Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Action now can avert famine in Yemen
Source: UN Office for the Coordination of Humanitarian Affairs Country: YemenThere is still time to avert famine and alleviate the suffering of millions of Yemenis. Stephen O’Brien urged donors to act now, called on parties to conflict for full humanitarian access. (New York, 3 March) At the end of a five-day mission ...
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CBN new forex policy fails to excite foreign investors
Foreign investors are still staying on the sidelines, waiting for the naira to float freely, as the latest foreign exchange policy of the Central Bank of Nigeria has failed to restore confidence, ‘FEMI ASU writes While the nation’s forex market has seen increased liquidity in recent days on the back ...
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FG to recover assets illegally converted to private use
Ifeanyi Onuba, Abuja Worried by the rate at which government assets are illegally converted to private use, the Federal Government on Sunday said it had commenced an asset tracking and management project that would enable it to locate, identify, assess and evaluate all its moveable and immoveable assets. The Minister ...
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Naira may reverse losses this week on dollar injection
Oyetunji Abioye The naira is expected to reverse the losses recorded last week during the week as the Central bank of Nigeria pumps more dollars into the foreign exchange market. According to economic and currency analysts, the local currency may become steady in the coming days after the currency has ...
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Banks get 24hrs for BTA, PTA requests
Banks have up to 24 hours to meet all foreign exchange requests for Personal Travel Allowances (PTA) and Business Travel Allowances (BTA), the Central Bank of Nigeria (CBN) has directed. The maximum volume of BTA approved for sale per customer is $5,000 quarterly. A PTA customer gets $4,000. The CBN ...
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Red peril
•Investing N5bn to import fake tyres, as SON has accused two Chinese, is cynical, mind-boggling and utterly condemnable THE news was sobering: the Standards Organisation of Nigeria (SON) has accused two Chinese, Taolung Shen and Xu Jing Yau, of importing N5 billion worth of fake tyres, from their country, into ...
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Easy visa
•Commendable business strategys, but government should walk the talk THE plan by the Presidential Enabling Business Environment Council (PEBEC) to facilitate ease of doing business is beginning to bear concrete strategies. One of such plans is with regards to the issuance of visa. According to the Minister of Information and ...
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Economic growth uncertain this year — Report
Ife Ogunfuwa Many chief financial officers of business organisations in Nigerian say they are not confident about economic and business growth in 2017 but are optimistic about an improvement in the next two to three years Speaking at a press conference on Friday, a Partner and Head, Audit services, KPMG ...
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Nigeria recorded N63tn cashless transactions in 2016
Ozioma Ubabukoh Nigerians carried out about N63tn worth of transactions on various electronic channels in 2016, SUNDAY PUNCH learnt on Saturday. Statistics showed that the figure was the highest transaction value ever recorded in the nation’s e-payment sector, following the introduction of a cashless economy policy by the Central bank ...
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Ensuring knowledge-led economy through technology
Analysts have repeatedly warned that Nigeria’s oil reserves will, at best, last for another 50 years. This is definitely a warning sign that the future of our dear nation, with a population growth rate that many say is unsustainable, might be bleak if we do not engage in proper planning. ...
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Nigerian banks battling with forex liquidity – Moody’s
BAYO AKINLOYE A global rating body, Moody’s, has said many banks in Nigeria are struggling to handle diminishing foreign currency liquidity. The rating body noted that the reduced foreign currency deposits would increase the monetary institutions’ funding costs. “The reduction in foreign currency deposits is credit negative for Nigerian banks ...
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Nigeria blasts Amnesty International over report
The federal gover-nment has dubbed the 2015/2016 report of Amnesty International (AI) as lacking conformity to standards. This is particularly so on evidence gathering, the Ministry of Foreign Affairs said in a statement by its spokesperson, Mr Clement Aduku. Government wondered why the report failed to condemn the atrocities committed ...
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NASSI committed to SMEs’
The Nigerian Association of Small Scale Industrialists (NASSI) has restated its commitment to the growth and development of small and medium scale enterprises. Giving this charge at the weekend was Mr. Segun Kuti-George, Chairman of NASSI, Lagos Chapter. He spoke at the official launch of the Lagos Island chapter of ...
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The Emerging Face Of Retailing And The Battle Within
The retail market business stands out as an aspect of business that seems not to have been affected by economic recession and contraction of the economy, as chain stores and hypermarkets proliferate to give traditional retailers a run-for-their-money. TAYOOLANIPEKUN, Lagos writes n spite of the economic recession, the retail market ...
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Kaduna Seek Dangote’s Partnership For Infrastructural Development
Kaduna State Governor, Nasiru Ahmad El-Rufai, has revealed that talks are on-going between the State Government and the management of Dangote Group towards developing infrastructure of the state on a partnership level. Speaking yesterday, at the close of 38th Kaduna International Trade Fair, El-rufai extolled the partnership between the Dangote ...
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CBN‘ll Ensure Flexibility On Export Proceeds Policy
The Central Bank of Nigeria (CBN) has said, it would look into ways of giving more flexibility to the policy on utilization of export proceeds. The deputy director, Trade and Exchange Department of the CBN, Olu Vincent made this known at the Guaranty Trust Bank Plc’s 2017 non-oil export workshop ...
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Nigerian Economy: Green Bond To The Rescue
With huge infrastructural gap and inadequate finance, Nigeria is faced with the onerous task of stable economic development in pace with its growing population. In this report, OLUSHOLA BELLO writes that the move to launch Africa’s first-ever climate-related bond by Nigeria may open up another vast opportunity to develop major ...
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Facebook offering digital training to Nigeria’s SMEs
Facebook recently announced plans to “Boost Your Business” through a series of free training sessions designed to help Nigerian small business owners understand how to leverage digital platforms for growth from the 8th of March 2017. According to reports, the Facebook training sessions will be facilitated by trainers led by ...
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Good Managers, Not Restructuring Will Fix Nigeria – Dolapo
Hon EnitanBadruDolapo is representing Lagos island Federal constituency of Lagos State in the House of Representatives. In interview with RUTH CHOJI, the lawmaker speaks on the economy, the state of his party, All Progressives Congress (APC) an the quest for national unity. How worrisome is the state of the economy ...
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Aluko fires Fulham to victory
Nigeria international Sone Aluko was on target as Fulham secured a 3-1 home triumph over Preston North End to continue their Premier League promotion charge on Saturday. The Cottagers – who are yet to lose a league game since their 1-0 defeat to Birmingham City on February 4, were in ...
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Court Grants ERA/FOEN Permission To Sue FG Over Tobacco Taxes, Incentives
A federal high court sitting in Lagos, and presided over by Justice M. Idris, has affirmed that the Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) is within its rights to demand and get a response from the Nigerian Customs Service (NCS) on its request forinformation on tax benefits granted ...