• Arik-Air

    Passengers’ Luggage: NCAA Sanctions Arik, Orders Payment Of $150 Per Passenger

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    The Nigerian Civil Aviation Authority NCAA is to sanction Arik air for its inability to ferry passengers luggage 48 hours after arrival at the Murtala Muhammed International Airport, (MMIA) Lagos. The Director Consumer Protection Directorate of NCAA, Mr Abdullahi Adamu, who disclosed this yesterday in an interview with aviation correspondents at the International wing of…

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  • Nigeria Makes Strong Case At CFTA Negotiations In Ethiopia

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    The Nigerian government is providing strong proactive leadership for trade integration in Africa at the on-going Continental Free Trade Agreement (CFTA) negotiations at the African Union (AU) Headquarters in Addis Ababa, Ethiopia. The country’s negotiating team led by the minister of industry, trade and investment, Dr Okechukwu Enelamah, is pushing for a CFTA that would…

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  • 14 % Interest Rate Affecting Local Manufacturers – MAN

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    The Manufacturers Association of Nigeria (MAN) has complained that local production in Nigeria has been made weaker by the country’s decision to stick to its 14 per cent interest rate amid economic stagflation. The MAN president, Frank Jacobs, told newsmen in Lagos, yesterday, that domestic production had fallen and the case may worsen soon if…

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  • AfDB Board Approves €50m Investment Package For Africa

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    The board of directors of the African Development Bank (AfDB), has  approved  a €50-million package of investments in various angel, venture, seed, accelerator and incubator funds with the aim of funding innovative start-ups and early stage small businesses across Africa. The Boost Africa Investment Programme seeks to invest in truly innovative businesses, mostly operated by…

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  • Economic Empowerment Of Women Fundamental To Gender Equality-IMF

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    The World Bank  said  yesterday that addressing the constraints to women’s economic empowerment was fundamental to lasting, inclusive, and sustainable economic growth, poverty reduction, and food security, and to the achievement of gender equality. The Bank said it would soon commence a project in Nigeria aimed at supporting federal government’s efforts at boosting economic productivity…

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  • SON Shuts Down Fake Steel Firm

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    The Standards Organisation of Nigeria (SON) has ordered the closure of a steel company for producing sub-standard steel rods and pushing them in the markets. Disclosing this to newsmen yesterday, SON’s director in charge of compliance who led the team to the steel company, Engr. Bede Obayi, said there were much irregularities and non-conformity to…

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  • FG Announces Diversification, Growth Master Plan

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    The federal government yesterday disclosed that the strategic focus of the ministry of industry, trade and investment’s  master plan for diversification and growth of the Nigerian Economy is:  “Partnering with Private  Sector and Development Capital to Leverage and Catalyze Resources for diversification and Growth.” Minister of industry, trade and investment, Dr. Okechukwu Enelamah, made this…

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  • Abuja Chamber Of Commerce Commends CBN’s FOREX Intervention For Airline Operators

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    The recent approval by Central Bank of Nigeria (CBN) of a Special Secondary Market Intervention Retail Sales (SMIS) foreign exchange window for domestic airline operators and manufacturers to stimulate ease of doing business in the sectors is a welcome development. Despite the recent adoption of a flexible foreign exchange rate policy, the inaccessibility of Forex…

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  • Kemi-Adeosun

    Nigeria’s GDP To Hit $1.45trn In 14 Years – PWC

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    The latest report by PricewaterhouseCoopers (PwC) on the Nigeria’s future has projected that country’s Gross Domestic Product (GDP) may hit $1.45 trillion by 2030. The report estimates that at biennial growth rates of 5 and 7 per cent till 2030, Nigeria’s GDP could be $530 billion higher if corruption is reduced to levels comparable to…

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