Breaking News in Nigeria Today Wednesday 22nd January 2025
Here are some of the Breaking News in Nigeria Today Wednesday 22nd January 2025 on some of the nation newspapers .
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target=_blank>NIWA Woos Local Firms For Fibre, Aluminum Watercrafts Production
ShareThe National Inland Waterways Authority (NIWA) is considering a strategic collaboration with an Indigenous boat manufacturing company for the production of fibre and aluminum boats in the country. The move is to curb the incessant boat mishap within the brown waters across the country. The Managing Director of NIWA, Bola Oyebamiji, disclosed this when he…
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target=_blank>Import Waivers: Addressing Loopholes, Mismanagement
ShareAfter losing huge amount of money, the Federal Government resolved to reduce the widening gap in granting waivers to companies and individuals, BAYO AKOMOLAFE report In the last two decades, the Federal Government has lost huge amount of money to import waivers granted to some influential Nigerians and firms to import vegetable oil, textile,…
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target=_blank>GDP Rebasing: Signalling Capital Market Growth, Opportunities
ShareAs Nigeria prepares to rebase its Gross Domestic Product (GDP), stakeholders in the economy are weighing its implications, particularly for the capital market, Kelechukwu Mgboji writes While GDP rebasing is a routine statistical exercise, experts believe it carries significant signaling potential, capable of influencing foreign investment, boosting the domestic capital market, and recalibrating…
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target=_blank>Deloitte: Persistent Inflation Pressure May Hinder Nigeria, Ghana’s Growth
ShareProfessional services firm, Deloitte West Africa, has predicted that the persistent rise in inflation in Nigeria and Ghana may hinder both countries’ economic growth. The firm, which stated this in its latest inflation update, pointed out that economic growth was negatively affected when high inflation leads to businesses experiencing increased costs and consumers cutting back…
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target=_blank>AfDB, IOM Hold Talks On Strengthening Migration, Collaboration In Africa
ShareThe African Development Bank (AfDB) and the International Organization for Migration (IOM) have held talks on strengthening migration and development collaboration in Africa. According to a press release, AfDB Group Senior Vice President, MarieLaure Akin-Olugbade recently met with Amy Pope, Director General of the International Organization for Migration (IOM), to discuss closer collaboration between the…
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target=_blank>Agusto & Co Assigns ‘A+’ Rating To FBNQuest Asset Management
ShareFBNQuest Asset Management, a subsidiary of FBN Holdings Plc., has been awarded an A+ rating by Agusto & Co. Limited. According to a press release, this rating reflects the firm’s stable outlook, robust risk management, and strong investment capabilities, highlighting its impressive operational performance and outstanding business profile. It emphasises FBNQuest Asset Management’s ongoing commitment…
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target=_blank>Standard-Setting Bodies Publish Reports On Boosting Transparency
ShareThe Basel Committee on Banking Supervision (BCBS), the BIS Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) have published three final reports containing proposals and practices to improve transparency and streamline margin processes and increase the predictability of margin requirements across centrally and non-centrally cleared markets. According to…
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target=_blank>CBN Ramps Up Battle Against Cash Scarcity
ShareThe heavy N1.35 billion fine the Central Bank of Nigeria’s (CBN) slammed on nine deposit money banks (DMBs) last week for failing to dispense cash via their Automated Teller Machines (ATMs) during the last festive season appears to be way of demonstrating that its determined to end the lingering cash scarcity in the country, writes…
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target=_blank>ICTN: Groups Disagree Over Implementation As FG Loses N825bn
ShareSea Empowerment and Research Center (SEREC) and Air Logistics of the National Association of Government Approved Freight Forwarders (NAGAFF) have disagreed over the implementation of International CargoTracking Note (ICTN) in the port. The tracking note was approved by the Federal Government to curb annual loss of N825 billion ($500 million) to cargo fraud in the…
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target=_blank>Network Security: 87% Of Companies Targeted By Adversaries–Report
ShareThroughout 2024, the most common type of security incident faced by companies was related to network protection, according to the latest Kaspersky IT Security Economics report. Eighty seven per cent of businesses in the Middle East, Turkiye and Africa (META) region encountered adversaries attempting to infiltrate their network, while 56 per cent of companies reported…
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