Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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NSC Advocates Removal Of Physical Trade Barrier In Africa
The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), has called for the removal of physical trade barrier in African sub-region. Bello made the call during the inauguration of the interim working committee of West Africa Road Transport Union (WARTU), held in Lagos, at the weekend. ...
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Assets sale: PENGASSAN, TUC threaten to shut down Nigeria
Fidelis Soriwei, Everest Amaefule, Okechukwu Nnodim and ’Femi Asu Oil workers, under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria, have threatened to shut down the country should the Federal Government carry out its plan to sell national assets to augment revenue shortfall. Also, the ...
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I can’t predict when recession’ll end –Finance minister
Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, has said that she cannot predict when the nation will get out of the current economic recession. She, however, said that some of the efforts of the government to reflate the economy had started yielding results. The minister, who spoke ...
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Experts chart roadmap to tapping insurance benefits
The Chairman, Susman & Associates, Dr. Shamsuddeen Usman, said insurance industry in the country had a lot of opportunities and potential yet to be tapped into in the country, listing some of the ways to tap into its huge potential to grow the industry. Usman, while speaking at the 2nd edition of the Executive Breakfast Meeting Series of the ...
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ActionAid Nigeria flaws govt’s new mining tax incentives
…says Nigeria loses $2.9bn yearly on tax incentives ActionAid Nigeria has expressed grave concern over a recent announcement by Nigeria’s Minister of Mines and Steel Development, Dr. Kayode Fayemi, to offer foreign investors waivers and holidays in the nation’s mining sector. Fayemi had, at a mining conference in Australia, announced ...
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NSC Seeks Removal Of Physical Trade Barrier In African Sub-region
The executive secretary and chief executive officer of the Nigerian Shippers’ Council (NSC), has called for the removal of physical trade barrier in African sub-region. Bello made the call during the inauguration of the interim working committee of West Africa Road Transport Union (WARTU), held in Lagos. According to him, ...
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Finance analysts divided over sale of national assets
Ifeanyi Onuba Finance analysts have expressed divergent views on the recommendation for the sale of some of the country’s national assets as a way of raising funds and stimulating the recovery of the economy from the current recession. The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele; President of the ...
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Strong economy’ll attract investment from Nigerians abroad — Onalo
In this interview with NIKE POPOOLA, the Chief Executive Officer/Registrar, Institute of Credit Administration of Nigeria, Prof. Chris Onalo, speaks on the need for diversification of the economy and improved business ties with the United Kingdom How is the challenge of forex scarcity affecting businesses in the country? We have ...
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Avengers blow up Bonny pipeline as ceasefire collapses
The strike team of the Niger Delta Avengers (NDA), which recently declared ceasefire, on Friday night bombed the Bonny 48 inches crude oil export line in Rivers State. NDA, through its Spokesperson, Brig.-Gen. Mudoch Agbinibo, in an online statement yesterday, disclosed that its strike team took out the export line ...
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Passenger from Brazil arrested with cocaine in jacket at Lagos Airport
Officials of the National Drug Law Enforcement Agency (NDLEA) have discovered wraps of narcotics in the collar of a passenger’s jacket at the Murtala Muhammed International Airport (MMIA) Lagos. The arrest was made shortly after the suspect disembarked from the aircraft on his way from Sao Paulo, Brazil. The 31-year ...
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Cleric Rehabilitates Port Harcourt Prostitutes
Business activities in the popular Azikiwe street, mile two DIOBU Port Harcourt was brought to halt as the General Overseer of the popular Omega Power Ministries OPM church Apostles. Dr. Chibuzor Gift Chinyere stormed the area with his evangelism team to minister to the street hawkers, prostitutes, and all the ...
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Group solicits support for govt on economy
The Police Assistance Committee (PAC) has solicited the support of every Nigerian for the Federal Government in its quest to address the current economic recession and move the country forward. In a communiqué issued in Lagos after a one-day workshop organized for its members comprising trade associations and artisans operating ...
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Niger Delta bombings: Looters recruited militants against us — Buhari
President Muhammadu Buhari yesterday took a fresh dig at those who “stole Nigeria dry.” The looters, he said,in New York instigated the recent spate of attacks on oil and gas facilities in the Niger Delta by recruiting militants to cripple the economy under his administration “Those who stole Nigeria dry ...
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Bilateral Business Relations With China Good For Nigerians – Kusamotu
Barrister Ayodele Musibau Kusamotu is the Principal Counsel at KUSAMOTU & KUSAMOTU, an international legal firm in Lagos, with offices in Abuja and Onitsha. In this interview with CHINWENDU OBIOHA, he speaks on sundry national issues, including the advantages of Nigeria’s bilateral relationship with China, ways to get out of ...
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Nigeria: NPA, UK Govt Partner On Trade Facilitation, Investment
[This Day] In a bid to find other sources of revenue for the federal government following the decline in crude oil prices that plunged the Nigerian economy into a recession, the management of the Nigerian Ports Authority (NPA) plans to collaborate with the United Kingdom government in the area of ...
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Governors, ministers back assets sale to fight recession
There was an insight yesterday into the Federal Government’s battle against the recession that has hit the economy. The government’s plan to exit the recession which got the backing of the National Economic Council (NEC) includes assets sales; advance payment of licence renewals; infrastructure concessioning; and implementation of fiscal stimulus. ...
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Recession: Experts proffer solutions
The restoration of power, consumption of local products, price stability and improved purchasing power through prompt payment of workers’ salaries and creation of employment opportunities have been suggested by experts as parts of the strategies to rescue Nigeria’s bleeding economy. SIMEON EBULU LUCAS AJANAKU, EMEKA UGWUANYI, CHIKODI OKEREOCHA, OKWY IROEGBU-CHIKEZIE ...
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Policemen kill undergraduate while chasing Internet fraudster
Samson Folarin Tragedy struck at the Ogoja Market, LASU-Igando Road, Lagos State, after operatives of the Special Anti-Robbery Squad shot dead an undergraduate of a polytechnic in Edo State, Eldanojie Joseph. The 20-year-old business administration student was said to be on a visit to his cousin, Friday Ojah, who lived ...
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Reviving economy: Experts set agenda for 22nd NES
In the midst of what some analysts describe as the worst economic downturn in decades, Nigerians have spared no effort in making known their discomfort and disappointment at the present economic realities. The grave misdeed of too much dependence on the sale of crude oil for revenue generation cannot be ...
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Sanusi backs CBN on 14% MPR, advocates oil assets’
Former Central Bank of Nigeria, CBN, Governor and now Emir of Kano,, Alhaji Sanusi LAmido Sanusi, yesterday said retention of Monetary Policy Rate, MPR, at 14 per cent was desirable for the nation’s economy. He pointed out that lowering the rate as being advocated by some analysts, including the Finance ...
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How States, LGs, FG Shared N2.53trn In 7 months
The federal, states and local governments have shared N2.53 trillion as proceeds of revenues from the Federation Account from January to July, the News Agency of Nigeria (NAN) reports. The figures were derived from documents obtained from the Federal Ministry of Finance, showing that the total revenue generated for the ...