Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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N3.1b Fraud: Why I took Over Suswam Trial Again – Justice Mohammed
Justice Ahmed Mohammed of a Federal High Court in Abuja has explained why he took over the criminal charges filed against former Benue State governor, Mr. Gabriel Suswam, and the commissioner of finance in his administration, Mr. Omodachi Okolobia, after he was accused of being bribed by accused persons. Justice. ...
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PM Muscat forecasts 'record levels' for number of migrants crossing Mediterranean
Tens of thousands of people seeking better lives are expected to trek across deserts and board unseaworthy boats in war-torn Libya this year in a desperate effort to reach European shores by way of Italy.More than 181,000 people, most so-called "economic migrants" with little chance of being allowed to stay ...
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Economic summit: Osinbajo leads Nigerian delegation to Davos
Olalekan Adetayo, Abuja Vice-President Yemi Osinbajo on Tuesday left Nigeria as the head of Nigeria’s delegation to the World Economic Forum holding in Davos, Switzerland this week. According to a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, the Nigerian delegation to the summit included ...
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How Saraki funded undeclared foreign accounts – Banker
Ade Adesomoju, Abuja The Head of the Funds Transfer Unit of the Guaranty Trust Bank, Mr. Amazi Nwachuckwu, appeared before the Code of Conduct Tribunal on Tuesday, giving details of how the Senate President, Dr. Bukola Saraki, funded his offshore accounts between 2009 and and 2012. Nwachukwu, who had within ...
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Senate probes non- payment of judges’ salaries
The Senate on Tuesday mandated its joint committee on Judiciary, Human Rights and Legal Matters and Finance to investigate the circumstances surrounding the alleged non- payment of salaries and allowances of federal judges for four months. The mandate followed the observation raised by Senate Deputy Leader, Senator Bala Ibn Na’Allah, ...
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Defence Counsel Stalls Fani-Kayode, Usman, Others’ Trial
The ongoing trial of former Minister of Aviation, Chief Femi Fani-Kayode and a former Minister of Finance, Nenadi Usman before the Federal High Court in Lagos was yesterday stalled due to the non-preparedness of Fani-kayode’s new lawyer, Norrison Quakers ((SAN). The court was forced to adjourn the matter till today ...
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IMF Revises Nigeria’s Growth Projections Upwards
The International Monetary Fund has said it expects Nigeria’s economy to recover in 2016 even as it revised upward the growth projections for the country to 0.8 per cent based on higher oil production as well as likely improved price of crude at the international market. The IMF in its ...
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NSE: Foreign Portfolio Investments Down by N500bn In 11 Months
Foreign Portfolio Investments (FPI) on the Nigerian Stock Exchange (NSE) has shown a decrease of N500.2 billion between January and November 2016 following the tight foreign control policies of the Central Bank of Nigeria (CBN). According to monthly polls trading figures from major custodians and market operators on their FPI ...
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Army’s Frustration, Premium Times’ Sabotage
Two angry letters later, the relationship between the Nigerian Army and online newspaper, Premium Times has taken on some clarity. They have both threatened to take legal actions against each other but the Army’s letter, which came first is the one that gives one concern. Some Nigerians would by now ...
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Dealing With Nigeria’s Worst Enemies
The year 2016 presented us with its peculiar challenges especially in the area of security and the economy. It was the year in which our dear country eventually slipped into recession resulting in grievous social stress for the citizenry; it was also the year in which terrorism in the North-East, ...
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IMF predicts 0.8% growth for Nigeria’s economy
Oyetunji Abioye The International Monetary Fund on Monday said that Nigeria would recover from economic recession this year, projecting that the country’s economy would grow by 0.8 per cent. In its latest World Economic Outlook released on Monday, the IMF said that Nigeria’s Gross Domestic Product would grow by 0.8 ...
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Reps grill Adeosun, Udoma on forex crisis, rising inflation
John Ameh, Abuja Members of the House of Representatives, on Monday, grilled the Minister of Finance, Mrs. Kemi Adeosun, and the Minister of Budget and National Planning, Senator Udoma Udo Udoma, on the free fall of the naira against the US dollar and the rising inflation in the country. Lawmakers ...
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Female Undergraduate Runs Mad After Allegedly Being Beaten By Lover
A final year Business Administration undergraduate of a privately owned University in Oghara (name withheld) in Delta State, on Sunday allegedly ran mad after she was reportedly pummeled by her lover boyfriend. Reports said her roommates (names withheld) screamed for help when the undergraduate who hails from Benin city, Edo ...
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Oil export under-declaration: FG gets leave to amend $245m suit against Total
A Federal High Court on Monday in Lagos granted the Federal Government’s application to amend processes in its suit against Total Nigeria Plc over alleged under-declaration of crude oil exports. The Federal Government had sued Total Nigeria Plc alleging that it under-declared the volume of crude oil it shipped out of ...
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Lagos plans to boost growth with environmental bill
The Lagos State House of Assembly is set to pass a bill which will give direction to the state’s dream of becoming Africa’s greenest city. The bill, among others, is aimed at opening the door to foreign and domestic investors in the management of the environment. It represents a vigorous ...
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New Investors To Float Domestic Airlines In 2017
There are indications that more airlines, especially domestic carriers, may join Nigeria’s aviation industry in 2017. Sources in the nation’s aviation sector told LEADERSHIP that the federal government’s decision to grant forex concession to both local and foreign airlines in the country has been a source of encouragement to operators ...
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CBN Expands ABP To Other Agric Products
When the Anchor Borrowers Programme was launched in 2015, it was focused on improving the local production of rice and reducing the volume of scarce foreign exchange that is expended on the importation of the staple food. In times past, Nigeria has used billions of dollars to import rice, which ...
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2 Islamic Insurance Firms Begin Operation In Nigeria
Two Islamic (Takaful) insurance companies have commenced operations in the country, thus, becoming the first set of fully-fledged Takaful Insurance companies in Nigeria, LEADERSHIP exclusively learnt. The two companies are Jaiz Takaful Insurance Company, with head office in Abuja, and Noor Takaful Insurance Company Plc based in Lagos State. LEADERSHIP ...
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Naira Stability: ABCON Launches Uniform Weekly Exchange Rate For Members
In order to achieve fair pricing and stability for the naira, the Association of Bureaux De Change Operators of Nigeria (ABCON) at a media forum it organised for business editors in Lagos, recently, launched a uniform weekly exchange rate for licensed bureaux de change portal to enforce same-rate for operators. ...
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Employment: Dangote’s $100m, 10,000 Capacity Truck Assembly Plant To Create 3,000 Jobs
Poised to conserve forex and in view of the huge amount spent annually importing thousands of trucks for distributing its products from plants within Nigeria and across the Africa continent, plans are now at advanced stage by the Dangote Group to begin assembly of Chinese heavy duty trucks in Lagos. ...
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2017 Budget: Reps Meet CBN, NNPC, Customs, FIRS Over Funding
The House of Representatives will today hold a meeting with the Central Bank governor, Godwin Emefiele, and chief executives of all revenue generating agencies in the country over the funding of the proposed 2017 budget. The chief executives are billed to interact with the House joint committees on Finance, Appropriation, ...