Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Transcorp guaranties growth of shareholders’ wealth
Transnational Corporation of Nigeria Plc says it is committed to growing shareholders’ wealth given its numerous investments with their expected yields. The investments, according to it, included the increase in available capacity of the Ughelli Power Plant to 850 megawatts by the end of 2017; the $100m renovation of the ...
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German multinational injects N7bn into Nigerian economy
Afeez Hanafi A German multinational, Beiersdorf Global, says it has invested N7bn in skincare products in Nigeria, describing the country’s economy as promising. It said no fewer than 1,150 direct and indirect jobs had been created through the establishment of the firm in Alausa, Ikeja, Lagos. An executive board member ...
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UN calls on private sector to support IDPs
The United Nations (UN) has made a clarion call to the private sector to channel resources towards helping Internally Displaced Persons (IDPs) that have suffered untold hardship due to the Boko Haram insurgency in the North East. The resident coordinator of UN in Nigeria Mr Edward Kallon gave the call at ...
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NDLEA Arrests 9 Suspects, Seizes 1,020.1kgs of Indian Hemp in Kogi
The Kogi Command of the National Drug Law Enforcement Agency (NDLEA) says it has arrested nine suspected hard drug peddlers and dealers in the last four weeks. The Commandant, Mr Idris Bello, told the News Agency of Nigeria (NAN) on Thursday in Lokoja that the command also seized 1,020.1 kilogrammes ...
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Ambode seeks reform in politics, economy
Afeez Hanafi The Lagos State Governor, Akinwunmi Ambode, on Wednesday urged leaders in Africa to reform political processes to strengthen democracy and ensure the economic transformation of the continent. He said there was the need to fully engage the electorate in the democratic process to bring about good leadership, credibility ...
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Lagos to enforce insurance scheme for buildings
Ramon Oladimeji The Lagos State Safety Commission says it will begin full enforcement of the state’s Insurance Act 2003, which mandates all buildings in the state to have an insurance cover. The Director General, Lagos State Safety Commission, Hakeem Dickson, said the commission had been restructured to ensure strict compliance ...
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Splash FM Marathon: Sponsors Call For Government Intervention
Two of the sponsors at this year’s Splash FM Ibadan City Marathon Race, Hon. Temitope Olatoye (Sugar), Founder of Olatoye Sugar Foundation and his counterpart from Kayrom Lee Gim and Fitness Center, Mrs. Romoke Ayinde have charged government at all level to support efforts of organizer of Ibadan City Marathon ...
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The Facts on NNPC/MPN Multi-Year Projects in Akwa Ibom State
In July 2013, Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC)/MPN Joint Venture, announced plans to make multi-year social investments with a total value of N26 Billion in Akwa Ibom State. These investments are in addition to the joint venture’s regular annual community development projects. ...
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Nigeria: African Govts Urged to Increase Investments in Youths
[This Day] Creating economic opportunities for young Africans is the most urgent challenge facing the continent, the Chairman of the Mo Ibrahim Foundation, Mo Ibrahim, has said.
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Senate panel alleges N30tn forex scam in banks, begins probe
Leke Baiyewu, Abuja The Senate has begun an investigation into alleged foreign exchange racketeering by commercial banks and importers. The upper chamber of the National Assembly alleged that Nigeria had lost over N30tn to the alleged forex diversion between 2006 and 2017. The Senate Committee on Customs, Excise and Tariff, ...
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Fund to develop power assets in Nigeria, others
’Femi Asu An investment fund managed by QG Investments Africa Management Limited, QG AfricaMezzanine LP, has announced the establishment of a power development company 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 ...
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India loses spot as Nigeria’s biggest oil buyer
’Femi Asu For the first time in at least two years, India’s monthly import of Nigerian crude oil has fallen below six million barrels, the latest monthly report from the Nigerian National Petroleum Corporation has shown. The Asian country lost its spot as Nigeria’s top oil buyer in December, as ...
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Lawyer demands US embassy’s apology over client’s deportation
Ade Adesomoju, Abuja A Nigerian, Mrs. Comfort Olaleke, has challenged her deportation from the United States of America. Her octogenarian husband, Mr. Joseph Olaleke, is currently being treated for cancer in the foreign country. In a petition dated, April 3, 2017 by her lawyer, Mr. Babs Akinwumi, the woman faulted ...
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Manufacturers Urge CBN To Raise Special Window Allocation To SMEs To $100,000
Mr Wale Adegbite, the Chairman, Manufacturers Association of Nigeria (MAN) in Ogun, has advised the Central Bank of Nigeria (CBN) to increase the special window given to SMEs in the country from 20,000 to 100,000 dollars quarterly. Adegbite told the News Agency of Nigeria (NAN) on Wednesday in Ota, Ogun, ...
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FAA welcomes proposal for Wied il-Għomor to be designated as public domain
Flimkien għal Ambjent Aħjar (FAA) welcomed the proposal put forward by Environment Minister Jose Herrera, for Wied il-Għomor to be designated as a public domain site in order to safeguard it from further development.Recently, Environment minister Josè Herrera recommended that Wied Ghomor and the Inwadar Nature Park be considered public ...
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Dangerous trend of killing security agents in Lagos
When an army captain and four policemen were brutally murdered in Ikorodu, a Lagos suburb, on April 9, while rescuing some kidnapped victims, the tragedy not only ricocheted to their families, friends and neighbours, it also hit Lagos’ pride as a leading state in Nigeria that aspires to become Africa’s ...
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Disclose your security votes, budget details, labour tells govs
Niyi Odebode and Fidelis Soriwei The Nigeria Labour Congress and the Trade Union Congress on Tuesday challenged state governors to disclose their security votes and how local government funds were disbursed. READ: El-Rufai discloses security vote, salary, attacks N’Assembly The NLC and the TUC also said that it was high time the ...
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Technology curbing fraud, says CIIN
The use of technology by insurance firms in the premium payment system has helped curb fraudulent activities of agents, President, Chartered Insurance Institute of Nigeria (CIIN), Lady Isioma Chukwuma has said. She spoke during a courtesy visit by the institute to the corporate headquarters of Vintage Press Limited, publishers of ...
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Numa launches artificial healthcare platform online
Health technology company Numa, has launched a mobile phone personal health assistant platform online where patients can have high quality health related information and verified health care professionals with necessary treatment. The mobile platform, Asknuma, is founded by two former business school students and healthcare professionals Dr. Tobi Obisanya and ...
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Cashew Export Can Generate $4.5bn Annually For Nigeria – NEPC
…Revenue, major milestone to achieve economic recovery plan-minister Nigeria can generate 4.5 billion dollars annually from cashew exportation, executive director, Nigerian Export Promotion Council, Mr Olusegun Awolowo, has said. Awolowo announced this in a press statement by head, Corporate Communications of the council, Mr Joe Itah, in Abuja, yesterday. The ...
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JAF Decries Inadequate Facilities In LUTH
The Joint Action Front (JAF), a civil society partner of the Nigeria Labour Congress has expressed their worry over inadequate facilities in the Lagos University Teaching Hospital (LUTH), saying it will soon embark on series of campaigns to draw public attention to pitfalls in the hospital. The chairman and general ...