Nigeria’s central bank has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves and prevent the currency from weakening, traders said on Thursday.
At least 30 people have been killed in Nigeria’s northeastern Borno region after suspected Boko Haram Islamists set ablaze several trucks carrying passengers, eyewitnesses and residents told Reuters.
Nigeria has begun working on the security and information sharing requirements for the lifting of a US travel ban on prospective immigrants from the African nation, Nigerian Foreign Minister Geoffrey Onyeama said on Tuesday.
The Nigerian government has created a committee to address the issues that led to a suspension of US Immigrant visas to its citizens, the president’s office said on Saturday.
US President Donald Trump issued an expanded version of his travel ban on Friday that targets prospective immigrants from Nigeria and five other countries, a move that could affect thousands of people and reignite debate on whether the policy is discriminatory.
Nigeria had no warning from Washington that it could be added to the list of countries subject to a US travel ban, information minister Lai Mohammed said on Monday, adding such a move would be “hasty” and send the wrong signal to investors.
The men in naval uniforms charged into the Nigerian waterfront village of Okun Glass in the morning, chased out the residents, then called in the bulldozers.
The Trump administration is planning to add seven countries – Belarus, Eritrea, Kyrgyzstan, Myanmar, Nigeria, Sudan and Tanzania – to its travel ban list, US media reports said on Tuesday.
Nigeria’s financial crimes watchdog charged a former attorney general suspected of taking bribes to facilitate a $1.3 billion oil block sale, the agency said on Tuesday, in the latest twist in one of the industry’s biggest alleged corruption scandals.
About 20 soldiers were killed and nearly 1 000 people made homeless in a militant attack on a town in northeastern Nigeria, two residents and a military source said on Wednesday.