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FG Threatens 14-Year Jail Sentence For Nigerians Without NIN
The minister for communications in Nigeria has warned Nigerians without the National Identification Number could be facing a 14-year jail sentence. In an address centred on encouraging Nigerians to register for their NIN, Communications and Digital Economy Minister, Isa Pantami, reiterated the fact that no country could be successful without a reliable database of its…
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Nigeria Plans $50bn Intra-Africa Exports
As part of an effort to boost the African economy, the National Action Committee on African Continental Free Trade Area Agreement has disclosed plans to grow its intra-Africa export trade volume to $50billion by 2035. The Senior Special Assistant to the President and Secretary, National Action Committee on AfCTA, Francis Anatogu, made this disclosure stated…
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Nigeria’s Gas Production Declines By 3% In One Year
Nigeria’s gas production has recorded a marginal decline by three per cent to 3,004.06 Billion Cubic Feet (BCF) in one year. This development, which is a major setback, is coming as a negative momentum to the Federal Government’s determination in improving the utilisation of gas in the country. According to statistics from the Nigeria National…
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Nigeria Spends $1.5b Annually On Dairy Products
The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono said, 60 percent of dairy products consumed locally are imported with about $1.5 billion spent yearly. Dairy products or milk products are a type of food produced from or containing the milk of mammals, most commonly cattle, water buffaloes, goats, sheep, and camels. Dairy products…
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GDP Growth: IMF To Revise Nigeria’s 2021 Forecast
The International Monetary Fund has said that it may revise its 2021 outlook for Nigeria’s economy upwards from 1.5 percent it projected earlier. IMF said the revision would come the next round of its projection this April given recent positive developments in the economy. The IMF had projected that Nigeria’s economy would grow by 1.5…
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Why 50 Million Nigerians Must Not Be Drafted Into The Army
APC leader and presidential aspirant, Bola Tinubu recently advised President Muhammadu Buhari to enlist unemployed Nigerian youths into the army to help fight insecurity. “Recruiting 50 million young Nigerians into the army will cut off terrorism supply line”, Tinubu said during a lengthy speech on insecurity at his 12th Colloquium which held in Kano on…
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Nigeria’s Bitcoin Crackdown Sets Off Global Crypto Debates
The recent directive by the Central Bank of Nigeria to shut down crypto trading in the country has driven conversations by governments around the world on how to regulate Bitcoin and other cryptocurrencies without stifling innovation. Nigeria’s directive which was met with backlash had prohibited banks and financial institutions from facilitating payments for cryptocurrency exchanges…
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FG To Alleviate 10 Million Nigerians From Poverty In 10 Years
New reports claim that the federal government under the leadership of President Muhammadu Buhari is well on the way to saving 100 million Nigerians from poverty within a 10-year mark. This was made known in an interview with the present coordinator of the National Social Safety Nets Coordinating Office (NASSCO), Mr Apera Iorwa. Mr Iorwa,…
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Ghana Signs Post-Brexit Trade Deal With The UK
While experts believe the UK would prioritise deals with the EU, United States, China, South Korea and Australia, UK’s recent deal with West African country, Ghana, is a major step towards easing export cost for Ghana. On March 3, 202l, Ghana and the United Kingdom signed a trade agreement worth $1.6 billion, in one of…
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Unemployment Claims Rise to 770,000 In The US
New reports have shown that 770,000 people signed up for unemployment benefits in America despite reported steadily recovering economy. The report from the US Department of Labour on Thursday showed that jobless claims climbed from 725,000 from the week before. Even the numbers look better since the depths of the recession last year, still, the…