Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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I don’t have a twitter account –Adeosun
Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Thursday said she had no Twitter account, stating that the one being used to post comments about the economy within the last 24 hours does not belong to her. She noted this in a statement issued by her Media Adviser, ...
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Four Policemen arrested for ‘illegal’ duty
The police in Lagos have arrested four operatives of the Special Anti-Robbery Sqaud (SARS) Ikeja for allegedly taking part in illegal duty. The operatives comprising an Inspector and three Sergeants were said to have participated in the unlawful demolition of a building at Alade, Ikeja. It was learnt that the ...
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Nigeria: Investments in Ogun Free Trade Zone Secure, Say New Chinese Managers
[This Day] Abuja -The new management of the Ogun Free Trade Zone, Igbesa, has dispelled insinuations that the multi-million dollars investment at the zone is at risk following the take-over by a new team of Chinese managers. They stated: "Not only are the current investors not leaving the zone, the ...
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Nigeria: Firm Unveils New Insurance Software
[Guardian] Insurance Systems Inc. (ISI) will on Tuesday, September 6, unveil its latest product, ISI Enterprise, at the Westwood Hotel, Ikoyi, Lagos.
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Nigeria in worst possible time, says finance minister…as NBS confirms economic recession
Olalekan Adetayo, Ifeanyi Onuba and Oyetunji Abioye The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday admitted that Nigeria was in its worst possible time with the Gross Domestic Product figures for the 2016 second quarter released by the National Bureau of Statistics showing the nation’s economy now in recession. ...
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Four medical sales reps on trial for N92m fraud
Ramon Oladimeji Four sales representatives with Global Healthcare Limited have been arraigned before a Federal High Court in Lagos for allegedly defrauding their employment to the tune of N92m. The accused – Badmus Oladimeji, Austin Odokara, Gbenga Babatunde and Ademola Olanisha – were arraigned by the police Special Fraud Unit ...
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Finance minister: this is our worst possible time
The full picture of Nigeria’s economic gloom was laid bare yesterday. The National Bureau of Statistics (NBS) released its indices which showed that the economy had contracted for the second consecutive quarter. Finance Minister Kemi Adeosun, speaking after the Federal Executive Council (FEC) meeting in Abuja, described the country as ...
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Facebook to embrace more Nigerian languages, says Zuckerberg
The Founder of Facebook, Mark Zuckerberg, has pledged to use Nigerian languages in offering services on Facebook. Zuckerberg, who is on a business visit to Nigeria, made the promise at a meeting with software developers and ICT entrepreneurs yesterday in Lagos. Zuckerberg, yesterday explained why he chose Lagos as first ...
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Recession as inflation hits 17.1 per cent
Barely a month after two Federal Government officials announced that the economy was in a “technical” recession, the National Bureau of Statistics (NBS) yesterday confirmed the obvious. In its latest report, the Bureau says the economy has nosedived following rising inflation for nine unbroken years. Below are the highlights of ...
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Herdsmen fault Ekiti’s grazing regulation law
Cattle rearers in Ekiti State said Wednesday that the state government could not charge erring members of the association with terrorism for carrying light weapons. The herdsmen, under the aegis of Ekiti State chapter of the Jamu Nate Fulbe Association of Nigeria, an umbrella body for cattle rearers from Ilorin, ...
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NGO holds Town Hall Meeting to tackle corruption
The Centre for Law Enforcement Education in Nigeria CLEEN foundation on Wednesday held a Town Hall Meeting in Lagos to discuss ways to tackle corruption in public administration. The Town Hall meeting with the theme “ Fostering Citizens Support for the war against corruption in Nigeria” dealt on the topic, ...
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Herdsmen Disagree With Ekiti Govt Over New Grazing Law
Ekiti-based herdsmen from Ilorin, Kwara State, have criticised the new grazing law in Ekiti State saying, carrying lesser arms does not constitute offence under the country’s constitution Terrorism Prevention Act 2011. The body, under the aegis of the Jamu Nate Fulbe Association of Nigeria, said the provision in the new ...
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Banks To Now Accept Moveable Assets As Collateral – CBAN
The Credit Bureau Association of Nigeria (CBAN), Central Bank of Nigeria (CBN) and International Finance Corporation (IFC) are working towards improving access to loan facilities using movable assets as collateral. The News Agency of Nigeria (NAN) reports that the institutions held a one-day workshop in Kaduna, on Wednesday, to create ...
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Naira Hits N420/$ At Parallel Market As CBN’s Interventions Eat Up Reserves
The value of the naira at the parallel market continued to decline hitting N420 to the dollar, as dollar sales by the Central Bank of Nigeria (CBN) boosted liquidity at the interbank market where the naira closed at N306 to the dollar. At the parallel market, the naira had weakened ...
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Total Plc Creates Opportunities For Retail Insurance Marketing
Total Nigeria Plc, has offered its vast outlet network to boost retail insurance as it enters into strategic partnership with Leadway Assurance Limited to sell motor insurance to the public. In the first phase of the initiative, Leadway’s Easy-To-Use 3rd party motor vehicle insurance recharge cards will go on sale ...
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CBN re-instates banks banned from foreign exchange market
The Central Bank of Nigeria (CBN) has re-instated all the banks that were banned from the foreign exchange market, the Director, Banking Supervision, Mrs Tokunbo Martins, has said. She said this on Wednesday in Abuja at a media briefing, stating that the decision was reached after a series of meetings ...
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Aero Contractors suspends operations indefinitely, sends staff on leave
Aero Contractors Airlines on Wednesday said that it would suspend all its scheduled services indefinitely from Thursday Sept. 1. The airline’s Chief Executive Officer, Mr Fola Akinkuotu, said in a statement in Lagos that the management decision was part of the strategic business realignment to reposition the airline and return ...
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Facebook will offer services in more Nigerian languages- Zuckerberg
Mark Zuckerberg, founder of Facebook, has pledged to use Nigerian languages in offering services on Facebook. Zuckerberg, who is currently on a business visit to Nigeria, made the promise at a meeting with software developers and ICT entrepreneurs on Wednesday in Lagos. He said that social media application currently allowed ...
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NSCDC Parade 2 Suspects Over 2 Seal Of Government Diesel
2 suspects were on Wednesday paraded by the Ebonyi State Command of the Nigeria Security and Civil Defense Corps, (NSCDC) for their alleged involvement in the secret sales of government diesel to a cartel in the state. The suspects includes Mr. Hycinth Nwekwu in charge of the Generator Plants used in powering ...
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Nigeria: Experts Urge Investors to Patronise Service Stocks, Reduce Forex Exposure
[Guardian] Stock market investors have been urged to identify and patronise stocks of companies that render essential services with less foreign exchange exposure.
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Naira hits 418/dollar as forex scarcity lingers
Oyetunji Abioye The naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official interbank and black market. The local currency, which closed at 414 against the greenback on Monday, traded at 415 in Lagos, 417 in ...