Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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FirstBank raises int’l card payments to $1,100
First Bank of Nigeria Limited has raised monthly limits on international transactions on Naira Cards to $1,100 across Automated Teller Machines (ATM), Point of Sale (PoS), and online channels, with the daily ATM withdrawals raised to $300. The gesture, the lender said, was in line with its drive to promote ...
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UN Tasks Nigeria On Investment In Women, Peace
By Jonathan Nda-Isaiah, Abuja The United Nations (UN) has called on the federal government to double it’s investment on the development of women on promotion of peace in the country. Deputy secretary general of the UN, Amina Mohammed made the call yesterday when she met with Acting President Yemi Osinbajo ...
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Children pay high price as famine looms across Somalia, South Sudan, Nigeria and Yemen
Source: UN Children's Fund Country: Nigeria, Somalia, South Sudan, YemenAs humanitarians reach at least 10 million people each month in the 4 countries, UNICEF calls for further international efforts to save nearly 1.4 million children at imminent risk of death.WASHINGTON D.C., 18 July 2017 – This is a summary of a ...
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CBN’s forex market intervention improving business climate —Adenuga
The continued intervention of the Central Bank of Nigeria in the nation’s foreign exchange market is gradually enhancing the country’s business climate, the Managing Director, Premier Standard Industrial Limited, Mr. Gbolahan Adenuga, has said. Adenuga noted that the greatest challenge that faced the business environment last year and the earlier ...
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NHIS boss’ suspension: Health minister to appear before Reps July 27
John Ameh, Abuja The Minister of Health, Prof. Isaac Adewole, has been scheduled to appear before the House of Representatives on July 27 over his decision to suspend the Executive Secretary of the National Health Insurance Scheme, Prof. Yusuf Usman. Adewole had announced the suspension of Usman on July 8 ...
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Workers’ strike paralyses business activities at CAC
Ifeanyi Onuba, Abuja Business activities were on Tuesday paralysed at the headquarters of the Corporate Affairs Commission following an industrial action embarked upon by members of staff of the agency. The industrial action led to the closure of the CAC premises in Abuja, thus preventing members of staff as well ...
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New Paris Club refund: What each state recieved
The federal government has released a State by State breakdown of another tranche of Paris Club refund of over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments from 1995-2002. A statement from the federal ministry of finance said these payments which totalled N243, 795,465,195.20 ...
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President in Chile: 'I hope visit will open ways to further cooperation'
On the first day of a historic state visit to the Republic of Chile, President of Malta Marie-Louise Coleiro Preca held bilateral talks with President of the Republic of Chile Michelle Bachelet, at the La Moneda Palace, in Santiago. This is the first state visit by a Maltese Head of ...
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Oil theft: Appeal Court upholds five-year jail term for nine foreigners
Oladimeji Ramon The Lagos Division of the Court of Appeal on Monday affirmed the five years’ imprisonment imposed on nine foreign nationals, who were in 2015 convicted of stealing 3,423.097 metric tonnes of crude oil from Nigeria. Among the convicts are five Filipinos and four Bangladeshi. They are Axel Joseph ...
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How Becker lost £100m investments in Nigeria
Boris Becker may have lost his £100m fortune in part because of questionable investments in the Nigerian oil industry, according to claims in the German press. Since the 49-year-old former tennis star was declared bankrupt in a London court last month, speculation has been rife over how he managed to ...
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18 senators under probe for alleged N367.5b fraud
Seven lawmakers on trial for ‘money laundering’ Eighteen senators are under investigation by the Economic and Financial Crimes Commission (EFCC) for alleged N367.5billion fraud, it was learnt yesterday. Seven are on trial. Some of the cases date back to 10 years. A senator is being investigated for alleged stamp duty ...
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Calabar fire death toll now 11
•NPA condoles with families, Cross River govt •NEPZA donates N2m for treatment of Calabar tank farm fire incident victims The death in the fire at the Linc Oil and Gas tank farm in the Calabar free trade zone facility on Sunday is now 11. Commissioner of Police Hafiz Inuwa, on ...
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CBN pumps in $195m more to boost forex supply
The Central Bank of Nigeria (CBN) yesterday supplied $195 million to stabilise the inter-bank Foreign Exchange Market. CBN spokesman Isaac Okorafor said $100 million was offered through the wholesale segment. Small and Medium Enterprises (SMEs) segment received $50 million. Tuition fees, medical payments and Basic Travel Allowance (BTA), among others, ...
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Osinbajo pledges tax relief to investors in creative arts
Acting President Yemi Osinbajo has pledged to grant tax relief for willing investors in the creative sector of the economy. The decision, he said, is to boost investor confidence in the industry and grow the Gross Domestic Product (GDP) from 1.42 per cent to five per cent. Prof Osinbajo gave ...
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Issues As Nigeria Prepares For First Sovereign Green Bonds
As Nigeria prepares to issue the first Sovereign Green Bonds by this third quarter, CHIKA OKEKE examines several inter-agency collaboration, benefits of the bonds and how it would green Nigerian economy. Prior to Nigeria’s participation at the 22nd session of the Conference of the Parties (COP 22) to the United ...
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Concluding thoughts on Nigeria’s economic restructuring (2)
Eze Onyekpere The new economic paradigm should not be one of perverse incentives where physical and intellectual laziness and lack of creativity is encouraged and rewarded under an equalisation programme. Rather, it should be one that encourages creativity, the enhanced use of the intellect and physical action for the purposes ...
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CBN boosts FX supply with $195m
The Central Bank of Nigeria on Monday intervened in inter-bank Foreign Exchange Market with the supply of $195m as part of efforts to stabilise the market. The acting Director, Corporate Communications of the apex bank, Mr Isaac Okorafor, in a statement, said $100m was offered through the wholesale segment. He ...
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Rebasing Nigeria’s economy triggered grants withdrawal by donors – CISLAC
The Civil Society Legislative Advocacy Centre on Monday in Abuja said the 2014 rebasing of the nation’s economy had triggered withdrawal of international donations from Nigeria. Executive Director of the organisation, Mr Auwal Rafsanjani, said this at a workshop for members of the National Assembly on “Understanding Nigeria’s Lower, Middle ...
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Akeredolu to Investors: Leave Lagos, Come to Ondo
Governor Oluwarotimi Akeredolu of Ondo State on Monday urged investors in the country and outside the shores to bring their investments down to his state, instead of concentrating their investments in traffic-ridden and human congested Lagos State, saying that “my state is blessed with abundant resources”. The governor made this known in ...
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FG suspends former acting NHIS boss, eight others
Minister of Health, Prof. Isaac Adewole has suspended the former acting Executive Secretary of the National Health Insurance Scheme (NHIS), Mr. Olufemi Akingbade alongside seven other staff of the scheme. In a statement signed by the Director of Media and Publicity, Mrs. Blade Akinola the action of the minister is ...
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Calabar fire: NNPC cautions consumers over panic buying
The Nigerian National Petroleum Corporation (NNPC) has advised consumers of petroleum products across the country not to engage in panic buying as a result of the fire incident which occurred in the wee hours of July 15 at a tank farm at Calabar Free Trade Zone (CFTZ), in Cross Rivers ...