Nigeria
Vai alla Scheda Paese »A man of worth never gets up to unsay what he said yesterday.
— Chinua Achebe
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‘Not in my country’ gets UN, EU support
Ramon Oladimeji The Akin Fadeyi Foundation says it has secured the partnership of the European Union and the United Nations for its pan-Nigeria campaign against retail corruption tagged, ‘Not in my country.’ The Founder/Executive Director of the foundation, Mr. Akin Fadeyi, disclosed in a statement on Tuesday that the United ...
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Dasuki gave Oronsaye N50m cash, breached money laundering law – Witness
Ade Adesomoju, Abuja The Economic and Financial Crimes Commission on Tuesday closed its case against a former Head of Service of the Federation, Mr. Stephen Oronsaye, who is being prosecuted on charges of criminal breach of trust involving alleged diversion of N382.9m belonging to the Federal Government. The sixth and ...
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‘Enugu’ll destroy kidnappers’ houses’
Ihuoma Chiedozie, Enugu Residential and other public houses used for kidnapping would henceforth be demolished in Enugu State. In the alternative, such houses would be forfeited to the state government. These are among the provisions of the amended Criminal Code Law, Cap 30, Laws of Enugu State, House Bill 12, ...
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Come up with PPP projects, FG tells MDAs
Ifeanyi Onuba, Abuja The Federal Government on Tuesday challenged its key Ministries, Departments and Agencies involved in infrastructure provision to come up with bankable projects that would be implemented under the Public-Private Partnership arrangement. The Permanent Secretary, Ministry of Budget and National Planning, Mrs. Fatimah Mede, gave the charge at ...
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Massive spill as militants attack Forcados export line again
Ovie Okpare, Warri Nigeria’s crude oil export has suffered a major setback as the reopened 48-inch offshore Forcados crude export line operated by Shell Petroleum Development Company in Burutu Local Government Area of Delta State has been blown up again by suspected militants. The incident, which our correspondent gathered occurred ...
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Court dashes FG’s hope on N2.5tn stamp duty revenue
Everest Amaefule and Ade Adesomoju The Court of Appeal sitting in Lagos has dashed the hope of the Federal Government to raise about N2.5tn per annum from stamp duties on bank lodgements with value of N1,000 and above. Ruling on an appeal filed by Standard Chartered Bank against Kasmal International ...
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North to get N183bn solar power plants
Okechukwu Nnodim, Abuja A consortium of German renewable energy companies led by Nigus has concluded plans with the Federal Government to build five solar power plants worth N183bn ($600m) in some North-Eastern states. According to the Nigerian Investment Promotion Council and the consortium, each of the solar power plants will ...
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CBN, SEC, others fingered in N450bn un-remitted operating surpluses
The Federal Ministry of Finance said it constituted a committee to recover unremitted operating surpluses of agencies of government, running into N450billion. The committee led by the Accountant General of the Federation, Alhaji Ahmed Idris, was mandated to reconcile the operating surpluses of 31 revenue-generating agencies of government for the period ...
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Truekolours Hub to launch Bizstagram Wednesday
Truekolours Hub on Tuesday announced the launch of Africa’s first virtual exhibition centre for women entrepreneurs doing business in Africa, “Bizstagram”. Bizstagram, according to Truekolours Hub in a release, gives entrepreneurs the opportunity to showcase their businesses with storified pictures and videos in a way that allows people from around the ...
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Zamfara cattle sellers bemoan low patronage
Cattle sellers in Gusau, Zamfara, have expressed concern over poor patronage. Alhaji Gambo Aliyu, the leader of cattle rearers, opposite Central Motor Park, Gusau, disclosed in Gusau. Aliyu said that cattle business often recorded low sales during normal days when there was no festival. “We hardly sell two cows in a day; ...
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Oil production: Lagos gets first 13% derivation fund December
’Femi Asu The Governor of Lagos State, Mr. Akinwunmi Ambode, has said the state expects to get its first derivation fund following the first export from the Aje oil field located offshore Lagos. Ambode disclosed this on Tuesday in Lagos at this year’s Annual International Conference and Exhibition of the ...
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We will move Nigeria beyond oil export, says Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says Nigeria will move beyond oil export and improve its economy. Kachikwu, who said this in the 2016 Nigerian National Petroleum Draft Policy, also clarified that the aim of restructuring the sector was to ensure efficiency and business enhancement. “Our ...
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Infrastructure deficit: FG demands PPP projects from MDAs
Ifeanyi Onuba, Abuja The Federal Government on Tuesday challenged key ministries involved in infrastructure projects to come up with bankable projects that would be implemented under a Public Private Partnership arrangement. The Permanent Secretary, Ministry of Budget and National Planning, Mrs Fatimah Mede, gave the charge while speaking at a ...
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Ex-ANAN chief predicts higher inflation
Dr Samuel Nzekwe, a former President, Association of National Accountants of Nigeria, on Tuesday predicted that the nation’s rate of inflation would still rise before the year comes to an end. Nzekwe told the News Agency of Nigeria in Ota, Ogun State, that this would be until the Federal Government ...
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Canada and Canadians Are No Stranger in Ethiopia
[Addis Fortune] Canada's Foreign Minister,Stephane Dion, was on a tour of three African countries - Nigeria, Kenya, and Ethiopia - this week.
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Nigeria: Deepen ADR to Attract Oil, Gas Investments - Rhodes-Vivour
[Daily Trust] Nigeria has been advised to deepen its Alternative Dispute Resolution (ADR) practice to resolve the intractable conflicts in the oil/gas sector in order to attract more investments.
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Nigeria: Oil Sector Attracts $393 Million Foreign Investment in 9 Month
[Vanguard] Efforts of the Federal Government at sanitizing the petroleum industry and attracting the much-needed investment into the industry appears to have started yielding positive results, as the foreign investment inflow into the oil and gas industry rose sharply to $392.85 million in the first nine months of 2016.
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Amosun signs land grabbers’ law, defaulters risk death sentence
Samuel Awoyinfa, Abeokuta The Ogun State Governor, Senator Ibikunle Amosun, on Monday signed a bill into law which prescribes 25 years imprisonment or death sentence for anyone found guilty of land grabbing. He signed the bill 34 days after the state House of Assembly passed it. The law criminalises land ...
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Fani-Kayode’s absence stalls alleged N4.9bn fraud case
Ade Adesomoju and Ramon Oladimeji The ongoing trial of a former Minister of Aviation, Chief Femi Fani-Kayode, and two others for an alleged fraud of N4.9bn was stalled on Monday due to Fani-Kayode’s absence before the Federal High Court in Lagos. Standing trial with Fani-Kayode are a former Minister of ...
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N3.6bn cars: NLC, TUC, others knock Reps
Fidelis Soriwei and Ramon Oladimeji The Nigeria Labour Congress and the Trade Union have condemned the decision of the leadership of the House of Representatives to procure 360 exotic cars worth N3.6bn for its members when the nation is going through economic recession. Also condemning the action of the lawmakers ...