• “Nigeria lives on borrowed time” – World Bank

    “Nigeria lives on borrowed time” – World Bank0

    Dr Adetunji Oredipe,The Senior Agriculture Economist, World Bank, on Thursday said the neglect of the agricultural sector when Nigeria’s economy became increasingly dependent on oil has proved to be a “disaster”. Oredipe said this while delivering a keynote address at the agriculture summit Africa in Abuja, sponsored by Sterling Bank Plc. The event was attended

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  • Just In: South Africa High Commission shuts down offices in Nigeria

    Just In: South Africa High Commission shuts down offices in Nigeria0

    The South Africa High Commission to Nigeria has shut down its offices and consulate. This is as a effect of panic arising from attacks by youths in the country. The acting High Commissioner, Amb. Bobby Moroe, confirmed the report that he had directed the Mission to suspend all consular activities until the situation improved. He

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  • TICAD7: Buhari welcomes prospective investors to Nigeria

    TICAD7: Buhari welcomes prospective investors to Nigeria0

      President Muhammadu Buhari on Thursday, 29 August at the Seventh Tokyo International Conference African Development (TICAD7), in Yokohama, Japan says Nigeria has very attractive investment opportunities with some of the highest ‘Returns-on-Investment’. Mr Femi Adesina, the President’s Special Adviser on Media and Publicity confirm this in his statement. President Buhari at his Nigeria’s Statement

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  • FG confirms commitment to reduce shipping cost

    FG confirms commitment to reduce shipping cost0

    Federal Government on Monday confirmed its commitment toward reducing cost of shipping to boost trade in Africa. This was made known by Vice President Yemi Osibanjo at the Sub-Regional Summit on Unfair Shipping Surcharges and High Local Shipping Charges at the Ports of West and Central Africa in Abuja. Osinbajo, represented by the Minister of

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  • Oil prices fall on weak global economic data

    Oil prices fall on weak global economic data0

    Oil prices fell on Wednesday on weak global economic data and a rise in the US crude inventories, almost erasing the previous session’s strong gains which followed the United States’ move to delay tariffs on some Chinese products Brent crude was down $1.81, or three per cent, at $59.49 a barrel at 1323 GMT, after

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  • Inter-Bank Forex Market: CBN Intervenes With $210m

    Inter-Bank Forex Market: CBN Intervenes With $210m0

    The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday’s transactions. The bank’s Director, Corporate Communications Department, Isaac Okorafor, made this known in a statement in Abuja on Tuesday. Okorafor explained that the figure released by CBN on Tuesday indicated that

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