Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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2017 Budget can’t make any difference – Osinbajo
*VP says real contribution must come from private sector Olalekan Adetayo, Abuja Vice-President Yemi Osinbajo on Thursday put the figure of the 2017 Appropriation Bill yet to be presented to the National Assembly at about N7trillion. He however said the budget size was not big enough to have a huge ...
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Trade restriction: Sacked workers win case against MTN
Ramon Oladimeji The Lagos Division of the National Industrial Court has ordered MTN Nigeria Communications to pay full four years post-disengagement salaries to 63 workers, which were laid off by the company in 2009. The court presided over by Justice P.O. Lifu also awarded additional N10,000 against MTN in favour ...
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Gates donates $2m to Governors’ Forum
Olusola Fabiyi, Abuja The Nigeria Governors’ Forum and Bill Medlinda Gates Foundation on Thursday in Abuja, announced a new partnership, which they said was aimed at strengthening cross-state policies in Nigeria. The policies, it was stated, would also strengthen financial resources that they said would benefit the poorest people in ...
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Why Naira spike continues – Gwadabe
The President, Association of Bureau De Change Operators of Nigeria , Alhaji Aminu Gwadabe, has identified speculation, hoarding and increasing zero confidence of foreign investors among others as the reason for the continued spike in the exchange rate. The ABCON chief also said that the existence of a Non-Derivable Forward ...
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Security in northeast has improved significantly – Buhari
President Muhammadu Buhari has said that his administration remains committed to realising the key priorities of securing the country, fighting corruption, and salvaging the economy in spite of current challenges. The president stated this when he received the Letter of Credence of the United States Ambassador to Nigeria, Mr. William ...
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UBA, AfDB sign $150m loan agreement
The African Development Bank Group (AfDB) and Nigeria’s United Bank for Africa (UBA) have signed a $150 million loan agreement to finance Small and Medium Scale enterprises (SMEs). The loan was initiated to also finance infrastructure and women-owned enterprises in Nigeria, AfDB said in its news release. “The Fund will ...
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Finding ways to combat malnutrition
Source: Food and Agriculture Organization of the United Nations Country: WorldInternational meeting is seeking to find ways to improve diets and food systems as an estimated one in three people suffers some form of malnutrition, says the UN Food Agency.One in three people suffers some form of malnutrition – Enormous economic ...
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Ex-UNILAG beggar becomes lawyer, thanks PUNCH
Ade Adesomoju, Abuja A former street beggar, Mr. Abdulsalam Idowu, heaved a sigh of fulfilment of a life ambition as he was called to the bar to start practising as a lawyer in Nigeria on Wednesday. Idowu, who defied all odds, to bag his law degree from the University of ...
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Sagay panel attacks labour leaders, says they’re corrupt
The Presidential Advisory Committee Against Corruption has kicked against the suggestion that the labour unions should have representatives in the committee. PACAC, which is led by Prof. Itse Sagay (SAN), said the Nigeria Labour Congress and the Trade Union Congress, being not free of corruption themselves and their leaders not ...
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NDLEA arrests newly-wed, tricycle rider with N575m heroin
A newly-wed, Sunday King, and a tricycle rider, Chinedu Egwin, have been arrested by the National Drug Law Enforcement Agency for allegedly smuggling heroin worth N575m into the country. PUNCH Metro learnt that the suspects were apprehended at the Murtala Muhammed International Airport, Lagos with 6.4 kilogrammes of the drug. ...
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Nigeria records $200m FinTech investment in two years
NIGERIA has recorded over $200m in Financial Services Technology in the last two years, industry experts have said. The experts disclosed this at the 2016 FinTech summit, organised by KPMG, a global network of professional firm providing audit, tax and advisory services. The Partner and Head, Financial Services Technology, KPMG ...
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BoI disburses N5bn to SMES in agro-processing sector
Ifeanyi Onuba, Abuja THE Bank of Industry on Wednesday put the funding support to about 242 entrepreneurs in the North-Central region at N5bn. It said out of this amount, N1.5bn was disbursed to 62 SMEs in the agro-processing sector in the 2016 fiscal period alone. The Managing Director, BOI, Mr. ...
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FG to probe banks over stamp duty collection
Everest Amaefule, Abuja The Federal Government is set to probe the 22 Money Deposit Banks operating in the country to determine how much they have gathered so far since they started collecting stamp duty fees on deposits into banks accounts, investigation has shown. Our correspondent learnt that some of the ...
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Ambode wants local artisans to outdo foreign experts
Sesan Olufowobi Governor Akinwunmi Ambode of Lagos State says his administration will boost the skills of artisans in the state to make them have an edge over their foreign counterparts. The governor, who also granted approval for the training of 1,500 artisans in the state, spoke at the 7th Tradesmen ...
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ARMTI to discuss agriculture at 19th annual lecture
Success Nwogu The Agricultural and Rural Management Training Institute will today (Thursday) host its 19th annual lecture at its campus. The Public Relations Officer, ARMTI, Mr. Mayowa Gidado, gave the topic of the lecture as: ‘Youth in agriculture: Possibilities and opportunities for sustainable agricultural business in Nigeria’. The guest lecturer ...
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Adegboruwa wants post-humous SAN for Agbaje
Activist lawyer, Mr. Ebun-Olu Adegboruwa, has called for the conferment of the rank of the Senior Advocate of Nigeria post-humously on Lagos-based human rights lawyer, Mr. Fred Agbaje, who died last Saturday. The Fred Agbaje’s Chambers, in a brief statement on Sunday, officially announced the death of its principal partner, ...
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Man caught with heroin at airport four days after wedding
A commercial tricyclist in Owerri, the Imo State capital, and an Abuja-based trader have been caught by National Drug Law Enforcement Agency (NDLEA) officials at the Murtala Mohammed International Airport (MMIA), Lagos with 6.390kg of substances that tested positive for heroin. One of them, Cajetan Chinedu Egwin, was arrested on ...
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Better Prospects For Economy As OPEC Cuts Output By 1.2mbpd, Nigeria Exempted
Hopes of Nigeria’s economic recovery have been rekindled following a major output cut deal sealed by the Organisation of Petroleum Exporting Countries (OPEC). OPEC at its 171st meeting in Vienna, Austria, yesterday, agreed to cut oil production by 1.2 million barrels per day, with effect from January 1, 2017, after ...
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NDLEA arrests tricycle rider, trader with heroin at MMIA
The National Drug Law Enforcement Agency on Wednesday arrested a commercial tricycle rider and a trader with heroin at the Murtala Mohammed International Airport in Lagos. The agency’s spokesperson, Mr. Mitchell Ofeyeju, in a statement, said the arrest was in connection with unlawful importation of 6.390kg of substances that tested ...
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Reps seek large scale production of palm oil
The House of Representatives on Wednesday urged the Federal Government to encourage large scale palm oil production for export to boost the country’s foreign exchange earnings. This is contained in a resolution following the adoption of a motion titled “Need for Revival of Large Scale Production of Palm Oil in ...
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NDLEA confiscates over 37 tonnes of hard drugs
The National Drugs Law Enforcement Agency, Kano State Command, t confiscated over 37 tonnes of hard drugs between January and November. The State Commandant, Alhaji Hamza Umar, disclosed this during a news conference in Kano. Umar said that the drugs include three tonnes of cannabis sativa and over 34 tonnes ...