Wednesday, April 16, 2014

Fitch rating affirms Nigeria’s sovereign rating at negative

April 11, 2014

‘BB-’ rating is often assigned to countries whose economies are less vulnerable in the near-term……... read more

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Nigeria ranks third among countries having extremely poor people, World Bank says

April 11, 2014

The report said Nigeria and four other countries are home to nearly 760 million of the world’s poor.…... read more

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Summoned Akwa Ibom journalists now to appear before Police Tuesday

April 10, 2014

Godswill Akpabio Police agrees to NUJ leadership to accompany summoned journalists to the ‘chat’ next week. The police have asked four summoned Akwa Ibom journalists... read more

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EXCLUSIVE: Nigeria’s federal civil service boils over alleged presidential waiver on directors’ appointments

April 10, 2014

A waiver purportedly granted by the presidency has led to the appointment of unqualified directors for the federal service.…... read more

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INTERVIEW: Nigeria needs mass movement against government corruption – Eze Onyekpere

April 9, 2014

“If one looks at the 2014 budget, one would find out that it is filled with lots of frivolous, unclear and wasteful expenditures.” Every day... read more

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Nigerian traders happy EU trade deal blocked

April 9, 2014

Minister of Trade and Investment, Segun Aganga. The EU would have opened up its market to ECOWAS in exchange for 75 per cent market share.... read more

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Nigeria Police summon publishers considered ‘unfriendly’ by Akwa Ibom govt.

April 9, 2014

Godswill Akpabio The invited journalists run newspapers considered critical of the Akwa Ibom state government.  Representatives of four independent newspapers in Akwa Ibom state have... read more

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South Africa commends Nigeria for improved GDP

April 8, 2014

President Goodluck Jonathan South Africa says it hopes to continue to nurture mutually beneficial trade and investment ties with Nigeria. After being upstaged from being... read more

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Again, NLC disparages Nigeria’s new GDP figure

April 8, 2014

The NLC says the Nigerian government should address the country’s virtually shut industries.…... read more

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Rebased GDP has no effect on welfare of Nigerians – NLC

April 7, 2014

NLC President, abdulwaheed Omar The Federal Government reviewed the country’s GDP on Sunday, after more than 24 years.…... read more

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ECOWAS mobilises support for regional investment code, policy

April 4, 2014

Current ECOWAS heads of state The adoption of a regional investment Code and Policy would remove obstacles to doing business. The Economic Community of West... read more

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Nigeria, four other countries, have largest numbers of extremely poor people, says World Bank President

April 3, 2014

The World Bank is to raise its lending capacity to about $300 billion Amid plans by the Federal Government to release the figures of the... read more

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Standard & Poor revises Nigeria’s sovereign credit rating to negative

April 3, 2014

The agency cited some political and economic developments as determining factors for the rating Standard & Poor, S&P, Ratings Services, the global ratings agency for... read more

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Why Nigeria delayed signing EU/ECOWAS trade liberalisation pact – Aganga

March 31, 2014

Minister of Trade and Investment, Segun Aganga. Aganga said the agreement was not favourable to Nigeria. The Minister of Industry, Trade and Investment, Olusegun Aganga,... read more

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Nigeria’s Finance Minister seeks greater financial, political support for African Foundation

March 31, 2014

Ms. Okonjo-Iweala says there is need to ensure long-term financial sustainability of the Foundation.…... read more

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Sanusi’s lawyers write FRCN, warns against continuation of probe

March 30, 2014

FRCN may be liable for contempt charges.…... read more

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Oil multinationals, others stash Africa’s tax billions yearly-AU

March 30, 2014

About $138 billion is given away annually by governments in developing countries in corporate income tax exemptions…... read more

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Jonathan suggests international conspiracy in arms flow to Boko Haram

March 30, 2014

The United Nations calls for continental collaboration against terrorism. President Goodluck Jonathan has spoken of the likelihood of an international conspiracy aimed at fuelling insurgency... read more

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Financial Reporting Council halts further probe of CBN, Sanusi

March 29, 2014

The Council is to continue the investigation process at the CBN office as part of its administrative procedure.…... read more

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Commission grants license to ExxonMobil to build 575 MW power plant in Akwa Ibom

March 29, 2014

The latest license brings to three, the multinational oil companies involved in Nigeria’s power projects.…... read more

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Concerns mount over UC RUSAL’s reins in ALSCON, as BFIG deplores sack of another 100 workers

March 28, 2014

Photo: businessnews.com.ng The value of ALSCON assets under UC RUSAL has declined from $1.1billion in 2006 to less than $89 million in 2011.…... read more

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Sanusi sues Financial Reporting Council; accuses it of exceeding its powers

March 28, 2014

Sanusi Lamido Sanusi The suspended Governor of the Central Bank of Nigeria,  Lamido Sanusi, on Thursday sued the Financial Reporting Council of Nigeria, FRCN, accusing... read more

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BREAKING: Sanusi shuns Financial Reporting Council; says invitation in bad faith

March 27, 2014

Mr. Sanusi says the Council’s report lacked integrity since the FRCN neither gave him fair hearing, nor allowed him the opportunity to respond to the... read more

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Nigerian electricity commission issues licenses for embedded power generation

March 26, 2014

Governor Isa Yuguda The embedded power generation license was handed to Governor Isa Yuguda of Bauchi State. The Nigerian Electricity Regulatory Commission, NERC, on Wednesday,... read more

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BPE set to liquidate NITEL/MTEL, privatise Nigeria’s four refineries

March 26, 2014

Photo: theparley.net BPE  recorded N397.7 billion as gross revenue from PHCN transactions in 2013. The Bureau of Public Enterprises, BPE, said on Tuesday in Abuja... read more

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