Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Nigeria, China moves to improve $15bn trade relations
Ifeanyi Onuba, Abuja The Federal Government and the government of China are developing strategies to improve the level of trade between both countries, which stood at about $15bn at the end of 2016. The President, China Chamber of Commerce in Nigeria, Mr. Ye Shuijin, disclosed this during the unveiling of ...
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Finance ministry contradicts Adeosun, says Nigeria’ll continue to borrow
Ifeanyi Onuba, Abuja The Ministry of Finance on Thursday said that the Federal Government would continue to borrow from foreign and domestic financial institutions to fund its programmes. The ministry stated this in a statement issued on Thursday by the Director of Information, Mr. Salisu Dambatta. The statement contradicts the ...
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Nigeria has let a crisis go to waste
The term “dead cat bounce” derives from the fact that even a dead cat will bounce if it falls from a great height. If you imagine a dead cat soaked in crude oil and dropped from a 50-storey building, you get a rough picture of how Nigeria’s economy is performing ...
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LASG threatens land-grabbing rulers with dethronement
Sesan Olufowobi The Lagos State Government on Thursday said it would dethrone any traditional ruler that engaged in land-grabbing activities. The Coordinator, Lagos State Taskforce on Land Grabbing, Jide Bakare, stated this in Ikeja at a sensitisation programme on the Lagos State Property Protection Law, 2016, organised by the Office ...
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Debts: Reps demand N2.7tn settlement proposal details
Adelani Adepegba, Abuja John Ameh, Abuja Barely 24 hours after the Federal Government announced a proposal of N2.7tn to offset accumulated local debts and other services, the House of Representatives on Thursday demanded the details of the plan. Lawmakers passed a resolution asking the Minister of Finance, Mrs. Kemi Adeosun, ...
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Reps probe killing of 97 Nigerians by Cameroonian soldiers
John Ameh, Abuja The House of Representatives, on Thursday, summoned the Minister of Foreign Affairs, Mr. Godfrey Onyeama, over the alleged killing of 97 Nigerians by Cameroonian Gendarmes. The soldiers were said to have murdered the Nigerians, who resided in the part of the Bakassi Peninsula ceded to Cameroon by ...
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Nigeria emerges Japan’s biggest supplier of Sesame seed
Anna Okon Nigeria is currently the biggest supplier of Sesame Seed to Japan. The Deputy Trade Commissioner of Japan External Trade Organisation, Chiharu Yamamura, said this while making a presentation at a seminar and selection exercise for participation of Nigerian food and beverage exporters in the 43rd edition of the ...
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‘The challenge of security, peace in times of economic recession’
To Prof John A. Ayoade of the BOWEN University in Iwo, Osun State, political power can be reconfigured, though not without resistance, but it is not as easy to reconfigure the economy. The professor Emeritus, in this article, entitled: “The challenge of peace and security in times of economic recession: ...
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Why Fed Govt must honour aviation concession agreements, by minister, Babalakin
Minister of Information and Culture Lai Mohammed and Chairman of Bi-Courtney Aviation Services Ltd (BASL) Dr. Wale Babalakin said yesterday that the Federal Government must honour existing concession agreements with players in the aviation industry to attract investors. Failure to honour such agreements, they said, will act as a disincentive ...
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Fed Govt hires asset tracers to go after 150 moneybags
There is no hiding place for tax defaulters. The Federal Government has engaged the services of asset tracing-companies to investigate the tax payment status of 150 firms/individuals. Minister of Finance Mrs. Kemi Adeosun said yesterday in Lagos that investigators would rely on information derived from Bank Verification Number (BVN), records ...
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DMO allots N400.5m in savings bond sales
The Federal Government has allotted N400.5 million in its July 2019 and 2020 savings bond sales, the Debt Management Office (DMO) has said. The allotment results were obtained from the DMO’s website yesterday. About N160.7 million was allotted at 13.38 per cent, with 342 successful subscriptions to mature in July ...
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Osinbajo seeks unity at Akande’s wife’s funeral
Acting President Yemi Osinbajo has urged Nigerians to support the ideals of peace and unity, which many great leaders stood for. ”Our strength as a nation lies in our diversity and size. Many states in Nigeria are far bigger than many nations of Africa. “The economy of Lagos State, for ...
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Police Invade Private Warehouse, Cart Away N85 Million worth of Agric Commodities
By Ruth Tene Natsa, As the Nigerian Government makes efforts to assert its commitment to creating an enabling business environment, investors on the platform of the AFEX Commodities Exchange Limited have lamented the high handed and illegal confiscation of their products from their warehouse Speaking at an emergency briefing in ...
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Nigeria: Nigeria, Iran Seek Partnership in Technology
[Premium Times] The Nigerian Government and its Iranian counterpart on Thursday expressed their willingness to strengthen partnership in technology.
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FG approves N2.7tn for pensioners, contractors, fuel marketers
Olalekan Adetayo, Abuja The Federal Executive Council on Wednesday approved a proposal presented by the Ministry of Finance to offset accumulated Federal Government’s debts totalling N2.7tn. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this to State House correspondents at the end of the weekly meeting of the council presided ...
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Reps summon health minister, order him to recall NHIS boss
John Ameh, Abuja The House of Representatives on Wednesday summoned the Minister of Health, Prof. Isaac Adewole, over his suspension of the Executive Secretary of the National Health Insurance Scheme, Prof. Yusuf Usman. The House directed the minister to reinstate the ES within seven days and to halt the re-accreditation ...
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Lawmaker sponsoring amnesty bill for looters deserves suspension —Sagay
Eniola Akinkuotu, Abuja The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has described as disgraceful and illegal a bill in the House of Representatives which seeks to grant amnesty to self-confessed looters. In a statement on Wednesday, Sagay berated the sponsor of the bill, Mr. Linus Okorie, ...
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US unveils new technology for Nigerian oil industry
’Femi Asu The Foreign Commercial Service of the United States Diplomatic Mission to Nigeria has announced the introduction of an innovative technology called ‘Synergy and Aruba’ for use in the Nigerian oil and gas industry. It said the technology was introduced in collaboration with Hewlett Packard Enterprise Nigeria and its ...
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CBN, NERDC Train Teachers On Financial Inclusion
By Bukola Idowu And Emmanuel Chidi-Maha, The Nigeria Educational Research and Development Council (NERDC) in partnership with the Central Bank of Nigeria (CBN) says it will commence the training of teachers ahead of the inclusion of financial education in the curriculum of primary and secondary schools in the 2017/2018 session. ...
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CBN: Boosting Markets With Creative Policies
By Arize Nwobu Acs The Central Bank of Nigeria (CBN) seems to have hit the bull’s eye with its creative and strategically combined policies on foreign exchange, namely the reinforced intervention and supply of dollar into the system and introduction of the Investors’ and Exporters (I&E) foreign exchange window. The ...
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Zenith Life Redefines Insurance Industry In Nigeria
Zenith Life Insurance has redefined the Nigerian insurance sector with its landmark partnership with Prudential Plc, one of the oldest and most capitalized life insurance companies in the world. The partnership, which will see Zenith Life trade under Zenith-Prudential Life, also involves an exclusive bancassurance agreement with Zenith Bank Plc ...