The Federal Government last night said that the statements made by the United States, US, the United Kingdom, UK and the European Union, EU, on the suspension of the Chief Justice of Nigeria, CJN, Justice Walter Onnoghen were driven by unfounded assumptions. The Presidency also told the three bodies not to be hasty in taking […]
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The World Bank and the European Union Investment Bank have scored Edo State as one of two best states in Nigeria, where projects are being executed in line with global best standards. The state’s new ranking is based on her transparency and other reforms adopted by the Governor Godwin Obaseki-led administration in executing projects. The […]
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he United Kingdom, United States of America and European Union, in collaboration with no fewer than 19 developed nations, have lauded Nigeria for sustaining the ideals of democracy since the country returned to participatory governance in 1999. The countries’ applause for Nigeria was contained in a special joint statement released on their behalf by the […]
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The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50 million equity participation […]
Read More Emissions regulated under Europe’s carbon market rose for the first time in seven years in 2017 due to stronger industrial output, data published on Tuesday by the European Commission and examined by carbon analysts at Thomson Reuters showed. Around 45 percent of the European Union’s output of greenhouse gases is regulated by the Emissions Trading […]
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European Union sugar companies have emerged from the cocoon of production quotas and are now fighting to survive in a fiercely competitive world market with prices and profits plunging. The EU’s largest sugar producer, Suedzucker, has said it expects to report an operating loss of 100 million to 200 million euros in its sugar segment […]
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The European banking system is 39.7 billion euros ($47 billion) short of the capital it needs to implement new regulations meant to ensure the world’s banks can withstand financial shocks, the European Banking Authority (EBA) said on Wednesday. The Basel III rules, agreed earlier this month, require banks to hold more capital and cash to […]
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The African Development Bank on Tuesday declared that too many old and inefficient airplanes were flying around the continent. According to the bank, Africa is the riskiest of skies to fly in, as the continent accounts for only 3.4 per cent of all flight departures, represents over nine per cent of all air accidents, and […]
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Nigeria, Brazil, China, the European Union (EU) and other leading economic powers announced that they have made tremendous progress on investment facilitation initiative for development. The group made this known in Marrakech, Morocco, during the World Trade Organisation (WTO) Mini-Ministerial meeting. In a breakthrough for Nigeria, the group of World Trade Organisation (WTO) Friends of […]
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The multilateral trade between Nigeria and European Union (EU) member states stood at 19.9 billion Euros in 2016, Fillippo Amato, the Union’s Head of Trade and Economic Sector, said yesterday. According to him, the EU remains the top destination for oil and non-oil exports from Nigeria “Despite the significant effect of recession on Nigeria’s trade, […]
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The European Union and Germany are collaborating with the Standards Organisation of Nigeria on a €24.5m energy efficient project. The project, which also involves the Ministry of Industry, Trade and Investment and the Ministry of Power, Works and Housing, will enable all the partners to work from all fronts to adjust imported electrical products and […]
Read More The European Union says it has so far committed over €700m for the development of sustainable energy in Nigeria and other ECOWAS countries from 2014 to 2020. The Head of Cooperation, EU delegation to Nigeria and ECOWAS, Mr Kurt Cornelis, said this in Abuja on Monday at a workshop on policy and regulation for clean […]
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