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Nigeria
Finance ministry contradicts Adeosun, says Nigeria’ll continue to borrow
Ifeanyi Onuba, Abuja The Ministry of Finance on Thursday said that the Federal Government would continue to borrow from foreign and domestic financial institutions to fund its programmes. The ministry stated this in a statement issued on Thursday by the Director of Information, Mr. Salisu Dambatta. The statement contradicts the ...
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Giappone Nigeria
Nigeria emerges Japan’s biggest supplier of Sesame seed
Anna Okon Nigeria is currently the biggest supplier of Sesame Seed to Japan. The Deputy Trade Commissioner of Japan External Trade Organisation, Chiharu Yamamura, said this while making a presentation at a seminar and selection exercise for participation of Nigerian food and beverage exporters in the 43rd edition of the ...
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Nigeria
Nigeria has let a crisis go to waste
The term “dead cat bounce” derives from the fact that even a dead cat will bounce if it falls from a great height. If you imagine a dead cat soaked in crude oil and dropped from a 50-storey building, you get a rough picture of how Nigeria’s economy is performing ...
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Nigeria
LASG threatens land-grabbing rulers with dethronement
Sesan Olufowobi The Lagos State Government on Thursday said it would dethrone any traditional ruler that engaged in land-grabbing activities. The Coordinator, Lagos State Taskforce on Land Grabbing, Jide Bakare, stated this in Ikeja at a sensitisation programme on the Lagos State Property Protection Law, 2016, organised by the Office ...
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Nigeria
Debts: Reps demand N2.7tn settlement proposal details
Adelani Adepegba, Abuja John Ameh, Abuja Barely 24 hours after the Federal Government announced a proposal of N2.7tn to offset accumulated local debts and other services, the House of Representatives on Thursday demanded the details of the plan. Lawmakers passed a resolution asking the Minister of Finance, Mrs. Kemi Adeosun, ...
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Nigeria
Reps probe killing of 97 Nigerians by Cameroonian soldiers
John Ameh, Abuja The House of Representatives, on Thursday, summoned the Minister of Foreign Affairs, Mr. Godfrey Onyeama, over the alleged killing of 97 Nigerians by Cameroonian Gendarmes. The soldiers were said to have murdered the Nigerians, who resided in the part of the Bakassi Peninsula ceded to Cameroon by ...
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Nigeria
‘The challenge of security, peace in times of economic recession’
To Prof John A. Ayoade of the BOWEN University in Iwo, Osun State, political power can be reconfigured, though not without resistance, but it is not as easy to reconfigure the economy. The professor Emeritus, in this article, entitled: “The challenge of peace and security in times of economic recession: ...
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Nigeria
Why Fed Govt must honour aviation concession agreements, by minister, Babalakin
Minister of Information and Culture Lai Mohammed and Chairman of Bi-Courtney Aviation Services Ltd (BASL) Dr. Wale Babalakin said yesterday that the Federal Government must honour existing concession agreements with players in the aviation industry to attract investors. Failure to honour such agreements, they said, will act as a disincentive ...
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Nigeria
Fed Govt hires asset tracers to go after 150 moneybags
There is no hiding place for tax defaulters. The Federal Government has engaged the services of asset tracing-companies to investigate the tax payment status of 150 firms/individuals. Minister of Finance Mrs. Kemi Adeosun said yesterday in Lagos that investigators would rely on information derived from Bank Verification Number (BVN), records ...
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Nigeria
DMO allots N400.5m in savings bond sales
The Federal Government has allotted N400.5 million in its July 2019 and 2020 savings bond sales, the Debt Management Office (DMO) has said. The allotment results were obtained from the DMO’s website yesterday. About N160.7 million was allotted at 13.38 per cent, with 342 successful subscriptions to mature in July ...