Manufacturers lost N500bn to CBN’s forex policy – MAN The Manufacturers Association of Nigeria on Thursday said Central Bank of Nigeria’s flexible exchange rate policy had culminated to N500bn loss for manufacturers. According to agency report, the Chairman, MAN, Apapa Branch, Mr. Babatunde Odunayo, made the assertion during the branch’s 45th Annual General Meeting in Lagos. He said that Letters of …

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  Nigeria’s economic policies are anti-job creation – Summit The rising rate of unemployment in Nigeria has been traced to the anti-job creation policies of the government from the ICT sector to government direct employment, youth entrepreneurship scheme among others. Nigeria with a population of 182,201,962, Nigeria is battling with 49.5 per cent youth unemployment rate as at second quarter …

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NIMASA Board Approves Development of New Offices in Warri, PH, Onne The Governing Board of the Nigeria Maritime Administration and Safety Agency (NIMASA) has approved the development of new zonal offices and a multi-level car park at the Agency’s head office using a Design, Build and Finance (DBF) model under a Private Finance Initiative (PFI) in its 2017 budget year. …

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Six persons killed, 700 heads of Cattle carted away as Cattle Rustlers attack Niger Community Olabode Adaramola Tragedy struck on Monday in Kukkoki village, a Fulanis settlement in Shiroro Local Government of Niger State,as some suspected Cattle rustlers numbering about 100 and heavily armed with sophisticated weapons invaded the village, killing Six people among whom were four Fulanis and two …

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Niger State government generates N31.6 bn from all sources in 6 months Olabode Adaramola The Niger state government said it has so far generated over N31.6 billion from all sources between January and June this year. This disclosure was made yesterday by the state House of Assembly Committee on Finance which investigated the financial position of the state government for …

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WhatsApp finally launches video calls: Feature will come to Android, iOS and Windows Phone in the coming days .WhatsApp adopted end-to-end encryption this year for its messages .Same encryption will be used on the new video calling feature, they said .The company wants to make video calls accessible for people worldwide Improvements in phone cameras, battery life and bandwidth has …

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ECOWAS must Eradicate Maritime piracy to grow it’s economy – NIMASA DG The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside has charged member states of the Economic Community of West African States (ECOWAS) to eradicate the scourge of piracy in the sub region in order to the economy. The DG who stated this …

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African Securities Exchanges Association/CISI unite to promote professionalism, common certification standard in capital markets   The African Securities Exchanges Association (ASEA) and the Chartered Institute for Securities & Investment (CISI) have signed a Memorandum of Understanding (MoU) to provide an effective framework to develop a common certification programme across the 26 ASEA Member Exchanges. The aim of the partnership is …

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  Dayo Emmanuel   A report has revealed that a total of N1,354,132,400,000.00 was allegedly embezzled from the Nigerian coffers since the advent of democracy in 1999. The report, a product of in-depth research published in a document titled, “Justice or Impunity? High profile corruption cases crawling or gone to sleep,” by Professor Bolaji Owasanoye, gave the alarming figure allegedly …

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