Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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FG inaugurates committee to expand trade with other countries
Ifeanyi Onuba,Abuja The Federal Government in a bid to expand Nigeria’s trade with other countries of the world has inaugurated a national committee for the Continental Free Trade Area negotiations. African Union Heads of State and Government at their summit in 2012, decided to establish a Continental Free Trade Area, ...
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PMB Appoints New Management For Nexim Bank
President Muhammadu Buhari has approved the appointment of Abubakar Abba Bello as the new Managing Director of Nigeria Export-Import Bank (NEXIM). This is contained in a statement issued by the director media, Bolaji Adebiyi in the office of the Secretary to the government of the federation. He said also appointed ...
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IGP Idris Tasks Nigerians To Expose Corruption In Police
The Inspector General of Police, Ibrahim Idris has urged Nigerians to use the various social media platforms and expose corruption and misconduct in the police. The IGP, who stated this yesterday, in Abuja during the inauguration of the partnership between the Nigeria Police and Akin Fadeyi Foundation on an anti-corruption initiative ...
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Economic Recovery: Emphasising Made-in- Nigeria Goods
The love for foreign goods and services to the detriment of locally produced ones has remained a debilitating economic drain which has, in turn, contributed immensely to the current recession. It is for this reason that the current campaign to promote the patronage of Made- in -Nigerian goods has been ...
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CBN Releases Fresh $100m To FOREX Market
Apart from the $280 million it injected into the Foreign Exchange Market on Tuesday, April 18, 2017, the Central Bank of Nigeria (CBN) on yesterday, carried out spot, wholesale interventions in the interbank FOREX market by offering a total sum of $100m to authorized dealers to meet the 7 to ...
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Abuja Airport: British Airways, Turkish Airlines, Others Resume Full Operations Today
Barely 24 hours after the Nnamdi Azikiwe International Airport (NAIA) was opened for flight operations, no fewer than seven foreign airlines are expected to resume full flight operations into and out of the airport today. Ethiopian Airlines had on Tuesday landed with over 200 passengers on-board an A350 aircraft, making ...
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Medical Tourism: Saudi German Hospital To Collaborate With Nigerian Doctors
Doctors from Saudi German Hospital in Dubai have disclosed intentions to partner with Nigerian Doctors on Neurosurgery training and use of the state of the art medical equipment. “Saudi German Hospital is keen to train doctors from this region and set up telemedicine centres in Abuja. In long term, it ...
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Fund to develop power assets in Nigeria, others
An investment fund managed by QG Investments Africa Management Limited, QG AfricaMezzanine LP, has announced the establishment of a power firm to develop power assets across sub-Saharan Africa. The new joint venture, QG Power Africa, was established in collaboration with Tomé International Limited and Independent Power Corporation Plc, a statement ...
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Pay contractor, court orders Standard Alliance Insurance
Ramon Oladimeji The Lagos State High Court in Igbosere has entered monetary judgment in favour of a construction company, Ravega Construction and Project Management Limited, against Standard Alliance Insurance Plc. The court, in a judgment on March 24, 2017 by Justice O.O. Femi-Adeniyi, ordered Standard Alliance Insurance Plc to forthwith ...
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Foreign borrowing’ll increase debt service burden — NBCC
Increased foreign borrowing will put more pressure on Nigeria’s debt service burden, the Nigerian-British Chamber of Commerce has said. According to the chamber, the country’s debt service burden currently stands at 35 per cent owing to low government revenue and that additional external loans will certainly raise the figure. In ...
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NLNG revenue hits seven-year low amid oil slump
’Femi Asu The Nigeria LNG Limited, the biggest gas exporter in the country, said it earned a total of $4.723bn last year, the lowest in seven years. The company, which was created to harness the nation’s vast natural gas resources and produce Liquefied Natural Gas and Natural Gas Liquids for ...
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Task force plans fresh arrest of liquidated banks’ directors
Ifeanyi Onuba, Abuja The Nigeria Deposit Insurance Corporation on Wednesday said the Task Force on the Implementation of the Failed Bank Act would soon begin to re-arrest for prosecution directors and officers of licensed banks who had committed malpractices and had absconded. The task force is made up of representatives ...
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Why EFCC, ICPC, AGF may lose more corruption cases
Some top lawyers have suggested to the various anti-corruption and law enforcement agencies how the trend of losing high-profile corruption cases can be reversed, ADE ADESOMOJU reports On April 3, 2017, which was Monday, the first working day of the week, the Federal High Court in Lagos lifted the order ...
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Nigeria needs reforms to prevent exchange rate crisis — W/Bank
Oyetunji Abioye with agency report Nigeria needs to reform its finance to ensure it can hedge against any future foreign exchange crisis, the World Bank Chief Economist for Africa, Albert Zeufack, has said. Zeufack said on Wednesday that exchange rate adjustments could lead to higher inflation but continued monetary policy ...
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Nigeria’s revenue can’t sustain interest payment on debt – W’Bank
Everest Amaefule, Abuja Although Nigeria’s total current debt is relatively low compared to the Gross Domestic Product, the interest rate payment is not sustainable by current revenues, the World Bank has said. READ: Nigeria’s debt burden to hit N19.3tn by December Senior Economist at World Bank office in Nigeria, Yue Man ...
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Drama as Buhari suspends SGF Lawal, NIA chief
President Muhammadu Buhari yesterday ordered an investigation into the allegations of violations of law and due process made against the Secretary to the Government of the Federation (SGF), Mr David Babachir Lawal, in the award of contracts under the Presidential Initiative on the North East (PINE). The President also directed ...
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El-Rufai under fire over anti-Southwest, Tinubu comment
KADUNA State Governor Nasir El-Rufai was under fire yesterday for denigrating the contributions of Asiwaju Bola Ahmed Tinubu and his Southwest base to the victory of the All Progressives Congress (APC) in the 2015 elections. The Chairman of the Senate Committee on Local and Foreign Debts, Senator Shehu Sani, took ...
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Enduring Progress In Nigeria’s Rice Revolution
The Nigerian rice revolution began with the immediate past administration’s foray into the diversification of the Nigerian economy, with special focus on agriculture and solid minerals. Today, the President Buhari’s administration has taken the gauntlet with the administration revolutionising the nation’s economy from being oil dependent to an agro focused ...
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World Economics Declares Nigeria Out Of Recession
World Economics, a London-based organisation, declared yesterday that after a few quarters of negative growth that saw the death of businesses, the Nigerian economy has wriggled out of recession. According to the organisation, which focuses on producing financial analysis on world economy, Nigeria’s “Market Growth Index grew to 58.5 in ...
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Business Mogul Chanchangi Dies At 85
Kaduna-based business mogul, philanthropist and chairman Chanchangi Airlines, Alhaji Ahmadu Chanchangi is dead. He died at the age of 85 in the early hours of yesterday, precisely at about 6:25am, following a protracted illness. According to his in-law and former Kaduna South local government chairman, Alhaji Aminu Janadu, Chanchangi died ...
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Ahmadu Chanchangi Dies At 85
…Makarfi, Yero, others mourn Kaduna-based business icon, philanthropist and Chairman Chanchangi Airlines, Alhaji Ahmadu Chanchangi is dead. The late Chanchagi died around 6:25am today morning following a protracted illness at the age of 85. The Taraba-born but Kaduna-based multi millionaire known with his transportation business and later ventured into airlines ...