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Trade between the UK, Nigeria stands at 5.5 billion pounds
Abuja, Nov. 29, 2022 -The volume of trade between the United Kingdom and Nigeria Nigeria has risen to 5.5 billion pounds annually. The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo and Uk Trade Envoy to Nigeria, Helen Grant confirmed the figures in a statement at the 8th ministerial meeting of the United Kingdom-Nigeria Economic Development Forum (EDF) According to the statement, the total trade in goods and services (exports plus imports) between the UK and Nigeria currently stands at 5.5 billion pounds. “Of this 5.5 billion pounds, total UK …
Afreximbank announces $1bn funding to boost African creative art
Abidjan, 29 November 2022 – Prof. Benedict Oramah, the President of African Export-Import Bank (Afreximbank), has announced a funding package of US$1 billion to support Africa’s creative industries under the auspices of the CANEX. Oramah announced the new package at the opening of a three-day event of CANEX organised by Afreximbank in partnership with the Government of Republic of Côte d’Ivoire. The CANEX WKND brought together about 3 000 cultural and creative talents, as well as investors, industry leaders, government representatives, and the media from Africa and the Diaspora, at the …
RT200: Nigerian exporters repatriated $4.98bn in 9 Months – Emefiele
Lagos, Nov. 29, 2029 – Nigerian non-oil exporters repatriated $4.98bn through the CBN $200bn Non-oil Export programme in its first nine months. The apex bank paid exporters N81bn rebate in the course of the programme. The Governor of the Central Bank of Nigeria, Godwin Emefiele, said this at the second edition of the TR200 Bi-annual Conference with theme ‘RT200 Non-Oil Export Programme: The Journey So Far’ held in Lagos on Tuesday. The RT200 is a programme of the Bankers Committee introduced in February 2021 and designed to encourage non-oil exporters …
FG approves N80bn for reconstruction of Sapele-Benin, Amukpe-Agbor roads
Sapele, Nov. 29, 2022 – The federal government has released N80 billion for the reconstruction of the failed Sapele-Benin road and Amukpe-Agbor-Uromi roads in Delta State. Senator Ovie Omo-Agege, the Deputy President of the Senate and APC Gubernatorial Candidate in Delta, said this in Sapele on Monday at a meeting with members of the Christian Council of Nigeria (CAN). He said that he requested from Delta State Governor, Dr. Ifeanyi Okowa, to know the status of the road all the way from Petroleum Training Institute to Agbor as soon as …
Anambra to enact laws to check fire outbreaks
Onitsha, Nov. 29, 2022 – Gov. Chukwuma Soludo of Anambra State says the state government will enact laws and take other measures to reduce fire outbreaks in the state. Soludo said this on Tuesday at the scene of a fire incident on Kano Street beside the Main Market in Onitsha. The governor, who was represented by his Deputy, Onyekachukwu Ibezim, advised traders to always insure their goods to reduce effects of fire incidents at markets. He said the visit was to physically assess the extent of damage and offer advice …
Minister, industry captains to grace 50th Golden Jubilee celebration of SON
Lagos, Nov. 29, 2022 – The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, will be the Special Guest of Honour at the 50th anniversary celebration of the Standards Organisation of Nigeria (SON) on Dec. 6, 2022. He will be supported by eminent personalities like captains of Industry, heads of ministries, departments and agencies, international development and technical partners as well as operators in business, commerce and industry. A statement by Mrs Foluso Bolaji, the Director of Public Relations in SON, said the company’s Golden Jubilee ceremony would hold …
Buhari advises ECOWAS members to remove colonially inspired differences, boundaries
Abuja, Nov. 28, 2022 – President Muhammadu Buhari has called on members of ECOWAS states to remove physical and psychological boundaries and other colonially-inspired differences for the region to progress economically. The President also advised the ECOWAS parliament on the need to align its programmes to those of the founding fathers of the sub-regional body. Buhari made these calls at the opening of 2022 Second Ordinary Session of the ECOWAS Parliament in Abuja on Monday. He said that the vision of the founding fathers of ECOWAS was to have a …
Budget Padding: Ministry denies allegation
Abuja, Nov.28, 2022 – The Ministry of Finance, Budget and National Planning has denied allegation of budget padding by some ministries, departments and agencies. The ministry said that the funds in question were only wrongly captured in the budget estimates submitted to the National Assembly. It will be recalled that the Ministry of Humanitarian Affairs and Disaster Management has alleged that N206,242,395,000 found its way into its budget without its knowledge. The Special Adviser to the Minister on Media and Communications, Yunusa Tanko Abdullahi, said in a statement that the …
Judiciary had its highest budget of N130bn in 2022 – Malami
Abuja, ov. 28, 2022 – Abubakar Malami, the Attorney General of the Federation (AGF) and Minister of Justice, on Monday said that the judiciary received it highest budgetary allocation of N130 billion in 2022. He said that the judiciary had the best funding under President Muhammadu Buhari and promised promised better days for the judicial officers and their institutions in the country when the planned improved packages are implemented. Malami, a Senior Advocate of Nigeria, SAN, spoke at the Supreme Court during its 2022/2023 Legal Year and inauguration of the …
Judiciary has highest budget of N130bn in 2022 -Malami
Abuja, Nov. 28, 2022 – Abubakar Malami, the Attorney General of the Federation (AGF) and Minister of Justice, on Monday said that the judiciary received the highest budgetary allocation of N130 billion in 2022. He said that the judiciary had the best funding under President Muhammadu Buhari and promised promised better days for the judicial officers and their institutions in the country when the planned improved packages are implemented. Malami, a Senior Advocate of Nigeria, SAN, spoke at the Supreme Court during its 2022/2023 Legal Year and inauguration of the …