Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Nigeria’s merchandise trade value hits N3.94trn in Q2
The volume of Nigeria’s merchandise trade in Q2, 2016 stood at N3,942.0 billion, the National Bureau of Statistics, NBS, has reported. The Statistics Bureau in its second quarter 2016 Merchandise Trade Report noted that the amount represented 49.0 per cent higher than N2,645.5 billion recorded in the corresponding period of ...
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NCC To Prosecute Vendors Of Unregistered SIM Cards
The NCC has called on buyers and sellers of unregistered SIM cards to desist from it because if caught, they will face the law. Speaking during a raid at Wuse Market in Abuja, by the monitoring team of the NCC, the Commission’s assistant director, Enforcement, Mr Salisu Abdu, lamented that ...
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Defensora del Pueblo cuestiona fichaje de Barroso por Goldman Sachs
La Defensora del Pueblo europea, Emily O'Reilly, cuestionó en un escrito dirigido a la Comisión Europea el nombramiento del conservador José Manuel Barroso en el banco de inversiones estadounidense Goldman Sachs.
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Economic recession and the external borrowing plan
With Nigeria’s economy already in recession and the enormous challenges facing the county, the present administration of President Muhammadu Buhari is now focused on the diversification of the economy through agriculture, mining and other areas through which it could shore up revenue. The government has also come up with a three-year external borrowing plan to seek for loans which would go to strategic sectors of the economy ...
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Dangote condemns rumors of GMO rice importation
Dangote Group has vehemently condemned the malicious broadcast alleging a partnership between the company and the Federal Government for the importation and sales of genetically modified organism (GMO) rice. The said GMOs refer to a food item or an organism that has had its DNA altered or modified in some ways ...
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Economy: FG Committed To Ease Of Doing Business – Osinbajo
Vice-President, Prof. Yemi Osinbanjo has said that the federal government is highly committed to ensuring ease of doing business in the country. Prof. Osinbanjo, who doubles as the head of the Economic Management Team, made this assertion on Tuesday during the first annual lecture and public presentation of The Interview magazine in Abuja. Speaking ...
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Nigeria Has Been Badly Governed – Osinbajo
There is no country in the world that can face the kind of stealing that has taken place in Nigeria without having to deal with the consequences, including the current state of the economy. Vice President Yemi Osinbajo, SAN, made this assertion on Tuesday while receiving a delegation of the Northern ...
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Meirelles diz que participação do Brasil na cúpula do G20 foi um sucesso
Henrique Meirelles disse que a participação do Brasil na cúpula do G20 foi um sucesso, despertando interesse de investidoresJosé Cruz/Agência Brasil O ministro da Fazenda, Henrique Meirelles, disse hoje (6), em Brasília, ao retornar da China, que a participação do Brasil no encontro de cúpula do G20, grupo das 20 ...
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Nigeria: Telecom Sector Attracts U.S.$35 Billion Investment in 15years
[Daily Trust] Lagos -The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has said that Nigeria's Information and Communications Technology (ICT) sector received over $35bn from Foreign Direct Investments (FDIs) in the last 15 years.
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Nigeria: Govt Woos Foreign Investors With Permits
[Guardian] Abuja -The Federal Government has unveiled 28 Combined Expatriate Residence Permit and Alien Card (CERPAC) centres with a view to attracting Foreign Direct Investments (FDIs) into the country.
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Nigeria: Social Investment and Nigeria's Economic Resuscitation
[This Day] Crusoe Osagie highlights the importance of corporate social investment in revamping the lives of displaced persons and returning a depressed economy to growth
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IDPs return home to Konduga two years after
Internally Displaced Persons (IDPs) from Konduga Local Government of Borno State have returned home after about three years of residing in refugee camps in Maiduguri. Governor Kashim Shettima urged them to be law abiding while at home. He added that the action was aimed at allowing the IDPs celebrate Sallah ...
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‘NLNG’s Act repeal ‘ll jeopardise $20b investment’
• Minister: NASS is patriotic The Nigeria Liquified Natural Gas (NLNG) has warned that any tinkering with the law guiding its activities may spell doom for the country. Its Managing Director, Mr. Tony Attah warned that should the House of Representatives go ahead with its plan to repeal the NLNG ...
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Recession: engage economists, NLC urges Buhari
The Nigerian Labour Congress (NLC) has advised President Muhammadu Buhari to rely on indigenous economists to generate the necessary ideas and policies that will the country out of economic recession. NLC President AyubaWabba, who spoke yesterday in Abuja, said the present situation requires indigenous experts to fashion out how best ...
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Telecoms sector’s foreign direct investments hit $35bn
The telecommunications sector has in the last 15 years been able to attract $35 billion foreign direct investments, FDI, into Nigeria even as prospect for more is certain in the years ahead. The sector has, despite the challenges of infrastructure, also witnessed remarkable growth in internet connectivity from 50,000 in 2001 to its current 97 million during the period. The ...
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Emefiele links elites’ taste for foreign goods to forex scarcity
The Central Bank of Nigeria (CBN) has blamed the elite who preferred imported materials to local ones for the foreign exchange crisis and its immense contributions to the current nation’s economic woes. The apex bank, through its Governor, Godwin Emefiele, lamented that Nigerians spend nothing less than £2 billion on their children studying abroad at the detriment ...
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NACCIMA charges CBN on new IMTOs policy
The Nigerian Association of Chambers of Commerce, Industry, mines and Agriculture, NACCIMA has called for review of the Central Bank of Nigeria, CBN’s new policy on International Money Transfer Operators, IMTOs, which stipulated that “(IMTOs) are required to remit foreign currency to their respective agent banks in Nigeria for disbursement in Naira to the beneficiaries while the foreign currency proceeds are to be sold to ...
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Economía dice que la plaza para el Banco Mundial está abierta a cualquier persona
El Ministerio de Economía y Competitividad que dirige en funciones Luis de Guindos ha indicado este lunes que la convocatoria para ocupar la plaza en el Banco Mundial para la que el Gobierno ha propuesto al exministro José Manuel Soria "está abierta a cualquier persona que se quiera presentar".
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NCC says investment in ICT sector over $35b
The Nigerian Communications Commission (NCC) on Monday said that over $35 billion had been invested in the nation’s telecommunications industry from Foreign Direct Investments. The Executive Vice Chairman of the commission, Prof. Umar Danbatta, made this known in Lagos during a stakeholders’ forum for International Telecommunication Union (ITU) Telecom World ...
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Standard Bank predicts increased M&A activity in African telecom, media and technology
Standard Bank, Africa’s largest bank by assets, is partnering with international news and events provider TMT Finance for the inaugural TMT Finance Africa in Lagos 2016 Conference, which is bringing together the leading decision makers in African telecoms, media and technology (TMT) to Lagos on September 20, 2016. The event ...
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‘AMCON’s assets can’t pay its debts’
The Asset Management Corporation of Nigeria (AMCON) that was established to provide succour for ailing companies has fallen a victim of its very purpose for existence. Its debts have overtaken its assets, says the Managing Director, Ahmed Kuru, in this interview with Group Business Editor SIMEON EBULU.. What is the ...