Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
-
Illegal oil export: Court hears FG’s case against Shell May 31
Ramon Oladimeji The Federal High Court in Lagos has fixed May 31, 2017 to hear a suit filed by the Federal Government against a multinational oil company, Shell Western Supply & Trading Ltd, over alleged illegal crude oil exports. The Federal Government accused Shell Western Supply & Trading Ltd of ...
-
Emefiele: monetary, fiscal authorities should align
A close-knit collaboration between the monetary and fiscal authorities will pull the economy on to the path of recovery, Central Bank of Nigeria (CBN) Governor Godwin Emefiele, has said. Emefiele spoke at the Monetary Policy Committee (MPC) retreat at the CBN Headquarters in Abuja. It was attended by Minister of ...
-
Naira to appreciate further as CBN boosts forex sale
The Naira is set to appreciate further this week as the Central Bank of Nigeria (CBN) plans to inject more Foreign Exchange (Forex) into the market to meet the requests of genuine customers. CBN spokesman Isaac Okorafor, gave the assurance yesterday. The News Agency of Nigeria (NAN) reports that the ...
-
Naira Set To Appreciate As CBN Plans More Interventions
The value of the naira is expected to further appreciate this week as the Central Bank of Nigeria says it plans to continue its interventions at the foreign exchange market to boost liquidity. The value of the naira which opened last week at N460 to the dollar had appreciated in ...
-
Monetary, Fiscal Authorities Brainstorm Ahead Of MPC Meeting
Ahead of the Monetary Policy Committee holding today and tomorrow in Abuja, fiscal and monetary authorities at the weekend brainstormed on the way forward for the economy. The MPC retreat, for the first time in recent times, had in attendance a large representation of the fiscal authorities, which is coming ...
-
Dangote Cement: Maintaining Profit Performance
Most of the manufacturing companies in Nigeria are suffering from the multiplier effects of global fall in crude oil prices and foreign exchange rate, with revenues cut short, profits disappearing in some cases and the cost of doing business stifling growth. But the situation seems different for Dangote Cement as ...
-
CBN Loans To Commercial Banks Rise To N9.85trn In 11 Weeks
Loans from the Central Bank of Nigeria (CBN) to commercial banks operating in the country has soared to N9.85 trillion in 11 weeks due to illiquidity in the economy, LEADERSHIP checks have revealed. It was also gathered that the increase in borrowings by the banks may have been triggered by ...
-
A/Ibom To Partner U.S On Strategic Development
Akwa Ibom State government has indicated interest to partner with the United States of America in strategic development particularly in the areas of economy, health, education, technology and capacity building. Governor Emmanuel gave the indication when the United States Ambassador to Nigeria, Mr William Stuart Symington called on him at ...
-
LASG to create opportunities in waste management
Maureen Ihua-Maduenyi The Lagos State Government has said that the newly enacted Environmental Management and Protection Law will provide investment opportunities for residents. The Special Adviser to the Governor on Civic Engagement, Kehinde Joseph, said the law was designed to holistically address the challenges of waste management in the state ...
-
FG to coordinate monetary, fiscal policies for growth
Ifeanyi Onuba, Abuja The Federal Government has begun moves to strengthen the level of coordination between the monetary and fiscal policy instruments in order to return the economy to the path of growth. The Minister of Budget and National Planning, Senator Udo Udoma, stated this at the Monetary Policy Committee’s ...
-
Buhari works from home, says Presidency
Olalekan Adetayo, Abuja The Presidency on Sunday said even when President Muhammadu Buhari was not in his office, he worked from home when most civil servants had closed for work. It said Buhari does not follow official working hours because he was on duty at all times. The Senior Special ...
-
FG to disburse N500bn Paris Club refund this week
Ifeanyi Onuba, Abuja The disbursement of the N500bn London-Paris Club loan refund to states by the Federal Ministry of Finance is to commence next week, investigations have revealed. Top government officials confided in our correspondent that the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank ...
-
Naira to appreciate further as CBN boosts forex sale
The Naira is set to appreciate further in the week as the Central Bank of Nigeria (CBN) plans to inject more Foreign Exchange (Forex) into the market to meet the requests of genuine customers. The spokesman of CBN, Mr Isaac Okorafor, gave the assurance in a statement on Sunday in ...
-
Naira set for further gains – CBN
The Naira is set to appreciate further in the week as the Central Bank of Nigeria plans to inject more Foreign Exchange into the market to meet the requests of genuine customers. The spokesman of CBN, Mr. Isaac Okorafor, gave the assurance in a statement on Sunday in Lagos. The ...
-
Getting Nigeria out of fuel import fraud
Punch Editorial Board Ibe Kachikwu’s recent portrayal of Nigeria’s continued dependence on refined petroleum products imports as a fraud is an acknowledgement of an extant problem that needs to be confronted head-on. But much as the junior minister in the Ministry of Petroleum Resources has spoken spiritedly of the need ...
-
Shehu Sani to APC: Punish El-Rufai for memo on Buhari
Senator Shehu Sani has urged the All Progressives Congress (APC) to penalise Governor Nasir El-Rufai of Kaduna State for allegedly leaking to reporters a memo he wrote to President Muhammadu Buhari. Sani, who is the Vice-Chairman, Senate Committee on Foreign Affairs, called for the punitive measures in a statement in ...
-
‘Lack Of Coordination Killing Export Business In Nigeria
For government to get the export sector right, the exchange rate must be look into, this formed the opinion of the chief executive officer of Simplified Corporate Logistics (SCL), Mr. Nduka Udeh in an interview with OLUSHOLA BELLO. In this era of diversification, in what areas do you think logistics ...
-
Customs Vehicles Duty Verification Policy: Intrigues, Conspiracy
After so much controversy that the vehicle duty verification programme of the Nigeria Customs Service generated, the policy eventually was put on hold. YUSUF BABALOLA writes on the politics and economics of the policy suspension. This is arguably not the best of time for the embattled Comptroller-General of the Nigerian ...
-
Nigeria Loses N600bn Yearly To Importation Of Iron Rods, Others
Unless deliberate policies are formulated to encourage the growth of the steel industry to produce more materials needed in building and construction works, the nation will be losing as much as N600 billion yearly to the importation of such materials, particularly iron rods. The industry which is a key sector ...
-
Acting President Osinbajo Signs Seven Bills Into Law
The Acting President, Yemi Osinbajo, has signed into law Pension Rights of Judges (Amendment) Act, 2017, and six other bills passed by the National Assembly. This is contained in a statement issued on Saturday in Abuja by the Senior Special Assistant to the President on National Assembly Matters (Senate), Ita ...
-
ECONOMY ON FRONT BURNER AS PMB RESUMES after medical VACATION
Penultimate Friday, President MuhammaduBuharireturned to Nigeria after his medical vacation in the United Kingdom. JONATHAN NDA-ISAIAH, in this report, chronicles the president’s activities in the last one week. At exactly 7:41am on Friday March 10, 2017, the Presidential jet landed in Kaduna airport, ending speculations and anxiety about President Muhammadu ...