Thursday June 21, 2018 16:57

NIGERIA Press Releases

GAC Motor Delivers 150 GA3Ss to Police Force of Nigeria General—04 Jun 18

GAC Motor has officially delivered 150 GA3Ss to Nigerian police force in Nigerian capital city of Abuja, which were purchased and donated by Alhaji Aliko Dangote, Chairman of Aliko Dangote Foundation. This is the second time that the company has

Africa: diminishing reserves increase risks of another crash Stcoks—24 Apr 18

- Continued pressure on foreign exchange since 2014 has had direct consequences on corporate operations - In 2017, higher raw material prices reduced the pressure on exchange rates in Southern Africa, Nigeria, Egypt and WAEMU - Tensions remain high in

Country and sector risks worldwide: Now that peak growth has been reached in the United States and General—18 Apr 18

- Nigeria, South Africa and the energy sector in Brazil, Argentina and Chile are taking advantage of the rise in commodity prices Business confidence is starting to be affected by the risk of a trade war Particularly strong global growth (a forecast of

GFSI Recognises Excellence in Food Safety With its Global Market Awards General—08 Mar 18

- Four companies, Nuts and Legumes Co. (Pakistan), Plantation Industries Limited (Nigeria), Fuji Foods Co. Ltd. (Japan) and ASOCIACIONES AGROINDUSTRIALES SERRANAS S.A DE C.V (Mexico), recognised for application of the GFSI Global Markets Programme on

IMF Executive Board Concludes 2018 Article IV Consultation with Nigeria Stcoks—08 Mar 18

On March 5, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Nigeria. The Nigerian economy is exiting recession but remains vulnerable. New foreign exchange measures, rising oil prices,

Nigeria: World Bank Approves $486 Million to Improve Nigeria Electricity Transmission Network and Stcoks—16 Feb 18

WASHINGTON, February 15, 2017 – The World Bank today approved an International Development Association (IDA)* Credit and an IDA Scale Up Facility Credit in the total amount of $486 million equivalent for rehabilitation and upgrading of electricity

The Case for Sustaining State Fiscal Reforms: Nigeria Economic Update Stcoks—22 Nov 17

ABUJA, November 21, 2017—Nigeria's GDP expanded by 1.4 percent in the third quarter of 2017 (year-on-year), the second quarter of growth after the recession of 2016, reflecting recovery in oil production, good performance in agriculture, and

IEP#s 2017 Global Terrorism Index: Terrorism Deaths Down 22% Compared to 2014 Peak as Radical General—15 Nov 17

- For the second consecutive year, the total number of deaths is down with a 13% YOY reduction compared to 2015. - Syria, Pakistan, Afghanistan and Nigeria, four of the five countries most affected by terrorism, recorded 33% fewer deaths. - The largest

IMF Staff Concludes Visit to Nigeria Stcoks—03 Aug 17

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF's

Xpress Money and TerraPay Partner to Enable Real-time International Money Transfers to Mobile Stcoks—12 Jul 17

- Initial service rollout includes remittances to all mobile wallets in Tanzania and all mobile numbers in Nigeria , one of the world's most dependable money transfer brands has partnered with TerraPay , the world's first mobile payments switch, to

ECOWAS Member States to Agree on Regional Investment Climate Scorecard to Unlock Investment in West Stcoks—14 Jun 17

LAGOS, Nigeria, June 13, 2017 — The Economic Community of West African States (ECOWAS) and the World Bank Group will co-host the ECOWAS Investment Climate Scorecard Roundtable in Lagos, Nigeria from June 13-14, under the European funded Improved

IMF Executive Board Concludes 2017 Article IV Consultation with Nigeria Stcoks—31 Mar 17

On March 29, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Nigeria. With oil receipts dominating fiscal revenue and exports, the Nigerian economy has been hit hard by low oil prices and

Nigeria: World Bank Approves $200 Million Emergency Support to North Stcoks—21 Mar 17

ABUJA, March 20, 2017—The World Bank's Board today approved a $200 million credit to support the Government of Nigeria's response to the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria.

TerraPay Joins Forces With MoneyTrans and Paga to Make Cross Border Remittance Easy Between Europe Stcoks—17 Feb 17

TerraPay [ https://terrapay.com/ ], a mobile-first international payment network, today announced that it has partnered with MoneyTrans [ http://www.moneytrans.eu/ ], a leading Money Transfer company established in Europe and Africa as well as Paga [

World Bank Report: Improving Conditions for People and Businesses in Africas Cities Is Key to Stcoks—10 Feb 17

WASHINGTON, February 9, 2017—Africa's cities are growing in population – adding the size of another Nigeria to cities by 2025 – so have a critical role to play in their countries' economic growth, says a new World Bank report released

UN Human Rights Office calls on Singapore to halt execution of Nigerian General—18 Nov 16

The UN Human Rights Office for South-East Asiacalls on Singapore to urgently halt the scheduled execution of Nigeriannational Chijioke Stephen Obioha, and urges the Government to immediately reinstate a moratorium on the use of the death

2016 Global Terrorism Index: 650% Increase in Deaths from Terrorism Amongst OECD Member General—16 Nov 16

- 10% fall in global deaths from terrorism in 2015 overshadowed by a rise in the overall impact of terrorism as more countries register record terrorist levels - Military success against ISIL and Boko Haram resulted in fewer deaths in Iraq and Nigeria,

Greater freedom for Nigerian financial markets with launch of Thomson Reuters FX Central Limit Stcoks—17 Oct 16

Working with local organizations, this move demonstrates Thomson Reuters commitment to growth in Africa and its ability to take existing financial solutions used in G10 countries and apply them in emerging markets Lagos, Nigeria – Thomson Reuters

GAC Motor#s SKD Project Kicks off in Nigeria, Further Highlighting Quality Control in Global General—14 Oct 16

GAC Motor finishes parts assembly and testing of its first eight GS4 vehicles for its GAC Motor SKD (semi knocked-down) project in Oct. 1 through CIG Motors, distributor of GAC Motor in Nigeria. The successful launch of GAC Motor SKD project is the first

ECOWAS Member States Take Stock of Transfer Pricing in the Region and Determine the Direction of Stcoks—12 Oct 16

ABUJA, Nigeria, October 11, 2016 — The Economic Community of West African States (ECOWAS), the Federal Inland Revenue Service (FIRS) and the World Bank Group will co-host the first Transfer Pricing Regional Meeting for ECOWAS Member States in

T.B. Joshua Honoured in Peru General—27 Sep 16

A Nigerian cleric was bestowed with the 'key to the city' of Lima, Peru, on Saturday 24th September 2016. The recipient of the honour, T.B. Joshua, had just concluded a Christian Crusade in South America's largest stadium, 'Estadio Monumental', which

Ecobank launches Ecobank Masterpass QR in Nigeria Stcoks—08 Sep 16

Lagos, Nigeria -- Ecobank Group has partnered with Mastercard to launch Ecobank Masterpass QR, an enhancement to the Masterpass global digital payment service that will enable millions of micro, small and medium enterprises (MSMEs) in Nigeria to accept

Puma Energy Delivers First Bitumen to Nigeria Energy—06 Sep 16

Puma Energy, the global mid and downstream energy company, is pleased to announce the delivery of its first cargo of bitumen to its terminal located in Calabar, South East, Nigeria under a joint venture with WABECO Petroleum Ltd, registered as P.E.

Puma Energy ขนส่งยางมะตอยล็อตแรกไปยังไนจีเรีย พลังงาน—06 Sep 16

Puma Energy บริษัทพลังงานกลางน้ำและปลายน้ำระดับโลก ได้ทำการขนส่งยางมะตอยล็อตแรกไปยังบริษัท P.E. Bitumen Resources (Nigeria) Limited ในเมืองคาลาบาร์ ทางภาคตะวันออกเฉียงใต้ของไนจีเรีย ซึ่งเกิดจากการร่วมทุนกับ WABECO Petroleum Ltd

Central Bank of Nigeria reverses ban on nine banks from FX market Stcoks—01 Sep 16

The Central Bank of Nigeria (CBN) has reversed suspension placed on nine banks over remittances of $2.1 billion Nigerian National Petroleum Corporation (NNPC) fund into the treasury single account (TSA). CBN Deputy Governor, Banking Supervision, Tokunbo