by Cynthia   on Fri, May 11, 2012 
online nigeria| weekly round up by May 11

We skip the Nigerian political scene & gossip. We go straight to finding opportunities, innovative , informative , and good to know articles that matter to Nigerians in Diaspora happening each week around the internet. Weekly Roundup | The best of Nigeria Online (Friday May 11)


Investments in Nigeria:

  • CTF offers Nigeria $285m funding for electricity, mass transportation: Nigeria is to receive a 285 million dollars assistance from the Clean Technology Fund    (CTF), a global funding agency, to support electricity supply and urban mass transportation.
  • NEXIM Eyes U.S.$30 Billion Indian Trade Prospects : In the face of growing uncertainties in the global oil prospects and the need for diversification of the country's economy from oil, the Nigeria Export Import Bank (NEXIM), the federal government's trade finance institution, has been pursuing its Manufacturing, Agriculture, Solid Minerals and Services (MASS) agenda to attract funding to these areas.
  • USAID launches $224m HIV/AIDS, TB service scheme: As part of measures to reduce the HIV/AIDS and tuberculosis prevalence rate in Nigeria, the United States Agency for International Development, USAID, yesterday, launched a five-year strengthening integrated delivery of HIV/AIDS services project with an estimated budget of $224,000,000.
  • 200 foreign firms for 2nd Nigeria Investment forum: About 200 foreign companies and 100 local business outfits are expected to send representatives to Abuja next month for the 2nd Nigeria International Investment Forum being organised by the Nigeria Investment Promotion Commission (NIPC) in conjunction with Commonwealth Business Council (CBC) and Image Affairs Nigeria Ltd.
  • First Bank invests N500bn in Nigeria’s oil, gas projects: First Bank of Nigeria Plc said it has committed about N500 billion to financing oil and gas projects in Nigeria, to enhance local capacity and competitiveness, its Executive Director for Corporate Banking, Mr. Kehinde Lawanson, has said.

Opportunities for Nigerians or Africans:

Nigerian Real-estate News:

  • Experts Proposed Indigenous Technology to Housing Needs: Stakeholders in the country’s built environment have urged government and developers to explore the use of local housing technologies in bridging the seventeen million housing deficit currently experienced in the country.
  • Lagos to collaborate with investors on mass housing delivery:Following continuous influx of people into Lagos and the need to provide shelter for the people of the state, the state government at the weekend emphasized that it is determined to collaborate and work with genuine investors within and beyond the state to ensure delivery of mass housing to residents.
  • Pison to Hold 8th International Housing Finance Workshop:Pison Housing Company, a leading real estate and financial advisory services firm based in the country has announced plans to host the 8th edition of the International Housing Finance Workshop between June 14 – 15.
  • Why FCTA provided new ‘land for infrastructure’ model: The FCT Administration is set to organise a ground-breaking ceremony for its newly introduced land swap system, a public-private partnership agreement with private estate developers aimed at opening up new districts in the city at little or no cost to the administration. 


General Nigerian and African news:

  • Shocking: Baby Born With Quran in Lagos: A big controversy is raging in Lagos following the birth of a baby boy said to be clutching a miniature Holy Quran at birth. The baby was born at a white garment church in Mushin, Lagos State, Southwest Nigeria.
  • Gay' man's deportation from UK to Cameroon halted: The deportation of a man to Cameroon has been temporarily halted after he refused to board a flight from London to Paris, the BBC has been told.
  • Reforming Nigeria: Back to the day job: “WE HAVE made history,” said Nigeria’s finance minister, Ngozi Okonjo-Iweala, after her abortive but widely backed quest this month for the top job at the World Bank.

Innovations in Africa or Nigeria:

Entrepreneurship Nigeria/Africa

  • Making a fortune by distributing Nigerian films online: Jason Njoku studied chemistry at university and would probably be working as a scientist had he not thought of a magic formula that he has translated into a huge success: Nigerian films plus online distribution equals big money.
  • Mobile money in Africa: Press 1 for modernity: MANY people know that “mobile money”—financial transactions on mobile phones—has taken off in Africa. How far it has gone, though, still comes as a bit of a shock. 

Good Deed Nigeria/Africa


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