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ABUJA, Aug 2 (Reuters) - Nigeria's main labour federation has agreed to return to talks with the government following a meeting with President Bola Tinubu on Wednesday, union leaders said, on a day when hundreds of Nigerians marched against the removal of a petrol subsidy. The Nigeria Labour Congress (NLC) said the marches across major Nigerian cities were successful enough to force Tinubu to meet union leaders and vow to expedite an agreement on a new minimum wage among other promises. [1/2]Members of the Nigerian Labour Union, holding flags and placards, march during a protest against fuel price hikes and rising costs, in Abuja, Nigeria August 2, 2023. REUTERS/Abraham AchirgaLed by union leaders, protesters carrying placards marched in Lagos, the oil-producing state of Bayelsa and in the northern cities of Kano and Kaduna. In the capital Abuja, marchers broke down a gate to the National Assembly, expecting to be addressed by the Senate president, witnesses said.
Persons: Bola Tinubu, Tinubu, Tinubu's, Dele Alake, Abraham Achirga Led, Elisha Bala, MacDonald Dzirutwe, Tife, Hamza Ibrahim, Garba Muhammad, Tomasz Janowski, Giles Elgood, Sandra Maler Organizations: Nigeria Labour Congress, Nigerian Labour Union, REUTERS, NLC, National Assembly, Thomson Locations: ABUJA, Nigeria, Abuja, Lagos, Bayelsa, Kano, Kaduna, Gbogbo, Yenagoa
They survived another four days, according to their account, by drinking the sea water crashing just meters below them, before being rescued by Brazilian federal police in the southeastern port of Vitoria. "It was a terrible experience for me," said 38-year-old Thankgod Opemipo Matthew Yeye, one of the four Nigerians, in an interview at a Sao Paulo church shelter. Both men said economic hardship, political instability and crime had left them with little option but to abandon their native Nigeria. He had never met his new shipmates and feared they could toss him into the sea at any moment. Father Paolo Parise, a priest at the Sao Paulo shelter, said he had come across other cases of stowaways, but never one so dangerous.
Persons: Matthew Yeye, Friday, Ken, Father Paolo Parise, Steven Grattan, Gabriel Stargardter, Rosalba O'Brien Organizations: SAO PAULO, Liberian, Sao, Thomson Locations: Vitoria, Sao Paulo, Europe, Brazil, Nigeria, Africa's, Lagos
A plus-sized passenger was stuck in his seat for three hours after the plane landed, per The Sun. He was in Seat 1A, which is typically reserved for British Airways Executive Club Gold card holders. A plus-sized British Airways passenger got stuck in a first-class seat after his flight landed in the UK from Nigeria early on Saturday morning, according to The Sun. According to Business Class Experts, a travel website, seats in British Airways First Class are nearly two-feet-wide. British Airways did not immediately respond to Insider's request for comment.
Organizations: British Airways Executive, Sun, Morning, British Airways, Murtala Muhammed International, London Heathrow Airport, Club, Business, British Airways First, CNN Locations: Nigeria, Lagos
A teacher in northern Nigeria walks three hours to school every day, no longer able to pay for a ride in a tuk tuk rickshaw. Bakers operate at a loss amid soaring flour prices. Workers in Lagos sleep overnight in their offices to avoid the prohibitive cost of commuting. Now the question is whether Nigeria, Africa’s most populous country, with 220 million people, will thrive or just get sicker from the bitter medicine dispensed by its new president. Gas stations tripled their prices overnight.
Persons: Bola Tinubu, Tinubu Organizations: Workers, Gas Locations: Nigeria, Lagos, Africa’s, Africa
[1/5] Visually impaired pastor Chimaobi Nduka sings with the faithful during blind people's Sunday church service at Bethesda Home for the Blind in Lagos, Nigeria July 2, 2023. REUTERS/Seun SanniLAGOS, July 21 (Reuters) - Every Sunday, worshippers at Bethesda Home Church in Lagos sing and dance to popular hymns. But there's a twist: the drummers, guitarists, keyboard player and choir are all visually impaired. "When (people) start seeing the ability in them, they will believe in them," said Ohakwe, who runs an NGO for visually impaired people. "I want anybody out there, as a visually impaired person or a disabled person, to have in his mind that there is a lot you can still do if you believe in yourself."
Persons: Chimaobi Nduka, Seun Sanni, Chioma Ohakwe, Ohakwe, Nathaniel Ndukwe, Ogungbe Abiola, Abiola, Hereward Holland, Nellie Peyton, Alison Williams Organizations: Bethesda Home, Blind, REUTERS, Seun, Bethesda Home Church, World Bank, Fed, Thomson Locations: Lagos, Nigeria, Seun Sanni LAGOS, Bethesda
Themed “Unleashing the potential and value of the African Creative Industry,” the continent’s billion-dollar creative industry will be at the center of conversations at the event, which aims to shine a spotlight on the possibilities and untapped value that the industry holds. Courtesy Platform CapitalAs an advocate for the continent’s cultural potential, Akindele is passionate about changing misconceptions surrounding the African creative industry at Africa Walk. “There’s a myth about the creative industry (in Africa) - that it is not structured and that you cannot put money in there,” he said. Similar to the oil industry’s success, the creative industry requires a lot of refineries to produce the finest oil product. The same refining is highly needed for our creative industry now,” said the singer whose real name is Oladapo Daniel Oyebanjo.
Persons: , Lehle Balde, Akintoye Akindele, ” Akindele, Lai Mohammed, Renee Yao, , Nollywood, Party ”, Afrobeats, Kunle Remi, D’banj, creatives, “ I’ve, Daniel Oyebanjo, Oyebanjo, Riyah Abdul, ” Abdul Organizations: Nigeria CNN, Capital, CNN, African Creative Industry, Nigerian Information, Global Healthcare, Nvidia, Party, Africa Locations: Abuja, Nigeria, Africa, Senegal, Dakar, Lagos, Europe, North America, Asia, South Africa, Kenya
[1/2] Nigerian gospel singer Oluwatobi Kufeji, 39, sings as he attempts to break a Guinness world record of longest singing hours, in Lagos, Nigeria July 10, 2023. REUTERS/Seun SanniLAGOS, July 13 (Reuters) - A Nigerian man has completed more than 200 hours singing, another managed a 100-hour live video on Instagram, while a masseuse's bid to massage people for 75 hours ended in exhaustion. The three are among more than a dozen Nigerians aiming to set Guinness World Records in the latest craze to hit Africa's most populous nation. Then Lagos-based gospel singer Oluwatobi Kufeji took to singing for 200 hours to help boost his career. Still, she managed 50 hours and said that would be enough to make the record book.
Persons: Oluwatobi Kufeji, Seun Sanni, Hilda Bassey, Masseuse Joy, Vining, MacDonald Dzirutwe, Nick Macfie Organizations: REUTERS, Seun, Guinness, Records, Thomson Locations: Nigerian, Lagos, Nigeria, Seun Sanni LAGOS, Ekiti
Polic?a... Read moreMADRID, July 11 (Reuters) - The Spanish coastguard rescued two Nigerian migrants who stowed away on the rudder of a ship that arrived in the Canary Islands from Togo, a coastguard spokesperson and the police said on Tuesday. After being rescued on Monday night in the port of Las Palmas, the migrants were taken to a hospital. The container ship's last stop before reaching the Spanish archipelago off the African coast was Lome, Togo's capital, said the coastguard spokesperson without elaborating. In a similar case in November last year, the Spanish coastguard rescued three African stowaways who had arrived in the Canary Islands after enduring 11 days on the rudder of a fuel tanker from Nigeria. The Spanish-owned Canary Islands are a popular but dangerous gateway for African migrants attempting to reach Europe.
Persons: Read, Joan Faus, Sharon Singleton Organizations: Spanish coastguard, Las Palmas de, Las Palmas de Gran Canaria, coastguard, Twitter, MSC, Guardia Civil, La Provincia, Thomson Locations: Canary, Togo, Las Palmas, Las Palmas de Gran, Spain, MADRID, Palmas, Spanish, Lome, Togo's, Lagos, Nigeria
Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.
Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, , I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT
Lagos, Nigeria CNN —For the first time, Essence Fest – which has been celebrating African American culture in the United States for more than two decades – is devoting a day to Nigeria’s Nollywood film industry – the most prolific in Africa. “Nigeria will have its own day in terms of the film and TV industry, where we are front and center. “It’s such an honor to be part of this inaugural official Nollywood delegation to the Essence Festival. Last year, Amazon Prime Video secured exclusive streaming agreements with two Nollywood film studios in its hunt for African content. (But) we have to take our stories out … by participating in international events like the Essence Festival and the Cannes Film Festival.
Persons: Nigeria’s, Toyosi, , Shawn Faqua, , Daniel Etim Effiong, Nollywood, Effiong, Etim Effiong Organizations: Nigeria CNN —, Culture, CNN, , Essence, Amazon Prime, Netflix, Cannes Film, American Locations: Lagos, Nigeria, United States, Africa, New Orleans, “ Nigeria, West African, Nigerian, Nollywood
Kenyan shipments of tea - its major export - have fallen by a fifth over the last year, according to the local regulator. The spike in global interest rates has already tipped Sri Lanka and Ghana into defaulting. Reuters GraphicsBLACK MARKETAlthough the dollar's share as a global reserve currency has dropped to 59% from 70% over a decade, it continues to dominate global trade. Nigeria has long had a web of multiple exchange rates which it is now trying to untangle, having also devalued its naira currency again last week. A plunge of around 70% in Bolivia's reserves has spawned queues at banks and currency exchange shops as some merchants stopped accepting local currency.
Persons: Wilson Muthaura, KTDA, Charlie Robertson, Muthaura, David Willacy, Ojo, Chaucer, Ronal, Luiz Inacio Lula da Silva, Kristalina Georgieva, William Ruto, Duncan Miriri, Marc Jones, Macdonald Dzirutwe, Monica Machicao, Mayela Armas, David Sherwood, Catherine Evans Organizations: Bank, FIM Partners, Reuters Graphics, Workers, REUTERS, La Paz, West, Reuters, JPMorgan, Monetary Fund, IMF, Fund, Thomson Locations: NAIROBI, LONDON, Pakistan, COVID, Russia, Ukraine, London, Islamabad, Egypt, Sri Lanka, Ghana, Tunisia, teetering, Nigeria, Kenya, StoneX, Nigeria's, Lagos, British, Cuba, Venezuela, Githunguri, Kiambu County, United States, Lebanon, Turkey, Ethiopia, China, India, Johannesburg, Saudi Arabia, Africa, Argentina, Nairobi, La Paz, Caracas, Havana
Nigeria today faces record debt, unemployment is worryingly high, and power shortages have contributed to years of anaemic growth. "The path to political power in Nigeria, over time, has always been through these vested interests," said Bismarck Rewane, CEO at Financial Derivatives Company in Lagos. ENTRENCHED NETWORKSTinubu's ambitions to build a $1 trillion economy in eight years could come unstuck in part due to chronic power shortages. Getting the lights on would be a major win, but to do so some say Tinubu must remove grid subsidies and cut red tape. Tinubu suspended the head of the financial and economic crimes agency, but has yet to outline an anti-graft plan.
Persons: Bola Tinubu, Jason Tuvey, Bismarck Rewane, Tinubu, Tunau Taiwo, Nnamdi Obasi, Prince Ojeabulu, Muhammadu Buhari, jihadists, beholden, Joe Bavier, Conor Humphries Organizations: New, Capital Economics, Financial Derivatives Company, International, Rensource Energy, Nigeria Delta, Observers, Thomson Locations: Nigeria, LAGOS, New Nigerian, Lagos
A British Airways flight was delayed for hours after its emergency slide was accidentally inflated. The Sun reported that it was deployed by a flight attendant on her first trip on an Airbus A350. A similar incident affected another British Airways plane at Heathrow in January. A British Airways cabin crew member accidentally activated an emergency slide as the plane was heading for the runway, delaying passengers for hours. It's the second such incident affecting British Airways this year.
Persons: It's, British Airways repesentative Organizations: British Airways, Sun, Airbus, Morning, The, Boeing, Heathrow, Evening Locations: Heathrow, London, Austin , Texas, Lagos, Nigeria
But investors, burned by previous reforms that ultimately proved hollow, say it will take time to build trust and listed myriad questions over the final shape of the economy. Tinubu is from the same party as predecessor Muhammadu Buhari, dubbed "Baba Go-slow" for his pottering pace - taking six months to appoint cabinet members. Nigeria's international dollar bonds and the country's stock market have been boosted by the speedy reforms. Reuters GraphicsInvestors also worry about low tax receipts and falling oil output - structural reforms that will take far longer to sort. Meanwhile interest rates, which Tinubu has said he would like to see fall, were hiked by 50 bps last month to 18.5%.
Persons: Bola, Temilade, Bola Tinubu's, Tunde Ajileye, Muhammadu Buhari, Godwin Emefiele, Goldman Sachs, Andrew Matheny, John Mumo, Joe Delvaux, Amundi, Delvaux, Tinubu, Patrick Curran, Rachel Savage, Libby George, Karin Strohecker, Nick Macfie Organizations: Nigeria's, REUTERS, Central Bank, Reuters, Reuters Graphics, Tellimer, Thomson Locations: Abuja, Nigeria, JOHANNESBURG, LONDON, Lagos, Blakeney, Africa
ABUJA, June 14 (Reuters) - Nigeria's central bank allowed the naira currency to drop as much as 36% on the official market on Wednesday, days after the central bank governor who oversaw much-criticised multiple exchange rates was suspended. The naira hit a record low of 750 to the dollar on the official market, Refinitiv Eikon data showed, down from a previous low of 477 naira to the dollar struck on Tuesday. Traders said the central bank had removed trading restrictions on the official market. Central bank governor Godwin Emefiele was suspended late last week, after new President Bola Tinubu criticised Emefiele's handling of the currency and monetary policy at his inauguration. Tinubu has called on the central bank to work towards a unified exchange rate, rather than the multiple exchange rates Emefiele oversaw to keep the naira artificially strong.
Persons: Godwin Emefiele, Bola Tinubu, Tinubu, Emefiele, Charlie Robertson, MacDonald Dzirutwe, Rachel Savage, Karin Strohecker, Alexander Winning, Chizu Organizations: Traders, FIM Partners, Thomson Locations: ABUJA, Central, Lagos, Johannesburg, London
Lagos, Nigeria CNN —Nigerian chef Hilda Effiong Bassey, known on social media as Hilda Baci, has been confirmed as the new world record holder for the longest cooking marathon, the Guinness World Record (GWR) committee said Tuesday. The record was confirmed nearly a month after the GWR reviewed footage from the cookathon, which lasted four days. I said I wanted to be a record holder and now I am. Although Bassey cooked for 100 hours, she was penalized for an error in her scheduled rest breaks, according to the world record committee. “There was a miscalculation when it came to Hilda’s rest breaks, meaning we are unable to award the 100 hours claimed,” the adjudicator said.
Persons: Hilda Effiong Bassey, Hilda Baci, Mark, ” Bassey, Bassey, Lata Tondon, Organizations: Nigeria CNN —, GWR, CNN Locations: Lagos, Nigeria, Indian
LAGOS, June 10 (Reuters) - Nigeria's suspended central bank Governor Godwin Emefiele has been detained and is being held in custody for investigative reasons, the police's Department of State Services (DSS) said on Saturday. The country's new President Bola Tinubu suspended Emefiele with immediate effect on Friday, a measure the government said was linked to an ongoing probe of the governor's office and to planned reforms in the financial sector. "The Department of State Services (DSS) hereby confirms that Mr Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN) is now in its custody for some investigative reasons," the DSS statement said. Under Nigerian law, the permanent removal of a central bank governor from office would require a vote by the Senate. Economic analysts expect a series of changes at the central bank, including a gradual devaluation of the naira.
Persons: Godwin Emefiele, Bola Tinubu, Tinubu, Mr Godwin Emefiele, Emefiele, Razia Khan, MacDonald Dzirutwe, Alex Richardson, Mike Harrison, Helen Popper Our Organizations: police's Department of State Services, of State Services, Central Bank of Nigeria, Senate, Standard Chartered, Thomson Locations: LAGOS, Africa, Middle East, Nigeria
Nigeria regulator says local Binance operations 'illegal'
  + stars: | 2023-06-10 | by ( ) www.reuters.com   time to read: +1 min
LAGOS, June 10 (Reuters) - Nigeria's markets regulator has ordered the world's largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal. "Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever," the Securities and Exchange Commission (SEC) said in a statement dated June 9. The U.S. Securities and Exchange Commission this week sued Binance and Coinbase for allegedly breaching its rules. That was after Nigeria's central bank in 2021 banned banks and financial institutions from dealing in or facilitating transactions in digital currencies. Nigeria's young, tech-savvy population has eagerly adopted cryptocurrencies, for example using peer-to-peer trading offered by crypto exchanges to avoid the financial sector ban.
Persons: Binance, MacDonald Dzirutwe, Helen Popper Our Organizations: Binance, Securities and Exchange Commission, SEC, U.S . Securities, Exchange Commission, Thomson Locations: LAGOS, Binance Nigeria
“They helped me develop a sense of kinship,” Oluwamuyiwa said by phone, “and I became confident that photographing was a valid way to understand a city.” His interpretations of Lagos are gritty and fast paced, matching the environment in which he works, yet he manages to elucidate things that can only be apparent to someone looking closely. In such moments, as in “Boss and Assistant” where two men in a Danfo (the rundown yellow minibuses used for public transport) seem to be whispering to each other, or in “Hazy II,” where light pours from under the Third Mainland Bridge onto two figures standing in a canoe, the images transcend their sharp surfaces and acquire a misty luster; grittiness gives way to haziness, and the private anxieties of Lagos life become heightened. A quick history of Lagos: Indigenously peopled by the Awori, it was once a military outpost for the ancient Benin Kingdom, a slave trading port for the Portuguese, who named it after their own city, and eventually an entry point for British colonialism into Nigeria.
Persons: ” Oluwamuyiwa, Boss Locations: Lagos, haziness, Benin Kingdom, Nigeria
Nigerian parents pay school bills with recyclable waste
  + stars: | 2023-06-07 | by ( Kazeem Sanni | ) www.reuters.com   time to read: +2 min
[1/5] Fatimoh Adeosun, 48, a parent of a student of My Dream Stead, a low-cost school that accepts recyclable wastes as payment, sorts plastic waste for submission, in Ajegunle, Lagos, Nigeria May 19, 2023. My Dream Stead school, in the sprawling, impoverished Ajegunle neighbourhood where the Adeosuns live, is one of 40 low-cost schools in Nigeria's commercial capital that accept recyclable waste as payment. Tuition fees at My Dream Stead stand at $130 per year and the school is expanding into a second apartment block to accommodate its 120 pupils. Some mornings, Fatimoh and Fawas walk to the school together with bulging sacks of rubbish over their shoulders. The waste is weighed on school premises and its sales value added to Fawas' account.
Persons: Adeosun, Stead, Temilade Adelaja, Fawas Adeosun, Fatimoh, Alexander Akhigbe, Seun Sanni, Sofia Christensen, Matthew Lewis Organizations: REUTERS, Temilade, Fawas, Thomson Locations: Ajegunle, Lagos, Nigeria, Temilade Adelaja LAGOS, Nigerian, recyclables
ABUJA, Nigeria - May 29, 2023: Nigeria's President-elect Bola Ahmed Tinubu arrives to attend swearing-in ceremony at Eagle Square in the capital. Tinubu inherits a fractured society a crippled economy as he takes the reins of Africa's most populous nation. He succeeds Muhammadu Buhari, also of the All Progressives Congress (APC) party, who departs with a widely criticized economic record. Economic turmoilAs former governor of Lagos state between 1999 and 2007, Tinubu was credited with modernizing Nigeria's commercial hub and vastly expanding the regional economy. His predecessor Buhari deployed a series of protectionist economic policies and spooked international investors.
Persons: Bola Ahmed Tinubu, Tinubu, Muhammadu Buhari, Atiku Abubakar, Peter Obi of, Buhari Organizations: Nigeria's, Eagle, New, Progressives Congress, Peoples Democratic Party, Labour Party Locations: ABUJA, Nigeria, New Nigerian, Africa's, Lagos
The war in Ukraine exacerbated supply chain logjams and manufacturing issues that began with the COVID-19 pandemic. Managing foreign exchange costs is largely what is driving a pivot to African suppliers, Unilever said, even though sourcing from the continent can cost more than buying from parts of Asia. “Over 95% of the brands we sell to our (African) consumers are made in African factories,” Reginaldo Ecclissato, Unilever’s chief business operations and supply chain officer, told Reuters. Today more than two-thirds of the ingredients that go into Unilever products sold in African markets come from the continent, the company said. Where is it on the scale of Unilever’s supply chain?” he said.
Persons: Kasali, ” Kasali, , Knorr, Hellmann’s, Reginaldo, Tedd George, Nestle, , Pierre, André, Ecclissato, it’s, bouillon, Iranloye, Busari, Unilever’s Ecclissato Organizations: Reuters, Unilever, REUTERS, ” Unilever, Nestle, Danone, sorbitol Locations: ALAYIDE, Nigeria, Oyo, Africa, Ukraine, Asia, India, China, South Africa, Lagos, Oyo State
Buhari, a taciturn former military ruler, leaves Africa's biggest economy and most populous nation deeply divided. But what authorities promised would be the country's freest and fairest election yet ended in frustration for many. Buhari defends his record, saying new infrastructure such as roads, bridges and airports, and the protectionist policies have laid the foundations for future growth. Separatist and gang violence plague the southeast, and clashes between farmers and herders persist in hinterland states known as Nigeria's Middle Belt. A former Lagos state governor, Tinubu has promised to be a better steward of the economy.
SummarySummary Companies Tinubu succeeds former military leader BuhariNigeria divided after disputed electionAfrica's biggest economy faces headwindsInsecurity spread under BuhariABUJA, May 29 (Reuters) - Bola Tinubu was sworn in as Nigeria's president on Monday, facing mounting calls to improve economic and security conditions which many complain worsened under his predecessor Muhammadu Buhari. Tinubu, the former Lagos state governor and a member of Buhari's party, has promised to be a better steward of Africa's biggest economy and most populous nation. A raft of protectionist economic policies and foreign currency interventions have also spooked investors. Buhari defended his record on Sunday, saying new infrastructure such as roads, bridges and airports, and the protectionist policies have laid the foundations for future growth. Separatist and gang violence plague the southeast, and clashes between farmers and herders persist in hinterland states known as Nigeria's Middle Belt.
LAGOS, May 29 (Reuters) - Nigeria's new president Bola Tinubu faces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil theft. Tinubu says he will build on Buhari's public infrastructure programme to create jobs and remove legal limits on government spending. Tinubu says he will reduce corporate tax to attract investment and plug tax loopholes to boost revenue. Tinubu says he will set up a surveillance unit to protect the country's pipelines and attract new investors with tax incentives. Tinubu wants to recruit more soldiers and police officers, while paying and equipping them better.
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