Group Managing Director, Bolton White Hotel, Kingsley Obiukwu, has said that co-operation between Nigeria and South Africa can stimulate economic growth in various sectors in both countries. Obiukwu made this known while speaking to newsmen on the sidelines of the Diplomatic Business Rendezvous, organised by the Department of Economic, Trade & Investment in Nigeria’s Ministry […]
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Deputy Senate President of the Federal Republic of Nigeria, Senator Barau I. Jibrin, has emerged as the acting Speaker of the Sixth Legislature of the Parliament of the Economic Community of West African States (ECOWAS). Diplomat Nigeria reports that Senator Barau, who is the leader of the Nigerian delegation to the ECOWAS Parliament, emerged during […]
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The Nigerian diplomatic turf appears to be in a state of uncertainty following the delay in the appointment of substantive heads of Nigerian foreign missions in the positions of ambassadors and high commissioners with possible implications. While it is not clear from the government of President Bola Ahmed Tinubu about the reasons for the […]
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The recent withdrawal of Burkina Faso, Mali and Niger from the Economic Community of West African States (ECOWAS) diminishes Nigeria’s influence in the region and could undermine its longer-term strategic interests, the International Crisis Group has warned. In a new report, titled “What Turmoil in ECOWAS Means for Nigeria and Regional Stability”, ICG says […]
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The United Kingdom in December 2023 exported £185 million to Nigeria and imported £154 million, resulting in a negative trade balance of £30.8 million (N55.2bn), the federal government has disclosed. Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the federal government is committed to changing the trend in favour of Nigeria. She spoke […]
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Nigeria’s Minister of Industry, Trade and Investment, Doris Uzoka-Anite, yesterday in Abuja inaugurated the National Trade Facilitation Committee (NFTC) with the mandate to enhance seamless trade in and out of the country ahead of the implementation of the African Continental Free Trade Area Agreement (AfCFTA). Shesaid the NTFC had made significant strides, especially with respect […]
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THE Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorization at N500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interest banks and promoters of proposed banks emphasized that […]
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A Kano High Court sitting on Tuesday, sentenced a Chinese National, Frank Geng-Quangrong, 47, to death by hanging for stabbing his Nigerian girlfriend, Ummukulsum Sani, 22, to death. Frank, who lives in Railway Quarters Kano, was convicted on one count charge of culpable homicide. Delivering judgment, Justice Sanusi Ado-Ma’aji, held that the prosecution had proven […]
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Nigeria’s Federal Capital Territory (FCT) minister, Nyesom Wike, has wooed Indian businessmen to increase their presence in the nation’s capital. The Minister made this observation on Tuesday in Abuja, when he received, in courtesy, the Indian High Commissioner to Nigeria, His Excellency, Balasubramanian Shri. Wike said that Indians’ commitment to keeping their cordial relationship with […]
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The Nigerian Financial Intelligence Unit has exposed the alleged funding of terrorist activities in Nigeria by the Indigenous People of Biafra, bandits, and other terror groups through global crowdfunding and on sports betting platforms. The financial intelligence unit revealed how IPOB received funds through affiliates in 22 countries that have registered at least 27 entities […]
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