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Street protests, shortages, currency restrictions and the constant threat of government expropriation have left foreign companies planning to leave.

Anna Okon The Agricultural Products and Equipment Manufacturers in Nigeria has stated that in 18 months, with the support of the Federal Government and effective implementation of the ban on importation of tomato paste, Nigeria will be able to produce enough tomato paste for local consumption and export. The President ...

Anna Okon The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has said that its 57th Annual General Meeting scheduled to hold on Wednesday, May 24 will focus on “Ease of doing business in Nigeria: An impetus to economic recovery.” In a statement made available to our correspondent ...

Anna Okon The National Agency for Food and Drug Administration and Control has raised the alarm that faith-based and charitable organisations in the country are victims of unscrupulous foreign donors who dump expired or banned products on them in the name of donations. The agency, which stated this at a ...

America’s new president, Donald Trump and North Korean leader, Kim Jong Un are currently among the most influential people in the world, according to TIME magazine’s “100 Most Influential People 2017”. Also on the list are other global leaders, business titans, artistes and athletes. This year’s 14th annual issue features ...

Olufemi Atoyebi, Ibadan The Olubadan of Ibadan land, Oba Saliu Adetunji, on Thursday, told the Deputy Inspector-General of Police, South-West, Foluso Adebanjo, that two deposed baales (chiefs) in Ibadan were taking the law into their own hands by using number plates bearing their former status and harassing people in their ...

Lagos State Governor, Mr. Akinwunmi Ambode yesterday called for convergence in foreign exchange (forex) rates and  interest rates’ reduction. He also pushed for a deliberate strategy to force down inflation rate to single digit as a means of stabilising the economy and putting ailing businesses back on track. Ambode, who ...

More than 150 Finance ministers are discussing ways to ensure that economic recovery and growth in their countries are sustained, International Monetary Fund (IMF) Managing Director Christine Lagarde said yesterday. Finance Minister Mrs Kemi Adeosun is among the discussants. The IMF projected that Nigeria’s economic growth will rise by 0.8 ...

The Federal Government yesterday arraigned Justice Sylvester Ngwuta of  the Supreme Court at the Code of Conduct Tribunal (CCT) on an eight-count charge of false declaration of asset. The Supreme Court justice was also accused of engaging in private business as a public officer. He was alleged to be trading ...

The value of the naira firmed at the parallel market yesterday after the Central bank of Nigeria pumped more dollars to the economy through the interbank and Bureau de Change ends of the foreign exchange market. The naira’s value rose by over 3.75 per cent to N385 per dollar yesterday, ...