Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Why China remains Nigeria’s friend
Zhou Pingjian “Investors from all over the world are falling over themselves to come and do business in Nigeria”, said President Muhammadu Buhari in his recent National Day address to Nigerians. I know this to be true. Since my arrival in Abuja last month as China’s new Ambassador to Nigeria, ...
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Access to proceeds: No respite yet for exporters
The excitement of non-oil exporters over the Central Bank of Nigeria’s June policy, which liberalised the foreign exchange market and gave them unfettered access to their proceeds, was short-lived when they realised that the access came with more challenges, writes ANNA OKON The atmosphere is tense in the non-oil export ...
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Eight months of Forcados shutdown cost Nigeria N689bn
’Femi Asu The country has lost at least N689bn to the suspension of exports of Forcados, one of the nation’s largest crude oil grades, since February. Friday, October 21, 2016 marked exactly eight months that Shell declared force majeure on the export of Forcados. The force majeure, a legal clause ...
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Ebonyi bans consumption of foreign rice
Ebonyi State has banned consumption of foreign rice at public functions to pave way for the full return of the popular Abakaliki rice. Governor David Umahi, who stated this after inspection of Iboko and Ikwo rice mill clusters, said he had directed persons who cook for the state government to ...
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‘Banks not willing to finance solid minerals’
Mr. Ayedun Fasina is the Managing Director/CEO, Multiverse Mining & Exploration Plc, the only mining company listed on the Nigeria Stock Exchange. In this interview with Ibrahim Apekhade Yusuf he speaks on the prospects and challenges peculiar to the extractive industry. Excerpts: Can you take us through a brief history ...
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Nigeria: Amaechi, Stakeholders Decry Neglect Automotive Policy
[Guardian] Abuja -Minister of Transportation, Rotimi Chibuike Amaechi has expressed concern over the continuing neglect of the country's automotive policy by Nigerians, saying that preference for used cars popularly known as Tokunbo is killing the economy.
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Brazil-based hairstylist arrested with cocaine inside brassiere
Officials of the National Drug Law Enforcement Agency, NDLEA, attached to the Murtala Muhammed International Airport, MMIA, Lagos said it has arrested a Nigerian based in Brazil for drug trafficking at the airport. NDLEA said that the suspect planted cocaine in her brassier from Brazil in an attempt to avoid detection. A statement by the spokesman of ...
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Nigeria to issue $1bn Eurobond before year-end
Stanley Opara with agency report The Federal Government is optimistic of selling a Eurobond worth around $1bn before the end of the year and is about to appoint managers for the transaction, according to the Minister of Finance, Mrs. Kemi Adeosun. The Eurobond is part of the country’s plans to ...
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MTN says it didn’t breach funds transfer rules
Ozioma Ubabukoh MTN Nigeria said on Friday that it did not breach the country’s funds transfer rules and did not pay dividends until it obtained regulatory approvals to send money out of the country. The company stated this in reaction to reports in the media that it told the Senate ...
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I’d rather have Tinubu as godfather of South-West politics than Buhari –Aribisala
Femi Aribisala, a columnist and social commentator, in this interview with GBENRO ADEOYE talks about Nigeria’s economy, politics and other issues You were one of the biggest critics of the All Progressives Congress in the run up to the 2015 elections, how do you feel today seeing Nigeria in arguably ...
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IMF rating confirms resilience of Nigerian economy – AGF
The Accountant-General of the Federation, Alhaji Idris Ahmed, has said that the recent announcement by the International Monetary Fund that Nigeria has the largest economy in Africa, demonstrates the resilience of the economy. Despite the worst economic recession Nigeria had faced in 29 years, the IMF, in its Economic Outlook ...
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NDLEA nabs 98 drug suspects in Ebonyi
…Secures 37 conviction The Ebonyi state Command of the National Drug law Enforcement Agency (NDLEA) says it have arrested 98 persons in the state for their alleged involvement in illicit drugs since January 2016. Also, the 37 of the suspects have been successfully prosecuted and jailed by competent courts ...
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El tránsito de cargas aumentó
El director comercial de la empresa de transporte de cargas y de personas Nuestra Señora de la Asunción (NSA), José Bogarín, destacó el crecimiento que han venido experimentando las exportaciones e importaciones paraguayas, lo que hace que también el transporte de carga vaya aumentando.
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Lagos families compensated for govt-acquired land
Toluwalope Adebayo The Lagos State Government says it will do all it can to promote peace in the state, adding that it is in such an atmosphere that the economy can grow. The government stated this on Thursday during an event to compensate three families whose parcels of land were ...
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CBN gives 310 youths N930m to start business
Everest Amaefule, Abuja A total of 310 youths, including members of the National Youth Service Corps, on Thursday received N930m from the Central Bank of Nigeria to establish profitable ventures in different sectors of the economy. Each of the youth, who emerged through a rigorous competitive process, received N3m under ...
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Nigeria to export more goods to US, China
Anna Okon Goods produced by the Small and Medium Enterprise operators in Nigeria have received special attention in a new move to export such products to Asian and American markets. The Nigerian Export Promotions Council and other stakeholders said it was time for the nation to take advantage of the ...
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Poultry farming will boost Nigeria’s economy – PAN
Success Nwogu, Ilorin The Chairman, Poultry Association of Nigeria, Kwara State chapter, Mr. Oladapo Robinson, has said poultry production will stimulate economic growth and enhance foreign exchange earnings for the country. He also stressed that the venture would enhance national food security. He spoke during the Kwara Poultry exhibition in ...
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Comatose libraries and a disappearing nation
Ayo Olukotun Astonishing contrasts and rude paradoxes define the Nigerian identity. It has, if the International Monetary Fund is to be believed, recently re-emerged as Africa’s largest economy, but what does this translate to, for citizens, many of whom resemble, in their suffering, survivors of a holocaust? Nigeria aspires to ...
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Expand education access for girl child, principal tells govt
Folashade Adebayo The Principal, Queen’s College, Lagos, Dr. Lami Amodu , has said that all efforts at transforming and taking the country to the next level may not be achieved if more attention is not paid to the education of the girl child. She, thus, called on corporate bodies and ...
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ExxonMobil reduction of Nigerian operations raises job losses’ fears
’Femi Asu The divestment by United States-based ExxonMobil of its 60 per cent stake in Mobil Oil Nigeria Plc has triggered fears of job losses. On Wednesday, Nipco Plc, an indigenous downstream oil and gas company, announced the acquisition of the equity from ExxonMobil, saying it had agreed with the ...
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$40m ADB loan for ABUAD
THE Afe Babalola University (ABUAD) Ado-Ekiti has been granted a $40 million corporate loan by the African Development Bank (ADB) to finance an eight-year expansion. It is all to make the institution a centre of excellence for tertiary education in Africa that will specialise in nurturing entrepreneurial and leadership skills ...