Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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CBN orders banks to stop dollar loans
Bank customers who do not earn foreign exchange (forex) will henceforth not be able to secure dollar-denominated loans, the Central Bank of Nigeria (CBN) has said. CBN Director, Banking Supervision, Mrs. Tokunbo Martins, broke the news yesterday at the CBN-Financial Institutions Training Centre (FITC) continuous education programme for Directors of ...
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Chinese businessmen desperate to invest in Nigeria – Envoy
Olalekan Adetayo, Abuja Despite the current economic recession in the country, the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian, on Tuesday said he had been inundated with requests by investors from his country who he stated had been “falling over one another” to explore business opportunities in Nigeria. According to ...
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Girls held by Boko Haram in Nigeria need support to rebuild shattered lives
Source: UN Children's Fund Country: Nigeria“We are delighted to see the girls back with their families, but we must keep pressing for all the women and children held by Boko Haram to be freed,” said a UNICEF Representative in the country.Chibok girls’ family reunions highlight plight of thousands of girls held ...
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Nigeria: Nigeria Negotiates U.S.$15 Billion Oil, Gas Investments With India
[Daily Trust] The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, yesterday in India, negotiated a $15 billion investment with the Indian government.
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Suspension of ATM card usage abroad: Nigerians react
Jide Akintunde (Director, Nigeria Development and Finance Forum) The Central Bank of Nigeria has the mandate to manage the exchange rate. For that reason, it is in order for the apex bank to issue the restriction in meeting its policy target. To be clear, this restriction applies to spending or ...
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Recession: ‘Reps ready for Buhari’
John Ameh, Abuja The House of Representatives said on Monday that lawmakers were awaiting President Muhammadu Buhari’s response to the National Assembly’s invitation to address them on the state of the economy. The country is “technically in recession,” a development that forced both chambers of the National Assembly to invite ...
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Managing an economy in recession difficult, says Emefiele
Everest Amaefule, Abuja Managing an economy in recession is a difficult task but also presents challenges that are surmountable, the Governor, Central Bank of Nigeria, Godwin Emefiele, has said. Emefiele said this while receiving members of the Senate Committee on Finance, Insurance and other Financial Institutions, who paid an oversight ...
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Ajimobi signs LCDA bill into law
Governor Abiola Ajimobi of Oyo State has assented to the bill creating 35 Local Council Development Areas (LCDAs) in the state. Mr. Toye Arulogun, the Commissioner for Information, Culture and Tourism, said this while briefing newsmen in Ibadan. He said that the bill, which was enacted by the state House ...
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Global Eleven plans ‘community trade, business fair’
As part of its plans to promote sales and bring businesses together for profitable commercial activities, Global Eleven Nigeria, a Trade and Marketing Consultancy Company has signed a Memorandum of Understanding with C-12 Business Forum to organise a community Trade and business fair within the Owode- Ajegunle, area of Agboyi-Ketu ...
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IDPs: Govt agencies frustrating foreign donors, says Ndume
Leke Baiyewu, Abuja The Leader of the Senate, Ali Ndume, has said government agencies are frustrating humanitarian efforts in the North-East. He said several agencies, whose responsibilities did not include the management of Internally Displaced Persons, were now operating in the North-East. Ndume, who is representing the Borno-South senatorial district ...
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Embracing Made-in-Nigeria goods
HAUNTED by recession and fast-depleting foreign reserves, President Muhammadu Buhari has bought into a campaign by the Nigerian Economic Summit Group to encourage Nigerians to patronise Made-in-Nigeria products. At the 2016 edition of the NESG forum, the President aligned with the theme of the summit, whose goal is to wean ...
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Ambode calls for efficient law enforcement
Samson Folarin The Lagos State Governor, Akinwunmi Ambode, has called for efficiency in the enforcement of laws in the state. He urged law enforcement agents to be more proactive in order to bring sanity to Lagos. Ambode, who was represented by the Deputy Governor, Dr. Idiat Adebule, spoke at the ...
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Nigerian banks and the Dubai analysts
Ibeayoka Emefu Last week, when the Minister of Finance, Mrs Kemi Adeosun, during a discussion on the importance of addressing infrastructure gaps in developing countries at the World Bank, accused the western powers of being a stumbling block to Nigeria’s plan to improve power output through the use of coal, ...
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N4.7b arms cash scandal: EFCC detains Obanikoro
Ex-minister also grilled on alleged N4.7b fraud He’s being detained, says aide An aide to Senator Obanikoro, Mr. Jonathan Eze, in a statement last night said the former minister had been detained by the anti-graft agency. The statement said: “Senator Musiliu Obanikoro, the immediate past minister of defence and foreign ...
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Nigeria seeks $15b upfront cash oil deal with India
Nigeria is seeking a $15billion cash raising oil deal with India in a bid to shore up its foreign reserves. Minister of State for Petroleum Ibe Kachikwu, who is in India, has negotiated the $15 billion investment with terms to be agreed. The Indian Government is expected to make an upfront payment for crude ...
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Agriculture must contribute to combating climate change - FAO
Source: Food and Agriculture Organization of the United Nations Country: WorldThe pledge to eradicate hunger and poverty must go hand in hand with rapid transformations of farming and food systems to cope with a warmer world, FAO said today in a new report. Agriculture has big role to play in curbing greenhouse ...
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Microsoft, Intel, HP empower SMEs with business technologies
Ozioma Ubabukoh The need for Small and Medium Enterprises in Nigeria to further leverage technology to drive business growth has again been stressed. This was made known at the ‘Accelerate Your Business’ event organised by Microsoft, in collaboration with Intel and HP. The event, held in Lagos, had over 100 ...
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Naira to continue gain on dollar supply to BDCs
Oyetunji Abioye with agency report The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators. The CBN has given approvals to First Bank of Nigeria Limited and Travelex, a global foreign exchange company, to commence sale ...
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Letter to my countrymen: Averting an Economic Meltdown via the Right Type of Asset Sales – Atedo Peterside
In my previous capacity as the Chairman of the Technical Committee of the National Council on Privatisation up until May 2015, I canvassed for the privatisation of the power sector, sale of Nitel and pushed for the sale of the refineries and the passage of the transport reform bills before ...
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Why Many Nigerian Men Can’t Go More Than One Round During Sex – Expert Reveals
There is a BIG problem that is facing many Nigerian men who are in a serious or committed relationship today. And that problem is their inability to go more than one round of sex in bed with their partner or spouse. To give you an idea of what I mean, ...
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Saudi Arabia cracks down on overstayed pilgrims
Saudi Arabia on Monday started a crackdown on foreign pilgrims overstaying their Hajj visas, a local media report says. Saudi authorities said that the offenders would have to pay an equivalent of 13,329 dollars in fine, face six months in jail and deportation. “Those who transport, recruit or shelter overstayed ...