The German Development Cooperation here in Abuja, Nigeria, has a field of action called Business Ideas for Development. Their main aim is to support Nigerian professionals in Germany who are interested in starting a business in Nigeria
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Do you have an idea, business or initiative worth spreading or an upscale? Here is a platform… StartUp Afrika is a program designed to support innovative startups through intercontinental exchange and network plus funding. Why StartUp Afrika? We believe that startups can play a key role to create a social andecologically transformed economy in Africa and Baden-Württemberg. 100,000 euros for …
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The Central Bank of Nigeria (CBN) has announced an extension of its ‘Naira 4 Dollar’ incentive to encourage diaspora remittances until further notice. Under the scheme, the Bank pays out a reward of N5 for every $1 of fund remitted to Nigeria through money transfer companies. The apex bank announced the extension on Wednesday (5 May) through a memo by …
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The Federal Government has extended the deadline for people to link their National Identification Numbers (NINs) to their Subscriber Identity Module (SIM) cards by one month. This was announced on Friday in a statement jointly signed by the Director of Public Affairs of the Nigerian Communications Commission (NCC), Dr Ikechukwu Adinde, and the Head of Corporate Communications at the National …
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Twenty-five ambassadors newly appointed by President Muhammadu Buhari on Friday (5 March) received their letters of credence. The Minister of Foreign Affairs, Geoffrey Onyeama who presented the letters to the diplomats cautioned them to be financially prudent in their countries of the mission. According to him, Nigeria’s resources are lean at the moment, hence the need for them to be …
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As part of its incentives to boost the inflow of foreign currency in the country, the Central Bank of Nigeria (CBN) on Saturday introduced a reward of N5 for every $1 of fund remitted to Nigeria through International Money Transfer Organisations in its new forex policy. The CBN announced the new policy in a circular to all deposit money banks, …
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International remittance service provider, WorldRemit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt. Country Manager, WorldRemit, Nigeria and Ghana, Gbenga Okejimi, stated that the move would enhance remittance payments for those who receive support from family and friends abroad. The …
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Monsooq is the first-of-its kind model which utilises time as the currency. Users pay only for the time they spend consuming content and are not required to take out any contracts or subscriptions
Read More »424 scholarship slots have been offered to Nigerian students to study various courses in Saudi universities, the kingdom of Saudi Arabia has said. In a statement on Monday from the Saudi embassy in Abuja, 150 slots are also given to students from the Republic of Benin annually. It said the slots are part of the 6,597 scholarship the kingdom distributes …
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As security forces were deployed to patrol Nigeria’s major cities after days of unrest following the shooting of protesters, calm is being restored across the country. President Muhammadu Buhari had warned demonstrators in a televised address on Thursday not to “undermine national security” as he called for an end to widespread protests gripping Africa’s most populous country. The 78-year-old leader, …
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Chief (Dr) Uche Iro, a Germany-based entrepreneur, established The Strivad Foundation (TSF), a global non-governmental, non-political and non-profit charitable organisation, to channel his efforts towards the development of his home country, Nigeria. A successful businessman, Dr Iro’s companies include PhysioCenter-Stuttgart GbR (Germany), FitGym Healthcare Services GmbH (Germany), Strivad Ventures Limited (Germany/Nigeria), Iro Investment Group International Inc. (Nigeria/ Europe/ USA/United Arab …
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"All across Africa we’re seeing immense talent in the tech ecosystem, and I’m proud that with the upcoming opening of our new office, we’ll be building products for the future of Africa, and the rest of the world, with Africans at the helm. We look forward to contributing further to the African tech ecosystem.”
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Nigeria has criticised what it calls the “incessant harassment of its citizens in Ghana and the progressive acts of hostility towards the country by Ghanaian authorities”. “The Nigerian Government is deeply concerned by the incessant harassment of its citizens in Ghana and the progressive acts of hostility towards the country by Ghanaian authorities, and will no longer tolerate such,” Nigeria’s …
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Kaspersky analysis has revealed that phishing attacks are becoming increasingly more targeted. A number of new tricks have also been found - from HR dismissal emails to attacks disguised as delivery notifications.
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Nigeria will resume international flight operations on August 29, the Federal Government has announced. The Minister of Aviation, Hadi Sirika, made the announcement on Monday in Abuja at the briefing of the Presidential Task Force on COVID-19. He explained that the process for the resumption of international flights in the country would be similar to that of the domestic flight …
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In a move that promises to make sending and receiving cash easier, Ecobank has introduced cardless Automated Teller Machines (ATMs). The bank’s Xpress Cash enables users to withdraw cash from ATMs using only a mobile phone. “The solution is seamless, secure and is driven by the use of a code (e-token) by an account holder via the bank’s USSD code …
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The South African-based supermarket chain Shoprite has announced its plan to exit Nigeria while reporting its business report on Monday (3 August) in Johannesburg. Shoprite said the decision was made after “approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria.” The company, Africa’s largest supermarket chain, said its business in Nigeria …
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The head of Nigeria’s agency responsible for the development of drugs and vaccines has described the much-touted herbal tea from Madagascar, COVID-Organics, as not effective in the treatment of the coronavirus infection. Speaking in an interview with the Nigerian daily newspaper Vanguard, Dr Peter Adigwe, said analysis carried out by his organisation, the National Institute for Pharmaceutical Research and Development …
Read More »The Nigerian government has officially reacted to the Trump administration’s decision to add the country to the latest list of nations to face stringent travel restrictions to the United States. In a press statement signed by presidential spokesman, Femi Adesina, the Nigerian government clarified that the measure “is the suspension of the issuance of immigrant visas to Nigerian passport holders …
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In a bid to ameliorate poverty in the country, Aliko Dangote, Africa’s richest man, has unveiled plans to empower 106,000 Nigerian women with N1.1 billion worth of micro-grant programme. The philanthropist is set to achieve this through his Aliko Dangote Foundation (ADF) before the end of 2019. Premium Times, a Nigerian online newspaper reports on Monday that the Aliko Dangote …
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THE AFRICAN COURIER. Reporting Africa and its Diaspora! The African Courier is an international magazine published in Germany to report on Africa and the Diaspora African experience. The first issue of the bimonthly magazine appeared on the newsstands on 15 February 1998. The African Courier is a communication forum for European-African political, economic and cultural exchanges, and a voice for Africa in Europe.