Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Dump multiple exchange rates, forex curbs, IMF tells FG
Oyetunji Abioye The International Monetary Fund on Thursday urged the Federal Government to lift the remaining foreign exchange restrictions and scrap the system of multiple exchange rates in order to revive the Nigerian economy. The recommendation came in the Washington-based fund’s regular assessment of Nigeria’s economy. The report came on ...
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APC, PDP trade words over state of the nation
The All Progressives Congress (APC) and the Peoples Democratic Party (PDP) yesterday traded words over the state of the nation. The chairman of PDP’s Caretaker Committee described March 28, 2015 as a day Nigerians voted scam as change. Referring to the presidential election that brought in President Muhammadu Buhari , ...
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Unify exchange rates, IMF advises Nigeria
•Experts seek forex restrictions retention The Executive Board of the International Monetary Fund (IMF) yesterday released the Article IV Consultation on Nigeria in which it urged the authorities to remove restrictions and multiple currency practices. The directors also praised the recent easing of some exchange restrictions which would lead to ...
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FG Names Okpanachi As Head Of DBN
The Federal Ministry of Finance on Thursday announced board members of the newly-licensed Development Bank of Nigeria (DBN). The management team is led by Mr Tony Okpanachi, a banker and erstwhile deputy managing director/deputy CEO, Ecobank Nigeria Limited. Before his appointment as managing director/ CEO of Development Bank of Nigeria(DBN), ...
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Forex: What is Emefiele up to this time?
Theophilus Opaleye An underlying economic principle that is often lost in translation in public discourse on the operations of foreign exchange market in Nigeria is the dynamic relationship between demand, supply and price. The technical terms often used by economic and financial analysts in explaining the forex situation has robbed ...
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Ikeme injury worries Wolves boss
Carl Ikeme is a doubt for Saturday’s game with Cardiff as the Wolves goalkeeper continues to be monitored for a hamstring injury, expressandstar.com reports. Boss Paul Lambert has confirmed that the 30-year-old is being assessed after picking up the injury while away on international duty with Nigeria. Ikeme sat out ...
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Mob attack: FG summons Indian High Commissioner
The Federal Government on Wednesday asked Indian Government to ensure the immediate arrest and prosecution of those responsible for attacks of Nigerian students in an Indian university. The Permanent Secretary, Ministry of Foreign Affairs, Amb. Olushola Enikanolaiye, made the call in Abuja at a meeting on the issue with the Indian ...
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Dirty diesel
•The trade in adulterated petroleum products must be reduced The exposure of an Ikeja-based oil distribution company allegedly selling thousands of litres of adulterated diesel to companies and individuals on a daily basis is a sobering testimony to the rampant nature of a crime that has ruined many lives and ...
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Development Bank Of Nigeria Set To Begin Operation, Gets CBN Licence
The Development Bank of Nigeria (DBN) is set to begin operations as the Central Bank of Nigeria (CBN) has issued license to the bank. The bank was established to support small-scale businesses, with loans of varying lengths at lower interest rates than currently available as the country contends with its ...
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How Regulatory Approval Impacts Oil And Gas Operations In Nigeria
CHIKA IZUORA, in this write up examines oil and gas contracting cycle and other challenges in the industry. New investments in oil and gas operations have declined in recent times due to several factors ranging from high cost of production to falling oil prices. The feeble rise in oil prices ...
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Building A Competitive Economy For The Future
Nigeria’s Gross Domestic Product (GDP) performance improved slightly in the 4th quarter of 2016, and showed us a route to recovery. The current recession has affected all of us. But the root causes of it are deep, and they must be addressed if we are to build a more sustainable ...
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Montepio Geral melhora prejuízos para 86 milhões em 2016
José Félix Morgado, que já só chama o Montepio de Caixa Económica, acaba de apresentar os resultados de 2016. Destaque para a melhoria da qualidade dos ativos, reforçada pelo facto de terem entrado menos 33,9% de novos contratos de crédito em malparado.
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Nigeria ranks 4th in soft drinks sales worldwide
The Head of Market Development, German Engineering Federation, Mrs Martina Claus, on Wednesday, said Nigeria ranked fourth globally in the volume of soft drink sales recorded in 2016. Claus spoke at the ongoing Third International Trade Exhibition on Agrofood, Plastics, Printing and Packaging in Lagos. She said that the statistics ...
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Senate now a self-serving trade union, says Buhari’s aide
Olalekan Adetayo, Abuja President Muhammadu Buhari’s Personal Assistant on Social Media, Mrs. Lauretta Onochie, on Wednesday chided Senators over their current rift with the Executive, saying they have turned themselves into blackmailers. She said the federal lawmakers have turned themselves into what she called a self-serving trade union that work ...
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RECs confirmation: Name questionable lawmakers, Senate challenges Sagay
Leke Baiyewu, Abuja The Senate has asked the Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), to name the persons with questionable character in the upper chamber of the National Assembly. The lawmakers, who took turns to take a swipe at Sagay at the plenary on Wednesday, berated ...
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Cleric seeks law empowering children to sue divorced parents for damages
A Catholic Priest, Rev. Fr. Hyacinth Oluolu, has called for a legislation that will power children who are victims of divorce, to sue their parents for damages. Oluolu, a Senior Lecturer at the University of Port Harcourt, decried the high rate of divorce in Nigeria and said that children were ...
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How Director defrauded company of N45bn – MD
The Managing Director of an outdoor advertising firm — Afromedia Plc., Mr Akinola Olopade, on Wednesday told an Ikeja High Court how one of the company’s directors defrauded it of N45 billion in a business transaction. Olopade made the disclosure at the ongoing trial of Alhaji Mohammed Gobir for a 17-count ...
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NASS, Presidency Relationship Is That Of Mutual Respect – Wamakko
Against the backdrop of the skepticism expressed by some that the Presidency and National Assembly seems to be working at cross purposes lately, Senator Aliyu Magatakarda Wamakko has affirmed that they will continue to remain good partners in the business of making Nigeria great. Wamakko, who is the immediate past ...
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National Carrier: Tanker Crude Fleet To Yield N2.93trn Yearly
Chairman of the Ministerial Steering Committee on the establishment of National Fleet, Barr. Hassan Bello said better days lie ahead for the Nigeria economy as it is set to yield N2.93 trillion yearly for freighting of Nigeria crude. Nigeria economy has been denied opportunity to maximise this huge opportunity because ...
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China’s Trade Investments In Nigeria Exceeds $460m
China’s current investments in trade zones in Nigeria is over 460 million US dollars, the Chinese Ministry of Commerce has confirmed at a meeting with African journalists participating in the China Africa Press Centre 2017 programme. The Deputy Director and Deputy Chief of Division at the Department of West Asian ...
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Ebro Foods designa a José Ignacio Comenge consejero coordinador
El consejo de administración de Ebro Foods ha designado a José Ignacio Comenge Sánchez-Real, que tiene categoría de consejero indipendiente, como consejero coordinador de la firma, según ha comunicado la empresa a la Comisión Nacional del Mercado de Valores (CNMV).