Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Norway, Nigeria partner to digitise library books
Olaleye Aluko, Abuja The National Library of Norway has partnered the National Library of Nigeria to digitise books and other literary works produced in Nigerian indigenous languages. The Nigerian National Librarian, Prof. Lenrie Aina, announced this partnership in Benin, Edo State, while inaugurating a nationwide readership promotion campaign. He noted ...
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Nigeria’s debt rises by N7.1tn in two years
Everest Amaefule, Abuja The nation’s total indebtedness to foreign and local creditors now stands at N19.16tn, the Debt Management Office has said. This is N1.8tn increase from the N17.36tn recorded at the end of December 2016. As of March 31, 2015, the country’s total debt stood at N12.06tn. This means ...
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Fed Govt earns N611b from Onne Zonne
The Federal Government realised a whopping $2 billion ( about N611 billion) as revenue from the operation of the Onne Oil and Gas Free Zone, the Managing Director of Oil and Gas Free Zones Authority (OGFZA), Umana Okon Umana, has said. He spoke during the first session of the Nigeria ...
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Glo chief: SMEs backbone of economy
National telecommunications operator, Globacom, has restated its commitment to the growth of the Small and Medium Enterprises (SMEs) in the country, describing them as the economic catalysts for the leading nations of the world. The company said at the Nigerian-American Chamber of Commerce’s 2017 African Foods and Products Conference which ...
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Doctor sues bank over fake foreign currency
Olufemi Atoyebi, Ibadan A medical doctor has taken one of the new generation banks to court over the alleged issuance of ‘fake’ currency which was discovered when he attempted to spend same money in Germany. In a charge sheet number I/134/2017 filed before Justice R.B Akintola of the Oyo State ...
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FG to commence design of local vehicles
Ifeanyi Onuba, Abuja The Federal Government in a bid to encourage the patronage of made-in-Nigeria vehicles has said it would soon commence the design of local vehicles that would reduce the preference of Nigerians for foreign brands. The newly appointed Director-General, National Automotive Design, and Development Council, Mr. Jelani Aliyu, ...
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Those who accuse EFCC, others of media trial are the treasury looters – Osinbajo
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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FG deploys ambassadors in 44 countries
Adelani Adepegba, Abuja The Federal Government has deployed 44 career ambassadors-designate in their respective countries of accreditation. The Permanent Secretary, Ministry of Foreign Affairs, Amb. Olusola Enikaolaye, however, added that the envoys were yet to resume in their countries of assignment because of the delay in the agreemo-a memorandum from ...
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FMBN identifies low income as challenge to housing finance
Femi Makinde, Osogbo The Federal Mortgage Bank of Nigeria has said low income wages being earned by some categories of workers are one of the challenges hindering its efforts at housing finance in the country. The Managing Director,FMBN, Ahmed Dangiwa, said this in Osogbo on Friday at the presentation of ...
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Reforming Nigeria Police for efficiency
Rising insecurity across the country in recent times and the response of the Nigeria Police require a thorough review and overhaul of the security system. In Lagos, criminal gangs struck in Epe and Ikorodu, kidnapping six children in one instance and wiping out an entire family in the other, underscoring ...
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Introduce poverty alleviation products, LCCI advises insurers
Nike Popoola The Lagos Chamber of Commerce and Industry has urged the insurance industry operators to introduce products that can alleviate poverty, as the country moves out of recession. The President, LCCI, Dr. Nike Akande, said this during a stakeholders’ forum for artisans and other association bodies with the theme, ...
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Presidency not wrong by delayed budget signing – Rep
John Ameh, Abuja The House of Representatives said on Sunday that no law had been breached so far in the delayed signing of the 2017 budget by the Acting President, Prof. Yemi Osinbajo. Its spokesman, Mr Abdulrazak Namdas, told The PUNCH in Abuja that the 1999 Constitution (as amended) gave ...
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Oppressive contradictions in Nigeria’s economy
Henry Boyo The question is, Why have we become so poor despite our abundant human and material resources? The following is a summary of this writer’s presentation to the House of Representatives Committee on Recession, recently. Please read on: “Readily available evidence, ironically, indicates that the fundamental cause of our ...
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Chevron wants more efforts to tackle environmental issues
Maureen Ihua-Maduenyi Chevron Nigeria Limited, operator of the joint venture between the Nigerian National Petroleum Corporation and CNL JV, has called for more efforts towards solving most of the global environmental issues that affect humanity. The organisation made the call in a statement issued on the World Environment Day today ...
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Some progress
•We welcome senate’s passage of Petroleum Industry Governance Bill, but … ALMOST 19 years after the process started, the Senate finally passed one leg of the five-part composite Petroleum Industry Bill – thePetroleum Industry Governance Bill, (PIGB) on May 25. First introduced in 2008, due credit goes to the current ...
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CBN Foreign Market Intervention Hits N7.13bn In 22weeks
By Kayode Tokede, Lagos The intervention of the Central Bank of Nigeria (CBN) in the foreign exchange market in 22 weeks has risen to N7.13 billion. The apex banking regulating body last week sold $482.60 million at the interbank window in a bid to bridge the gap between the parallel ...
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CBN Drives Banks’ Lending In A Disruptive Economy
By Kayode Tokede, Lagos This year marks 12 years Central Bank of Nigeria (CBN) directed Deposit Money Banks (DMBs) in the country to have a minimum capital base of N25 billion. This led to a lot of consolidation in the banking sector as some banks failed the re-capitalisation exercise introduced ...
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«Le coût des subventions grève fortement le budget de fonctionnement»
Selon les estimations des autorités, reprises par le FMI, les subventions ont coûté 13,6% du PIB en 2015, alors qu’en 2016 les subventions prévues étaient de 27,7 milliards de dollars en valeur, dont 15,3 milliards de dollars étaient injectés dans le soutien des produits énergétiques. Outre leur coût budgétaire, les ...
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It’s not compulsory to engage lawyers for company registration — Mahmud
The Registrar General, Corporate Affairs Commission, Mr. Bello Mahmud, in this interview with IFEANYI ONUBA speaks on, among other issues, steps being taken by the commission to improve the country’s ranking in the World Bank Ease of Doing business index. The Federal Government is working assiduously to improve Nigeria’s ranking ...
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Saudi-bound pilgrim arrested with cocaine at Lagos Airport
Officials of the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA) Lagos have intercepted a 54- year- old single mother of four children. She was going on pilgrimage to Saudi Arabia with substances that tested positive for cocaine. The suspect who hails from Kwara State ...
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Ibadan people in support of Olubadan chieftaincy review — Kolade
Oyo State Commissioner for Local Governments and Chieftaincy Matters, Bimbo Kolade, tells OLUFEMI ATOYEBI that the 60-year-old Olubadan chieftaincy law deserves urgent review The plan to review the chieftaincy succession laws in Ibadan by Governor Abiola Ajimobi has generated controversy. Can you shed more light on it? I will say ...