Tag Archives: Nigerian

FG’s Suspension of 15% Fuel Import Duty: A Holistic Step Toward Economic Relief and Market Stability

In a welcome display of policy sensitivity and economic rationality, the Federal Government has suspended the planned 15 percent ad-valorem import duty on petrol and diesel. This move, announced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), is more than a technical adjustment, it is a timely intervention that reflects empathy for the prevailing economic realities confronting citizens and businesses alike.

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Total Top Losers Table As Nigerian Stock Exchange Is Down By N196B

The Nigerian Stock Exchange (NSE) on Monday reacted negatively to sudden election postponement, dropping by N196 billion as predicted by financial experts. Specifically, the market capitalisation shed N196 billion or 1.61 per cent to close at N12.004 trillion against N12.200 trillion on Friday, due to the postponement. Also, the All-Share Index which opened at 32,715.50 lost 525.43 points or 1.61 …

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Nigerian Government Signs MoU With African Risk Capacity To Address Impact Of Extreme Weather Events

African Risk Capacity

The Government of Nigeria has signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) to work together to address the impact of extreme weather events in Nigeria, including training support to Government personnel. The signing ceremony, which happened on the margins of the Annual Meetings of the African Development Bank on Thursday, in Busan, South Korea, comes …

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Nigerian Women Beaten, Raped In France Testify In Court

A verdict is expected at the end of this month in the trial of 16 members of a mostly female network of Nigerian human traffickers operating forced prostitution rings in France. The traffickers went on trial last week at the high court of Paris, facing their accusers as the trafficked women testified to being lied to, beaten and raped. Plaintiffs …

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Nigerian Army Arrest Pipeline Vandals, Cultists, Impostors In Lagos, Ogun

Folake Sokoya Following  reliable information received from some good Nigerians,  the Anti-illegal bunkering and Anti-Pipeline Vandalism patrol, troops  of 81 Division Nigerian Army swooped in on suspected pipeline vandals at The Magboro area in Ogun state. While parading the apprehended suspects, the General Officer Commanding 81 Division, Major General Enobong Okon Udoh  told reporters that during the hours of darkness,the suspects …

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Nigerian-Korean Among 30 Most Influential Teens Of 2017

Han Hyun Min

A 16-year-old Korean-born Nigerian, Han Hyun Min, has been listed among the Time’s 30 Most Influential Teens for 2017. The fashion model, who grew up in South Korea, a largely homogeneous society, achieved the feat despite being often made to feel ashamed of his appearance. “There are so many prejudices about darker skinned people in South Korea,” he told the …

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