Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Adeboye predicts better fortune for Nigeria
General Overseer of the Redemmed Christian Church of God (RCCG) Pastor Enoch Adejare Adeboye, has predicted that the downward trend of Nigeria’s economy will be halted this year, adding that a reversal will begin. Giving his prediction during the night service before thousands of worshippers at the Redeemed Camp on ...
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Kano businessman abducted in Okene
Ted Odogwu, Kano A Kano-based business tycoon, identified as Alhaji Ismaila Zubairu is feared to have been kidnapped by unknown persons in Okene, Kogi State, during a business trip. Family sources said the incident occurred on Friday at about 8.15pm in Okengwe on the Okene -Akure highway, where he disappeared ...
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Financial market watch for the week ended December 30, 2016
Local economy news According to statistics from the Central Bank of Nigeria, the apex bank spent $4bn from the nation’s external reserves to defend the local currency in 12 months, despite the staggering crash in the value of the naira against the United States dollar and other major foreign currencies ...
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Tension as marketing institute ‘rightsizes’
The plan by the National Institute of Marketing of Nigeria (NIMN’s) council led by Tony Agenmonmen to reposition the institute by sacking workers en masse and recruiting fresh hands is causing disaffection among members of staff, reports ADEDEJI ADEMIGBUJI. WHEN a former Senior Strat-egy Manager at Nigerian Breweries Plc Tony Agenmonmen ...
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For real sector, an unreal year
For the real sector, 2016 has been a challenging year–no thanks to low oil prices, dearth of public infrastructure and dwindling Foreign Direct Investment (FDI), among others. But, according to experts, with a stable macro-economic environment and improvement in public infrastructure, the sector will get the economy out of recession. ...
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Festival Mall boosts economic activity in host community
The management of Festival Mall, Amuwo Odofin, on the outskirts of Lagos has taken steps to boost the economy of its host community. The mall has also, in the spirit of the season, hosted children of Life Changers Orphanage to a day of fun. The mall, renowned for its pleasant ...
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Assessing Etisalat’s lifeline To SMEs
In keeping faith with the move to re-invent the growth and development of small and medium enterprises, Nigeria’s telco giant, Etisalat, is providing lifeline for small business. In this report, ONYEDIKA ONYEANUNA explores the telco giant’s move to boost SMEs. To say that Small and Medium Scale Enterprises (SMEs) are ...
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Public service is hard work, not about seeking glory –Kemi Adeosun
Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, talks about her office, career and family life in this candid interview Of recent, you’ve sounded upbeat about our economic prospects despite the recession, why do you think Nigerians should share your optimism? I am unapologetically optimistic about Nigeria, despite our very real ...
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Topmost global rating body: Nigeria’s economy will improve 2017
Bayo Akinloye ONE of the world’s leading credit rating agencies, Moody’s, has cheerful news for Nigerians in 2017. It says the country’s economy and her dollar earnings are expected to improve in the new year. The US-based top rating firm’s Vice President and Lead Analyst for Nigeria, Lucie Villa, told ...
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How Obasanjo tried to humiliate Mike Adenuga, by Awujale
The paramount ruler of Ijebuland,Oba Sikiru Kayode Adetona has sensationally revealed how former President Olusegun Obasanjo tried to rope in business mogul,Otunba Mike Adenuga in for corruption in 2006. The case in question was the botched attempt to arrest Adenuga by security operatives that year. The incident forced the multi-billionaire ...
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Katsina Govt Partners CBN, Unveils Marshal Plan For Rice Production
...Unfolds restoration agenda for agricultural sector Katsina State Government has keyed into the Central Bank of Nigeria (CBN) Anchor Borrower Programme (ABP) for rice production in dry season highlighting the state Marshal plan to tackle challenges currently facing the agricultural sector, including its vision for adequate rice for local consumption ...
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Job creation falls 60.6 per cent in one year
Ifeanyi Onuba, Abuja The total number of fresh jobs created in the Nigerian economy declined by 287,954 jobs or 60.6 per cent from 475,180 jobs in the third quarter of last year to 187,226 in the third quarter of this year, figures released by the National Bureau of Statistics have ...
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Recession: Things will get better in 2017, says Saraki
Leke Baiyewu, Abuja President of the Senate, Senator Bukola Saraki, has congratulated Nigerians for witnessing the New Year in spite of the hard times. He called for collective efforts to end the current economic recession and grow Nigeria’s economy. Saraki, in a statement by his Special Adviser on Media and ...
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Buhari, Saraki meet in Aso Rock
President Muhammadu Buhari and Senate President Bukola Saraki met at the Presidential Villa, Abuja yesterday. The meeting, which was termed private, held at the President’s office. Speaking with State House correspondents after the jumaat prayer, Saraki said the economy of the country will mainly engage the attention of the legislature ...
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Buhari signs Endangered Species Bill into law
President Muhammadu Buhari yesterday assented the Endangered Species (Control of International Trade and Traffic) Amendment Act 2016. The amendment bill was passed and forwarded to the President by the National Assembly. Speaking with State House correspondents at the end of the ceremony, the Senior Special Assistant on National Assembly Matters ...
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Buhari signs 17 bills into law in two months
Olalekan Adetayo, Abuja President Muhammadu Buhari on Friday signed the Endangered Species (Control of International Trade and Traffic) Amendment Act 2016 into law. The Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang, confirmed this to State House correspondents. Enang said the bill was one of ...
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National Assembly’ll focus on economy in 2017, says Saraki
Olalekan Adetayo, Abuja The President of the Senate, Bukola Saraki, on Friday said the National Assembly would in 2017 focus on the nation’s economy which is currently in recession. He said since the economy has remained a major issue for the country, federal lawmakers would ensure that some of the ...
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NDLEA arrests 234 drug suspects in Kogi
The National Drug Law Enforcement Agency (NDLEA) in Kogi has arrested 234 suspects, including 10 females, for drug-related offences between January and December this year. The agency’s commander in the state, Alhaji Idris Bello, stated this in a statement on Friday. Bello disclosed that the agency seized 7,550.844 kilogrammes of ...
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CBN sells $1bn to clear backlog of forex demand
Oyetunji Abioye with agency report The Central Bank of Nigeria has sold about $1bn on the forward market to clear a backlog of dollar obligations in selected sectors, according to foreign exchange traders. The traders said on Thursday that the dollar sale was made last week. They described it as ...
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FG’ll make key festivals attractive to tourists – Minister
Olusola Fabiyi, Abuja The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is working with the private sector to make major festivals in the country attractive to domestic and foreign tourists. A statement by his aide, Mr. Segun Adeyemi, in Abuja on Thursday, said that ...
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How wrong policies threw economy into recession
It is a tale of hunger, anguish, mass job losses, low purchasing power, factory closures and bankruptcy as Nigeria battles with its arguably worst ever recession. OYETUNJI ABIOYE examines major economic policy timelines and reports that the gruelling recession was avoidable Mr. Shola Adekunle was living a good life until ...