Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Insurers To Increase Vehicle Rates, Target N16bn Premium
With the double digit inflation and naira devaluation affecting the prices of goods and services across the country, the owners of the 16 million vehicles plying Nigeria’s roads will have to pay N16 billion more to either purchase or renew their third party motor insurance policies in the current year, ...
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Why Nigerians will become poorer with rising oil prices
Henry Boyo Crude oil price has steadily increased beyond $50/barrel after OPEC agreed to cut output by about 1.2 million barrels/day in November 2016. Nigeria’s export revenue prospects will consequently be boosted, if this price trend is sustained, particularly if restiveness is minimised in the Niger Delta. However, much against ...
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Leveraging the oil price rally
A thin ray of light has pierced Nigeria’s gloomy skies. International crude oil prices held steady above the $55 per barrel threshold on Friday while, two days before, the World Bank reaffirmed its forecast of a return to positive growth for Africa’s largest economy. The prospects present two classic challenges: ...
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Cocoa exporters lament non-implementation of N550bn export fund
Peter Dada Cocoa exporters under the auspices of Cocoa Exporters Association of Nigeria have appealed to the Central Bank of Nigeria and the Nigerian Export-Import Bank to implement the N550bn export fund to enable commercial banks to grant importers loans at a single-digit interest rate. The CBN and NEXIM had ...
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Super rich churches that do business must pay tax –Ahmad
The Chief Missioner Ansar-ud-Deen Nigeria, Sheikh Abdur-Rahman Ahmad, in this interview with BAYO AKINLOYE says religious leaders in churches and mosques are answerable to God and the government Do you think the regulations of the Financial Reporting Council are specifically targeted at churches? I think nothing can be farther from ...
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Capital, not most important in business –Adeh
The Creative Manager, Joyalty Unisex Fashion, Ms. Joy Adeh, 30, speaks on her business management techniques in this interview with IFE OGUNFUWA What is your educational background? I am a student of the National Open University of Nigeria, pursuing a Bachelor’s degree in criminology and security studies. What do you ...
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Stock Market Investors Record N604bn Loss In 2016
Stock market analysts have revealed that the uncertainty around foreign exchange (FX) availability and the country’s general monetary policies coupled with some tough fiscal policies in 2016 aggregated to ensure a huge loss of N604 billion by investors in the Nigeria’s capital market. The sector analysts also revealed that the ...
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Ascenso de Trump podría tener efectos comerciales en Panamá
Para el excanciller José Miguel Alemán, Panamá tiene una buena sinergia con las inversiones de México y las inversiones de Colombia y “si México no está bien, afecta lo que se llama Mesoamérica que es desde México hasta Panamá”.
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Government has no business deciding who runs a church –Asake, CAN General Secretary
In this interview, the General Secretary of the Christian Association of Nigeria, Revd. Musa Asake, speaks with GBENRO ADEOYE about the reason why the church rejected the controversial Corporate Governance Code of the Financial Reporting Council of Nigeria What is the position of the Christian Association of Nigeria on the ...
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Terrorism, arms proliferation hinder African development – Buhari
Olalekan Adetayo, Abuja President Muhammadu Buhari on Saturday identified terrorism, maritime insecurity and illicit financial flows as some of the factors inhibiting development in African countries. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke at the 27th Africa-France Summit for ...
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Nigeria, China trade reached $9.5bn in 2016 – Envoy
Trade between Nigeria and China stood at $9.5 billion in 2016, according to the Economic and Commercial Counsellor of the Chinese Embassy, Mr. Zhao Linxiang. Linxiang gave the figure at a dinner for participants of different training courses in China on Friday night in Abuja, the News Agency of Nigeria ...
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Jathropha Farmers To Benefit From Proposed N4bn Foreign Investment In Nigeria
Senator Mamman Abubakar Danmusa, trustee of Jathropha International Merchants and Dealers Association in Nigeria, has said the association has started preliminary operations to access part of the $4 billion which multinational companies in Malaysia promised to invest in Nigeria. Speaking at the launch of the association in Walin Hausa Centre ...
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Bilateral Trade: Ambode Meets British, German Envoys
Lagos State Governor, Mr. Akinwunmi Ambode yesterday said the vision of his administration to create a more prosperous and safer Lagos and transform the State into the hub of commerce and tourism in Africa remained on course and all efforts would be geared towards achieving the desired result. Governor Ambode, ...
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Tourism Moribund In Nigeria
As Nigeria looks to diversify its economy in this recessive period, the Federal Government should consider investing in tourism not only as an income generator, but an image maker for the country that is not truly known globally. BUKOLA OGUNSINA writes. Nigeria’s tourism sector is yet to carve its niche ...
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Kidnapping: Lagos Farmers Abandon N20bn Investments
Efforts being made to take the country back to agriculture as a driver of the country’s economic resurgence has suffered setback in Lagos, South-West Nigeria, due to activities of kidnappers. LEADERSHIP Weekend gathered that the dare devil kidnappers are on rampage in the state and their major targets are the ...
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Workers oppose N309bn bond for power firms
Ife Ogunfuwa Workers under the aegis of Senior Staff Association of Electricity and Allied Companies have urged the Federal Government to shelve its plan to issue a N309bn bond to finance the power sector. The President of the association, Chris Okonkwo, while addressing journalists in Lagos on Friday, asked the ...
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IMF links Nigeria’s economic woes to poor management
Niyi Odebode and Everest Amaefule The International Monetary Fund has said that efforts to save the naira by rationing foreign exchange have failed. The IMF stated this in its policy paper on macroeconomic developments and prospects in low-income developing countries on Thursday. The fund attributed economic failures in the country ...
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Nigeria’s sex toy market booms in recession …as more people turn to ‘Jessica Rabbit’ for pleasure
Kunle Falayi and Ademola Olonilua In the midst of the biting economic crisis facing many Nigerians, forcing many to go as far as committing suicide, a sub-sector of the Nigerian economy is booming bringing smile to the faces of people lacking sexual fulfilment – married and singles alike. This is ...
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Occupy CBN Protest Flops
The attempt on Friday by a group to stage a protest against the foreign exchange policies of the Central Bank of Nigeria failed as the group led by Deji Adeyanju, could not muster enough public support. The group which had earlier been described by the CBN as “paid hirelings and ...
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NTDC, FTAN Chart Way Forward On Tourism Development In Nigeria
Again, hope has risen for the development and promotion of the Nigerian tourism industry, as the Nigerian Tourism Development Corporation (NTDC) and the Federation of Tourism Associations of Nigeria (FTAN) collaborating efforts to overhaul the industry and make the country benefit the goodies of the money-spinning industry. The Acting NTDC ...
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Ambode Harps On Bilateral Trade With Britain, Germany
Lagos State Governor, Mr. Akinwunmi Ambode on Friday met with the British and German envoys, saying the country must uphold existing relationships and increase bilateral trade arrangements with both countries to revamp its economy. Ambode, who spoke at Lagos House in Ikeja when he received on courtesy visit the British ...