PTF: Gradual reopening of economy’ll span six weeks

               …rolls out new measures Banks to operate from 8a.m. to 2p.m Schools remain closed till further evaluation Govt’s ministries, agencies resume on Monday     The Presidential Task Force (PTF) on COVID-19 has said that the gradual reopening of the nation’s economy after the lockdown would take six weeks beginning from Monday, 4th May. Chairman of the PTF and the Secretary to the Government of the Federation (SGF), Boss Mustapha, who also rolled out news measures to combat the pandemic, made this disclosure in his remarks at the daily…

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Organisers call for papers on ‘Censoring Nollywood in a Global Economy

The Faculty of Arts, Federal University of Lafia, Nasarawa State, in collaboration with the National Film and Video Censors Board (NFVCB), invites scholars of film to submit articles for consideration in a book proposed with the title: ‘Censoring Nollywood in a Global Economy’. The organisers in a statement noted that film in Nigeria has developed a characteristic of being a private sector driven innovating industry. The statement reads: “It does not lack heroes / heroines nor does it stay fixated with classics. It is within such a quickly evolving environment…

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Salvaging epileptic economy via tech

Epilepsy is a medical term, meaning literally a severe neurological disorder marked by abrupt recurrent episodes of sensory disturbances, loss of consciousness, or convulsions, associated with unusual tremor in the brain. It’s noteworthy that the aforementioned medical vice can be addressed through the application of lobotomy, a surgical operation in which some of the nerves in the human brain are cut. The current Nigeria’s economy – likewise that of other African nations – is arguably epileptic, thus requires such major surgery as lobotomy if the governments at all levels are…

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Nigeria loses N1.5trn annually to ‘ocean blue economy’

A study conducted by the Federal Government’s Committee on Maritime Trade has revealed that the nation’s maritime sector is losing about N1.5 trillion annually due to its inability to exploit the ‘ocean blue economy.’ Blue economy can be described as a marine-based sustainable, visionary economic developmental process, which leads to improved human well being, through sound management of marine resources. It was learnt that the loss excluded expatriates manpower cost, which is estimated at N600 billion annually going by the report of the National Content Development and Management Board (NCDMB).…

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AfCFTA: Nigeria, others to contribute $25tr to Africa’s economy by 2050

The Director-General of the Nigerian Office for Trade Negotiation (NOTN), Ambassador Chiedu Osakwe, has revealed that Nigeria and other countries are set to push Africa’s Gross Domestic Product (GDP) to $25 trillion by 2050 with the establishment of the African Continental Free Trade Agreement (AfCFTA). Osakwe made this known in an interview with Saturday Telegraph at the National Stakeholder Sensitisation and Consultation in the six geopolitical zones in Lagos. He said that the continent’s trade treaty was very strategic at boosting the intra-trade relations in the continent, saying that last…

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Buhari: Nigeria’s economy, politics turbulent under me

…seals deal on assets repatriation, taxation with Switzerland, Singapore   President Muhammadu Buhari yesterday described Nigeria’s political and economic journey in the last three years as a very turbulent one. The President stated this while inaugurating the National Food Security Council (NFSC) at the presidential villa, Abuja. The council, which was constituted last week, is being chaired by President Buhari himself with the Governor of Kebbi State, Senator Atiku Bagudu as the vice chairman. The Council comprises governors of Kebbi, Tara-ba, Plateau, Lagos, Ebonyi and Delta states, representing the six…

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All change! Nigeria is not an oil economy

Descriptions of Nigeria’s economy often include such phrases as ‘Africa’s largest oil producer’ and ‘the oil rich African nation’ but oil economies are typically characterised by low population densities and abundant oil resources. Saudi Arabia with 10 million barrels of oil per day and 30 million people, Kuwait with 2.7 million barrels of oil per day and 4 million people and Qatar with 1.5 million barrels of oil per day and 2.5 million people are typical of such. These economies pursued an economic model that was built around a large…

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Keep quiet, APC tells PDP over criticism of economy

  National Publicity Secretary of All Progressives Congress (APC) Mallam Bolaji Abdullahi wants the opposition Peoples Democratic Party (PDP) to ‘keep quiet’ and stop what he described as a ‘vengeance filled communication’ on the state of the nation, particularly the national economy. Abdullahi, while speaking with journalists shortly after hosting a Sallah luncheon with a broad spectrum of Kwarans in Ilorin, the state capital, advised the PDP to allow the ruling APC government to tackle the economic difficulties that the PDP government had inflicted on the people of the country.…

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NNPC GMD: Vandals destroying lives, economy

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has said that those vandalising oil pipelines destroy lives and economy. The NNPC boss, who stated this when he received a delegation of the Nigerian Environmental Society who was at the NNPC Towers Abuja for a business meeting, appealed to those who destroy oil pipelines to desist from such nefarious acts, as he said that it is not only harmful to the environment but equally hazardous to the pipeline vandals and the economy. In a statement from…

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