Nigerian News – Page 5 – opulence africa

Currency deal with China will boost both economies – Nigeria

April 21, 2016

Minister of Foreign Affairs Geoffrey Onyeama on Wednesday said the currency deal signed between Nigeria and China during the recent visit of President Muhammadu Buhari to China would boost the economies of b...

Nigerian govt. approves monitoring, evaluation instruments for smooth execution of 2016 budget

Editor

April 21, 2016

African News, Nigerian News

The Federal Executive Council (FEC) on Wednesday in Abuja approved a monitoring and evaluation mechanism for the successful implementation of the 2016 budget when finally signed into law. The Minister of Bud...

China loans Nigeria $6b

Editor

April 12, 2016

African News, Nigerian News, World News

China has offered Nigeria loans worth $6bn (£4.2bn) to fund infrastructure projects in Africa's biggest economy, the Nigerian foreign minister said on Tuesday, Reuters news agency reports. "It is a credit th...

President Buhari seeks to reduce trade imbalance between Nigeria and China

Editor

April 12, 2016

African News, Nigerian News, Spotlight, World News

President Muhammadu Buhari has urged Nigerian and Chinese business communities to work harder to reduce the trade imbalance between both countries which is currently in China’s favour. The Nigerian President...

Cash crunch: Nigeria’s revenue agency targets N4.9trn in 2016

Editor

April 12, 2016

African News, Nigerian News, Spotlight

The Federal Inland Revenue Service (FIRS) says it is targeting a revenue of N4.9 trillion in 2016. Chairman of FIRS, Mr Tunde Fowler, disclosed this on Monday at the opening of the 134th Joint Tax Board meet...

2016 Budget: Nigeria may sell Panda Bond

Editor

April 12, 2016

African News, Nigerian News, Spotlight

Nigeria is considering selling Chinese Panda bonds to help finance the 2016 budget, its finance minister said on Saturday. The OPEC member is also looking to sell Eurobonds, apart from loans from multilatera...

Unemployment: Nigeria’s APEX bank launches youth entrepreneurship fund

Editor

March 25, 2016

Nigerian News

The Central Bank of Nigeria (CBN) has launched the Youth Innovative Entrepreneurship Development Programme (YIEDP) in furtherance of its intervention in the real sector of the economy and job creation effort. ...

Space travel: First Nigerian astronaut will be ready by 2030

Editor

March 25, 2016

Nigerian News

The Minister of Science and Technology, Dr. Ogbonnaya Onu, on Thursday in Abuja, said a Nigerian astronaut would land in space on or before 2030. Onu made the assertion when the management team of the Defenc...

NASS passes 2016 budget, retains N500bn for the poor, hopes for economic rebound

Editor

March 24, 2016

Nigerian News

Lawmakers have retained the N500 billion intervention fund for the poor in this year’s N6,077,680,000,000 budget. The Muhammadu Buhari administration plans to dole out N5,000 to the poorest in the land and f...

Chibok Girls: why UK, US could not rescue them even as location was known – Ex-British Envoy

Editor

March 21, 2016

African News, Nigerian News, World News

The US and British governments knew where at least 80 of the Nigerian girls kidnapped by Boko Haram were but failed to launch a rescue mission, it has been revealed. The Boko Haram terrorists stormed a secon...