Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
-
Oil And Gas: Nigeria Targets $10bn Investments In 5 Years
Oil production hits 2.1mbpd The federal government has said it is targeting an investment of $10 billion every year on infrastructure for the next five years in the nation’s oil and gas industry. This, it pointed out, is to enable it achieve the country’s new crude oil production ...
-
Governors, Bill Gates Foundation Partner To Improve States’ IGR
The Nigeria Governors’ Forum (NGF) and the Bill and Melinda Gates Foundation (BMGF) yesterday took a reflective review of their involvement together in programs within Nigeria towards seeking ways of improving their programs and their impact on the Nigerian people. In a statement by the Head, media & public affairs ...
-
Ban on okada, keke will affect Nigeria’s economy – Amaechi
The Minister of Transportation, Rotimi Amaechi, has said that motorcycles and tricycles should not be banned nationwide because doing so would affect the nation’s economy negatively. Amaechi said this on Tuesday in Abuja at the celebration of the national day of Amalgamated Commercial Tricycle and Motorcycle Owners, Repairers and Riders ...
-
Local debts killing economy, Senate tells FG
Leke Baiyewu, Abuja The Senate, on Tuesday, asked the Federal Government to settle all its debts to local contractors in the interest of Nigeria’s economy. The upper chamber of the National Assembly, specifically, “Urge the Federal Government to appraise its indebtedness to the local contractors; and urge the Federal Government ...
-
Emulate late Justice Eso, Oguntade tells judges
A retired Justice of the Supreme Court, George Oguntade, in Lagos on Tuesday urged serving judges and justices to remain steadfast and show mastery of the law amid the turbulent times pervading the nation’s judiciary. Oguntade spoke at a launch and public presentation of a book in honour of the ...
-
Man jailed in Ekiti for possession of Indian hemp
A Federal High Court sitting in Ado-Ekiti on Tuesday slammed a one-year prison sentence on one Michael Joel for illegal possession of Cannabis sativa otherwise known as Indian hemp. Joel, 25, was arraigned by the National Drug Law Enforcement Agency (NDLEA) after he was arrested on September 15 at Atikankan ...
-
Poorer countries host most of the world's forcibly displaced
Source: UN High Commissioner for Refugees Country: Afghanistan, Burundi, Central African Republic, Chad, Democratic Republic of the Congo, Egypt, Eritrea, Ethiopia, Germany, Iran (Islamic Republic of), Iraq, Jordan, Kenya, Lebanon, Nigeria, Pakistan, Somalia, South Sudan, Sudan, Syrian Arab Republic, Turkey, Uganda, Ukraine, World, YemenMost of the 3.2 million people who were ...
-
CBN pumps fresh $180m into forex market
Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Monday increased the liquidity in the foreign exchange market by releasing additional $180m for settlement of various transactions. This was confirmed by the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor. He said while the sum of $100m was released ...
-
LASG to crush 4,000 motorcycles
Sesan Olufowobi The Lagos State Government on Monday said it had concluded plans to crush and recycle over 4,000 impounded commercial motorcycles, popularly called okada. The state Commissioner of Police, Fatai Owoseni, who stated this in Ikeja, added that the action was in line with the provisions of the Lagos ...
-
WTO’s trade agreement will boost exports – Awolowo
Ifeanyi Onuba, Abuja The coming into force of the World Trade Organisation’s Trade Facilitation Agreement last week will increase the volume of export of non-oil products from Nigeria to other countries, the Executive Director/Chief Executive, Nigerian Export Promotion Council, Mr. Segun Awolowo, has said. Awolowo stated this on Monday in ...
-
NACCIMA to promote trade, investment with N1.5bn centre
Ifeanyi Onuba, Abuja The Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture has commenced the construction of a N1.5bn centre that will help it to facilitate trade, investment and promotion of the Micro, Small and Medium Enterprise sector of the economy. The centre, which is expected to be ...
-
Naira trades flat, set for further gain
Oyetunji Abioye The naira closed flat at 445 against the United States dollar at the parallel market on Monday as the foreign exchange market awaits the further release of the greenback by the Central Bank of Nigeria. The CBN has sold additional $180m into the market this week, barely one ...
-
Naira gains more as CBN pumps in $180m
In less than one week, the naira has gained over N85 against the dollar – thanks to the increased liquidity in the foreign exchange market. The currency exchanged for N430 to the greenback yesterday at the parallel market. It was N460 to the dollar at the weekend. The Central Bank ...
-
PDP crisis: Makarfi warns of breakdown of law and order
The blame game continued yesterday in the troubled Peoples Democratic Party (PDP). A faction of the main opposition blamed the reopening of its national secretariat for Chairman Ali Modu Sheriff on the police, which it accused of taking sides. Besides, the party accused the ruling All Progressives Congress (APC) of ...
-
Lagos to crush, recycle 4000 seized Okada
•Bikes may be banned in Lekki, VI Over 4000 commercial motorcycles seized for flouting the Lagos State Traffic Law 2012 will be crushed and recycled, Police Commissioner, Fatia Owoseni said yesterday. The law prohibits Okada and tricycles also known as Keke Marwa from operating in at least 495 of the ...
-
Dollar To Crash Further As CBN Pumps Additional $180m To Banks
It became clearer in the forex market yesterday that Nigeria’s local currency, the naira, may be on a permanent journey back to its former value, put at less than N300 to the dollar. This is coming just as the Central Bank of Nigeria (CBN) has released fresh $180 million into ...
-
Economic Performance Of Every Nation Pointer To It’s Dev’t Strides – NSA
The National Security Adviser (NSA) Federal Republic of Nigeria Major General BM Monguno (Rtd) has said that the economic performance of every nation is a major pointer to its development stride. General Monguno stated this in his keynote address at an international conference on Defence, Security, Economy and Development in ...
-
Forex: Dollar To Crash Again As CBN Floods Market With Fresh $180m
In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m into the wholesale forwards segment of the market and pumped an additional $80m into the banks specifically for the settlement of dollar demand for school fees, ...
-
Xenophobic Attack: Recall High Commissioner To South Africa, TUC Tells FG
The Trade Union Congress of Nigeria has expressed serious concern over the ongoing xenophobic attacks against foreigners in South Africa and called for the immediate recall of the country’s High Commissioner to the country.This was contained in a statement signed by the President General of TUC, Comrade Bobboi Bala Kaigama ...
-
How Telecom Investments Is Driving Nigeria’s e-Commerce Growth
Nigeria’s e-commerce sector is escalating with thousands of websites offering consumers alternative choices. Instead of walking down to mammy markets, shops, supermarket or shopping malls, consumers can in the comfort of their rooms use laptops or mobile handsets and make purchases from e-commerce sites with the goods delivered at their ...
-
NEPAD to invest €38m in youth empowerment in Nigeria, others
New Partnership for Africa Development says it will invest €38m in youth empowerment in five African countries in three years. The Director NEPAD Continental, Estherine Fotabong, disclosed this during a courtesy visit to the Secretary to the Government of the Federation on Monday in Abuja. She said that the project ...