DIRS.INFO The most relevant business & tech news

“This year, overall views of the United States are much more positive than views of China in most places surveyed,” the report said. The 2019 survey recorded a median of 55% across 22 countries showing favorable views of the U.S., compared to a median of 39% of China. Of the same countries in 2023, medians of 58% and 21% had positive views of the U.S. and China, respectively. Then, a median of 53% across 15 countries reported favorable views of the U.S., compared to a median of 43% with favorable views of China. In 2023, medians of 59% and 27% across the same countries had favorable views of the U.S. and of China, respectively, according to Pew.

Persons: Joe Biden, “, Xi Jinping, Biden, Pew, Camp David, ”, Laura Clancy, Clancy, Donald Trump, Xi, Biden –, George W, Bush, China’s, Hu Jintao, — Organizations: WASHINGTON, Pew Research Center, China, Pew, Camp, Initiative, U.S Locations: United States, China, Washington, U.S, Australia, Poland, Japan, South Korea, Indonesia, South Africa, Mexico, favorability, Nigeria, Beijing, Germany, Sweden, Israel, Italy

☆ Nigeria's naira firms on black market, central bank settles FX forwards
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

The naira has hit successive record lows on the black market, where it trades freely, as excess demand on the official market gets funnelled to the unofficial market. The naira crossed the 1,000 naira mark on the black market on Sept. 26, the day newly-appointed central bank governor Olayemi Cardoso appeared before the Nigerian senate for his confirmation hearing. The central bank has not intervened on the official market since October, helping accelerate the naira's slide on the black market. The currency hit a record low of 1,300 naira per dollar on the black market, a month after it crossed the 1,000 naira mark, amid thin trading volumes on the parallel market and dollar shortages on the official market. On the official market, the naira was trading at 884.53 to the dollar at 1200 GMT.

Persons: Afolabi, firmed, Olayemi Cardoso, Cardoso, Wale Edun, Chijioke, Mark Potter Organizations: REUTERS, Rights, Finance, Thomson Locations: Rights ABUJA, Nigeria

☆ Nigerian radio host brings her native language to sports commentary
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

IBADAN, Nigeria, Nov 3 (Reuters) - Sports commentator Aderonke Adesola is not the voice most Nigerians expect to hear on the radio. She is 25 years old, a woman and hosts her show in the local language Yoruba instead of English, which dominates most programming in Nigeria. "There is a high level of illiteracy in Nigeria, where some people don't understand what the commentator is saying in English," Adesola told Reuters. "As a Yoruba commentator, my show comes to fill the gap." "Before, when the commentary was in English, only a few listened, but now everyone is interested because it is in a language we understand," said Suru Olayande, a welder.

Persons: Aderonke Adesola, Adesola, Suru Olayande, Seun Sanni, Nellie Peyton, William Mallard Organizations: Reuters, Thomson Locations: IBADAN, Nigeria, Ibadan

☆ Opinion | Two Ways of Looking at the West’s Population Dilemma
▼ + stars: | 2023-11-03 | by ( Ross Douthat | ) www.nytimes.com time to read: +11 min

That means the dilemma of the 21st century isn’t how Earth will feed an ever-growing population, but how the world will deal with a potential mass rebalancing of population via migration, an altered wealth-and-people equilibrium, in a world where technology is making the movement of peoples easier than ever. Clearly, the richest countries will be able to replenish their populations with immigration across the 21st century — if they choose. (A 25 percent ratio means there are four workers for every retiree; a 50 percent ratio, just two.) I don’t think you need to be especially pessimistic to regard that kind of transformation as incompatible with stable democratic governance. It’s among the reasons you already have the rightward shift in European politics and why immigration restriction will be a winning issue for the foreseeable future in many European countries.

Persons: Declan Walsh, Africa’s “, Hannah Reyes Morales, Walsh, it’s, Paul Morland, Philip Pilkington, —, hasn’t, don’t, ’, Morland, Pilkington, Biden, Trump, “, Gilbert Meilaender, Blake Smith, Yuan Yi Zhu, Valerie Stivers, Tim Miller, John Gallagher, — Sarah Neville Organizations: Financial Times Locations: Israel, Gaza, Europe, Africa, East Asia, Latin America, Italy, Spain, Bulgaria, Romania, Germany, Sweden, Nigeria, Morocco, Americas, America, United States, Palestine, Denmark, Britain, South Korea, Japan, Asia, Poland, ”, London, North America

☆ Nigerians outraged over government spending plans as millions face hardship
▼ + stars: | 2023-11-03 | by ( Nimi Princewill | ) edition.cnn.com time to read: +7 min

Lawmakers rejected the plans for a presidential yacht before approving the N2.1 trillion ($2.7 billion) supplementary budget on Thursday, following a public outcry. Local media reported Thursday that the Nigerian House of Representatives reallocated the amount for the presidential yacht to the student loan scheme before passing the spending bill. Onanuga, who is Tinubu’s Special Adviser on Information and Strategy, did not comment on the government’s plan to acquire luxury vehicles for the presidency. Last month, Nigeria’s Senate unveiled plans to acquire luxury vehicles for its 469 members despite the country’s struggling economy. Anti-corruption activist Ogunsanya told CNN that Nigerians were yet to reap the benefit of monies saved from the removal of the fuel subsidy.

Persons: Nigeria CNN —, ”, Reno Omokri, Yomi Ogunsanya, Ken Eluma Asogwa, Bayo Onanuga, ” Onanuga, It’s, Tinubu, Karimi, Ogunsanya Organizations: Nigeria CNN, Lawmakers, Twitter, CNN, World Bank, Nigerian, Nigeria’s Senate Locations: Abuja, Nigeria, India, “, Nigerian

☆ German president asks for forgiveness in Tanzania over colonial-era atrocities
▼ + stars: | 2023-11-01 | by ( Nimi Princewill | Stephanie Busari | ) edition.cnn.com time to read: +2 min

CNN —German President Frank-Walter Steinmeier apologized Wednesday for colonial-era atrocities committed by German forces in Tanzania during a visit to the East African country. Tanganyika, now present-day Tanzania, was first a German colony before coming under British control in 1919. Steinmeier told the Mbano family in Tanzania that his country would work towards finding Mbano’s remains, which may have been transported to Europe by German troops for burial after his execution. “I promise that we will work together with you to find Chief Songea’s skull in Germany,” the German president added. Steinmeier also traveled to Zambia Wednesday, with both visits aimed at fostering partnerships, according to the German government.

Persons: Frank, Walter Steinmeier, ” Steinmeier, Songea Mbano Mbano, Tanzanians, “, isn’t, ”, Steinmeier, Olaf Scholz’s, Scholz Organizations: CNN Locations: Tanzania, East, Tanganyika, German, Songea, Germany, ” Germany, Africa, Namibia, Europe, East Africa, Zambia, West Africa, Nigeria, Ghana

☆ How the Nigerian military fatally shot a young captive
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +19 min

The Nigerian government and military – including the presidency, Ministry of Defence, defence headquarters and army leaders – did not respond to detailed questions for this story. Various entities have accused Nigerian security forces of other abuses in connection with killings of civilians and captives. Two security force members told Reuters they saw multiple prisoners brought out of the barracks and shot after the fighting ceased. Tweets from Nigerian defence headquarters in Abuja show the military declared the hostilities over shortly after 11 a.m. Nine shots fired A uniformed security force member shot nine rounds at the young captive, pulling the trigger at least seven times, according to forensic audio experts who listened to the recording at Reuters’ request.

Persons: Melanie O’Brien, –, Ocampo, Christopher Musa, Musa, ” Musa, “, extrajudicially, Michael Oluoha Agi, ’ ”, ”, Boko, ‘ Allahu akbar ’, Yahaya, Haram, Biu, Bellingcat, Belllingcat, Chris Olukolade, Emmanuel Emeka, Emeka, Reade Levinson, David Lewis, Tim Cocks, Carlos Gonzales, Paul Carsten, Daphne Psaledakis, Stephanie van den Berg, Youri van, Adolfo Arranz, Sam Hart, Feilding, Julie Marquis, Alexandra Zavis Organizations: Reuters, International Association of, Nigerian, Ministry of Defence, ICC, Islamic, Human Rights Commission, United Nations, Twitter, Nigerian Army, Nigerian Air Force, Human Rights Watch, Amnesty International, U.S . State Department, U.S, Boko, Civilian, Task Force, Defence, Facebook, 231, Battalion, 331 Artillery Regiment Locations: Geneva, Nigeria, Haram, Islamic State West Africa Province, Nigerian, United States, Britain, U.S, Biu, Boko Haram, Abuja, Largema

☆ Suspected Boko Haram kills at least 40 in Nigeria's Yobe state, police say
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

MAIDUGURI, Nigeria, Nov 1 (Reuters) - At least 40 people were killed in Nigeria's Yobe state between Monday and Tuesday after suspected Boko Haram militants shot at villagers and set off a land mine, in the first major attack on the northern eastern state in 18 months, the police said on Wednesday. The attack happened at about 8:30 p.m. (1930 GMT) on Monday, at Gurokayeya village, Gaidam local government in Yobe State, the state's police spokesperson Abdulkarim Dungus said. He said gunmen opened fire on villagers, killing at least 17 people and that on Tuesday a land mine exploded, killing at least 20 villagers who were returning from burying victims of the previous attack. The last time a bomb exploded in Yobe state was in April 2022. Lawan Ahmed, a resident, told Reuters the militants shot at villagers sporadically from motorbikes, killing about 18 people on Monday.

Persons: Boko Haram, Abdulkarim Dungus, Bola Tinubu, Lawan Ahmed, Ahmed, Lanre Ola, Ahmed Kingimi, Chijioke Ohuocha, MacDonald Dzirutwe, Franklin Paul, Jonathan Oatis, David Gregorio Our Organizations: Reuters, Thomson Locations: MAIDUGURI, Nigeria, Yobe, Gurokayeya, Yobe State, Borno

☆ Flooded pitch fails to dampen spirits of Ireland's women
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

"Wettest game in history but job done and top of the group with the girlsss," Ireland captain Katie McCabe posted on Instagram after the match in Shkoder. "Ballon Pour," Ireland team mate Louise Quinn commented under the post, a reference to McCabe, like many others, missing the Ballon d'Or ceremony on Monday despite her nomination. After 20 minutes of play the first rumbles were heard, accompanied by torrential rain. The game was scoreless at halftime and play was suspended for an hour as ground staff cleared the waterlogged pitch. Denise O'Sullivan scored the winner in the 88th minute, and with four wins from four games, Ireland have secured the group win and promotion with two games still to play.

Persons: Ireland's Katie McCabe, Dan Peled, Katie McCabe, Louise Quinn, McCabe, Denise O'Sullivan, Sinead Farrelly, Trevor Stynes Organizations: Soccer Football, FIFA, Brisbane Football, REUTERS, Ireland, League, Women's Nations, Thomson Locations: New Zealand, of Ireland, Nigeria, Brisbane, Australia, Republic, Albania, Shkoder, Dublin

☆ German-Israeli woman taken hostage by Hamas at music festival is dead, Israel says
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

"I am really sorry to report that we have now received news that Shani Nicole Louk has been confirmed murdered and dead," Israeli President Isaac Herzog told Germany's Bild newspaper. Louk, 23, was one of scores of people taken by Hamas during a deadly assault on the Israeli military and civilian communities that killed 1,400 people, mostly civilians. German Chancellor Olaf Scholz, whose government has staunchly supported Israel as it mounted an offensive against Gaza in retaliation, said Hamas had to be held accountable. A family source told Reuters that a part of a body had been found which was matched to Louk's DNA. "At least she didn't suffer," her mother Ricarda Louk told RTL/ntv.

Persons: Shani Nicole Louk, Benjamin Netanyahu, Yoav Gallant, Isaac Herzog, Germany's, Olaf Scholz, Scholz, Ricarda Louk, Matthias Williams, Andreas Rinke, Rachel More, Emelia Organizations: Israeli, Hamas, Gaza, Reuters, RTL, ntv, Thomson Locations: Gaza, Israel, Tel ., Palestinian, Nigeria, German

The White House is pictured from the West Wing Driveway in Washington, U.S., February 10, 2022. Analysts say ransomware attackers also increasingly steal sensitive data to extort victims. The White House has long advised against paying ransoms and has been pushing other countries to make the same commitment. During the third International Counter Ransomware Initiative, the administration will announce “significant” outcomes, including initiatives for sharing information on the ransomware attackers between counties. Figuring out the scale of ransomware attacks can be tricky because many companies don’t report them.

Persons: Tom Brenner, Ransomware, “ We're, Costa, South Korea –, ”, Trevor Hunnicutt, Zeba Siddiqui, David Gregorio Our Organizations: REUTERS, Rights, Analysts, Initiative, Interpol, European Union, Thomson Locations: Washington , U.S, U.S, Nigeria, Costa Rice, Singapore, South Korea

☆ F.D.A. Experts Will Vote on Safety of a Cure for Sickle Cell Disease
▼ + stars: | 2023-10-30 | by ( Gina Kolata | More About Gina Kolata | ) www.nytimes.com time to read: +4 min

An estimated 100,000 people in the United States have sickle cell disease, most of whom have African ancestry. will decide on another application for sickle cell gene therapy made by Bluebird Bio. Two other companies and an academic center, Boston Children’s Hospital, are testing their own sickle cell gene therapies. While these therapies could reduce the suffering of sickle cell patients in the United States and other wealthy countries, there is an even greater need for them in some developing countries like Nigeria. One company, Beam, is testing a way to provide gene editing that requires nothing more than a single infusion in a doctor’s office.

Persons: “, Mariah Jacqueline Scott, Scott, ”, Stephan Grupp, What’s Organizations: Institute for Clinical, CRISPR Therapeutics, Children’s Hospital of Philadelphia, Bluebird, Boston Children’s Hospital Locations: United States, Highland Park, N.J, Boston, Nigeria

☆ Germany's Scholz says his country willing to invest in Nigerian gas, minerals
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Johanna Geron Acquire Licensing RightsABUJA, Oct 29 (Reuters) - German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa's largest oil producer, as he started a two-nation visit to sub-Saharan Africa. "There is a willingness to invest, especially in critical minerals," Scholz told reporters at a joint briefing with Nigerian President Bola Tinubu in the capital Abuja. "If we are successful, if there is a better chance of exporting the produced gas ... it is then the question for German companies to do their private business," said Scholz. Tinubu said he had "a very deep discussion" on the issue of gas and encouraged German businesses to invest in pipelines in Nigeria. Without giving details, Scholz said there was also a willingness from German companies to build railways in Nigeria.

Persons: Olaf Scholz, Johanna Geron, Scholz, Bola Tinubu, Tinubu, Felix Onuah, Andreas Rinke, MacDonald Dzirutwe Organizations: European Union, REUTERS, Rights, West African, ECOWAS, Thomson Locations: Brussels, Belgium, Rights ABUJA, Nigeria, Saharan Africa, Berlin, Abuja, Niger, Gabon

☆ The World Is Becoming More African
▼ + stars: | 2023-10-28 | by ( Declan Walsh | Hannah Reyes Morales | ) www.nytimes.com time to read: +37 min

Old World Young Africa As the world grays, Africa blooms with youth. The World Is Becoming More African Part one of a series on how the youth boom is changing the continent, and beyond. But while a handful of African countries are poised to ride the demographic wave, others risk being swamped by it. In the West, racists and right-wing nationalists stoke fears of African population growth to justify hatred, or even violence. The age gap between geriatric leaders and restless youth is “a major source of tension” in many African countries, said Simon Mulongo, a former African Union diplomat from Uganda.

Persons: Lauren Leatherby, ”, Jean, Patrick Niambé, Hilton, Edward Paice, “, Keziah Keya, Keya, Paul R, Ehrlich, stoke, Lauren Leatherby “, Carlos Lopes, Burna, Weeks, “ It’s, Laolu Senbanjo, Tems, Toulaye Sy, Pritzker, Abdulrazak Gurnah, “ Africa’s, ” Long, exotica, Mulendema, Hannah O’Leary, “ We’re, Sipho Dlamini, Dlamini, Moawad, Optimists, Mo Ibrahim, Aubrey Hruby, birthrates, India’s, China’s, Akinwumi Adesina, States —, William Ruto, Paul Biya of, Biya, Wole Soyinka, Paul Kagame of, Nourdine, Nigeriens, Awade, Ali Bongo Ondimba, Simon Mulongo, Nuha Abdelgadir, Abdelgadir, gesturing, “ We’ve, ” Weeks, Abdelgadir’s, Modu Ali, Young, Saidu, Habiba Mohammed, Ms, Ha, Joon Chang, Nobody, Chang, Ibrahim, Touré Organizations: Young, United Nations, Southern, Northern, Western Asia Northern, United, Ivory Coast, African Union, Group, European Union ., Suisse, Africa Research Institute, Nigeria Mozambique Kenya “, Russia Canada Germany United, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia Dem, Russia Germany, China Egypt India Nigeria D.R.C, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Dem, Bank, Nations, International, Bryn Mawr College, Angola, Angola Ivory Coast, Angola Ivory Coast Cameroon Dem, Africa Middle Africa Southern, Economic Commission, New, Citi, Spotify, Cannes Film, Burkina Faso, UNESCO, Disney, Amazon Prime, Netflix, “, Apple, Cape Town, Microsoft, Google, Infrastructure, McKinsey & Company, Pew Research Center, African Development Bank, Greek Coast Guard, Saudi, Africa Climate, Young Voters, Freedom House, University of Denver, United Arab, Japan Cuba Vatican City, Netherlands South Korea Belgium U.A.E, Islamic, Global, Center for Girls Education, School of Oriental, Studies Locations: grays, Africa, India, China, United States, Southern Asia, Asia, America, Caribbean, Northern America, Western Asia, Western Asia Northern America, Europe, London, New York, West Africa, Ivory, Abidjan, Russia, Turkey, Gulf, Nairobi, Nigeria Mozambique Kenya, Italy, Japan, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia, Congo Indonesia Brazil Australia South Africa Argentina, Russia Germany U.S, China Egypt India Nigeria, Brazil South Africa Australia, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria, Nigeria, Africa’s, Young, South Africa, Somalia, Mozambique, Mali, Gabon, Niger, Mozambique Nigeria Kenya, Kenya, Pennsylvania, Angola Ivory, Angola Ivory Coast Cameroon, Congo Algeria Egypt, Ghana Kenya Madagascar Mozambique Niger Nigeria, Tanzania Uganda South Africa, Northern Africa Eastern Africa, Africa Middle Africa, Africa Middle Africa Southern Africa, Guinea, Bissau, African, Qatar, Nigerian, Brooklyn, Target, French, Senegalese, Paris, Milan, Venice, Burkina, Tanzania, Saharan Africa, Nigeria Kenya Senegal In Lagos, Dakar, Zambia, South Korea, Sotheby’s, Lagos, Zimbabwe, Watford, Cape, Mombasa, Zanzibar, Cairo, Morocco, East Africa, Nigeria Mozambique Morocco, Sudanese, North Africa, East Asia, Thailand, Rwanda, Ivory Coast, States, Namibia, Kenyan, Paul Biya of Cameroon, Paul Kagame of Rwanda, United Arab Emirates, United States France Turkey, Germany, Russia India, Brazil, Japan Cuba, Japan Cuba Vatican City Spain Italy Saudi Arabia Qatar, Netherlands South Korea Belgium, Iran Canada, Niger’s, Niamey, Senegal Kenya Kenya, X’s, Tunisia, Egypt, Libya, Senegal, Uganda, Khartoum, Sudan, Ethiopia, Al Qaeda, Islamic State, Chad, Burkina Faso, Nigeria Nigeria Morocco, hijabs, Zaria, American, Korea, South, England

☆ Explainer: What is pushing the Nigerian naira to record lows?
▼ + stars: | 2023-10-27 | by ( Chijioke Ohuocha | ) www.reuters.com time to read: +4 min

Investors cheered when Tinubu lifted the currency controls, hoping a unified exchange rate would make it easier to access foreign currency, but that is yet to happen. Banks then repaid foreign credit lines with their own funds when the central bank did not pay out. New central bank governor Yemi Cardoso said clearing the backlog was a priority but he gave no timeline for how long it would take. The country's forex reserves fell to $33.5 billion in September from $37 billion in January, central bank data shows. Banks use their open net positions on foreign currency to finance short-term trade lines without resorting to the central bank for bidding.

Persons: Bola Tinubu, Tinubu, corporates, Banks, Yemi Cardoso, Chijioke Ohuocha, MacDonald Dzirutwe, Hugh Lawson Organizations: JPMorgan, FX, National Economic Council, BANK, Thomson Locations: ABUJA, Nigeria

☆ Nigerian Supreme Court upholds President Tinubu's election win
▼ + stars: | 2023-10-26 | by ( Camillus Eboh | ) www.reuters.com time to read: +2 min

Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Oct 26 (Reuters) - Nigeria's Supreme Court on Thursday upheld President Bola Tinubu's election win, bringing to an end a legal challenge brought by his two main rivals, who argued that his victory was marred by irregularities. The judgment by seven Supreme Court judges, which is final, follows a pattern seen in previous presidential elections that have been challenged in court. "There is no merit in this appeal, and it is hereby dismissed," said Supreme Court judge John Okoro. The court also rejected Atiku's bid to introduce new evidence that alleged Tinubu had submitted a forged university certificate to the electoral agency.

Persons: Bola Tinubu, Temilade, Bola Tinubu's, Atiku Abubakar, Peter Obi of, Tinubu's, Tinubu, John Okoro, Camillus Eboh, MacDonald Dzirutwe, Estelle Shirbon, Sharon Singleton Organizations: REUTERS, Rights, People's Democratic Party, Labour Party, Thomson Locations: Abuja, Nigeria, Rights ABUJA, Africa's

The decision by Saudi Arabia and Russia to extend the voluntary cuts drove up oil prices to over $90 a barrel in late September. Saudi crude exports to China rose to nearly 1.6 million bpd in September, up from 1.2 million bpd in August and 1.37 million bpd in July, Kpler data showed. U.S. CRUDE EXPORTS FALLAs the U.S. sees less crude imports, it has exported less oil to Europe. U.S. crude exports to Europe fell to 1.86 million bpd in September and 1.84 million bpd in August, from 2.01 million bpd in July, Kpler data showed. Tight supply led the premium for front-month Brent crude futures to rise to as much as $3.26 a barrel above the second month , the highest since 2022.

Persons: Lucy Nicholson, Matt Smith, Smith, refiners, Vortexa's Rohit Rathod, Adi Imsirovic, Brent, Stephanie Kelly, Alex Lawler, David Gregorio Our Organizations: Port, REUTERS, Brent, Organization of, Petroleum, Total U.S, Americas, Kpler, West, Surrey Clean Energy, CSIS, Midland, P, Insights, Thomson Locations: Port of Long Beach, Port of Los Angeles, Los Angeles , California, U.S, Saudi Arabia, Europe, Russia, Nigeria, Algeria, Saudi, China, Richmond , California, Los Angeles, Midland, Brent

☆ Nigerian naira hits record black market low -abokiFx
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

ABUJA, Oct 26 (Reuters) - Nigeria's naira hit a record low of 1,300 per dollar on the black market on Thursday, online platform abokiFX showed, driven by thin trading volumes on the parallel market and dollar shortages on the official market. The naira has been in free fall on the unofficial market, where it trades freely, after currency restrictions were lifted on the official market. Last month, the currency slid past 1,000 naira per dollar on the black market and has continued to weaken. On the official market, the naira recovered to 775 to the dollar from a record low of 999 it touched last week. It kept losing ground, however, on the black market due to thin trading.

Persons: naira, Yemi Cardoso, Wale Edun, Chijioke, Tomasz Janowski Organizations: Finance, Thomson Locations: ABUJA, Nigeria

ABUJA, Nigeria (AP) — Africa’s fashion industry is growing rapidly to meet local and international demand but inadequate investment limits its potential, UNESCO said Thursday in a report released during Lagos Fashion Week. The demand for African fashion brands is also spurred by the growth in e-commerce, the UNESCO report noted. It’s really beautiful to see because it hasn’t always been like this,” said Omoyemi Akerele, who founded the Lagos Fashion Week in 2011 to encourage the patronage of Nigerian and African fashion. In Nigeria and other parts of Africa, young fashion designers are hungry for success and are taking over the global scene, said the UNESCO director-general. “So Africa is really the next frontier (for the fashion industry).”___Associated Press journalist Dan Ikpoyi in Lagos, Nigeria contributed.

Persons: Audrey Azoulay, ”, Omoyemi Akerele, “, Ejiro Amos, Tafiri, Dan Ikpoyi Organizations: UNESCO, Lagos Fashion, U.S . International Trade Administration, Associated Press Locations: ABUJA, Nigeria, Lagos, Africa, Nigerian

☆ Nigeria's top court affirms Tinubu's election win
▼ + stars: | 2023-10-26 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsNigeria's top court affirms Tinubu's election winPostedNigeria's Supreme Court on Thursday (Oct. 26) upheld President Bola Tinubu's election win, bringing to an end a legal challenge brought by his two main rivals who argued that his victory was marred by irregularities. Trevor Koroll has more.

Persons: Bola Tinubu's, Trevor Koroll

☆ In Israel and Gaza, Searching for Humanity - The New York Times
▼ + stars: | 2023-10-26 | by ( David Brooks | ) www.nytimes.com time to read: +2 min

The conceptual frames that many people use to organize their understanding of the world are crashing and burning upon contact with Middle Eastern reality. The first paradigm that failed this month was critical race theory or woke-ism. A group of highly educated American progressives cheered on Hamas as anti-colonialist freedom fighters even though Hamas is a theocratic, genocidal terrorist force that oppresses L.G.B.T.Q. American universities exist to give students the conceptual tools to understand the world. It appears that at many universities students are instead being fed simplistic ideological categories that blind them to reality.

Persons: Mounk, It’s, Israel, —, Boko Haram Locations: American, Nigeria

☆ Nigeria escapes $11 billion bill after UK court rules over failed gas project
▼ + stars: | 2023-10-24 | by ( Nimi Princewill | ) edition.cnn.com time to read: +2 min

CNN —Nigeria’s government is celebrating a “landmark victory” after a UK court ruled it was not liable for a multibillion-dollar payout earlier awarded to a private firm over a failed gas project. The company had sued for compensation over lost profits following the collapse of a 20-year deal with Nigerian authorities in 2010 to build a gas processing facility. The awarded sum and accumulated interest had now exceeded $11 billion, nearly half of Nigeria’s federal budget for this year. Disagreements after both parties blamed each other for defaulting on obligations led to the failed deal and sparked a lengthy legal battle. Lawyers for the Nigerian government had argued that P&ID induced the country’s officials with bribes for the contract to be awarded to the firm.

Persons: CNN —, Robin Knowles, “, …, ” Knowles, ”, General Lateef Fagbemi, Bola Tinubu, Knowles ’ Organizations: CNN, Developments Locations: British Virgin Islands, London, Nigeria

☆ CAB Payments: One of London's biggest IPOs this year has crashed 82%
▼ + stars: | 2023-10-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Three months ago, CAB Payments stumbled when it went public on the London Stock Exchange, its shares falling nearly 10% on their first day of trading on a market that has been starved recently of new listings. The mood went from bad to worse Tuesday, however, when the fintech firm’s shares crashed nearly 74% after it issued a stark warning on revenues. The stock has now lost 82% of its value since listing. In a statement on Tuesday, CAB Payments said that it expects revenue this year would likely come in 17% below its previous guidance but still 20% up on 2022. CAB Payments’ stock was trading at almost 59 pence (72 cents) by 09.01 a.m.

Persons: Merlin Midco Organizations: London CNN —, London Stock Exchange, Payments, Central, West African, Reuters, CAB, Helios Investment Partners, BlackRock Locations: Nigerian, Nigeria, Africa

☆ Nigeria’s paramilitary raids birthday party, arrests 76 gay people
▼ + stars: | 2023-10-24 | by ( ) edition.cnn.com time to read: +1 min

Reuters —Seventy-six people were arrested for attending a birthday party for gay people in northern Nigeria, the country’s paramilitary agency said on Monday, adding that the organizer had also planned to hold a same sex wedding, which is illegal. These are the latest arrests targeting LGBTQ Nigerians after police in August raided a gay wedding in the southern city of Warri in Delta state, and arrested dozens of people. He said 59 men had been arrested, including 21 who confessed to being homosexual, and 17 women. The Gombe NSCDC said in a statement that the organizer of the birthday party had also planned to wed another man, who was still at large, before police raided the event. The case was expected to be heard in the Gombe state High Court on Tuesday, Saad said.

Persons: Buhari Saad, ”, Saad Organizations: Reuters, Nigeria Security, Civil Defence Corps Locations: Nigeria, Warri, Delta, Africa, Gombe, Africa’s

☆ A Project Supporting Migrants Was Cost Effective. Why Did It End?
▼ + stars: | 2023-10-23 | by ( Megan Specia | More About Megan Specia | ) www.nytimes.com time to read: 1 min

At the age of 13, she came to England from Nigeria with her relatives for what she thought was a summer vacation. It was only after they arrived in Bedfordshire, in the east of England, that she discovered there were no plans to go back. Because of what she describes as the “irresponsibility” of her guardians, the teenager — now a 26-year-old woman — had no visa or asylum status, and neither did her siblings. “I had no knowledge, no understanding, I just knew that I couldn’t do what people my age were doing,” she said, asking to remain anonymous because of her relatives’ undocumented status.

Persons: —, “, ” Locations: England, Nigeria, Bedfordshire

Search resuls for: "nigeria"

25 mentions found