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President Muhammadu Buhari on Monday highlighted Nigeria's key interests on trade to participants at the 2nd Intra-African Trade Fair 2021 ongoing in Durban, South Africa. Buhari said his delegation is attending with ‘‘full force’’ to maximize the advantage of the gathering. Addressing the opening ceremony of the event, the President said: ‘Let me assure you…
November 15, 2021
Nigeria’s headline inflation declined for the seventh consecutive month to 15.99 per cent in October, Mr Simon Harry, the Statistician-General of the Federation has said. He said this on Monday in Abuja at a media conference while presenting the October Consumer Price Index (CPI). According to Harry, the headline inflation reduced from 16.63 per cent…
November 15, 2021
President Muhammadu Buhari who has been in transit in the last two weeks, arrived Durban, South Africa, from Paris over the weekend as part of his ongoing socio-economic diplomatic missions aimed at enhancing security and economic transformation of the country. The News Agency of Nigeria (NAN) reports that the Nigerian leader is in Durban at…
November 15, 2021
The National Association of Government Approved Freight Forwarders (NAGAFF) is a seeking 14-day demureage-free period for containers from shipping companies. The National Coordinator of the NAGAFF 100% Compliance Team, Alhaji Ibrahim Tanko, disclosed this to journlaists on Friday after a meeting to address the impasse between shipping companies and freight forwarders. The meeting had in…
November 13, 2021
First City Monument Bank (FCMB) is currently battling a repudiation crisis following reports claiming it has ordered its staff to target accounts owned by customers between the age of 18-30 for certain financial infractions. The bank is said to have made the directive in furtherance of the recent ban on cryptocurrencies by the Central Bank…
November 11, 2021
The Senate on Wednesday approved fresh $16.23 billion and €1bn loans requested by President Muhammadu Buhari. This was sequel to the presentation of the report of the Senate Committee on Local and Foreign Debts by the Chairman of the committee, Senator Clifford Ordia, during plenary. The loan request was approved by National Assembly on a…
November 10, 2021
A Federal High Court, Abuja, on Monday, convicted and sentenced Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), to 8 years imprisonment. Justice Okon Abang, in his judgment, held that the Economic and Financial Crimes Commission (EFCC) had proven the essential ingredients of all the 12 counts preferred against Maina beyond reasonable doubt in…
November 9, 2021
The Global Tobacco Industry Interference Index 2021 Report released by the Global Center for Good Governance in Tobacco Control (GGTC) has reinforced the call by Corporate Accountability and Public Participation Africa (CAPPA) for the Nigerian government to de-normalize so-called corporate socially responsible (CSR) activities of the tobacco industry. The Global interference index report was released…
November 8, 2021
Two leading telecommunications giants, MTN Nigeria and Airtel have finally been given approval-in-principle by the Central Bank of Nigeria (CBN) to commence banking business in Nigeria. However, the approval is likely to come with dire consequences for financial institutions in the country, The New Diplomat has learnt. Checks by The New Diplomat revealed that the…
November 5, 2021
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President Muhammadu Buhari on Monday highlighted Nigeria's key interests on trade to participants at the 2nd Intra-African Trade Fair 2021 ongoing in Durban, South Africa. Buhari said his delegation is attending with ‘‘full force’’ to maximize the advantage of the gathering. Addressing the opening ceremony of the event, the President said: ‘Let me assure you…
November 15, 2021
Nigeria’s headline inflation declined for the seventh consecutive month to 15.99 per cent in October, Mr Simon Harry, the Statistician-General of the Federation has said. He said this on Monday in Abuja at a media conference while presenting the October Consumer Price Index (CPI). According to Harry, the headline inflation reduced from 16.63 per cent…
November 15, 2021
President Muhammadu Buhari who has been in transit in the last two weeks, arrived Durban, South Africa, from Paris over the weekend as part of his ongoing socio-economic diplomatic missions aimed at enhancing security and economic transformation of the country. The News Agency of Nigeria (NAN) reports that the Nigerian leader is in Durban at…
November 15, 2021
The National Association of Government Approved Freight Forwarders (NAGAFF) is a seeking 14-day demureage-free period for containers from shipping companies. The National Coordinator of the NAGAFF 100% Compliance Team, Alhaji Ibrahim Tanko, disclosed this to journlaists on Friday after a meeting to address the impasse between shipping companies and freight forwarders. The meeting had in…
November 13, 2021
First City Monument Bank (FCMB) is currently battling a repudiation crisis following reports claiming it has ordered its staff to target accounts owned by customers between the age of 18-30 for certain financial infractions. The bank is said to have made the directive in furtherance of the recent ban on cryptocurrencies by the Central Bank…
November 11, 2021
The Senate on Wednesday approved fresh $16.23 billion and €1bn loans requested by President Muhammadu Buhari. This was sequel to the presentation of the report of the Senate Committee on Local and Foreign Debts by the Chairman of the committee, Senator Clifford Ordia, during plenary. The loan request was approved by National Assembly on a…
November 10, 2021
A Federal High Court, Abuja, on Monday, convicted and sentenced Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), to 8 years imprisonment. Justice Okon Abang, in his judgment, held that the Economic and Financial Crimes Commission (EFCC) had proven the essential ingredients of all the 12 counts preferred against Maina beyond reasonable doubt in…
November 9, 2021
The Global Tobacco Industry Interference Index 2021 Report released by the Global Center for Good Governance in Tobacco Control (GGTC) has reinforced the call by Corporate Accountability and Public Participation Africa (CAPPA) for the Nigerian government to de-normalize so-called corporate socially responsible (CSR) activities of the tobacco industry. The Global interference index report was released…
November 8, 2021
Two leading telecommunications giants, MTN Nigeria and Airtel have finally been given approval-in-principle by the Central Bank of Nigeria (CBN) to commence banking business in Nigeria. However, the approval is likely to come with dire consequences for financial institutions in the country, The New Diplomat has learnt. Checks by The New Diplomat revealed that the…
November 5, 2021
