Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Debt Profile And Debt Management Under PMB
Nigeria’s debt crisis could be traced to the misdirection of economic policies pursued since the buoyancy of the oil market which resulted in an outright neglect of the non-oil sector of the economy especially agriculture. Owing to this neglect of other sectors in the economy, the oil sector provided over ...
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Naira to weaken further on dollar shortage
Oyetunji Abioye The naira is expected to continue to weaken this week on limited dollar supply as foreign portfolio investors stay on the sidelines until the Nigeria economy shows signs of recovering from the impact of currency controls, foreign exchange traders have said. The naira had hit an all-time low ...
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Nigeria’s oil faces threat as Saudi Arabia cut prices
‘Femi Asu Saudi Arabia, the world’s largest crude oil exporter, has cut all official selling prices for its crude sales to Asian and the United States clients in August, signalling mounting competition for Nigeria and others. The country’s state-owned oil company, Saudi Aramco, lowered the pricing terms for Arab Light ...
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CBN begins enforcement of dollar sales to BDCs
To increase the volume of dollar in the market and stabilise the naira, the Central Bank of Nigeria (CBN) may compel banks to sell foreign currency proceeds of international money transfers to Bureaux De Change (BDCs). The CBN is likely to begin the enforcement of its directive to that effect ...
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NAICOM goes tough on corporate governance defaulters
The enforcement of the Code of Corporate Governance in the insurance industry by the National Insurance Commission (NAICOM) has forced a major shake-up in the boardrooms of many insurance companies. Already, many chief executives and non-executive directors, who failed to comply with the regulator’s directive to quit after nine years ...
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FG bans distribution of souvenirs at MDAs’ seminars
The Federal Government has banned the procurement and distribution of bags, T-shirts and other souvenirs at events such as Conferences and Seminars funded by Federal Ministries, Departments and Agencies (MDAs). In a statement on Sunday in Abuja by the Director of Information, Federal Ministry of Finance, Mr Salisu Dambatta, said President ...
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There Should Be Special Forex Window For Manufacturers – GMD Vitafoam
The Group Managing Director of Vitafoam Nigeria Plc, Mr. Taiwo Adeniyi in an interview with OLUSHOLA BELLO, appealed to the federal government to create a special forex window to enable genuine manufacturers to import raw materials on time due to paucity and high cost of hard currencies. What is the ...
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Military Will Restore Full Peace To North East, Says Buratai
The Chief of Army Staff, Lt.-Gen. Tukur Buratai, has assured that the military will restore full peace to the North East in line with the desire of President Muhammadu Buhari. Buratai gave the assurance while addressing troops undergoing training at the Nigerian Army Special Forces Training School at Buni Yadi, ...
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Militants’ attacks: Hotels shut down in Lagos, as residents flee in Ogun
Kunle Falayi, Tunde Ajaja and Jesusegun Alagbe Like a swarm of locusts leaving destruction and desolation in their wake, the invasion of some Lagos riverside communities by suspected Niger Delta militants has all but stalled the local economy of those areas. Walking through some parts of Isawo and Igbo-Olomu, still ...
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Textile Industry Contributes To Nigeria’s Economy, Cultural Heritage – Ogatimirin
Textile merchants in Nigeria have said that high rate of exchange is fostering as a challenge in the textile market. The marketing manager, Woodin, Ms. Adaeze Anilonu stated this in Abuja during the opening of its outlet. In her speech, textile industry is one area that contributes both to the ...
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Após acordo, embarques de carne bovina para os EUA começam em três meses
O Ministério da Agricultura, Pecuária e Abastecimento informou hoje (29) que concluiu as negociações com os Estados Unidos para exportação de carne bovina in natura para o mercado norte-americano. Segundo o ministro da Agricultura, Blairo Maggi, a expectativa é que os embarques do produto comecem em três meses, após a ...
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Brazil-US negotiations on fresh beef concluded
Brazil has concluded negotiations with the US on fresh beef exports to the US market. Brazil's agriculture minister Blairo Maggi said that the product is expected to start being shipped in three months, after administrative protocols are over. Maggi was in Washington to bring the talks to an end, and ...
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Ogun to review taxation law, others
The Ogun State Government has started plans to review some of its existing laws to meet up with the current trends in the justice delivery system. The State Attorney-General and Commissioner for Justice, Dr. Olumide Ayeni, stated this in a chat with journalists in Abeokuta, Friday, the News Agency of ...
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Biochemist presents real cure for Erectile Dysfunction, Prostate and Infertility
GOOD NEWS! “You Can Now Finally Get Rid Of Your Embarrassing Sexual Problems Permanently! And Transform Your Sex Life Into That Confident Consistent And Lasting Sexual Experience You’ve Always Wanted. www.optimalandhealthy.com/sexualdysfunctioncare.html Suffering in silence from: Weak Erection? Infertility? Having Uncomfortable Prostate Symptoms? Being unable to give your partner the same ...
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Dangote Sugar Refinery Declares N11bn Profit Before Tax
Dangote Sugar Refinery (DSR) has announced a profit before tax (PBT) of N11.1 billion for the six months ended June 30, 2016. This is contained in a statement issued by the company on Friday in Lagos. The statement showed that the PBT increased by 13.3 per cent compared with N9.8 ...
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Hard times ahead for Nigerian economy, says Lemo
Ramon Oladimeji A former Deputy Governor of the Central Bank of Nigeria, Mr. Tunde Lemo, has said the country should expect a further shrinkage in economic activities this year. He said the impact of this projected shrinkage would be especially felt across the major sectors of the economy. He, therefore, ...
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How CBN rate hike will affect economy, by experts
To some analysts in the financial sector, the decisions taken at Tuesday’s Monetary Policy Committee (MPC) meeting will rub off on the economy. But, others say they may affect some players in the economy. TAOFIK SALAKO, COLLINS NWEZE, NDUKA CHIEJINA and OKWY IROEGBU-CHIKEZIE report. IT was an increase introduced to ...
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Thousands of children detained in war zones, held without charge
Source: Human Rights Watch Country: Afghanistan, Democratic Republic of the Congo, Iraq, Israel, Nigeria, occupied Palestinian territory, Syrian Arab Republic, WorldHuman Rights Watch has documented the arrest and detention of children for alleged association with non-state armed groups or involvement in conflict-related offenses. Children Detained in War Zones Thousands Held Without Charge, Tortured (New ...
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Faturamento da indústria de máquinas cai 29,3% no primeiro semestre, diz Abimaq
O faturamento da indústria de máquinas e equipamentos totalizou R$ 33,060 bilhões no primeiro semestre deste ano, queda de 29,3% na comparação com o mesmo período do ano passado. Considerando-se apenas o mês de junho, o setor faturou R$ 5,867 bilhões, representando recuo de 23,7% sobre o mesmo mês do ...
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Forcados shutdown: Nigeria loses N356.6bn in five months
’Femi Asu Five months after it was attacked and shut down, Shell’s Forcados export line remains offline, causing the country a loss of about $1.6bn (N356.6bn) in revenue. It is still uncertain when the pipeline would come back on stream, although the Minister of State for Petroleum Resources, Dr. Ibe ...
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Lagos, Niger strategise on food security, employment
Sesan Olufowobi The Lagos State Government says discussion about the development of agricultural commodity value chain with Niger State aimed at ensuring food security and job creation for the two states and the country has started. The government on Wednesday added that the Lagos-Niger partnership, the second of its kind ...