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Nigeria
Dissecting Federal Govt’s Diversification Of Export Portfolio Drive
Nigeria is a country with dire need of exportable products. The consistent deficit in balance of trade (against Nigeria) is an indicator that Nigeria needs to extensively diversify its export portfolio and reverse the trend of constant pressure on the naira. Economic experts believe that value addition to economic product ...
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Nigeria
CBN Defends Multiple Exchange Rates
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said, the apex bank is expecting that the foreign exchange needed for the importation of petroleum products will decline by the end of this year when the Dangote Refinery commences operation. Emefiele, speaking on the sidelines of the ...
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Russia Nigeria
CBN N250bn Intervention: More Investment Needed As Call To End LPG Importation Intensifies
Amidst soaring price and disruption to gas market globally following the Russia and Ukraine war, Nigeria currently import over 55 per cent of LPG to meet growing demand for the product in the country. Nigeria’s LPG, consumption has risen to over 1,000,000 metric tonnes, yearly by December 2020, from 500,000MT ...
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Ghana
Foreign Investors Shunning Nigerian Ports For Togo, Ghana, Others Over Corruption – ICPC
The Independent Corrupt Practices and Other Related Offences Commission(ICPC) has said, foreign investors shun Nigerian seaports over high level of corruption and corrupt activities taking place in the port. Speaking when executive secretary, Nigerian Shippers Council (NSC), Emmanuel Jime, paid him a courtesy visit recently, the ICPC chairman, Professor Bolaji ...
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Nigeria
Calls On Emefiele To Contest Presidency Distracting – ADC
The African Democratic Congress (ADC) has condemned calls on the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, to join the 2023 presidential race while still in office, saying they are “negatively impacting the local money markets and erasing foreign investors confidence in Nigeria.” The ADC asked Emefiele to urgently ...
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Nigeria
NESG Mourns Death Of Founding Father, Dick Kramer
Nigerian Economic Summit Group (NESG) has expressed sadness over the death of one of its founding fathers, Mr Dick Kramer, a top management expert and unarguably, the patriarch of management consulting in Nigeria. In a statement, the NESG eulogised Kramer for his intellect, saying his outstanding contribution to business management ...
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Ghana Kenya Nigeria
Nigeria‘s ID Africa Expands Operation To Ghana, Kenya
Info Digital Africa (ID Africa), a Nigerian public relations, marketing communications and strategic advisory company, has announced the launch of its operations in Ghana and Kenya. The announcement coincides with the company’s seventh-anniversary celebrations. Africa’s diverse offering of human and natural resources has the potential to become the world’s largest ...
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Nigeria
Attitude Change Will Help To Sanitise Environment – Odumboni
The Managing Director/ CEO of the Lagos Waste Management Authority, (LAWMA), Mr. Ibrahim Odumboni, has canvassed radical attitude change among Lagos residents toward waste management , saying it will help to sanitize the environment. Odumboni stated this at a one-day stakeholders’ meeting on Public Health Law 2015 and Environmental Management ...
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Nigeria
Google Equiano Sea Cable Will Boost Nigeria’s GDP With $10bn, Says Sanwo-Olu
Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday witnessed the virtual landing of the Google Equiano Sea Cable System in Nigeria, saying the new cable system will generate 1.6 million jobs and boost the nation’s Gross Domestic Product (GDP) with $10 billion. He said with the landing of the sea ...
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USA
Musk says he has financing to take Twitter buyout bid to investors
NEW YORK: Elon Musk has lined up $46.5 billion in financing for a possible hostile takeover of Twitter and is "exploring" a direct tender offer to shareholders, according to a securities filing released Thursday.