Just over two years ago, the extremist Islamist group Boko Haram became infamous worldwide for kidnapping nearly 300 Nigerian schoolgirls, most of whom are still missing today. However, within the Lake Chad Basin region, a region straddling Nigeria, Chad, Niger, and Cameroon in West Africa, Boko Haram already was widely known for the brutality it […]
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[su_dropcap]A[/su_dropcap] trade professional and Managing Director/Chief Executive Officer, Koinonia Ventures Limited, Mr. Olufemi Boyede, has said Nigeria needs to begin to explore its over 5,000 exportable products. He stated this in Lagos during a press conference to announce a one-day workshop on non-oil export. Boyede said that the country’s quest to diversify its economy could […]
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The downward trend in the Nigerian stock market is showing no sign of abating any time soon as the market capitalisation has continued to fall, with 10 out of the 12 indices currently on the decline, STANLEY OPARA of Punchng writes The market capitalisation of the Nigerian Stock Exchange fell by N811bn from the first trading […]
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PRESIDENT Muhammadu Buhari on Friday started what the Presidency described in a three-paragraph statement as a short vacation. For six days, according to Punchng, the 73-year-old retired general would not be at his duty post. Unlike what happened under late President Musa Yar’Adua that forced the National Assembly to adopt the doctrine of necessity, Buhari […]
Read More BUSINESS INSIDER: The wealthiest 50 people in the world control a staggering portion of the world economy: $1.46 trillion — more than the annual GDP of Australia, Spain, or Mexico. That’s according to new data provided to Business Insider by Wealth-X, which conducts research on the super-wealthy. Wealth-X maintains a database of dossiers on more […]
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It was recently reported that Nigeria is seeking for an “emergency loan” of $3.5b to help finance the 2016 Budget. According to the Financial Times, Nigeria is seeking funding of $2.5b and $1b World Bank and Africa Development Bank (ADB) respectively. The medium quoted the Minister of Finance Kemi Adeosun: I’m getting sub 3 per […]
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Transparency International has ranked Nigeria 136th among 168 least corrupt countries in the world, with a score of 26 per cent. The ranking, which was for 2015, was released on Wednesday and showed that Nigeria dropped by one point in the TI index, which rated countries on a scale of zero (perceived to be highly […]
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In my application to the Special Prosecutor of the International Criminal Court (ICC) last week, I requested for investigation into the allegations of crimes against humanity committed by serving and retired military officers and their civilian accomplices. Having diverted over $8 billion earmarked for the procurement of arms and armament for counter insurgency operations I […]
Read More By their 2015 nine months earning outlooks, Nigerian Banks have by all indications posted the quite impressive numbers. Not only have banks posted impressive net interest income growth on a year on year basis, they also posted double figure profitability growth. This is against the backdrop of quoted companies in the consumer goods sector, oil […]
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The news has been awash of the visit of the Managing Director of the International Monetary Fund, Christine Lagarde, to Nigeria on a working visit to Africa but dedicating a whole four days to Nigeria. Not surprising, she did us the “honour” of having to touch down on our soil first. Trust the ludicrousness of […]
Read More The sting of low oil prices has forced Nigerian president Muhammadu Buhari to seek help from the International Monetary Fund, according to Reuters. The president plans to boost spending to stimulate the economy, but Nigeria will need help from the organization to do so. The government plans to borrow up to 900 billion naira to […]
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Mr David Emmanuel, an expert in agriculture and environment, has warned that climate change is depleting the soil nutrients needed for the cultivation of high quality food crops. Emmanuel made this known in an interview with the News Agency of Nigeria (NAN) in Lagos on Friday. According to him, it is important for stakeholders to […]
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