Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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FCTA Directs Security Agencies To Enforce Ban On Cattle Grazing, Begging
The FCT Administration has directed law enforcement agencies to enforce a total ban on cattle grazing, begging, street hawking; and commercial motorcycle (Okada) in the Federal Capital City. Speaking after an emergency security committee meeting in Abuja yesterday, FCT minister, Malam Muhammad Musa Bello stressed that the administration would continue ...
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World Bank Launches Massive Solar Energy Programme In Nigeria
The International Finance Corporation, IFC, a member of the World Bank group in collaboration with the United Kingdom’s Department for International Development (DFID) is facilitating a massive solar energy programme, targeting Small and Medium Scale businesses across the country. Under the initiative, the Financial Institution with the DFID would deploy ...
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Idosos são mais afetados pela atual onda de desemprego, aponta Ipea
A Carta de Conjuntura 32, divulgada hoje (20) pelo Instituto de Pesquisa Econômica Aplicada (Ipea), revela aceleração do desemprego no país. Comparando o segundo trimestre deste ano com o último trimestre de 2014, que foi o último período antes da piora registrada no mercado de trabalho, verifica-se que as perdas ...
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CBN rejects Finance minister’s call for interest rate cut …retains benchmark rate at 14%
Akinpelu Dada, Ifeanyi Onuba, Oyetunji Abioye and ’Femi Asu The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, which is the benchmark lending rate, at the current 14 per cent. The decision to leave the rate unchanged was contrary to expectations of ...
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ECOWAS Reviews Nigeria’s Worries On The EPA
Economic of West African Countries (ECOWAS), is reviewing issues of industrialization, and development dimension, two major reasons why Nigeria hesitates to sign the 16-year-old, West Africa, European Union, Economic Partnership Agreement (EPA). This statement was made by the ECOWAS Commissioner of Trade, Customs and Free Movement, Laouali Chaibou, who was ...
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Nigeria: Buhari Assures Investors of Safety
[This Day] Abuja -President Muhammadu Buhari has assured existing and potential investors in Nigeria of adequate protection of their lives, investments and property.
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Business: Nigerian finance minister urges interest rate cut to help economy
Nigeria's central bank should lower interest rates so that the government can borrow domestically to boost the economy, which is stuck in recession, without increasing its debt-servicing costs, the country's finance minister said on Monday.
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Business News: Nigerian finance minister urges interest rate cut to help economy
Nigeria's central bank should lower interest rates so that the government can borrow domestically to boost the economy, which is stuck in recession, without increasing its debt-servicing costs, the country's finance minister said on Monday.
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Sell national assets to stimulate economy, ACCI urges FG
Abuja Chamber of Commerce and Industry, ACCI, yesterday expressed support for the call on the Federal Government to sell some national assets and use the proceed to get the country out of its current recession. The Chamber’s President, Mr Tony Ejinkeonye, said this in an interview with the News Agency ...
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Osinbajo blames recession on militancy
Vice President Yemi Osinbajo has put the blame for the economic recession on the bombings of oil installations in the Niger Delta. The Niger Delta Avengers and other militant groups have been bombing oil and power installations. Speaking at the Presidential Quarterly Business Forum at the State House in Abuja ...
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Nigeria’s endorsement of EPA’ll hurt economy –MAN
…to lose $1.3trn if pact is signed Manufacturers Association of Nigeria, MAN, has declared that Nigeria’s endorsement of the Economic Partnership Agreement between Economic Community of West African States, ECOWAS, and European Union could cost the country about $1.3trn and impact negatively on the nation’s current industrialisation agenda. Giving this hint ...
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EPA’ll cost Nigeria $1.3t, says MAN
The Manufacturers Association of Nigeria (MAN) has restated its opposition to the Economic Community of West African States (ECOWAS) /European Union (EU) Economic Partnership Agreement (EPA), saying it would cost the country about $1.3trillion in lost revenue from tariff removal. Its President, Dr. Frank Jacobs, in a statement, insisted that ...
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APC, PDP Senators Close Ranks Over Recession
For the first time in more than a year, All Progressives Congress (APC) senators and their Peoples Democratic Party(PDP) counterparts closed ranks to push back a receding economy. Separate meetings held by APC and PDP, agreed that members should forget their differences and discuss issues affecting Nigeria, the federal legislature ...
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Kachikwu lists strategies for economic recovery
The Minister of State for Petroleum, Ibe Kachikwu, on Monday listed seven key implementation strategies to boost the petroleum industry and enable export of refined products by 2019. The minister spoke at the Presidential Quarterly Business Forum between the Private Sector and the Economic Management Team (EMT) in Abuja, the News Agency ...
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Patience Jonathan threatens EFCC with N5bn suit
A former first lady, Patience Jonathan, has threatened to file a N5 billion suit against the Economic and Financial Crimes Commission (EFCC) if the commission fails to defreeze her accounts with Skye Bank within 14 days. Mrs. Jonathan’s threat was contained in an open letter, issued by her attorneys, First Law ...
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Niger Delta Militants Responsible For Economic Recession – Osinbajo
…. Stakeholders list challenges of doing business in Nigeria Vice President, Yemi Osinbajo has blamed the Niger Delta militants for the poor state of the economy but said Nigerians,rather than analysing how Nigeria came about the problems, had been busy criticising the Federal Government. According to him ,the economic recession ...
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Recession: Emeka Offor Foundation Empowers 5,000 Widows
Business mogul, Sir Emeka Offor, has so far empowered 5,000 widows through series of empowerment schemes designed to make their lives better despite the loss of their bread winners. This was disclosed at a review meeting of the activities of the Emeka Offor Foundation over the weekend in Abuja during ...
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Risk of man-made famine threatens millions of Nigerians
Source: International Rescue Committee Country: NigeriaIt is time for the Government and the international community to acknowledge the scale of the emergency and put resources in place to address this chronically underfunded crisis - before it is too late, says IRC.The real impact of Boko Haram’s reign of terror is emerging ...
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Nigeria: Investor Confidence Needed to Boost Economy - Afrinvest
[Vanguard] Afrinvest West Africa Limited has stated that investors' confidence is required to boost the Nigeria's economy, even as it gets set to launch its banking reports.
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Recession: worst is over, says CBN boss Emefiele
FROM Central Bank of Nigeria (CBN) Governor Godwin Emefiele has come a piece of good news on the recession-hit economy. “We have turned the bend,” he said at the weekend in Lagos. Nigerians have been grumbling over the tough economic climate – high food prices, poor infrastructure, job cuts and ...
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FACTS ABOUT THE ECONOMIC REVIVAL BATTLE
Foreign portfolio investors have injected $1 billion in the last two and half months An Emergency Spending Bill, which will enable the government shorten the process of spending money (through award of contracts) is ready for the National Assembly Close to N374 billion will be injected into the economy this ...