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Business and Economy

Nigeria is open for business; Remains best investment destination in Africa, FG tells investors; Global Investors show support

Key foreign investors, who met at various meetings with the Nigerian Government delegation to the United Nation’s General Assembly in New York during the week, expressed interest in scaling up investment in Nigeria. At an Investors Roundtable held under the auspices of the Business Council for International Understanding (BCIU), the …

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UNGA 73: Nigeria’s economy managers engage international investors, rating agencies in New York City,

   The Nigerian Federal Government delegation to United Nations General Assembly (UNGA) currently going on in New York (USA) will be having a number of side meetings today and tomorrow, Wednesday and  Thursday, September 26-27, 2018. The meetings will largely be trade and business meetings with global investors, including Investment …

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Dakuku re-elected AAMA Chairman…Says Africans deserve better share of world maritime trade ….African maritime leaders hail his re-election

 The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has been re-elected the Chairman of the Association of African Maritime Administration (AAMA) for another term. Dr. Dakuku who is the incumbent Chairman of the Association was unanimously elected to continue to lead the body …

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Konga to invest N2.9bn in K-Xpress to resolve e-commerce delivery in Nigeria  

Olusiji Ijogun, Chairman of Konga, Nigeria’s composite e-commerce giants, has revealed that the company is set to invest N2.9bn in its logistics arm, K-xpress to build a world-class delivery solutions  company that will resolve the logistics challenges in Nigeria. He made this assertion when a section of the media caught …

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Nigerian Government delegation in New York to explain economic policy initiatives, investment incentives to global investors

A Federal Government of Nigeria delegation comprising core economic ministers, the Central Bank, CBN, Governor and the Director General of the Debt Management Office, DMO, will during the week host international investors and rating agencies in New York City, United States of America, to present the country’s economic and business …

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Nigeria Air fiasco: Foreign investors, international community won’t take Nigeria serious again — Peter Obi

Former Governor of Anambra State, Mr. Peter Obi, has expressed shock over the sudden suspension of plans by the Federal Government to float a new national carrier to be known as Nigeria Air. Minister of State for Aviation, Senator Hadi Sirika, who unveiled the airline with fanfare on July 16 …

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AMCON can’t recover N5.4trillion debt without judicial support – Justice Kafarati

The Chief Judge of the Federal High Court, Abuja Division, Hon. Justice Adamu Abdu Kafarati, has reiterated the need for judges in Nigeria to support the recovery efforts of Asset Management Corporation of Nigeria (AMCON) since the corporation was established as a central element of government’s response to financial crisis …

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Sale of Nigerian Security Printing & Minting Company to CBN to contribute N17 billion to economy -BPE DG

The sale of 21 percent  shares  of the Federal Government in the Nigerian  Security Printing and Minting (NSPM) Plc to the Central Bank of Nigeria (CBN) will contribute over N17 billion to the national treasury, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has said. At the signing ceremony for the sale …

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Nestlé and Ashoka mentor Social Entrepreneurs in Africa

Nestlé and Ashoka have kick-started a social investment accelerator program to accelerate social entrepreneurship and boost economic development of Africa, on September 10, 2018. 12 social entrepreneurs from Benin, Ghana, Egypt, Kenya, Uganda and South Africa will learn new tools and methodologies to help refine their business model and become investment ready. This …

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Continental collaboration key to maritime development – Dakuku  — IMO, AU partner AAMA as 4th Conference commences in Egypt  

The chairman of the Association of African Maritime Administrations AAMA, Dr Dakuku Peterside has restated the place of continental collaboration to grow the African maritime industry. This was the thrust of his message as he arrived Sharm El Sheik, Egypt for the 4th conference of Association of African Maritime Administration, (AAMA) …

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Amaechi restates commitment to host 2018 National Council on Transportation

By Taiye Elebiyo-Edeni Abuja, Sept.16, 2018 The Minister of Transportation, Rotimi Amaechi on Sunday restated the ministry’s commitment to host the 16th edition of the National Council on Transportation (NCT) before the end of 2018. Amaechi gave this assurance at a news conference in Abuja. News Agency of Nigeria(NAN) recalled …

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‘I must do the honourable thing and resign’ – Nigeria’s Finance Minister Adeosun (Read full text of resignation letter)

 14th September, 2018  His Excellency Muhammadu Buhari President, Federal Republic of Nigeria State House Aso Villa Abuja  Dear Excellency, Let me commence by thanking you profusely for the honour and privilege of serving under your inspirational leadership. It has been a truly rewarding experience to learn from you and to observe at close quarters …

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Air Peace signs multi-million dollar agreement with Boeing, to purchase 10 B737 Max aircraft; Fidelity Bank is financier

By Adekunle Williams and Solomon Asowata Lagos, Sept. 13, 2018 Nigerian carrier, Air Peace, has signed a multi-million dollar agreement with aircraft manufacturers, The Boeing Company, for the purchase of 10 brand new B737 Max aircraft. The agreement was signed on Thursday at the United States Consulate in Lagos by …

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Regional cooperation: Nigeria, S/Africa, Ghana, Kenya set for maritime pact  …As African leaders gather in Egypt for 4th AAMA Conference …Partnership key to realizing robust economy – NIMASA DG

    The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed that regional collaboration is key to developing Africa’s maritime sector, stating the Agency’s commitment to continue to reposition the Nigerian maritime sector in order to make it viable and compete favourably …

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