Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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FIRS to support Nigerians in Diaspora willing to invest in Nigeria –Fowler
The Federal Inland Revenue Services (FIRS) says it will provide the required information, guide and answer the questions on tax matters of Nigerians in the Diaspora interested in investing in the country. The Acting Chairman of FIRS, Mr. Babatunde Fowler, said this while receiving the Senior Special Assistant to President ...
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Lagos To Commence Sales Of Lake Rice Tomorrow
Indications have emerged that the Lagos State Government will begin sales of the much expected Lake Rice it produced in partnership with Kebbi State Government to members of the public at the sum of N12, 000 per 50 Kg bag with effect from tomorrow. A source told our correspondent that ...
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Onitsha NBA seeks review of 1999 Constitution
The Onitsha Branch of Nigerian Bar Association has called for review of 1999 Constitution of Nigeria to reflect true federalism and give regions room to develop independently. The Branch Chairman, Mr. Ikenna Chibuzor, made the call on Tuesday in Onitsha, Anambra at the opening ceremony of the 2016 Law Week. ...
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Our foreign missions lack funds, Buhari laments
Olalekan Adetayo, Abuja President Muhammadu Buhari on Monday regretted that the funds available to run the nation’s missions abroad would not be as robust as his administration would want until the economic situation improved. He urged the nation’s ambassadors-designate to learn to “do more with less.” According to a statement ...
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Access Bank marathon: 125 foreigners apply
A total of 125 foreign elite athletes have declared their interest in the February 11, 2017, Access Bank Lagos City Marathon. But the General Manager of the marathon Yussuf Alli says only 60 foreign elite athletes and 100 Nigerians will be invited. Alli said, “We are expecting 50,000 participants this ...
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24- hour curfew imposed on Kafanchan
Jema’a Local Government Council authority of Kaduna State has imposed a 24 hour curfew on Kafanchan and its environs to prevent further break down of law and order following a massive protest by youths of Kafanchan. The youths have been protesting what they called unending killings in Southern Kaduna and ...
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Monetary authorities faced with very difficult choices – CBN
Stanley Opara Monetary authorities in Nigeria are currently being faced with very difficult choices in the trade-off between tackling inflation, supporting growth and exchange rate stability, the Deputy Governor, Economic Policy, Central Bank of Nigeira, Sarah Alade, has said. She noted that achieving appropriate macroeconomic policies had continued to be ...
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Why retirees should take annuity –Leadway
Nike Popoola The General Manager, Life Business, Leadway Assurance Company Limited, Mr. Tinashe Muyambo, has urged retirees under the Contributory Pension Scheme to take annuity at their retirement because it will provide them with pensions for life. He said this during a forum, which was organised by the firm for ...
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NIS renews commitment to duty
Sesan Olufowobi The Lagos State Command of the Nigeria Immigration Service says its operatives are ready to carry out their duties efficiently to prevent all forms of security threats in the country. The NIS Comptroller of the state command, Mrs. Clara Okojie, stated this on Friday while congratulating officers of ...
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Cassava bread, still a mirage after 34 years
In spite of huge investments made by the Federal Government in the cassava bread initiative over a period of 34 years, the project has remained a pipe dream, NIKE POPOOLA writes. The founder of Idera Oluwa Super Bread in Ibadan, Mr. Abass Abiodun, was one of the bakers that were ...
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N7.29tn budget: Nigeria can’t do without borrowing, say Reps
John Ameh and Leke Baiyewu The leadership of the House of Representatives said on Sunday that Nigeria had no choice but to borrow money to fund the 2017 budget. It noted that in a country battling economic recession, the government must spend money to reflate the economy and invest heavily ...
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UK to invest $1bn in Nigeria’s transport sector
Rasheed Bisiriyu Firms from the United Kingdom have revealed plans to invest over $1bn (about N305bn) in the transport sector of the Nigerian economy. The investments, expected to come on stream within 18 months, are aimed at improving the operations of Nigeria’s maritime, railway and aviation industries, according to a ...
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FG launches workers’ N13bn Mortgage Refinancing Scheme
In furtherance of its sustained efforts to offset housing deficit in the country, the Federal Government has launched a N13 billion Federal Civil Servants Mortgage Refinancing Scheme by the Nigeria Mortgage Refinance Company Plc (NMRC). Speaking at the launch event, the Minister of Finance, Mrs. Kemi Adeosun, said that the ...
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Nigeria’s economy now mortgaged by foreigners —Umar
The Director Research, Policy and International Relations Department, Nigeria Deposit Insurance Corporation, NDIC, Mr. Yayangida Umar, has described the current state of Nigeria’s economy which its critical sectors are dominated by foreigners as unhealthy for the country. Umar explained that no country can experience real growth when its economy had ...
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Regulators mull private sector-driven bank for industry risks
As the lifespan of the Assets Management Company of Nigeria (AMCON) draws closer to its end, financial industry regulators are putting heads together to introduce a new private sector driven bad bank which will replace it. According to the Managing Director and Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), ...
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ARIAN, CIIN disagree over certification fee
A‘WAR’ is brewing between the Association of Registered Insurance Agents of Nigeria (ARIAN) and the Chartered Insurance Institute of Nigeria (CIIN) over the agency fee charged by the institute. The disagreement arose from the longstanding issue of the N12, 500 to be paid by applicants to get the CIIN proficiency ...
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Explorer wins Luxury Car of the Year
The Ford Explorer has been named Luxury Car of the year at the World Marketing Awards, reinforcing its status as a segment-defining model in the SUV vehicle sector. The award was accepted by the marketing team of Coscharis Motors, the sole authorised Ford dealer in Nigeria, at the prestigious Marketing ...
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‘Recession will make us look inward’
To the Group Managing Director/Chief Executive Officer of UAC Nigeria PLC (UACN), Mr. Larry Ephraim Ettah, Nigeria’s recession is structural. So, to get out of it, he says, the government must encourage growth because recession means negative growth. Ettah, who presides over the Nigeria Employers Consultative Association (NECA), says foreign ...
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Concerns Over Development Bank Bill (1)
Many people who hear that the National Development Bank of Nigeria (NDBN) is to be set up to provide low-cost loans to SMEs scratch or shake their heads, wondering what has happened. Although, some Development Finance Institutions are said to be in the red and are non-performing, some stakeholders go ...
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NUT Posts N85.62m Benefit In Niger
Nigeria Union of Teachers, Niger State Social Security Scheme, Endwell Micro Finance bank has posted N85.62 million profit with three years, climbing the ladder of the most formidable Micro finance bank in Nigeria. Addressing a news conference Preceding the Annual General meeting in Minna, the chairman of the board of ...
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92 CSOs Threaten To Shut Down NASS Over SGF
92 Civil Society Organisations (CSOs) have threatened to besiege the National Assembly should the Senate fail to tender an unreserved apology to the Secretary to the Federal Government (SGF), Babachir Lawal, within 48 hours adding that they will not allow the image of “iconic leaders to be dragged to the ...