Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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How Nigeria can get out of recession – Tambuwal
Adeniyi Olugbemi, Sokoto Sokoto state Governor, Alhaji Aminu Waziri Tambuwal, have added his voice in proffering solution on recession currently bedevilling the nation’s economy. Governor Tambuwal, who fielded questions from journalists in Sokoto also supported experts call on the Federal Government to inject more money into the economy. According to ...
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Lawmaker wants anti-kidnapping squad
The Lagos State House of Assembly Committee on Information, Strategy and Security has called on Federal Government to dedicate a Special Squad of specialised law enforcement agents and intelligence personnel to combat kidnapping. The Chairman of the committee, Mr. Tunde Braimoh, made this call following the kidnapping of two guards ...
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‘Nigeria, Best Place For Investments With Maximum Returns’
The chairman, chief executive officer of Bon Hotels Grand Pela and Suites Abuja, Mr Peter Nwakeze, has said irrespective of the economic situation globally, that Nigeria continues to remain the best place for investments guaranteed to yield maximum returns. According to him, local and international investors should take a cue ...
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Appraising Funding Options For New Oil, Gas Projects In Nigeria
Local oil companies (LOCs) are currently experiencing funding challenges as access to loans is becoming increasingly difficult. CHIKA IZUORA examines various options available to them. Experts at the Guarantee Trust Bank (GTB) recently disclosed in their 2017 Economy Outlook entitled: “Macroeconomic and Banking Sector Themes for 2017,” said that the ...
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Fayose at finance ministry, demands payment of N1.1bn allocation
Ifeanyi Onuba, Abuja The Governor of Ekiti State, Ayodele Fayose, on Wednesday visited the headquarters of the Federal Ministry of Finance and demanded the release of the state’s N1.1bn budget support facility for the month of January. Fayose visited the ministry and requested to see the Minister of Finance, Mrs. ...
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AGF Malami queries Emefiele on alleged Forex fraud in CBN
Ade Adesomoju, Abuja The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), has said there are corruption allegations in the Central Bank of Nigeria’s foreign exchange allocation and transactions. Malami added, on Wednesday, the fraud allegations were “supported by several documents.” The PUNCH sighted a ...
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Nigeria’s oil export to India falls by 54%
’Femi Asu with agency report Nigerian oil supplies to India fell by 54 per cent last month from a year ago, following the militant attack on the Trans Forcados Pipeline. Reuters reported that the development forced key Indian clients of Nigeria, mostly state-run companies, to turn to Angola with imports ...
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Ladoja’s trial for alleged N4.7b theft aborted
The trial of former Oyo State Governor Rashidi Ladoja was aborted on Tuesday after Justice Mohammed Idris of the Federal High Court in Lagos insisted that the Economic and Financial Crimes Commission (EFCC) must comply with the law. Eight years after he was first arraigned, EFCC re-arraigned Ladoja for allegedly ...
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Workers shut CAC over poor welfare
Ifeanyi Onuba, Abuja Business activities were on Wednesday grounded at the headquarters of the Corporate Affairs Commission in Abuja following a protest by the workers over poor welfare conditions. The workers, under the auspices of the Amalgamated Union of Public Corporations, Civil Service, Technical and Recreational Services Employees, carried placards ...
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Nigeria’s Economy In The Light Of DMO’s Interventions
It is an incontrovertible fact that among the recessions that had taken place in Nigeria, none had been too disastrous like the current one. In its 56-year history, the country has gone through five recessions which had damaging economic consequences. Of the downturns, four were caused by the drop in ...
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Regular Power Supply Crucial To Nigeria’s Rapid Industrial Growth —Sowemimo
The federal and state governments have been urged to channel more resources to provision of basic amenities like electricity, potable water and other incentives that will accelerate the growth of small and medium scale industries in the country. The publisher of Pagepedia magazine, Mr. Abiodun Sowemimo who gave the charge ...
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Afreximbank, Ecobank sign MoU
The African Export-Import Bank (Afreximbank) says it has signed a Memorandum of understanding (MOU) with Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, on investment financing. A statement by the bank on Wednesday quoted Dr Benedict Oramah, the President of Afreximbank, as saying that the collaboration would open ...
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India launches record 104 satellites
India has created history by successfully launching 104 satellites on a single mission, overtaking the previous record of 37 satellites launched by Russia in 2014. All but three of the satellites are from foreign countries, most of them from the United States, the BBC reports. The launch took place from ...
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Recession: Tambuwal Suggests Capital Projects Execution As Way Out
Sokoto State governor, Aminu Waziri Tambuwal has suggested possible pathway for the nation to overcome recession, saying that embarking on capital projects such as road construction and injection of more monies into the economy remained the best way out of the current recession. He also blamed the immediate past government ...
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Nigeria Already Getting Out Of Recession – Presidency
The federal government has said that the Nigerian economy is already on its way out of recession. The government based it’s assertion on the 8-fold over subscription of its recent Eurobond (orders in excess of US$7.8 billion compared to a pre-issuance target of US$1bn), which the government posits has demonstrated ...
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NASS not responsible for economic recession – Reps
John Ameh, Abuja The House of Representatives on Tuesday denied playing any roles that could have led to the current economic recession being faced in the country. But, is said it would be deeply involved in efforts to recover the economy within the next three months. The Chairman of the ...
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Nigeria’s economy on course for recovery, growth – Presidency
Olalekan Adetayo, Abuja The Presidency on Tuesday said the nation’s economy which is currently in recession was currently on course for recovery and growth. This was contained in the 23rd newsletter published by the Presidency Office of Digital Engagement, a copy of which was posted on the official website of ...
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FG to link farmers, processors to ready export market for cassava chips
The Federal Government says it will assist cassava farmers and processors to create linkage markets to guarantee export and sale of cassava chips at the international market. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this at an Agribusiness Supplier Development Programme (ASDP) meeting organised by the ...
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Nigerian economy moving out of recession – FG
The Federal Government has said the over subscription of its recent Eurobond (orders in excess of $7.8 billion compared to a pre-issuance target of $1bn) showed strong market appetite for Nigeria. It also said the development is confirming confidence of the international investment community in Nigeria’s economic reform agenda. These ...
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Bank of Industry promotes made-in-Nigeria goods
…To increase N1b fashion fund In its continued effort at boosting the creative economy, Nigeria’s developmental financial institution, Bank of Industry (BoI) organized a two-day masterclass for fashion designers in Lagos and Abuja on February 8 and February 10 respectively. The sessions were helmed by famous international fashion strategy and ...
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Pembroke FC team manager charged with football bribery, bail denied
The team manager of Pembroke Football Club was today charged with bribery in yet another alleged match-fixing case. The accused is Uchenna sive Ucha Anyanwu, 30, who was born in Nigeria but has lived in Malta for the past 13 years. He denied attempting to bribe Mosta FC players.Defence lawyers ...