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: Stakeholder Wants Government to Invest Fallow Pension Funds in Sector
[Guardian] Abuja -Coordinator of the Education Sector Investment Promotion (EduInvest), Arete-Zoe Affiong Amana, has urged the Federal Government to consider investing fallow pension funds to boost education in the country.
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Nigeria: RMAFC Lauds Nigeria's U.S.$15 Billion Cash for Oil Deal With India
[Daily Trust] The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has lauded the $15billion (about N5.2 trillion) cash for oil deal negotiated on behalf of the Federation with the Indian Government by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu in a bid to shore up Nigeria's foreign ...
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Recession: CBN, Heritage Bank disburse N930m to 310 entrepreneurs
The Central Bank of Nigeria, CBN, in conjunction with Heritage Bank Plc, yesterday, commenced the process for the disbursement of N930 million to 310 young entrepreneurs under the Youth Entrepreneurship Development Programme, YEDP, so as to help address the rising unemployment situation in the country, empower the youths and reactivate ...
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No plan to reduce flight operations in Nigeria – Lufthansa Airline
An international carrier, Lufthansa Airline, on Thursday said it had no plan to reduce its flight operations in Nigeria. The airline’s Media Consultant, Mr. Hakeem Jimoh, made the disclosure to aviation correspondents in Lagos. Two foreign airlines, Emirates and Kenya, recently announced suspension of their flights to the Nnamdi Azikiwe ...
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Confiscated cows to go for ‘stomach infrastructure’ – Fayose
Inaugurates grazing enforcement marshals Ekiti State Governor, Ayodele Fayose has declared that any cow confiscated under the State Grazing Regulation Law will be slaughtered and shared to the people as part of the “Stomach Infrastructure” policy of his administration. The governor who disclosed this on Thursday in Ado Ekiti during ...
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Illegal oil export: Judge’s absence stalls FG’s $406m suit against Shell
Ramon Oladimeji A Federal High Court in Lagos has adjourned till December 8, 2016 to hear a suit filed by the Federal Government against a multinational oil company, Shell Western Supply & Trading Ltd, over alleged illegal crude oil exports. The Federal Government alleged that Shell Western Supply & Trading ...
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NDLEA confiscates €325,640; $30,000 at Lagos Airport
National Drug Law Enforcement Agency, NDLEA, has announced the seizure of 325,640 and $30,000 at the Murtala Muhammed International Airport, MMIA, Lagos. The sum is about N175 million when converted into the Nigerian currency. NDLEA said the money was smuggled from Greece and Austria into the country. A statement by ...
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Nigeria reclaims ranking as Africa’s largest economy
Barely three months of reporting the displacement of Nigeria by South Africa as Africa’s largest economy, the International Monetary Fund, IMF, yesterday revised itself and affirmed Nigeria as the biggest economy in Africa. This followed its recalculation of the various countries’ Gross Domestic Product, GDP. According to the Fund’s latest ...
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Nigeria’s Economy Still Largest In Africa–IMF
The International Monetary Fund (IMF) has affirmed Nigeria’s economy as the biggest in Africa, ahead of South Africa and Egypt, despite the economic recession the country is battling with. Nigeria was reported to have lost its spot as Africa’s biggest economy to South Africa in August 2016, following the recalculation ...
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LASG seeks improved collaboration with unions
Samson Folarin The Lagos State Government has called for improvement in the relationship between the government and labour unions in the state. The Lagos Head of Service, Mrs. Olabowale Ademola, said such would help to boost the productivity of workers and improve the economy of the state. She spoke at ...
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World Food Day: Omotola shares Knorr meal with pupils
For the third year in a row, Knorr, Unilever’s largest brand, in partnership with the United Nations’ World Food Programme, marked the 2016 World Food Day with the #ShareAMeal campaign. This year’s activation, which began at Marigold College, Oworonshoki, Lagos, had popular actress and Knorr’s brand ambassador, Omotola Jalade-Ekeinde, and ...
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NDLEA intercepts 325,640 Euros, $30,000 cash at Lagos Airport
Officials of the National Drug Law Enforcement Agency (NDLEA) have intercepted 325,640 Euros and $30,000 (About N175m) in cash about to be smuggled into the country from Greece and Austria. The cash, concealed inside envelopes and shoes, was seized at the Murtalla Muhammed International Airport (MMIA) in Lagos during the ...
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Ambode fires three commissioners, more may follow
Sesan Olufowobi Governor Akinwunmi Ambode of Lagos State on Wednesday sacked three commissioners from the state cabinet. The Commissioner for Tourism, Mr. Folorunsho Folarin-Coker; his counterparts in Finance, Dr Mustapha Akinkunmi; and Transportation, Dr Ekundayo Mobereola, were removed a year after they were appointed into office. The Secretary to the ...
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Nigeria’ll return as Africa’s largest economy, says IMF
Rasheed Bisiriyu and Oyetunji Abioye Nigeria is set to overtake South Africa and reclaim its spot as the biggest economy in Africa at the end of the year, the International Monetary Fund has predicted. In its latest report, the IMF projected that Nigeria’s Gross Domestic Product would hit $415.08bn at ...
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Money laundering: Fani-Kayode, Usman get new trial date
The absence of Justice Sule Hassan of a Federal High Court in Lagos, on Wednesday stalled the trial of a former Minister of Aviation, Femi Fani-Kayode, over money laundering. Fani-Kayode, who was also former Director of Media and Publicity, campaign committee of ex-President Goodluck Jonathan, is charged alongside a former ...
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Managing migration effectively: EC reports progress with third countries
The European Commission today presented its first progress Report on implementing the Partnership Frameworks with third countries: the EU's new approach to more effectively managing migration jointly with countries of origin and transit is starting to yield results.Four months after the Commission proposed this new Framework and its endorsement by ...
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CBN And Health Of Banks
The Central Bank of Nigeria (CBN) has continued to reassure Nigerians that the banking sector is healthy. The apex financial institution insisted that no deposit money bank (DMB) was on the verge of going under. It also said that like in every other business engagement, negative profit can and do ...
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U.S. Backs PMB On Economic Diversification
United States yesterday said that President Muhammadu Buhari administration’s efforts in diversifying Nigeria’s economy into non-oil export would make the nation’s export more attractive to America and the rest of world. Peter Barlerin, Deputy Assistant Secretary, West Africa and Economic and Regional Affairs, was disclosed this at a news conference ...
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Why banks suspended payment card use abroad
Oyetunji Abioye Facts emerged on Tuesday that banks in the country decided to stop their naira debit cards from working abroad after the Central Bank of Nigeria asked them to adopt the interbank foreign exchange rate as the basis for charging customers for foreign currency-denominated transactions. Deposit Money Banks, including ...
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Nigeria’s economy has many unproductive people – Okorie
Linus Okorie is the President, Guardians of the Nation, a non-profit youth leadership capital development organisation. He tells STANLEY OPARA that the Nigerian economy is characterised by huge human capital deficit due to skill and leadership gaps How will you rate the contributions of youths to the country’s Gross Domestic ...
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Reactions trail killing of Shiites in North
I am no Shiite. As the son of a Sunni Muslim scholar, I have irreconcilable theological differences with Shiism. But I would be remiss if I failed to speak up in the face of the murderous persecution of Shiites in northern Nigeria. Shiites have had run-ins with Nigerian law enforcement ...