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Nigeria
Recession: Economists advise FG to boost exports
Ifeanyi Onuba, Abuja Economists on Wednesday called on the Federal Government to stimulate the level of exports of goods and services in order to take the country out of recession. The economists said at a monthly round-table in Abuja on the Nigerian economy that while the country had enough resources ...
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USA Nigeria
‘I shared Diezani’s N23b poll cash among Northeast states’
Former Finance Minister Mrs Nenadi Usman has shed light on how she shared N23 billion among Northeast states at the instance of former Petroleum Resources Minister Mrs Diezani Alison-Madueke for the prosecution of last year’s presidential election. She told Economic and Financial Crimes Commission (EFCC) detectives that Alison-Madueke gave her ...
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Nigeria
Businesses stumble in the face of recession (II)
Since FMN imports the bulk of its raw materials (particularly wheat), the adoption of a more flexible exchange rate regime by the CBN and the consequent downward shift in the naira exchange rate to around N295 per dollar from N197.50 previously, severely impacted its cost of sales and was the ...
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Nigeria
I Became Head Of State By Accident Of History – Gowon
Former Head of State, retired Gen. Yakubu Gowon says he became Head of State 31 years ago by accident of history without nursing the ambition. Gowon stated this when Deputy Chairman of Senate Committee on Foreign Affairs, Sen. Shehu Sani, paid him a courtesy call in Abuja on Wednesday. Gowon ...
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Ghana
Ghana’s Parliament ratifies EPA with EU
Ghana’s parliament has ratified the Economic Partnership Agreement (EPA) between government and the European Union (EU). Government earlier signed onto the agreement (interim) but was awaiting ratification from Parliament as stipulated in the country’s laws in relation to international agreements. The ratification of the agreement by Parliament will lead to ...
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Ghana
Parliament passes Bank of Ghana Amendment Bill
The Parliament of Ghana has passed the Bank of Ghana (BoG) Amendment Bill to strengthen the central bank’s functional autonomy. A press release issued By the Ministry of Finance and signed by a Deputy Finance Minister, Cassiel Ato Forson explained that the amendment will strengthen the BoGs governance system and ...
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Colombia Perù
Condenan negativa de Colombia a acatar fallo de la OMC a favor de Panamá
Para el exministro de Economía y Finanzas, Frank De Lima, el Gobierno debió ser más enérgico hace mucho tiempo. Exministro de Relaciones Exteriores, Rómulo Roux considera que la actitud de Colombia es un irrespeto hacia Panamá.
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Giappone
FAA clears Moon Express to launch rocket with hopping lunar lander
The federal government for the first time has given permission to a private Florida company to fly a spaceship beyond Earth’s orbit and land on the moon. The Federal Aviation Administration gave clearance Wednesday to Moon Express to land a washing machine-sized vehicle on the moon that would take hops ...
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Giappone
Japan Inc. hopeful new Abe Cabinet can revive economy
Japanese business leaders expressed hope Wednesday that the newly formed Cabinet of Prime Minister Shinzo Abe will revitalize the country’s economy. “We hope that the new Cabinet will exercise leadership to revitalize the Japanese economy and help realize sustainable growth in the global economy,” said Sadayuki Sakakibara, chairman of Keidanren. ...
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Giappone
Line to help Shibuya Ward boost online services via app
Line Corp. said Wednesday it has signed an agreement with Tokyo’s Shibuya Ward to utilize the company’s technology to enhance the municipality’s online services. It is the first time for the Japanese free messaging application provider to make such an agreement with a local government. The central Tokyo ward is ...