Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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Nigeria: Enugu Free Trade Zone Attracts N240 Billion Investments
[Guardian] The Empower Free Trade Zone (ENPOWER FTZ) is expected to attract up to $500 million (about N240 billion) worth of Foreign Direct Investments (FDI) from leading global manufacturing companies.
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Nigeria: Enugu Free Zone Attracts N240 Billion Foreign Direct Invesment
[This Day] The Federal Government's economic diversification programme may have recorded a head-start as investment groups gather for the ground breaking ceremony of the Enpower Free Trade Zone (ENPOWER FTZ) scheduled by the end of this month with a target to attract N240 billion Foreign Direct Investment (FDI) and 20,000 ...
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$1.6bn fraud: EFCC re-arraigns Diezani’s ally, Omokore, others
Ade Adesomoju, Abuja The Economic and Financial Crimes Commission on Monday re-arraigned an ally of a former Petroleum Minister, Diezani Alison-Madueke, Jide Omokore, and others on nine counts of criminal diversion of about $1.6bn alleged to be part of proceeds of the sales of petroleum products belonging to the Federal ...
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Driver stabs in-law for raping two-year-old daughter
Olaleye Aluko The Lagos State Police Command has arrested a commercial driver, Saheed Wahab, for allegedly stabbing his in-law, Yisa Aweda, in the Orile area of the state. Our correspondent gathered that Wahab stabbed 40-year-old Aweda because he reportedly caught him raping his (Wahab’s) two-year-old daughter. PUNCH Metro learnt that ...
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Egypt court quashes Morsi life sentence
Egypt’s highest appeal court has overturned a life sentence handed down to ousted President Mohammed Morsi. The Court of Cassation ordered that the 65-year-old be retried on the charge of conspiring to commit terrorist acts with foreign organisations, the BBC reports. Last week, the court quashed a death sentence handed ...
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U.S to quit Pacific trade deal
President-elect Donald Trump said the United States will quit the Trans-Pacific Partnership trade deal on his first day in the White House. He made the announcement in a video message outlining what he intends to do first when he takes office in January. The TPP trade deal was signed by ...
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Nigeria’s Economy Slips Further Into Recession
Nigeria’s economy further receded in the third quarter, with a 2.24 per cent contraction in Gross Domestic Product (GDP), while real GDP expanded for the second consecutive quarter, the National Bureau of Statistics (NBS) said yesterday. According to latest data, real GDP, unadjusted for seasonality increased by 8.99 percent quarter ...
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CBN Denies Plan To Freeze Dom Accounts
The Central Bank of Nigeria (CBN) has denied claims that it was planning to confiscate funds in domiciliary accounts of individuals, saying the claim was “false”. The CBN also said yesterday that it does not have any plan to amend the nation’s Foreign-Exchange Act to sanction anyone found hoarding foreign ...
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Nigeria: 2017 Budget Targeted At Stimulating Private Sector Investment - Udoma
[Premium Times] The Federal Government said on Monday that the focus of the 2017 Budget would be to stimulate private sector investment and fast-track the exit of the economy from recession.
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Don’t misappropriate $100m GPE fund , warns World Bank official
The Senior Education Specialist, World Bank, Dr Tunde Adekola, has warned against the misappropriation of the $100m Global Partnership for Education Fund. Adekola, who is also the Task Team Leader of the project, gave the warning at the GPE/ Nigeria Partnership in Education support mission and stakeholders workshop on Monday ...
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$1.6bn oil fraud: EFCC re-arraigns Diezani’s ally, Omokore, others
Ade Adesomoju, Abuja The Economic and Financial Crimes Commission on Monday re-arraigned an ally of a former Petroleum Minister, Diezani Alison-Madueke, Jide Omokore, and others on nine counts of criminal diversion of about $1.6bn alleged to be part of proceeds of sales of petroleum products belonging to the Federal Government. ...
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Investments in telecoms hit $68b
Everest Amaefule, Abuja Investment in the Nigerian telecommunications industry since the advent of Global System for Mobile Communication in 2001 has hit $68bn. Of this amount, $35bn came from Foreign Direct Investments. Former Secretary General of the International Telecommunications Union, Dr. Hamadoun Toure, disclosed this in a keynote address at ...
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We’ll reject punishment for dollar hoarders – Senate
Leke Baiyewu, Abuja The Senate has rejected the recommendation by the Nigerian Law Reform Commission on the review of the Nigerian Foreign Exchange Act, which will empower the Central Bank of Nigeria to jail people for up to two years or fine them for 20 per cent of the amount ...
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Painter wins land in Elegushi worth N42m
An artisan, Lawal Saheed from Ijebu-Igbo, Ogun State has emerged star winner at the Imperial International Business City (IIBC) promotion which held in Lagos last week. Lawal, a painter by profession won a plot of land worth N42million. The IIBC is being developed by the Elegushi Royal Family and Channeldrill ...
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Cartel dos trens em São Paulo deve ser alvo de denúncia
Dois anos após a conclusão do inquérito pela Polícia Federal, a Procuradoria da República em São Paulo deve apresentar denúncia (acusação formal) contra o chamado cartel dos trens no Estado, esquema de fraudes em contratos do Metrô e da Companhia Paulista de Trens Metropolitanos (CPTM). Esta é a principal apuração ...
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Chi costringe alla prostituzione le ragazze nigeriane in Italia
Mentre in passato le ragazze nigeriane erano portate in Europa con l’inganno per alimentare il mercato del sesso, sempre più spesso sono loro stesse ad affidarsi alle madam, donne che fanno da mediatrici, ex prostitute che si sono trasformate in trafficanti. Viaggio nell’Edo, lo stato della Nigeria da cui provengono ...
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Nigeria: Enugu Free Trade Zone to Attract N240 Billion Investment
[Daily Trust] Lagos -The Federal Government's quest to diversify the nation's economy has received a boost as a global manufacturing companies have concluded plans to invest the sum of N240billion in the Enugu Free Trade Zone, which would also create over 20,000 jobs across three major regions in the country
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Nigeria: Govt, IOCs in Talks for New Investment Deals
[Leadership] The federal government and international oil companies are putting finishing touches to a multi-billion dollar deal aimed at attracting more investments and significantly improving the nation's oil sector.
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Nigeria: ITU 2016 Raises Hope for Telecoms Investment in Nigeria
[This Day] Nigeria's participation at the recently concluded International Telecommunication Union (ITU Telecoms World) conference, in Bangkok, Thailand, no doubt, has strengthen foreign investors' confidence to invest in Nigeria's telecoms sector, thus raising hope for future telecoms investment in Nigeria.
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How gunmen abducted ex-minister in Kaduna
Godwin Isenyo, Kaduna Gunmen on Sunday in Kaduna, the Kaduna State capital, abducted a former Minister of Foreign Affairs, Ambassador Bagudu Hirse, in front of the residence of a relation of President Muhammadu Buhari. The incident took place in front of Alhaji Mamman Daura’s residence on Inuwa Wada area at ...
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Local cement production saves Nigeria $2bn annually – Dangote
Okechukwu Nnodim, Abuja Nigeria is saving about $2bn annually as a result of the local production of cement by different manufacturers, the Dangote Group has stated. It also stated that the upsurge in cement production had helped increase the manufacturing sector’s contribution to Nigeria’s Gross Domestic Product from about four ...