The World Bank has advised Nigerian policymakers to move away from relying solely on national averages when formulating social protection measures following fuel subsidy removal in the country. In its June 2023 report titled “Detox Development: Repurposing Environmentally Harmful Subsidies,” the World Bank noted that it is crucial to also …
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THE Department of State Services (DSS)and the Office of the Attorney-General of the Federation (OAGF) have explained their opposition to the bail application filed by the suspended Central Bank of Nigeria (CBN) Godwin Emefiele. Their reasons were contained in the counter-affidavits they filed before the Federal Capital Territory (FCT) High …
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Vice President Kashim Shettima has met with British High Commissioner to Nigeria, Richard Montgomery at the State House, Abuja. Vice President Kashim Shettima has met with British High Commissioner to Nigeria, Richard Montgomery at the State House, Abuja. Montgomery said British ministers are “responding positively” to the policies of the …
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The Federal government is tackling the rejection of Nigeria’s export products in some parts of the global economic system as an emergency with stringent measures to mitigate the anomaly. This was disclosed recently by Mr. Osita Aboloma, Chairman, National Quality Council under the Presidency in Abuja, through a press release …
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African Development Bank Group president Akinwumi Adesina called for new ways of preparing and de-risking projects to mobilise private sector investment for sustainable development. “We need new ways of aggregation to prepare the projects, to de-risk the projects and lower the transaction cost for those deploying capital,” he said. Adesina …
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Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahead with a plan to split into six business units. Zhang has been concurrently serving in three roles since December when he …
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Africa’s richest man,Aliko Dangote has encouraged African countries to be deliberate in liberalising integration and allow for easy entry and exit of Africans. The Dangote Group CEO, who spoke on Sunday at the 30th Afreximbank Annual Meetings held in Accra, Ghana, stated that if the continent was committed to boosting …
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The European Union (EU) is sponsoring a young Nigerian fashion designer to this year’s Madrid Fashion week holding in September, This is the prize for winning the 2023 Europe Day Afro-Euro Runway fashion show held in Abuja at the weekend. The young Nigerian, Oyindamola Aleshinloye, with the brand name “Kadiju” …
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The management of Arik Air Limited (in receivership) has dismissed allegations of misappropriation of funds to the tune of N120 billion. The Economic and Financial Crimes Commission had reportedly detained the Receiver Manager appointed by the Assets Management Corporation of Nigeria for Arik Air, Mr Kamilu Omokide, over alleged misappropriation …
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The African Export-Import Bank (Afreximbank) launched its insurance management services subsidiary, AfrexInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa.Established in 2021, AfrexInsure is set up to offer specialty insurance …
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