Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Feed Nigeria To Partner Govt On Food Production
The director general, Feed Nigeria Summit, Mr Richard Mbaram has said that his organisation is partnering the federal government to increase the production of foods – which has not kept pace with demand. Speaking to newsmen yesterday, Mbaram, said there was a need to bring together producers and leading industry ...
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Let Peace Corps Be.
Mama Chinyere not real name, who is a petty trader living at 2 Akankpa Street, Uyo in Akwa Ibom state Nigeria couldn’t hide her joy when news got to her recently that the long awaited Peace Corps bill had been passed into law by both the lower and the upper chamber of ...
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Après les déconvenues commerciales, place à la relance !
Fertial, un nom très court mais la liste de ses déconvenues et de ses rebondissements ne cesse de s’allonger. Mais, sur le pied de guerre, la toute fraîche équipe dirigeante du fleuron de l’industrie nationale des fertilisants entend bien éradiquer tout ce qui risque de peser sur le challenge qu’elle s’est ...
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Business registration now 60 days — CAC
Olalekan Adetayo, Abuja The Corporate Affairs Commission has consolidated the forms required to incorporate a business in Nigeria. It has, therefore, reduced the number of the forms from seven to one. A statement on Sunday by the Enabling Business Environment Secretariat quoted the Special Adviser to the Commission’s Registrar General, ...
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S’African minister’s comments on xenophobic attacks reprehensible —FG
Adelani Adepegba and Ramon Oladimeji The Senior Special Assistant to the President on Foreign Affairs and Diaspora Matters, Mrs. Abike Dabiri-Erewa, has called on the South African Government to educate its citizens on the contributions of Nigeria to the former apartheid enclave. She noted that Nigeria and South Africa had ...
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Experts predict further gain as naira hits 445/dollar
Oyetunji Abioye the naira rose to 445 against the United States dollar at the parallel market on Sunday, one week after the Central Bank of Nigeria introduced a new policy measure aimed at boosting foreign exchange supply in the market. The local currency, which had tumbled to 520/dollar last Monday, ...
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16 banks fund $220m with N72b at Forex forwards
With N72 billion, 16 banks funded $220 million Central Bank of Nigeria (CBN) allocations under the Forex Forwards policy meant to stabilise the naira, it was learnt yesterday. Banks are calling for bids from retail end-users in preparation for the business travel allowances, school fees and medical bills auction. The ...
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SON seals N5b sub-standard tyres warehouse in Lagos
•Two Chinese arrested Two Chinese are to be prosecuted for their involvement in the importation of fake and substandard tyres worth N5 billion into the country MessrsTaolung Shen and Xu Jing Yao were arrested and their company Sino Nigeria Import and Export Limited’s warehouse in Lagos sealed by the Standards ...
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Fed Govt eyes private capital, boosts spending on infrastructure
The Federal Government aims to raise the proportion of the government spending on infrastructure to 30 percent from 10 percent and to mobilise private capital for additional funding, Finance Minister Mrs Kemi Adeosun said at the weekend. The government plans to spend N7.29 trillion in the year, up from N6.06 ...
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Forex: CBN Disburses $221.37m For BTA, School Fees, Others
The Central Bank of Nigeria, CBN, says it has sold $221.37 million to 16 banks through the interbank foreign exchange (forex) market. The apex bank disclosed this in its Forex Forward Sales Report on the second wholesale intervention, obtained by the News Agency of Nigeria on Sunday in Abuja. It ...
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2 Chinese In Police Net Over N5bn Substandard Tyre Stuffing Deal
Two Chinese nationals, Taolung Shen and Xu Jing Yau are now telling the police in Lagos all they know about the over N5bn substandard tyre stuffing business which they had been doing in Lagos, Nigeria The two were paraded before reporters at the weekend following their arrest, and the sealing ...
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Lagos Trains 400 Butchers On Pollution In Abattoir
As part of efforts aimed at ensuring and maintaining a hygienic and conducive environment within abattoirs and wholesomeness in the sales of red meat in the state, Lagos State government has trained no fewer than 400 butchers and live cattle dealers drawn from various abattoirs and slaughter slabs in the ...
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Forex intervention: CBN disburses $221.37m for BTA, school fees
The Central Bank of Nigeria says it has sold 221.37 million dollars to 16 banks through the interbank foreign exchange market. The apex bank disclosed this in its Forex Forward Sales Report on the second wholesale intervention, obtained by the News Agency of Nigeria on Sunday in Abuja. It said ...
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SEC seals up Yuan Dong over alleged Ponzi operations
Securities and Exchange Commission says it has sealed up the premises of Yuan Dong for unacceptable investment operations in the country. The Head, Corporate Communication of SEC, Mr Naif Abdussalam, in a statement on Sunday in Abuja, said the closure was to end unlawful activities of the company against unsuspecting ...
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Road maintenance: Experts consider toll gate, other funding options
The poor state of roads in Nigeria has been a concern to many due to its negative impact on the nation’s economy. Stakeholders look at the issue and solutions are proffered, in this report by. OKECHUKWU NNODIM The prolonged years of neglect of Nigerian roads have made most of the ...
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People need to insure more during recession — DG CIIN
The Director-General, Chartered Insurance Institute of Nigeria, Mr. Richard Borokini, speaks with NIKE POPOOLA on the need for insurers to invest more in human capital development, among other issues Why are issuers of fake insurance certificates still thriving in the country despite the efforts of regulators and professional groups? They ...
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Recession has beat down auto shows —Aina-Scott
The founder of the Nigeria Auto Awards and publisher of On Wheels magazine, Mr. Jabez Aina-Scott, shares his marketing experience with TOBI AWORINDE Why was it important for you to launch an awards platform for the auto industry? We did not start with the awards. We came out originally as ...
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If they can refine on the run
Minabere Ibelema One of Nigeria’s enduring anomalies is that it is a major importer of petrol even as it is a major exporter of crude oil. And despite the import, shortage of petrol remains a constant in Nigerians’ lives. The standard explanation for the shortage is that the official refineries ...
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Cleric calls for entrepreneurial schools to boost economy
Ogbonnaya Ikokwu An American clergy woman, Bishop Ebony Kirkland, has urged local churches in Nigeria to help reduce unemployment in the country by establishing entrepreneurial schools in local communities. Kirkland, in an interview with SUNDAY PUNCH in Umuahia, Abia State, said that owing to the high rate of unemployment in ...
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Vehicles import ban: It’s business as usual
Mixed reactions have continued to trail the ban on the importation of vehicles through the land borders almost four weeks into the implementation of the new policy regime which many have argued is misplaced. Ibrahim Apekhade Yusuf and Ernest Nwokolo in this report examine the contending issues Some policies of ...
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Expert makes case for credit economy
At a time the country is caught in the mire of cash crunch with its attendant consequences, Prof. Chris Onalo, a credit economist hold the view and very strongly too that the country needs to adopt credit, which is a more practical approach to economic management. This paradigm shift becomes ...