Stakeholders in the agriculture sector of the economy have tackled President Muhammadu Buhari over his directive to the Central Bank of Nigeria not give foreign exchange to importers of food items. Some critics accused the president of taking the country back to the military era when directives are issued with military fiat. The Presidential directive,[...]
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On Tuesday, equity markets across the globe jumped at the news that the Trump administration would delay some of the new tariffs on China it had announced earlier this month. But just one day later, global stock markets sold off hard due to ever-weakening economic data in Europe and Asia and further yield curve inversions.[...]
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Roller coaster fans savor every second of the ride, but there's something really special about that big drop. Advances in technology, design and engineering over the decades have allowed amusement parks to offer ever taller, faster and steeper coasters (with loops and other kinds of inversions as well). These big hills are getting ever more[...]
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The trade war between the U.S. and China has dragged on for more than a year, and it’s starting to turn into a brewing currency war, said analysts. The yuan depreciated past 7 per dollar last week for the first time since the global financial crisis of 2008, which prompted the U.S. Treasury Department to[...]
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Current champions Flying Eagles will today kick off their attempts to regain the trophy at the 2019 African Games. The Paul Aigbogun-coached team will take on Burkina Faso U-20 team by 5:30pm. Morocco will also battle South Africa U20 at the same time. The African Games is a multi-sport contest geared towards advancing top-class African[...]
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Space tourism moved a step closer to reality Thursday as Virgin Galactic unveiled its new Mission Control at a spaceport in New Mexico and the schedule for final test flights before taking paying customers into the final frontier. Spaceport America, a taxpayer-funded facility in New Mexico's remote Jornada del Muerto desert, received its license to[...]
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The Human Resources Director, British American Tobacco Nigeria (West Africa) Area, Temitope Akinsanya, in this interview, speaks on the role of human resources practitioners in developing talents for businesses and the strategic importance of human resources to Nigeria’s socio-economic development as well the company’s reputation in prioritising talent development. Eromosele Abiodunbrings the excerpts: Can you[...]
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The dream for Nigeria to conduct major aircraft maintenance locally and save a substantial part of the over $2 billion spent annually on overseas checks may have materialised with Aero Contractors’ approval to conduct D-check on Boeing B737 classic. Two years ago Aero received certification for Approved Maintenance Organisation (AMO) from the Nigerian Civil Aviation[...]
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Vice President Yemi Osinbajo has faulted electricity distribution companies (DisCos), accusing them of performing below expectation. Speaking at the inauguration of some transmission lines at in Abeokuta, Ogun state capital, on Thursday, Osinbajo said the 11 DisCos are only able to distribute 4,000MW or less out of 7,000 generated. The vice-president, who said there is[...]
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Lagos – Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax (VAT) on goods bought online. Prof Sheriffdeen Tella, a Senior Economist at the Olabisi Onabanjo University, Ago-Iwoye, Ogun, said that the online space was still growing and taxing it now would discourage transactions.[...]
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U.S. President Donald Trump recently claimed Washington’s trade war with China has had little impact on the American economy so far. A widely followed economist said Thursday that the president is “dead wrong.” Trump said in a Wednesday Twitter post that the U.S. is “winning, big, time against China,” adding that “prices to us have[...]
Read MoreFacebook has restated its commitment to help young people of Africa in harnessing their digital and creative skills for the future of the continent through its support and investment in various communities, including startups, developers, agencies, among others. Facebook’s Vice President, Product Partnerships, Ime Archibong, made the pledge during this year’s International Youth Day celebration.[...]
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Industry stakeholders, under the aegis of the Association of Licensed Telecoms Operators of Nigeria (ALTON), has called for the review of the Critical National Infrastructure Bill that was not passed into law before the expiration of the eight National Assembly on May 29, 2019. The bill, which seeks to protect telecoms infrastructure across the country,[...]
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The Federal Government has said marriage certificates not issued in accordance with statutory marriage guidelines are invalid and holds no legal value in case of any problem in the relationship. Permanent Secretary in the Ministry of Interior Mrs. Georgina Ehuriah spoke at a one-day stakeholders’ workshop on “the conduct of statutory marriage in Nigeria.” The[...]
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The UAE has unveiled the Emirates Youth Professional School, a Federal Youth Authority initiative which aims to bridge gaps between academic learning and the country's rapidly changing labour market. The initiative has been launched following directives issued by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, state news agency[...]
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The Arole Oodua and Ooni of Ife, Ooni Adeyeye Ogunwusi has charged Nigerians residing in Canada, in the spirit of patriotism, to come together and join the government and the people of Nigeria in proffering solutions to the economic challenges facing the country. The foremost African monarch gave the admonition on Monday during a ceremony[...]
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In keeping with its talent development strategy, a new set of Graduate Trainees commence their entry-level development programme today Wednesday, August 14 at the state of the art Ecobank Nigeria Academy in Lagos. The training programme which was launched in July this year is an intensive 8-week medley of learning interventions for fresh graduates. The[...]
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Sen. Ali Ndume has advised Nigerian youths to contribute their quota to nation building and ensure self-reliance in order to sustain national development. Ndume, representing Borno South in the National Assembly, gave the advice while speaking with News Agency of Nigeria (NAN) in Muna, Saudi Arabia, on Tuesday. He decried a situation in which some[...]
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President Muhammadu Buhari says the directive to the Central Bank of Nigeria to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security. Malam Garba Shehu, the President’s spokesman in a statement, said Buhari stated this when he hosted All Progressives Congress (APC) governors to Eid-el-Kabir lunch at[...]
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Facebook, YouTube, TikTok, Twitter and even LinkedIn have pushed out “lite” versions — smaller and simpler iterations of their platforms — and that has everything to do with emerging markets, analysts say. Last month, Spotify Lite officially launched in 36 markets, while Tinder has announced plans to launch its own “lite” app. With around 6.5[...]
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