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Nigeria
ATMS Foundation commits $60m to human capital development
Ife Ogunfuwa The African Training and Management Services Foundation has said it has committed over $60m to human capital development in sub-Saharan Africa in the past 21 years. A Director, ATMS Foundation, Sven Riskaer, who made this known at the African Management Services Company Business Transforming Africa Conference in Lagos, ...
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Nigeria
Kwankwaso seeks prosecution of perpetrators of Ife clash
Femi Makinde, Osogbo A former Kano State Governor, Senator Rabiu Kwankwaso, on Tuesday, visited the scene of the clash between some Yoruba and Hausa in Ile-Ife to commiserate with the victims of the crisis with a call that perpetrators of the crisis should be made to face the full wrath ...
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Nigeria
CBN boosts forex supply with fresh $195m
Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Tuesday released fresh $195m into the foreign exchange market as part of its wholesale intervention to ensure liquidity in that segment of the market. The release was confirmed in a statement signed by the Acting Director of Corporate Communications Department, CBN, ...
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Nigeria
Hitching the north to the national economy
Lekan Sote The Northern Nigerian Protectorate, proclaimed in 1900, was administered by Indirect Rule, with emirs or chiefs, as native authorities, ruling over their subjects, on behalf of the British raj. The Nigeria formed from the Northern and Southern Protectorates by Lord Frederick Lugard in 1914 remains apolitical mixture, and ...
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Nigeria
Boosting Nigeria’s gemstones industry for increased revenue
Jennifer Abraham Diamond, the most valuable gemstone in the world today, changed the face of Botswana. Before its discovery in that country in 1966, Botswana was a poor, agrarian economy. However, as of 2014, annual Gross Domestic Product per capita growth rate (one of the highest in the world), had ...
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Nigeria
Foreign missions to monitor Magu’s screening by Senate
Some foreign missions and donor agencies will monitor today’s screening of Economic and Financial Crimes Commission (EFCC) Acting Chairman Ibrahim Magu. Besides, some Peoples Democratic Party(PDP) senators have opted to support Magu’s confirmation as the fourth chairman of the anti-graft agency. The senators reportedly met yesterday. It was also learnt ...
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Nigeria
Customs to review duty payment enforcement
Vehicle owners who are anxious over duty payment enforcement should relax. The Nigeria Customs Service (NCS) is reviewing the controversial policy, Comptroller General of Customs Col. Hameed Ali (retd) has said. Col. Ali stated this in a letter to Senate President Bukola Saraki which he personally submitted yesterday during an ...
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Cina Nigeria
Chinese investments in Nigeria hit $13b
The Chinese Deputy Ambassador to Nigeria, Mr. Lin Jing, yesterday in Abuja, said Chinese investments in country have hit over $13 billion. He said China was also demonstrating its commitment to Nigeria’s friendship and development through the $1.3billion Lagos-Ibadan Railway Project. He added that the $326 million 30 rice mills ...
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Nigeria
CBN injects $195m into forex market
•Inflation declines to 17.78% The Central Bank of Nigeria (CBN) yesterday said it will inject $195 million comprising of $150 million for the wholesale auction and $45 million in the invisible segment for such items as medical fees, tuition fees, Personal Travel Allowance (PTA) and Business Travel Allowance (BTA). Confirming ...
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USA Giappone
City sues drugmaker, claiming it helped flood black market with opioid
As deaths from painkillers and heroin abuse spiked and street crimes increased, the mayor of Everett took major steps to tackle the opioid epidemic devastating this working-class city north of Seattle. Mayor Ray Stephanson stepped up patrols, hired social workers to ride with officers and pushed for more permanent housing ...