The amount on the debit side of the balance of payments includes how much was spent on tickets by passengers (N779.61bn), cargo ($10.22bn), and others (N5.65bn). Foreign airlines have repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment […]
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While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa, where several countries are already in default, is experiencing its worst-ever crisis. The rise in interest rates and over-indebtedness is already crimping the ability of countries to finance their development, as a number of African leaders emphasised […]
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US Secretary of State Antony Blinken called on Israel to help rather than hinder the Palestinian Authority, saying that Israel’s long-term security was at stake. Speaking at the World Economic Forum in Davos, Switzerland, Blinken renewed his call for a “pathway to a Palestinian state” even as Washington backs Israel’s Gaza campaign launched in response […]
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The Abuja Chamber of Commerce and Industry (ACCI) and Bangladesh are aiming to strengthen their bilateral relationship through the establishment of an ICT Park in the Federal Capital Territory (FCT). This move is part of a strategy to promote industrialisation and stimulate economic growth. The High Commissioner of Bangladesh to Nigeria, Mr Masudur Rahman during […]
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Nigeria’s Minister of Foreign Affairs Ambassador Yusuf Maitama Tuggar, has said there is a need to democratise the United Nations (UN) Security Council and Nigeria with its population, economic size and strategic role in Africa has earned the right to be part of the UNSC. He made the assertion while speaking on a panel with […]
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United States Secretary Antony Blinken will be travelling to Nigeria and three other African countries from January 21-26 The three other countries are Cape Verde, Cote d’Ivoire and Angola. According to a statement by US Embassy in Nigeria, throughout the trip, the Secretary will highlight how the United States has accelerated the U.S.-Africa partnership since […]
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Lithuanian Foreign Minister Gabrielius Landsbergis and his Nigerian counterpart Yusuf Maitama Tuggar on Thursday discussed the security situation in the face of evolving military conflicts, emphasizing the need to step up European cooperation with the African continent. Landsbergis and Tuggar, who met on the sidelines of the World Economic Forum in Davos, also discussed the […]
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His Excellency, Abdullah M. Abu Shawesh is the Ambassador of Palestine to Nigeria. In this Exclusive Interview with Diplomat Nigeria Newspaper, the Envoy says Nigeria can utilize its political weight to full capacity and play a crucial role in putting an end to the ongoing genocide in Gaza. If anyone doubts that the US […]
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According to him, the German government introduced the offer to Nigerians to enable qualified ones to work in Germany and called on Nigerians to take advantage of the offer, apply for and secure gainful employment in that country, especially by the youths, and be useful to themselves. The new Country Director, German Initiative […]
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“We are removing and we’ve removed these roadblocks. These roadblocks include multiple taxation and levies, customs duties and various levies that are imposed on businesses, and infrastructure decay, including power.” The Federal Government of Nigeria has approved the ratification of the Investment Promotion and Protection (IPPA) agreements between Nigeria and the United Arab […]
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