that could undermine strong growth in the developing world.

     

  • An international peacekeeper was shot dead by unknown gunmen in an eastern part of Sudan's Darfur region, the joint African Union-United Nations peacekeeping mission (UNAMID) said.

     

  • Nigerian authorities charged a man on Friday with masterminding a 2011 Christmas Day bomb attack on a Catholic church in the capital that killed 37 people.

     

  • A French family of seven, including four children, have been released in Cameroon following secret talks, France said on Friday, ending two months of captivity in the hands of Nigerian Islamist militants.

     

  • A French family of seven, including four children, have been released in Cameroon following secret talks, France said on Friday, ending two months of captivity in the hands of Nigerian Islamist militants.

     

  • A French family of seven kidnapped in Cameroon's Far North Region and taken to Nigeria by suspected Boko Haram militants have been released, a senior Cameroonian official said in a statement on Friday.

     

  • A U.S. Supreme Court decision to limit the sweep of a 1789 law used to fight human rights abuses worldwide left a window slightly ajar for victims to sue companies, especially U.S. companies, accused of aiding such abuses.

     

  • Global drinks companies Diageo and SABMiller reported a fall in sales for the first three months of 2013 in major emerging markets on Thursday, blaming weaker economic conditions for dampening spending and pushing consumers to trade down.

     

  • Global drinks group Diageo said a strong performance and higher prices in U.S. spirits, its biggest business, led it to a 4 percent growth in organic net sales, balancing out consumer weakness in Brazil and Nigeria.

     

  • While the world's leading central banks work with new tools to fix their flagging economies, those in many developing countries are still using old-fashioned interest rates to try to contain price rises.

     

  • In a major victory for multinational companies, the U.S. Supreme Court on Wednesday limited the ability of human rights plaintiffs to invoke a 224-year-old federal law when suing companies over alleged collusion with violent foreign governments.

     

  • The U.S. Supreme Court on Wednesday said federal courts do not have jurisdiction to hear lawsuits against foreign corporations accused of aiding in human rights abuses abroad.

     

  • Nigerian authorities charged two journalists with forgery on Tuesday over a story in which they accused President Goodluck Jonathan of launching a dirty tricks campaign against the opposition.

     

  • Africa's richest man, Aliko Dangote, plans to invest up to $8 billion to build a Nigerian oil refinery with a capacity of around 400,000 barrels a day by late 2016, the tycoon told Reuters on Tuesday, almost doubling Nigeria's refining capacity.

     

  • Africa's richest man, Aliko Dangote, plans to invest up to $8 billion to build a Nigerian oil refinery with a capacity of around 400,000 barrels a day by late 2016, the tycoon told Reuters on Tuesday.

     

  • Oil-rich Ghana's effort to slow rampant public spending may be undone by middle-class professionals demanding that a generous, 2010 wage policy be implemented in full.

     

  • The stadium where the Confederations Cup is due to kick off in two months will not be officially opened until May 18 because rain has delayed the laying of the pitch, officials in Brazil's capital said on Monday.

     

  • Nigeria's government is not doing enough to tackle religious violence in central Nigeria, where more than 100 people have been killed since March, a U.S. government agency said on Monday.

     

  • Armed hijackers pose a growing threat off Nigeria's oil-rich coast, where commercial ships do not enjoy the protection of naval security that has dramatically reduced Somali piracy on the other side of Africa.

     

  • Despite a deadly attack on police and emailed threats from a militant group, Niger Delta militants are unlikely to resurrect the campaign of violence that once hobbled Africa's biggest energy industry.

     

  • Sub-Saharan Africa's economic growth should accelerate to more than 5 percent over the next three years, far outpacing the global average, but the region must do more to convert this into reducing poverty, the World Bank said on Monday.

     

  • Nigerian government revenues rose in March from February after it received overdue payments for oil and gas, the accountant general said on Saturday.

     

Breaking News