Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Australia pledges additional $5m humanitarian assistance to Northeast
Australia has announced additional five million dollars assistance to address the humanitarian crisis in North-East Nigeria. The fund would be delivered by the World Food Programme and Red Cross. Australian Foreign Minister Julie Bishop announced the assistance through a statement issued by Australian High Commission, Public Affairs Officer, Hope Ayabina. ...
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Instan a la CNV a ajustar los controles
El encargado de Social Trade (socio comercial) de Casa de Bolsa Puente, José Félix Albertini, señaló que casos como el de Unicomer (Electrofácil) no son positivos para el mercado, por lo que instó a que la Comisión Nacional de Valores (CNV) a que pueda ajustar los controles.
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Nigeria: Ease of Doing Business - How MDAs Are Frustrating Investors
[Vanguard] The drive by the present administration to ease the burden of doing business in Nigeria may suffer a serious setback due to a major deficiency in communication flow between government agencies and foreign investors who may want to conduct enquiries before making up their minds on whether or not ...
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Growth without jobs won’t help Nigeria
Beset by recession, the Nigerian government pins its hopes on expected positive growth by the third quarter of this year. With the economy contracting for the fifth consecutive quarter in the first three months of the year, local and foreign experts predict a modest expansion that will provide some comfort ...
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It’s shameful Nigeria imports finished petroleum products – Kachikwu
Okechukwu Nnodim, Abuja The Minister of State for Petroleum Resources, Ibe Kachikwu, on Tuesday said it was shameful that the country had continued to import finished petroleum products. According to him, the country has to stop importing the products, adding that the Federal Ministry of Petroleum Resources was committed to ...
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Treasury looting too easy, recovery difficult, says Adeosun
Ade Adesomoju, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday drew a contrast between looting the nation treasury and repatriation of the proceeds of corrupt acts stashed in foreign countries. She said while it was so easy to loot the public treasury, discovering and repatriating the stolen funds ...
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Forex users dump BDCs as naira/dollar rates converge
These are not the best of times for Bureaux de change (BDCs) operators. They have been shunned by foreign exchange users following the convergence of naira/dollar rates at the parallel market and BDCs for the first time in two years. The exchange rate at both parallel market and BDCs closed ...
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Finance minister: Treasury looting too easy in Nigeria
Minister of Finance Kemi Adeosun yesterday said high level corruption was endemic in Nigeria because it was too easy for people to loot public funds. He said the Federal Government was working to block avenues for looting and make it harder to hide stolen funds abroad. Adesoun spoke when she ...
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“Lagos Start on to Start up” promove empreendedorismo no sul do país
Partilhar experiências, abordar o poder e importância que o empreendedorismo assume na criação de emprego e dar a conhecer os vários apoios disponíveis nesta área são os principais objetivos do “Lagos Start on to Start up”, evento promovido pela Câmara Municipal de Lagos, que decorre nos dias 9 e 10 ...
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EFCC secured 340 convictions in six months, says Magu
Eniola Akinkuotu, Abuja The Economic and Financial Crimes Commission says it has secured 340 convictions for various offences and recovered billions of dollars stolen funds from unscrupulous individuals within the last six months. The EFCC acting Chairman, Ibrahim Magu, said this at the project launch on law enforcement and public ...
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2017 budget will be signed soon, Akabueze says
The Director-General, Budget Office, Mr. Ben Akabueze, says he is optimistic that the 2017 budget will soon be signed. He said this on Tuesday in Abuja at a round table organised by Time Economics on issues concerning the economy. Akabueze said that to address issues of delayed budget passing and ...
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Reps urge FG to address escalating price of cement
The House of Representatives has urged the Federal Ministry of Industry, Trade and Investment to interface with Cement Manufacturers Association of Nigeria (CMAN) over escalating price of cement in the country. The call was sequel to a unanimous adoption of a motion by Rep. Abubakar Yunusa (Gombe-APC) at the plenary ...
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Cartel running Nigeria’s banking sector, CBN losing control – Senate
Leke Baiyewu, Abuja The Senate on Tuesday said Nigeria’s banking sector is being run by a cartel which frustrates the monetary and fiscal policies of the Federal Government. It said the group of bank owners has become strong that it manipulates the economy. The upper chamber of the National Assembly ...
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Nigeria’s market profitable for investors – Osinbajo
Olalekan Adetayo, Abuja The Acting President, Yemi Osinbajo, has described Nigeria as one of the most profitable places in the Economic Community of West African States sub-region for business and investment. A statement on Tuesday by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, quoted the Acting President ...
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Fani-Kayode condemns FG for snubbing Israel at ECOWAS summit
Eniola Akinkuotu, Abuja A former Minister of Aviation, Femi Fani-Kayode, has condemned the President Muhammadu Buhari-led government for allegedly snubbing Israel at the just concluded summit of the Economic Community of West African States, which held in Liberia. The government had sent a small delegation headed by the Minister of State ...
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South Africa slips into recession
South Africa has entered recession for the first time in eight years, data from Statistics South Africa showed on Tuesday. Data from Statistics South Africa in Pretoria showed the first quarter contraction was led by weak manufacturing and trade. The data showed that South Africa’s economy contracted by 0.7 per ...
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Rise and fall of Nigeria’s banking services
Tayo Oke drtayooke@gmail.com Once upon a time, you had a transaction to make, you walked into the local branch of your bank, you were attended to with courtesy; you did what you had to do, and walked back out. In the same vein, you had a somewhat hazy business idea, ...
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Stolen funds: Osinbajo, Sagay, Falana demand prosecution of complicit banks
Ade Adesomoju, Abuja Acting President Yemi Osinbajo, on Monday, debunked allegations of engaging in media trial often levelled against the Economic and Financial Crimes Commission and other law enforcement agencies. Osinbajo, a Senior Advocate of Nigeria, said the allegations of media trial were being sponsored by treasury looters in their ...
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How a white man influenced me to study Law – Dogara
Friday Olokor, Jos The Speaker of the House of Representatives, Yakubu Dogara, has explained that he ended up studying Law through the intervention and encouragement of a white man at the University of Jos. He therefore called on students pursuing a degree in Law to be steadfast and determined to ...
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Forex: CBN introduces new rules, naira closes at 367/$
Oyetunji Abioye The Central Bank of Nigeria on Monday introduced new rules into the interbank foreign exchange market. This came barely one week after the naira closed below 370/dollar on the parallel market. The rules were contained in a new circular tagged, “Further liberalisation of the interbank foreign exchange market,’’ ...
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African countries must cooperate to grow economy –SA Premier
’Femi Asu The Premier of Guateng, South Africa, David Makhura, has identified inter-African co-operation as critical to the economic growth of the continent. Makhura, who delivered a lecture on his visit to the Lagos Business School last Friday, critically examined the narrative of ‘Africa Rising’, according to a statement on ...