Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Lagos oilfield investors’ dispute deepens
’Femi Asu The cash call dispute among the joint venture partners on the Aje oil field, located offshore Lagos, has yet to be resolved amid a mechanical problem limiting production from one of the wells. London-based energy firm, MX Oil, which has an indirect investment in Oil Mining Lease 113, ...
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Nigeria loses China’s second biggest trade partner position
Adelani Adepegba, Abuja Nigeria has dropped to the fourth position as China’s trade partner in Africa from its former second position, the Chinese Ambassador to Nigeria, Zhou Pingjian, has said. The envoy, however, noted that the relationship between the African country and Asian giants had a lot of potential, which ...
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Another Initiative Against Economic Recession
Last Monday, Senate President, Dr. Abubakar Bukola Saraki announced the “Made-in-Nigeria Challenge” – an offshoot of his campaign to stimulate public appeal for Nigerian made goods. Basically, the aim of the “Challenge” is to encourage local manufacturers by giving them the necessary incentive and support to grow and compete with ...
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School Feeding: Kaduna Govt Partners Civil Society
The Kaduna State Government yesterday met with Civil Society Organisations (CSOs) and Non Governmental Organisation (NGOs) to work out partnership arrangements for smooth implementation of its school feeding programme. The state’s Commissioner for Education, Science and Technology, Prof Andrew Nok, who declared the meeting open, said that the programme would ...
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Seven steps to saving lives and assisting people in Nigeria and Lake Chad Basin
Source: Catholic Agency for Overseas Development, ActionAid, COOPI - Cooperazione Internazionale, Global Alliance for Improved Nutrition, Norwegian Refugee Council, Tearfund, CARE, Caritas, Search for Common Ground, Christian Aid, Mercy Corps, Action Contre la Faim France, Médecins du Monde, Oxfam, International Rescue Committee, Refugees International, Save the Children, Plan, Secours Islamique ...
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Nigeria in unfortunate reality of ‘change’ – Murray Bruce
Mobola Sadiq Nigerian business magnate, founder of the Silverbird Group and Senator representing the Bayelsa East constituency, in Bayelsa State has decried the unfortunate economic situation in the country. Lamenting on his twitter handle, @benmurraybruce ,the senator tweeted that Nigeria had found itself in an unfortunate reality of ‘change’, and added ...
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Render forex returns in uniform format, CBN tells banks
Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Thursday directed Deposit Money Banks in the country to render returns on foreign exchange in a uniform format. The apex bank has been under pressure in the last few weeks over its policy on foreign exchange management which some people have ...
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Lagos advises police, others on child protection
Folashade Adebayo The Permanent Secretary, Lagos State Ministry of Youths and Social Development, Mr. Hakeem Muri-Okunola, has called on the Nigeria Police Force, especially officers in the various gender units of the Police Divisions, and other relevant stakeholders in the protection of children’s rights, to internalise the provisions of the ...
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Manufacturers, others got $2.8bn in two months —CBN
Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Thursday said it made available $2.83bn worth of foreign exchange for the importation of various types of equipment in the real sector of the economy between December 2016 and January this year. The amount was made available to the manufacturers to ...
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Render forex returns in uniform format, CBN tells banks
Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Thursday directed Deposit Money Banks in the country to render returns on foreign exchange in a uniform format. The apex bank has been under pressure in the last few weeks over its policy on foreign exchange management which some people have ...
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NEC asks CBN to review forex policy
Le Olalekan Adetayo, Abuja The National Economic Council on Thursday called on the Central Bank of Nigeria to embark on an urgent review of its foreign exchange policy. The council also resolved to inject fresh $250m into the Sovereign Wealth Fund. The decisions were taken at the council’s first meeting ...
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NEC demands review of foreign exchange policy
The National Economic Council (NEC) yesterday asked the Central Bank of Nigeria (CBN) to urgently review its foreign exchange policy. The NEC, chaired by Acting President Yemi Osinbajo, noted that the exchange rate, which had adversely affected the prices of goods and services, is no longer sustainable. The naira exchanges for ...
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Fed Govt denies withholding Ekiti’s allocation
The Federal Government has explained why it did not release the Budget Support Facility (BSF) to the Ekiti State government. A statement from the Federal Ministry of Finance yesterday, signed by Salisu Na’Inna Dambatta, Director (Information), described Governor Ayo Fayose’s claims as “incorrect as the ministry has not withheld any ...
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CBN: we don’t allocate forex directly to bank customers
The Central Bank of Nigeria (CBN) yesterday said it does not directly allocate foreign exchange (forex) to bank customers. Forex transactions occur between banks and their customers, the apex bank added. Special Adviser to the CBN Governor on Financial Markets Emmanuel Ukeje stated this on a television programme while responding ...
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CBN Disburses $2.8bn For Raw Materials In December, January
…Denies selling forex to bank customers directly In clearing backlog of dollar demands in the country, the Central Bank of Nigeria (CBN) said it has disbursed the sum of $2.83 billion for utilization in the critical sectors of the economy such as manufacturing, agriculture aviation, petroleum products between December 2016 ...
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AMCON: Arik Air Grounded By N352.5bn Debt
Arik Air was taken over by Assets Management Company of Nigeria AMCON because the airline was owing it N146 billion, out of a total N352.5 billion owed global creditors, AMCON’s CEO Ahmed Kuru has said. He made this known at a meeting with the Senate Committee on Banking, Insurance and ...
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FG Set To Launch Repackaged Job Creation Initiative, YouWin
The ministry of finance yesterday disclosed that the federal government has concluded plans to launch a re-designed Youth Enterprise With Innovation in Nigeria, YouWiNConnect! Programme. The YouWin programme, initiated by the administration of former president Goodluck Jonathan in 2011 as part of the government’s job creation initiatives, provides grants to ...
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Nigeria To Begin Exportation Of Seafarers – NIMASA
If the Nigerian Maritime Administration and Safety Agency (NIMASA) push through its provision for the beneficiaries of the Nigerian Seafarers’ Development Programme (NSDP) to obtain Certificate of Competency (CoC) by undergoing requisite sea time training to qualify for global shipping, Nigerian will join other maritime nations to export seafarers. Maritime ...
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Nigeria Vehicle Terminal Empty Despite FG Land Import Ban – Clearing Agents
Clearing agents operating at the Roll On Roll Off (RORO) seaport in Tin-Can Island Lagos have raised the alarm that activities were yet to improve at the port despite FG ban on importation of vehicles through land borders. The clearing agents who spoke under the aegis of National Association of ...
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BoI Promotes Made In Nigeria Goods
In its continued effort at boosting the creative economy, Nigeria’s developmental financial institution, Bank of Industry (BoI) organised a two-day master class for fashion designers in Lagos and Abuja on February 8 and February 10 respectively. The sessions were helmed by famous international fashion strategy and brand development expert, Mercedes ...
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Forex: CBN releases $2.8bn to manufacturers, others in two months
Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Thursday said it had disbursed the sum of $2.83bn worth of foreign exchange for the importation of various types of equipment in the real sector of the economy. The amount was made available to the manufacturers to enable them source for ...