Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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‘Why Naira falls despite CBN’s intervention’
President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has blamed the recent depreciation of naira on speculators’ onslaught and resistance by the banking industry. Gwadabe told the News Agency of Nigeria (NAN) yesterday in Lagos that the refusal of some banks to sell the invisibles such ...
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Abuja Land Case: Shehu Malami Is Not Above Rule Of Law, Says Supreme Court
Just in case they are still in doubt, the Supreme Court has again served a strong notice to elite Nigerians, especially those in or close to the corridors of power who take this as a licence for impunity, that the apex court would not condone a breach of the rule ...
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External reserves hit two-week low as naira weakens
Oyetunji Abioye with agency report The country’s external reserves fell to a two-week low and the naira eased on the black market on Friday after the Central Bank of Nigeria pledged to step up dollar sales. This came just as the CBN said it would announce a new exchange rate ...
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Our children are still expecting their dad’s return – Wife of murdered Jumia delivery man
Chukwudi Akasike, Port Harcourt Blessing, wife of late Chukwuma Eleje, a delivery agent with Jumia, an online marketing store, who was murdered and thrown into a septic tank, has said that their four children were still expecting the return of their father. Mrs. Eleje, recalled how her husband promised the ...
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[BREAKING] California farmers grow, harvest spaghetti, FG buys technology for $705m
In a move reminiscent of the partnership between the governments of Lagos and Kebbi states which led to the production of the Lake Rice, the Federal Government has approved of a collaboration between American and Nigerian farmers in the cultivation of a special specie of Spaghetti. It may be recalled ...
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Nine things to know about crowdfunding
Crowdfunding is a form of crowd-sourcing and alternative finance that basically involves funding a project or venture by raising monetary contributions from a large number of people. It allows entrepreneurs raise capital without giving up too much equity. It has over the years become an effective alternative for raising funds ...
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CBN: Enough Forex For PTA, BTA, Tuition, Medicals
he Central Bank of Nigeria (CBN) will be naïve to imagine that everyone is pleased with its recent aggressive foreign exchange policy that has seen the nation’s currency substantially regain its respectability. It sounds like an Emefiele magic that in less than three weeks, the almighty dollar plummeted in value ...
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AMAA 2017: Over 400 Films Received From 72 Countries
Organisers of the prestigious pan-African reward and recognition platform for professionals in the film industry, Africa Movie Academy Awards have asked for an enduring partnership with the Lagos State Government as the host state for the 13th edition of the awards scheduled to take place in June. The Lagos State ...
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Abuja Land Case: Shehu Malami Is Not Above The Law, Says Supreme Court
The Supreme Court has warned that it will not condone a breach of the rule of law by the powerful and the influential in the country. The apex court served the notice on Tuesday March 28, 2017during hearing of a property suit involving Sokoto Prince, Elder Statesman and former Nigeria’s ...
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Police Nab 4 Online Sales Robbers In Lagos
The operatives of Rapid Response Squad of the Lagos State Police Command yesterday said it has arrested four suspects who specialise in deceiving sellers of expensive mobile phones and other goods, pretending to be online buyers and thereafter rob the sellers at the point delivery. The suspects identified as Wilfred ...
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Lagos Gives Out 200 Homes To Residents On Rent-To-Own Basis
Lagos State Government yesterday handed over keys to another set of 200 subscribers to its home ownership scheme on -Rent-To-Own basis. The State Commissioner for Housing, Prince Gbolahan Lawal who spoke during the handing-over ceremony said the state government will sustain the policy with the partnership of private investors. Lawal ...
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Security Council strongly condemns terrorist attacks, other violations in Lake Chad Basin
Source: UN Security Council Country: Cameroon, Chad, Niger, NigeriaThe Security Council adopted its first resolution addressing Boko Haram’s presence in the region, expressing concern about the protection needs of civilians affected by terrorism.SC/12773 SECURITY COUNCIL 7911TH MEETING (PM) Egypt Calls for Full Participation in Negotiations as Russian Federation Says Text ...
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‘Why SMEs struggle to get loans’
The confidence of lenders in small and medium enterprises in Nigeria will continue to remain low unless there is a unified identity card system in the country, an expert has said. The Executive Director, Business Operations and expansion, Appzone Limited, a software solutions provider for financial institutions, Mr. Emeka Emetarom, ...
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Development Bank of Nigeria to finance 20,000 MSMEs
Ifeanyi Onuba, Abuja The newly licensed Development Bank of Nigeria will be financing a total of 20,000 Micro, Small and Medium Enterprises within the first year of its operations. The Managing Director of the Bank, Mr Tony Okpanachi, stated this on Friday during a media briefing where some of the ...
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SMEDAN Partners A.K.G Global On E-Marketing
The Director General of SMEDAN, Dr. Umaru Dikko has said his agency will continue to support new innovation in e-business or digital business in Nigeria has MSMEs are the bedroock of development in any country. Dikko made this known in a stakeholders forum on MSMEs organised on Thursday in Abuja ...
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Forex manipulation: EFCC invites more senior CBN officials
Eniola Akinkuotu and Ifeanyi Onuba The Economic and Financial Crimes Commission has invited more senior officials of the Central Bank of Nigeria as part of investigations into an alleged foreign exchange scam and other sharp practices within the apex bank. Reliable sources within the anti-graft agency said the investigators probing ...
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CBN increases forex sale to BDCs, releases fresh $100m
Oyetunji Abioye and Ifeanyi Onuba The Central Bank of Nigeria on Thursday said it would from next Monday begin the sale of foreign exchange to Bureau De Change operators twice weekly. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor, who confirmed this, stated that the move was part ...
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FG extends 2016 capital budget implementation to May 5
Ifeanyi Onuba, Abuja The Federal Government on Thursday extended the implementation of the capital component of the 2016 budget from March 31 to May 5, or till the passage of the 2017 budget, whichever is earliest. The Ministry of Finance said in a statement that already, the Accountant-General of the ...
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Senate’s armoured car defies economic sense
Punch Editorial Board A controversial armoured vehicle bought by the Senate, but seized by the Nigeria Customs Service for evading correct duty payment, is yet another greasy mark on the National Assembly’s coat of many colours. Whether at the level of the lawmakers or the bureaucracy, our legislature has become ...
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‘Traders must support initiative on environment’
Afeez Hanafi The Iya Loja General of Nigeria, Chief Folashade Tinubu-Ojo, says it is important for traders in markets across Lagos State to partner the government in ensuring cleanliness in the state. She urged market men and women to support the Cleaner Lagos Initiative (CLI) of the state government, noting ...
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Nigeria’s economy gradually recovering, says Buhari
Olalekan Adetayo, Abuja President Muhammadu Buhari on Thursday said the nation’s economy was gradually recovering from recession. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving the outgoing Ambassador of the Royal Embassy of Saudi Arabia, Fahad Bin Abdullah ...