Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Omoni Oboli parties hard after halted premiere
Tofarati Ige After weeks of planning and intense capital expenditure, actress, Omoni Oboli got the shock of her life when she was stopped from premiering her new movie, Okafor’s Law, on Friday, by a Federal High Court of Nigeria, in Lagos. All preparations had been put in place, from the ...
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Nigeria’s non-oil export to US falls by 24%
IFE OGUNFUWA Nigeria’s non-oil export to the United States under the African Growth and Opportunity Act policy has continued to lag, recording $1.141m in 2016. According to the AGOA trade statistics, non-oil exports to the US under the policy fell by 23.5 per cent from $1.491m in 2015 to $1.141m ...
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Litigation: Cinema suspends screening of Okafor’s Law
As Omoni Oboli insists on ownership Following a court injunction compelling filmmaker, Omoni Oboli to suspend the premiere and nationwide release of her latest movie, Okafor’s Law, FilmOne Distribution, Friday night, suspended the premiere and subsequent release of the movie. Its Group Executive Director, Moses Babatope, however said the company is solidly ...
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130 underage Nigerian girls trapped in Mali, B’Faso – Dabiri-Erewa
Olalekan Adetayo, Abuja At least 130 underage Nigerian girls trafficked to Mali and Burkina Faso are still trapped in the two countries, Saturday PUNCH has learnt. According to the Federal Government, 90 of the girls are in Burkina Faso while the remaining 40 are in Mali. The Senior Special Assistant ...
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Whistle-blower policy: FG receives 2,251 reports on stolen funds, others
Ifeanyi Onuba, Abuja The Federal Government said since the whistle-blower policy commenced in December last year, 2,251 cases have been reported so far. The Minister of Finance, Mrs. Kemi Adeosun, provided the details of the reported cases in a statement issued on Friday night by her Media Adviser, Mr. Festus ...
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IMF to Nigeria: Revise exchange rate policy to qualify for $1.4bn loan
Nigeria’s quest to secure a $1.4billion loan from the international funding agencies may be hindered, if the country fails to buy-in to reforms being pushed by the International Monetary Fund (IMF), a report has indicated. The IMF, Reuters said, is expected to warn Nigeria that its economy needs urgent reform, ...
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The Cost Of Reforms And Hadiza Bala Usman
The evolutionary trend of Nigeria’s socio-political journey since Independence has shown a clear path for the permeation of corruption, from an alien concept to the statutory way of getting business done. Corruption has become the existential reality of the ordinary man or woman in Nigeria trying to eke out a ...
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Economy’s Track For The Nigerian Foreign Exchange Market
By Aminu Umar Sheka In it is efforts to ensure smooth flows of foreign exchange currencies in the country, Government as an engine room for economic growth and development, various institutions must be mobilize in order to stabilize the foreign exchange market in the country. Since the establishment of the ...
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IMF Report Threatens FG’s $1.14bn Foreign Loan Quest
Nigeria’s quest to borrow about $1.4 billion from international finance institutions may be under threat as the International Monetary Fund (IMF) has dismissed the government’s economic recovery plan as unsatisfactory. According to a report, by IMF, the reform plans are not enough to bring the country out of recession. Reuters ...
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Financial Experts Laud CBN’s Forex Intervention
As Central Bank of Nigeria (CBN), continues to sustain foreign exchange intervention, some experts have expressed satisfaction on the continued intervention so as to bridge the gap between the interbank rate and parallel market rate. The CBN, this week, offered a total of $180 million to meet bids for wholesale ...
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50% of fruits, vegetables get damaged daily – NEPC
Anna Okon The Nigerian Export Promotion Council has stated that 50 per cent of fruits and vegetables harvested in Nigeria get damaged on a daily basis. The council said that in addition to post harvest losses, the country also suffered a huge revenue loss from poor packaging of agricultural produce ...
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US Consulate Wades Into Fulani Herdsmen, Farmers Feud in South West
Following the raging feud between the Fulani herdsmen and farmers in Nigeria, the Consulate General of the United State in Lagos has waded in with a view to finding lasting solution to the lingering crisis, especially in the South western region of the country. The Consulate, in partnership with a ...
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Nigeria: Nigeria Introduces Visa On Arrival for Foreign Investors
[Vanguard] The Nigeria Immigration Service (NIS) has announced the introduction of a liberalised online Visa on Arrival (VOA) facility to the public, especially foreign investors willing to invest in Nigeria.
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The battle between Senate and SGF
The Senate last December urged President Muhammadu Buhari to suspend and ensure the prosecution of the SGF for alleged breach of the law in handling contracts awarded by the PINE. The Senate’s resolution followed the presentation of the report on the humanitarian crisis in the Northeast by the ad-hoc committee. ...
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Naira may gain further, hits 385/dollar
Oyetunji Abioye The naira is likely to strengthen further on the black market as the Central Bank of Nigeria steps its interventions in the foreign exchange market. According to currency analysts and economic experts, the naira will record further gain in the coming days as the CBN aims to narrow ...
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Abuja tracks bullion van attackers
Adelani Adepegba, Abuja The police in Abuja have begun hunt for some gunmen who robbed a bullion van and killed two policemen on Tuesday in Kubwa, a suburb of the Federal Capital Territory. Northern City News gathered that the policemen were escorting officials of a micro-finance bank to the bank’s ...
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MAN, CBN Differ On Disbursement Of N380bn Forex To Private Sector
Members of the Organised Private Sector (OPS), including Manufacturers’ Association of Nigeria (MAN), have disagreed with the Central Bank of Nigeria (CBN) that they received $2.83 forex. The apex bank announced penultimate Thursday that it had disbursed $2.83 billion for utilisation in the critical sectors of the economy between December ...
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Nigeria Should Start With Fiscal Federalism – Hon Olatubosun
Hon Olajide Olatubosun represents Shaki east/Shaki west/Atisbo Federal constituency of Oyo State and in this interview with RUTH CHOJI, the chartered accountant stated that, Nigeria should start with fiscal federalism because this country has so much potentials but the people are just holding themselves down economy concern you? I am ...
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Zobo Tea Production Business
In Nigeria, agriculture remains the largest sector of the economy. Hibiscus flowers (Zobo) are multi coloured and varied and are annual herbs cultivated for their leaves, stem, seed and calyce. It grows nearly throughout the year, though its peak production is during the dry season of November to April of ...
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FG In Talks With China, South Africa To Curb $500m Losses To Illegal Mining
…Moves to set up bankable data As part of efforts to curb the lingering problem of illegal mining in Nigeria, which the country is said to be losing $500million from, the federal government has hinted that efforts are ongoing to partner with China, South Africa and other mining countries to ...
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Economía/Finanzas.- Bankia prevé cerrar la fusión con BMN a finales del último trimestre del año
VALENCIA, 23 (EUROPA PRESS) El consejero delegado de Bankia, José Sevilla, prevé que la fusión de la entidad con Banco Mare Nostrum (BMN) esté cerrada a finales del último trimestre de este año porque todavía el consejo de administración y la junta de accionistas de la entidad tienen ...