₦airaland Forum

Oil producers are evacuating workers from the Niger Delta because of the deteriorating security situation in Nigeria’s most-important oil producing region, a union official said.

“Our members have been evacuated from Chevron facilities, Shell facilities and from some independent oil companies and it’s very unfortunate,” Chika Onuegbu, the Rivers State chairman of the Trade Union Congress of Nigeria, said by phone from Port Harcourt, the region’s largest city........
Click the link below to continue reading: http://thenerveafrica.com/6016/nigeria-oil-union-says-shell-chevron-workers-evacuated/

Tony Elumelu, Chairman of Heirs Holdings, the United Bank for Africa and Founder of The Tony Elumelu Foundation has called on African governments and donors to treat the agricultural sector in Africa as a commercially viable sector with a potential to create millions of jobs and dollars in revenue......... Read more below

http://thenerveafrica.com/5736/agriculture-commercially-viable-lets-treat-tony-elumelu/

Theresa Nkechi Obi-ekezie of Nnamdi Azikiwe University among three young African scientists chosen by African Union Commission to participate in the 66th Lindau Nobel laureate meeting in Germany...
Click the link below to read more.....

http://thenerveafrica.com/5638/three-young-african-scientists-selected-participate-lindau-nobel-laureate-meeting-germany/

If it's not a currency swap, then what is it? the minister of foreign affairs Geoffrey Onyeama explained in details:

http://thenerveafrica.com/5563/nigeria-says-the-currency-deal-between-its-central-bank-and-chinas-icbc-is-not-a-swap-but-what-is-it/

World Economic Forum is bridging the gender gap in Africa by searching for only Africa’s brightest female innovators. The Forum aims to bring them to its annual World Economic Forum on Africa meeting, which takes place this year on 11-13 May in Kigali, Rwanda.......

Read More to get the details

http://thenerveafrica.com/5523/world-economic-forum-wants-showcase-african-female-innovators-pitch/

You can now block unauthorized access to your chats on Viber.......click to read more

http://thenerveafrica.com/5503/viber-launches-full-end-end-encryption-hidden-chats/

When we reported the collaboration between American sportswear company Nike and Nigerian artist Laolu Senbanjo, the world was in awe of his artistic genius and what he has achieved using everything as his canvass. Weeks later he was in Equinox’s #CommitToSomething campaign and later he was making sneakers for basketball stars and famous singers. Beyoncé would not let everyone work with such talent without having a fair bite. More so, he likes painting on her girls..........
Read More

http://thenerveafrica.com/5449/everyone-wants-piece-nigerian-even-queen-bey/

After gorging itself for decades on petrodollars, the Nigerian state has been forced by tumbling oil prices to turn to a new source of cash: the taxman.........

http://thenerveafrica.com/5431/buhari-turns-taxman-nigeria-gets-weaned-crude/

After gorging itself for decades on petrodollars, the Nigerian state has been forced by tumbling oil prices to turn to a new source of cash: the taxman.........

http://thenerveafrica.com/5431/buhari-turns-taxman-nigeria-gets-weaned-crude/

MTN Group Ltd. Executive Chairman Phuthuma Nhleko, who returned to lead the African wireless company’s negotiations over a record $3.9 billion fine in Nigeria, is moving forward with plans to step down next month, according to a person familiar with the matter, a sign he’s confident a resolution will be reached by then.

Nhleko won’t return to a non-executive role before he comes to an agreement with the Nigerian Attorney General, said the person, who asked not to be identified because the plans are private. The chairman took the executive position on a six-month basis in November in order to “proactively deal” with the Nigerian authorities after Chief Executive Officer Sifiso Dabengwa resigned, Nhleko said at the time.....

Read on: http://thenerveafrica.com/5313/mtns-top-executive-said-plan-exit-amid-nigeria-fine-optimism/

German newspaper Süddeutsche Zeitung (SZ) has released the Panama Papers, the biggest leak in the history of data journalism, publishing online 11.5 million documents equaling 2.6 terabytes, from Panamanian law firm Mossack Fonseca, which showed how hundreds of thousands of people, including world leaders, celebrities, athletes, FIFA officials and criminals hid money using anonymous shell corporations across the world.

The Panamanian law firm, regarded as one of the world’s most secretive companies, according to the documents, has helped clients launder money, dodge sanctions and evade tax........

http://thenerveafrica.com/5042/sons-wives-and-associates-here-are-16-african-names-we-found-on-the-panama-papers/

Companies drawn to Nigeria by the prospect of a population bigger than Germany and Turkey’s combined are retreating; those staying have publicly criticized the president, a military strongman in the 1980s who came back to power via an election last year; and foreign investors are pulling their money out.....

Read on

http://thenerveafrica.com/4942/nigerias-promise-turns-peril-investors-head-exits/

The United States said it would advise Nigeria in talks this week to adopt a more flexible foreign exchange rate in order to boost growth and investment in the country.

The Central Bank of Nigeria (CBN), backed by President Muhammadu Buhari had insisted on keeping the naira pegged at 197 – 199 to a dollar despite growing calls for devaluation.......

http://thenerveafrica.com/4902/united-states-nudge-nigeria-currency-devaluation/

you can check this link to get the details of how to apply....

http://thenerveafrica.com/4888/young-nigerian-entrepreneurs-students-benefit-2-5m-grant/

Abuja, the capital city of Nigeria, Africa’s largest economy today becomes the 400th city in Uber’s growing global network, joining other smart transportation hubs in Africa where Uber has recorded huge success..........

http://thenerveafrica.com/4788/uber-launches-nigerias-capital-city/

When AlikoDangote, Nigeria’s billionaire industrialist, revealed his plan to buy potash and phosphate from Congo Brazzaville and Morocco respectively, he was painting the grim reality in the Nigerian mining sector. Both minerals, which would serve as raw materials for his planned fertilizer plant, are available in commercial quantities in Nigeria, particularly in the northern part of the country but they are left unexploited...........................

http://thenerveafrica.com/4612/left-in-the-dark-a-grim-picture-of-nigerias-solid-minerals-and-mining-industry/

For Nigerian visual artist and musician Laolu Sebanjo, all he wanted as a kid was happiness and growing up to become someone relevant to the society. While he thought he would grow up to draw comics for Marvel and DC, he ended up at Nike. The American sportswear company has selected him as a Master of Air which will see him create art-inspired Air Max at the Air Max Con 2016.............

http://thenerveafrica.com/4655/nike-hires-nigerian-artist-create-air-max-inspired-art-new-york/

First it was cement, then agriculture. Now, Africa’s wealthiest man Aliko Dangote is entering the auto manufacturing industry with an eye on a majority stake in Peugeot Automobile Nigeria (PAN) Limited. According to the governor of Kaduna State Nasir El-Rufai, the industrialist had teamed up with the states of Kaduna and Kebbi, along with development lender Bank of Industry (BoI) to submit bids for the stake which Nigeria’s “bad bank” AMCON is looking to sell. Bids closed in January.

“We have submitted bids for the carmaker … with Aliko Dangote on board together with BoI, Kebbi and Kaduna State, we are confident our bid will sail through,” Reuters quoted El-Rufai to have told a conference without providing details.................

http://thenerveafrica.com/4627/dangote-seeks-majority-stake-peugeot-nigeria/

Nigeria’s economy grew in 4Q at the slowest annual pace since at least 2010, and oil production was the biggest drag. GDP growth could be weaker still or even negative in the first half of 2016 because of the reduction in oil production after recent attacks from militants. With other parts of the economy already struggling, the full-year expansion might be the slowest in decades. A devaluation of the naira would add to risks for growth this year but boost the medium-term economic outlook.

Nigeria’s real GDP growth slowed to 2.1 percent year over year in 4Q from 2.84 percent in 3Q, the worst quarterly reading since at least 1Q10. The deterioration was largely due to an 8.3 percent year-over-year contraction in oil-sector output, which the statistics office attributed to the decline in oil prices, while growth in the non-oil sector was 3.14 percent, marginally stronger than the 3.05 percent reading in 3Q.........

http://thenerveafrica.com/4620/nigerias-economy-may-come-standstill-oil-attacks/

Nigeria’s inflation rose to a three-year high of 11.4 percent in February, up from 9.6 percent in January, as food prices soared and import costs remained high as the central bank continued its capital controls.

“After increasing at the same pace for two months, the pace of increases of food prices as recorded by the food sub-index increased at faster pace in February,” the National Bureau of Statistics (NBS) said in a report published on Tuesday.

The central bank has held the naira at 197-199 against the dollar since March last year through trading and import restrictions but instead of stemming inflation, prices have soared, with dollar shortages making imports costlier. The currency has also lost more value, as the naira has fallen to around 325 of the black market.................................


http://thenerveafrica.com/4577/nigerias-inflation-rises-11-4-highest-rate-3yrs/

Yeaah very innovative.... i saw the article on The Nerve Africa's website and i was amazed... just thought lemme share it

wadetaw202:
But I must confess, the idea of that school is innovative.

something u dont know..... maybe u should check the pictures in the article or u visit Makoko in Lagos to confirm ur doubt

spotlessduke:
fake news

Lol..........what's buahri's own with the school now?

In Makoko, a sprawling slum of Nigeria’s megacity Lagos, a floating school capable of holding up to a hundred pupils has since November brought free education to the waterways known as the Venice of Lagos. It offers the chance of social mobility for youngsters who, like most of the city’s 21 million inhabitants, lack a reliable electricity and water supply and whose water-based way of life is threatened by climate change as well as rapid urbanization.

Akintunde Akinleye takes us on a photo tour of the floating school......................


http://thenerveafrica.com/4474/inside-the-floating-school-built-in-nigerias-lagoon-slum/

Gregg Alton has what seems like a disorienting job at Gilead Sciences Inc. He’s paid to figure out how to sell the drug Sovaldi, which infamously retails in the U.S. at $1,000 a pill, for relatively next to nothing.

The instructions for pricing the cure, which wipes out hepatitis C in just 12 weeks, basically go like this: “Get to as many patients as possible in low-income nations –and not lose money,” Alton says. “It’s very simple.”........ Read on

http://thenerveafrica.com/4174/his-job-is-to-sell-a-1000-pill-for-10-without-losing-money/

yeah, the article was posted yday...i just thought i shoud share it

peacengine:
It is N350 now.

As at 11:40 GMT, a dollar sold for 347 naira on the parallel market in Nigeria. The currency of Africa’s largest economy keeps losing value as the central bank remains adamant, rejection calls for devaluation despite obvious reasons to do so.

All economic principles support the devaluation of the naira as things stand, but political principles differ. With Nigeria’s central bank not under the full control of the institution’s governor as recent history suggests, the only way to stop the naira’s value from eroding is to let President Muhammadu Buhari know that the average Nigerian he claimed to be protecting by not allowing devaluation is actually suffering.

http://thenerveafrica.com/3809/we-hope-the-president-knows-hes-hurting-us/

Beware of these fraudsters they can use anything to scam innocent people...

When Nigeria’s President Muhammad Buhari spoke about Nigeria’s image problems recently, he was only stating the obvious. However, he was quoted out of context and was highly criticized by his people but it didn’t take long before an email believed to have originated from Nigeria reinforced the president’s position.

A man who addressed himself as the Astronautics Project Manager of the National Space Research and Development Agency (NASRDA) is asking for $3 million to rescue a Nigerian astronaut who happens to be his cousin and was left behind in space by some Russians....

Click the link http://thenerveafrica.com/3771/nigerian-fraudster-pulls-a-3m-matt-damon-inspired-email-scam/ to read more and to see the mail