Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Coronavirus: FG, Govs To Set Up Isolation Centers In Every State
The federal government and state governors will partner to set up functional test and isolation centres in every state in the country to curb the spread of the deadly coronavirus. This was disclosed by the chairman of the Nigeria Governors Forum( NGF) , Kayode Fayemi after the meeting of the ...
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NDIC Pays Depositors Of 18 Failed Banks
The Nigeria Deposit Insurance Company (NDIC) has completed the payment of depositors of 18 failed banks. The commission, which disclosed this yesterday, said that the monies were trapped in the affected banks. NDIC explained that the payments included both insured and uninsured monies. Its managing director/chief executive officer, Alhaji Umaru ...
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Credit Bureaux Responsible for Decline In NPL, Boosts Lending
The managing director/chief executive officer, CRC Credit Bureau, Mr. ‘Tunde Popoola, has said the operation of the credit bureaus and credit rating agencies played a significant role in bringing down the level of non-performing loans in Nigeria. Speaking at the Bimonthly Forum of Finance Correspondents Association of Nigeria (FICAN), Popoola ...
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GM e Mercedes-Benz concedem férias coletivas
A General Motors (GM) decidiu hoje (18) conceder férias coletivas aos seus empregados no Brasil, a partir de 30 de março. Segundo a montadora, a medida ocorreu em razão da necessidade de um ajuste de produção. “Com o objetivo de ajustar a produção à demanda do mercado, a GM concederá férias ...
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Coronavirus: CBN To Increase Interventions By N1.1trn To Boost Economy
The Central Bank of Nigeria (CBN) says it has concluded plans to increase some interventions by N1.1 trillion owing to the continuing impact of the coronavirus on global supply chains. This is contain in a statement signed by the CBN Governor, Mr Godwin Emefiele in Abuja on Wednesday. Emefiele explained ...
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Firms Partner To Tackle Spread Of Infectious Diseases
Telehealth initiative on Wednesday said it has gone into partnership with Globacom Nigeria and Dial-A-Doc-Direct leveraging on the telecommunication to prevent the spread of the novel coronavirus, also known as COVID 19, which has claimed thousands of lives globally. A statement issued on behalf of Dial-A-Doc-Direct by Dr Omas Ubiame, noted that ...
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Buhari’s Strides In Ensuring Africa‘s Food Security
President Muhammadu Buhari’s grand declaration of diversifying Nigeria’s economy by financing agriculture is gradually coming to reality. Since his the election in 2015, he didn’t hide his desire to diversify the Nigeria’s mono-economy, by engaging in agricultural financing and resuscitation of solid minerals sector. To actualise President Buhari’s resolve to ...
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COVID-19 And Economic Diversification
He came into office in 2014 when commodity prices globally collapsed. International prices of crude oil, Nigeria’s economic mainstay, crashed to $27per barrel. Other global exogenous factors had exposed how weak the economy was. The Gross Domestic Product (GDP) had declined and unemployment rate flying at the speed of a ...
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Generator Ban Will Kill Business Operations, Says NECA
The Nigeria Employers’ Consultative Association (NECA) has kicked against the proposed bill to criminalise the importa-tion, selling and usage of generators by Nigerians. NECA argued that the Bill, if passed into law, would kill small and medium-sized businesses as almost all of them use generators in their business operations. The ...
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Nigeria: Foreign Direct Investment - Govt Scores High Marks
[Vanguard] Nigerians may not notice, but, some agencies of the Federal Government of Nigeria, are stealthily re-writing the essence of doing business, as practised globally. Often times, government policies have forced international investors to leave the Nigerian shores, but the example recently shown by Ms. Hadiza B. Usman, Managing Director ...
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Nigeria: Group Plans Three-Day Summit to Woo European Investors to Nigeria
[Vanguard] All is now set for the Nigerian-Eastern Europe Business Summit and EXPO (NEEBSE- Skopje 2020), an event conceived to galvanise mutually beneficial trade and investment ties between Nigeria and the Balkan States.
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Nigerian Women Own 41% Of Micro-businesses
A report released by the PricewaterhouseCoopers (PwC) has shown that women in Nigeria accounted for 41 per cent ownership of micro businesses in the country. The report, which assessed the ‘Impact of Women on Nigeria’s economy’, showed that the percentage rate represents 23 million female entrepreneurs operating within the segment. ...
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Osinbajo, Ahmed Harp On Vibrant Commodities Market For Jobs Creation
Vice-president Yemi Osinbajo has stated that a vibrant commodities market will create jobs and reduce poverty in Nigeria. Prof Osinbajo spoke at the beginning of a 2-day International Conference on the Nigerian Commodities Market (ICNCM 2020), with the theme: Commodities Trading Ecosystem: “Key to diversifying Nigeria’s economy” organised by the ...
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FG Issues N968bn Promissory Notes In 15 Months
The federal government of Nigeria (FGN) between December 2018 and February 2020 has issued Promissory Notes worth N968.09 billion with N190.37 billion of the notes due to mature before the end of this year. According to data released by the Debt Management Office yesterday, the creditory category of the Promissory ...
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Gridlock: LASG Gives 6 Weeks’ Ultimatum To Rickety Vehicle Owners
The Lagos State government, through the Vehicle Inspection Service (VIS), recently organised a stakeholder’s meeting to sensitise articulated trucks and other heavy duty vehicle owners on the need to ensure that their vehicles are in good condition before putting them on roads. The participants resolved to give all vehicle owners ...
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Covid-19: medidas de socorro ao setor aéreo saem nos próximos dias
Afetado pelos cancelamentos de viagens decorrentes novo coronavírus, o setor aéreo receberá medidas de socorro nos próximos dias, informou, há pouco, o secretário especial de Produtividade, Emprego e Competitividade do Ministério da Economia, Carlos da Costa. Segundo Costa, reuniões ainda estão sendo feitas com diversos setores para avaliar o impacto da ...
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UPDATE: Over 50 Houses Destroyed In Lagos Explosion – NEMA
The National Emergency Management Agency (NEMA) says over 50 buildings were destroyed in the explosion that rocked Abule Ado, near the Trade Fair Complex on the Lagos-Badagry highway. Mr Ibrahim Farinloye, Acting Coordinator of the Lagos Territorial Office of NEMA, confirmed the development in an interview with the News Agency of ...
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Lagos Explosion Not Caused By Oil Pipeline Vandalism — NEMA
The National Emergency Management Agency (NEMA) says Sunday’s explosion which occurred at Abule Ado, Trade Fair axis of Lagos State was not caused by a disruption of the Nigerian National Petroleum Corporation (NNPC) oil pipeline. Mr Ibrahim Farinloye, Acting Coordinator, Lagos Territorial Office, NEMA, made the clarification in an interview ...
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CBN Measures Support Growth
I welcome all of you to this second consultative “Going for Growth” Roundtable Session. In June 2019, the CBN participated in the first roundtable session where I had the opportunity to share my thoughts on the economy, as well as receive inputs from key private sector stakeholders in Lagos, on ...
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CODE, Christian Aid Launch Nationwide Youth Devt Fund
A Non- Governmental Organization (NGO), Connected Development (CODE) in partnership with YouthHub Africa with support from Christain Aid has launched a nationwide Youth Challenge Fund to provide young people with deliver innovative solutions to identified challenges within their communities. Speaking during the launch in Abuja, the Christian Aid Nigeria’s Country ...
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FCMB, French Dev. Agency Provide N4bn Loan for Nigeran MSMEs
… Partnership to Support 245 MSMEs, 440 Jobs First City Monument Bank (FCMB) in collaboration with the French Development Agency (AFD) has signed a deal that supports FCMB provision of N4bn worth of loan to Nigeria’s Medium and Small Scale Enterprises (MSMEs). The agreement was made possible by both parties ...