ECOWAS declared most dynamic regional economic community in Africa

Toga Gayewea McIntosh, vice president of ECOWAS Commission, declared ECOWAS the most dynamic regional economic community in Africa on Jan. 8. At the 35th meeting of the West Africa Monetary Zone (WAMZ) Convergence Council in Accra, McIntosh said the sub-region is a good reference point on economic growth, despite political, security, health and economic challenges. Read More »

U.S. donates military vehicles to aid Nigeria in fight against Boko Haram

The U.S. government donated 24 MRAP vehicles to Nigeria's military Thursday. The vehicles are worth $11 million and will be applied toward the anti-Boko Haram effort. The vehicles were delivered to Lagos and came out of the United State's Excess Defense Articles Program, which transfers unused U.S. military equipment to foreign governments. Another eight MRAPS will be delivered. Read More »

Nigeria's petroleum minister discusses subsidies, supply issues

Nigeria Minister of State for Petroleum Resources Ibe Kachikwu has been working over the past week with officials from the NNPC to ensure that an adequate supply of petroleum is kept flowing to not only the nation's cities, but also to both rural and outlying areas. Over the holidays, Kachikwu and NNPC oversaw the trucking of more than 22 million liters of petroleum across Nigeria. Read More »

West African water-sector ministers adopt infrastructure plans at meeting

During the fourth session of the Ministerial Follow-Up Committee of the Permanent Framework for Integrated Water Resources Management (IWRM) Coordination and Monitoring in West Africa, held recently in Dakar, Senegal, Economic Community of West African States (ECOWAS) members overseeing the water sector asked that more funding be put in place to protect the continent's water resources and build its water infrastructure. Read More »

NEXIM Bank, World Bank meet to re-energize Nigeria's mining sector

Nigerian Export-Import Bank managing director Roberts Ungwaga Orya met with representatives from the World Bank to discuss ways to enhance and revitalize the mining sector in Nigeria. Orya said NEXIM Bank's services included a variety of trade and market information and export advisory services for customers in the agro-processing, solid minerals and services (MASS) sectors. Read More »

Nigeria Energy Calculator now available online

The Nigeria Energy Calculator, a web tool that will predict energy supply and demand as well as carbon dioxide emissions in Nigeria, was unveiled Oct. 28 in Abuja. King also expressed his eagerness to witness Nigeria's gains in green power. A focus of the UN Conference will be rising global temperatures and heads of state will discuss legal agreements that will reduce carbon dioxide emissions. Read More »

Guinness Nigeria rewards distributors, supports their business growth

Guinness Nigeria Plc honored its distributors Wednesday at the 2015 national Distributors’ Conference and Awards Night for best-in-class performance and responsible marketing of its alcoholic beverage brands. At the conference, Guinness representatives announced new trade incentives and received input from distributors from across the country. Dr. Edmond Okafor was also honored. Read More »

Nigerian accounting leader recognized for his ongoing contributions

Nigerian President Muhammad Buhari thanked Akintola Williams for his contributions to the nation’s development. The praise came as the 2015 Akintola Williams Distinguished Lecture Series kicked off. The series is held in honor of the 96-year-old Nigerian, who was the first African to qualify as a chartered accountant and who was instrumental in founding the Nigerian Stock Exchange. Read More »

SGK Global offers online tracking of cargo

SGK Global has implemented a tracking system to give its clients who are shipping items to West Africa reliable service. Customers who need to ship a car or other cargo to West Africa can now make their orders online. Once they have put in the order, SGK's tracking system goes into effect, with the required payment being made after the delivered item has reached its destination.  Read More »

Nigerian businesses lagging in corporate corruption policies

Research by Control Risk, a global consulting firm, indicated that 84 percent of Nigerian companies have policies in place forbidding bribes -- slightly below the global average of 87 percent -- yet, bigger gaps exist in other areas. For instance, only 25 percent of Nigerian companies have a board director or a compliance committee with accountability for anti-corruption. Read More »

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