Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Foreign debt payment to gulp $11.62bn in 10 years – DMO
Everest Amaefule, Abuja Nigeria may have to grapple with the payment of $11.62bn in foreign debt in the next 10 years, a projection of the Debt Management Office has shown. The debt service payment over the 10-year period, 2017 to 2026, includes some principals that will fall due for redemption ...
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Coca-Cola Nigeria to spend $600m on new products
Coca-Cola Company’s Nigerian operation will invest $600m by 2020 to boost sales, in line with a global strategy to extend the product range beyond its soft drinks. The unit of the Atlanta-based beverage maker plans to expand its offering of drinks to include flavoured and condensed milk, iced tea and ...
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Cameroon’s military forcing Nigerian refugees to return home, says HRW
Source: Human Rights Watch Country: Cameroon, NigeriaSince early 2015, the Cameroonian authorities have summarily deported at least 100,000 Nigerians living in remote border areas back to war, displacement, and destitution in Nigeria’s Borno State. After almost 50 years of taking in hundreds of thousands of refugees from various neighboring states, Cameroon is ...
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As Bello govt continues to owe, Kogi workers beg Buhari, Diasporan indigenes for food, medications
Workers in Kogi have appealed to President Muhammadu Buhari to rescue them from their current hardship resulting from non-payment of their salaries, by sending them food, drugs and other materials. The workers made the appeal on Wednesday in Lokoja in a statement jointly issued by the state chapters of the ...
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Nigeria to exit 90 of over 310 international organisations it belongs to –Adeosun
The Federal Government says it will trim down Nigeria’s membership of over 310 international organisations and associated financial obligations to save the nation from possible financial embarrassment. The Minister of Finance, Mrs. Kemi Adeosun, made this known when she addressed State House correspondents on the outcome of the Federal Executive ...
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Nigeria to reduce membership of international organizations
The Federal Executive Council (FEC) on Wednesday gave a presidential committee two weeks to conclude arrangements towards scaling down Nigeria’s membership of international organizations. Briefing State House correspondents at the end of the FEC meeting presided over by President Muhammadu Buhari, the Minister of Finance, Kemi Adeosun, said the FEC ...
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Court remands man for alleged possession of cocaine
The Federal High Court, Abuja, on Wednesday ordered the remand of a 32-year-old man, Ya’kau Audu, for alleged illegal possession of 2.7 grammes of cocaine. Audu, who was arraigned by the National Drug Law Enforcement Agency ( NDLEA ), is standing trial on a count charge, bordering on unlawful possession ...
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Nigeria: Investment in Nigeria's Telecom Sector Hits N21.4trn
[Leadership] Investments inflows into Nigeria's telecommunications sector soared to N21.4 trillion ($70 billion) in 2017, up from the $68 billion it was last year.
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Nigeria: Business Mogul Dangote Says Kidnappers Scaring Investors Away
[Vanguard] The Chairman of Dangote Group, Alhaji Aliko Dangote, has raised the alarm that the activities kidnappers was scaring away investors from the country, which has crippling effects particularly on the agricultural sector.
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Buhari to sign new executive orders
Eniola Akinkuotu, Abuja The Federal Government will on October 2 inaugurate a new 60-day action plan that will run till November 3 that will focus on the reforms that all its Ministries, Department, and Agencies will be working on. The initiatives cover areas such as starting a business, construction permits, ...
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Ex-Afren bosses to face charges over $400m Nigeria deals
’Femi Asu The United Kingdom’s Serious Fraud Office has said it will charge two former executives of collapsed oil company, Afren Plc, with alleged fraud over payments they received through secret companies relating to over $400m business deals in Nigeria. Afren, an oil and gas exploration and production company once ...
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Senate alleges poor budget implementation, summons Adeosun, Udoma
Leke Baiyewu, Abuja The Senate has invited the Minister of Finance, Mrs. Kemi Adeosun, and Minister of Budget and National Planning, Senator Udo Udoma, to brief it on the implementation of the 2017 Appropriation Act. The upper chamber of the National Assembly, at the plenary on Tuesday, scored the Executive ...
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Exit from recession still fragile, says CBN
Ifeanyi Onuba, Abuja The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the 0.55 per cent Gross Domestic Product growth rate, which took the economy out of recession, was still fragile. The Governor, CBN, Mr. Godwin Emefiele, said this when he read the decision of the ...
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Govt begins 60-day action plan on ease of doing business
The Federal Government will on October 2 begin another 60 days action plan on the ease of doing business in the country. Minister of Industry, Trade and Investment Okechukwu Enelamah, stated this at the end pf an expanded Presidential Enabling Business Environment Council (PEBEC) meeting at the Presidential Villa in ...
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Forex: Playing by the rules
The improvement in the supply of foreign exchange to the domestic economy demands that banks and other stakeholders comply with set rules. The improvement in inflation figures, even though pundits believe that the September figure will rise, and the Investors’ & Exporters’ (I&E) FX Window turnover of $11.3 billion, are ...
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BREAKING: Senate in closed-door session as N’Assembly resumes
Leke Baiyewu, Abuja Business and commercial activities returned to their peak as the National Assembly resumed from its two-month annual recess Tuesday. Members of the Senate are currently in a closed-door session, which started at about 11am. Details later… Read also: [BREAKING] Recall: INEC officials storm NASS with documents to notify ...
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Heroin trafficker sentenced to death in Vietnam
The Hanoi People’s Court on Tuesday sentenced a 30-year-old man to death for trafficking over 230.5kg of heroin and illegally possessing military weapons. The court handed down the death sentence on Bui Van Bien, who was arrested in May after months of fleeing. In April, the court passed eight death ...
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Nigeria expresses commitment to achieving SDGs
Ms Adejoke Orelope-Adefulire, Senior Special Assistant to the President on SDGs, says Nigeria is steadfastly committed to the attainment of the Sustainable Development Goals ( SDGs ). Orelope-Adefulire stated this at Nigeria’s side event at the 72nd Session of the UN General Assembly tagged: ‘Localising SDGs Through Partnership Innovation and ...
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As Nigeria launches police duty solicitor scheme
Chidi Anselm Odinkalu Thursday, September 21, 2017 marked a significant milestone in the effort to address the crisis of irrational and interminable pretrial detention in Nigeria. Force Order 20, which was launched that day, institutionalised the Police Duty Solicitor Scheme in the Nigeria Police Force. It is the result of ...
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Day photographers discussed new deals for the trade
At a photography conference sponsored by Zenith Bank, tagged theyouthwanttoknow, experts envision new heights for the industry, AKEEM LASISI writes Two Nigerian photographers, Busayo Okosi and Oritse Emore, recently rallied many photographers and enthusiasts to Terra Kulture, Lagos, where a conference organised by the duo was held. With experts not ...
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FG gazettes IPOB ban, to write banks, embassies, foreign missions
Ade Adesomoju, Abuja The Federal Government has gazetted the order of the Federal High Court in Abuja which proscribed the Indigenous People of Biafra and designated the group as a terrorist organisation. The gazetting was part of the requirements imposed on the Federal Government by the court to finalise the ...