Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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There’s bound to be corruption in foreign exchange – Osinbajo
Olalekan Adetayo, Abuja Vice-President Yemi Osinbajo on Thursday said it was impossible for corruption not to exist in the nation’s foreign exchange as it is currently structured. He also said there were ongoing discussions on how to reduce interest rates. According to a statement by his Senior Special Assistant on ...
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Nigeria: U.S, EU Countries to Participate in Kaduna Investment Summit
[Guardian] To boost the Kaduna State economy, the United States of America, European Union, foreign and other local investors within and outside Nigeria have expressed interest in the 2017 edition of the Kaduna Investment Summit, tagged, Kadinvest 2.0.
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Senators attack Ali, AGF
‘Customs CG unfit, should resign’ Falana lashes Senate Senators yesterday told Customs chief Col. Hameed Ali to resign. The upper chamber declared the Customs Comptroller-General unfit to hold public office. The lawmakers resolved to ask Col. Ali to immediately throw in the towel in the interest of good governance and ...
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Boko Haram, others: DSS arrests suspects in Ekiti, Bauchi
THE Department of State Services (DSS) has dismantled Boko Haram’s aggressive fundraising operations to finance its plans through kidnapping, armed robbery and gun-running. In a statement issued in Abuja yesterday, the DSS said it was questioning two suspects, Ibrahim Sule and Bello Shehu, who were arrested on March 13, at Nasarawa ...
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Nigerian banks’ll continue to face challenges –Fitch
’Femi Asu Global ratings agency, Fitch Ratings, has said Nigerian banks will continue to face challenges this year, following the extreme difficulties of 2016.. In a statement on Wednesday, it noted that banks faced multiple threats from the operating environment in 2016, including Nigeria sliding into recession, the economy continuing ...
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Promotion: Lagos replaces exam with training
Sesan Olufowobi The Acting Lagos State Head of Service, Mrs. Folasade Adesoye, has said the introduction of the ‘Structured Training Programme’ to replace written examination for staff appraisal will enthrone merit in workers’ assessment and promotion. Adesoye, who spoke at the briefing of eligible officers for 2017 promotion, which is ...
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External reserves drop for first time since December
’Femi Asu The nation’s foreign exchange reserves, which had increased significantly in recent months to hit the $30bn mark, fell for the first time this year on Tuesday. Latest data from the Central Bank of Nigeria showed on Wednesday that the external reserves dropped to $30.349bn on Tuesday from $30.352bn ...
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Naira gains N20 against dollar
The naira appreciated significantly against the dollar on Wednesday to trade at N410 to the dollar, the News Agency of Nigeria (NAN) reports. The local currency gained 20 naira to exchange at N410 to the dollar from N430 posted on Tuesday. It also firmed against the pound sterling and the ...
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Black market operators lose as naira trades at N400/dollar
Following the Central Bank of Nigeria’s intervention in foreign exchange, the Naira traded N400 to a dollar at the black market on Wednesday in Abuja. The Naira has also appreciated against the Pound Sterling and Euro rate as it traded at N510 and N415 respectively. One of the Bureau de ...
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Senate summons Emefiele over intervention fund
The Senate yesterday summoned the Central Bank of Nigeria( CBN) Governor, Mr Godwin Emefiele over Federal Government’s intervention funds designed to get the economy out of recession. The lawmakers wanted to know the progress so far made in the implementation of the programme. The upper chamber asked the apex bank ...
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Senate angry as Customs chief Ali shuns invitation
‘I won’t appear because of order’ Court can’t stop us, says Senate Customs chief Hameed Ali will not appear before the Senate today. Senators have been insisting that the Comptroller-General should appear “in uniform” to explain the planned enforcement of duty collection on old vehicles. Col. Ali told reporters in ...
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Why Nigerians Must Patronize Homemade Products – Mills
Modupe Mills, a dermatologist, is the chief executive officer and inventor of Momil Essential skin products. In this interview with newsmen at the just concluded 38th Kaduna International Trade Fair, she stress the need for Nigerians to patronize locally made products. Msue Aza was there for LEADERSHIP What is Momil ...
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. . . As Presidency Says PMB Will Take Nigeria To Promised Land
President Muhammadu Buhari is fulfilling his campaign promises to Nigerians, particularly in stimulating the economy for job creation, anti-corruption campaign and security of lives and property. Addressing a delegation of Northern Youths Initiative for Peace and Good Governance yesterday in Abuja, the Special Adviser to the President (Media and Publicity), ...
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Nigeria Moving Out Of Economic Recession – Report
A report released by World Economics, a financial analysis organisation, yesterday says Nigeria is on its way out of recession. The reports titled: Sales Managers’ Index (SMI), released Tuesday said, “The data suggests that the Nigerian economy has started growing out of the recession which saw 10 months of consecutive ...
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Popular Kaduna Market Where Operating Business In Shops Is ‘Forbidden’
Kasuwar Monday is a business place in Kaduna which serves as a major trade base for foodstuff and other goods. MIDAT JOSEPH writes that rather than operate business in shops and stalls, buying and selling of items in the market is basically done on the bare dusty floor which has ...
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Promotion Arrears: Labour Spoils For War With FG
Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) yesterday said it has concluded plans to shut down activities of Ministries, Departments, and Agencies (MDAs) at the federal level if the government does not takes urgent steps to pay promotion arrears. The ASCSN Secretary-General, Comrade ...
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Impunity Of Taiwan Trade Office And Trial Of Nigeria Foreign Policy
Since about three months, when Nigeria’s foreign minister Geoffrey Onyema, unequivocally declared that “Taiwan will not have any diplomatic representation in Nigeria”, and pointedly urged the Taiwan trade office in Abuja to move to Lagos and “function as a trade mission with a skeletal staff”, the Taiwan trade office has ...
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CBN optimistic of rates convergence at FOREX market– Emefiele
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) says the apex bank is determined to see the convergence of rates at the foreign exchange market. Emefiele said this while fielding questions from newsmen at the end of the Monetary Policy Committee (MPC) meeting of the CBN in ...
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Estate manager arraigned for foreign exchange fraud
The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a Real Estate manager, Mr. Oluwafunmilayo Samuel Ademosu, over alleged N62 million foreign exchange fraud and issuance of dud cheque. Ademosu was arraigned alongside his company, H. T. Real Estate Limited, before Justice Josephine Oyefeso of a Lagos State High ...
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Customs announces code number for vehicle duty clearance verification
The Comptroller-General of Customs, retired Col. Hameed Ali, on Tuesday announced a code number for efficient and effective vehicle duty clearance verification. Ali disclosed this at a media stakeholders meeting in Abuja. Ali said that the essence of the meeting was to have a roundtable with stakeholders to come up ...
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Buhari will take Nigeria to promised land – Adesina
The Special Adviser to the President on Media and Publicity, Femi Adesina, on Tuesday said President Muhammadu Buhari is fulfilling his campaign promises to Nigerians, particularly in stimulating the economy for job creation, anti-corruption campaign and security of lives and property. He made the remark while receiving a delegation of ...