Nigerian News from Leadership News
  • Nigeria’s External Trade Drops By N104bn In Q3 – NBS

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    Nigeria’s external trade has slumped negatively due to imbalance between imports and exports, data from the National Bureau of Statistics has revealed. According to the report which was made available to LEADERSHIP, the total value of Nigeria’s external trade in the third quarter of 2016 was N 4,721.9 billion. This figure consisted of exports worth…

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  • FG To Use Technology To Tackle Smuggling, Raise Revenues

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    The Federal Government has initiated plans to use technology as an enabler to fight smuggling and increase revenue collections. This was disclosed yesterday at a workshop on the integration of the National Vehicle Identification System organised by the Nigerian Customs Service (NCS). The disclosure was made by the Minister of Finance, Mrs Kemi Adeosun in…

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  • Why FG Won’t Increase Tax In 2017 – Udoma

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    The federal government yesterday gave a breakdown of how the proposed N7.28 trillion appropriation for 2017, tagged “Budget of Recovery and Growth” would be funded, ruling out tax increase and retrenchment of workers as funding options. The government explained that rather than increase the tax burden on the people, it planned to fund the proposed…

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  • FG Seeks Advisers For Debut Islamic Bond

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    The federal government is looking for financial and legal advisers and trustee firms to organise its first Islamic bond in the domestic market, the Debt Management Office (DMO) said. The OPEC member, which is Africa’s largest economy, is working on a debut sovereign sukuk but has yet to determine the size of a potential deal….

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  • NDIC Faults Okereke-Onyuike’s Call To Merge NDIC With AMCON

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    The Nigeria Deposit Insurance Corporation (NDIC) has faulted the call of the former director-general, Nigerian Stock Exchange(NSE) Dr. Ndidi Okereke-Onyuike, to merge the corporation with Asset Management Corporation of Nigeria (AMCON), noting that the remarks is a glaring indication that the Ex-DG of NSE clearly lacked adequate understanding of the roles of NDIC in the…

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    Inflation Rises To 18.3%, Highest In 11 Years

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    The National Bureau of Statistics (NBS) yesterday disclosed that Nigeria’s headline inflation, a measure that shows the rate at which consumer prices advanced, had risen to an 11-year high of 18.3 per cent in the month of October. This is a 0.48 percentage rise compared to 17.9 per cent inflation that was recorded in September…

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  • UBA Wins Best CSR Company In West Africa

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    Pan African banking group, United Bank for Africa (UBA) has emerged the best institution in Corporate Social Responsibility (CSR) in West Africa. Its CSR arm; UBA Foundation won the best CSR/Sustainability, West Africa Award at the 10th SERAs (Social Enterprise Report Awards) ceremony which held at the Muson Centre in Lagos last Friday. Since 2006,…

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  • Nigerian Banks To Start Losing Money-Bloomberg

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    According to a Bloomberg report, Nigerian banks may start losing money from the next quarter following the protracted forex issues in the country. While other sectors have been hit by a substantial loss in income and profit, banks had been faring okay. According to the report, it is believed that some of the banks benefited…

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