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Africa's richest man Aliko Dangote

Report: Dangote responsible for over 10 percent of Nigeria’s GDP

Aliko Dangote, Africa’s richest man, and his conglomerate, the Dangote Group, have been reported to be responsible for over 10 percent of Nigeria’s gross domestic product (GDP).

Nigerian Shippers Council inspects Edo’s dry port

Officials of the Nigerian Shippers Council (NSC) have arrived in Benin City to inspect facilities at the AMES-Edo Dry Port that would enable a smooth take-off of the port.
Manufacturers Association of Nigeria (MAN)

MAN commends ease of doing business policy

Mr Segun Ajayi-Kadir, Director-General, Manufacturers Association of Nigeria says the Federal Government policy on ease of doing business has boosted the confidence of manufacturers in the economy.

SON threatens to shutdown industries operating without MANCAP certificate in Anambra

The Standard Organization of Nigeria (SON) has threatened to shutdown industries and companies operating without Mandatory Conformity Assessment Programme (MANCAP) certificate in Anambra state.

Federal government urges farmers to utilise central bank’s single-digit lending fund

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has urged operators in the agricultural and manufacturing sectors of the economy to adhere strictly to the terms and conditions of the Central Bank of Nigeria (CBN), single-digit interest rate loans and utilise funds for the purpose which it was granted for.

United States, China escalate trade war

The United States escalated its trade war against China, slapping steep tariffs on another $16 billion in Chinese goods on Thursday.

Computer manufacturers set to tackle youth unemployment

The Certified Computer Manufacturers of Nigeria on Wednesday said it was poised to tackle unemployment by creating more job opportunities for teeming youths in Nigeria.

Foreign reserves drop to $46.37 billion, lowest in five months

The 30 days moving average of the Nigerian external reserves was down to a five – month low dropping to $46.37 billion, the lowest level since March this year.

Official: Gombe centre exports over 400 snakes to UK monthly

Authorities of the Snakebite Treatment and Research Centre, Kaltungo in Gombe state, have revealed that over 400 snakes of different varieties are being exported from the centre to Liverpool in England every month.
Mojisola Christianah Adeyeye

NAFDAC to launch new compendium of regulated products

National Agency for Food and Drug Administration and Control is to launch a new compendium of all registered drugs, processed food, cosmetics, packaged water and medical devices chemicals, an official has said.

Federal government seeks review of pharmacy curriculum

In its quest to reduce the high rate of drug importation in the country, the Federal Government has said there is need to revise the curriculum on pharmacy to one that trains future pharmacists to become entrepreneurs, producers as well as manufacturers.
his handout picture taken and released by Turkish Presidential Press Service sows Turkey's President Recep Tayyip Erdogan saluting supporters after Friday prayers, in Bayburt, August 10, 2018. Turkey's Finance and Treasury Minister, son-in-law of Erdogan, Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year / Murat KULA / TURKISH PRESIDENTIAL PRESS SERVICE / AFP

Turkey doubles tariffs on some US goods amid rising tensions

Turkey doubled tariffs on some imports from the United States - such as passenger cars, alcohol and tobacco - in what it said was retaliation for "deliberate attacks" on its economy.
This picture taken on June 9, 2018 shows a red placard reading "My life is not your porn" during a monthly protest by South Korean women against secretly-filmed spycam pornography in Seoul.Since May, the monthly demonstrations against secretly-filmed spycam pornography in Seoul has shattered records to become the biggest-ever women's protest in South Korea where the global #MeToo movement has unleashed an unprecedented wave of female-led activism. / AFP PHOTO / Jung Hawon / TO GO WITH SKorea-crime-gender, FOCUS BY Jung Hawon

South Korea women hold record mass rally against ‘spycam porn’

Tens of thousands of South Korean women staged a mass rally in Seoul Saturday to protest against spycam porn, urging tougher punishments for peeping Toms as anger over the growing scourge boils over.

NAFDAC destroys N650 million counterfeit goods in Kaduna

The National Agency for Food and Drugs Administration and Control (NAFDAC) has destroyed fake, counterfeit, sub-standard and expired drugs worth N650 million in Kaduna.

Minister Sirika: Federal government not paying $300 million for 5% stake in Nigeria Air

The federal government Tuesday debunked what it termed malicious falsehood of it paying the sum of $300 million for a five per cent stake in Nigeria Air.
Cyril Ramaphosa

President Ramaphosa: Why I’m in Nigeria

Following the killings of many Nigerians in renewed xenophobic attacks in South Africa, President Cyril Ramaphosa of that country, on Tuesday, said he was in Nigeria to meet with President Muhammadu Buhari on the disturbing situation which, he said, was capable of hurting the recently-signed Continental Free Trade Agreement (CFTA).
President of the NLC, Comrade Ayuba Wabba

NLC criticises new tariffs on cigarette, alcohol, tobacco

The Nigeria Labour Congress (NLC) on Friday described the hike in tariff on locally produced alcohol, spirits and tobacco as potentially “counter-productive.”
Samsung

Samsung profits slow due to weak smartphone sales

Samsung shares fell 2 percent as the guidance gave investors insight into how badly the decline in smartphone profitability is hurting the company’s bottom line, after it warned in April of an earnings slowdown amid tougher competition.

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Anthony Lester

UK lawmakers block suspension of member accused of sexual harassment

Britain’s upper House of Lords on Thursday voted to block the suspension of a parliamentarian who allegedly tried to force a woman to sleep with him in exchange for a promotion.
Magnus Abe

Magnus Abe: Politicians will plunge Rivers into violence

The Senator representing the Rivers South-East Senatorial District at the National Assembly, Senator Magnus Ngei Abe has warned politicians not to plunge Rivers State into the kind of violence and mayhem that characterized the 2015 general elections.
Buhari Media Organisation (BMO)

MTN fine: BMO tells senate to face its core duties

The Buhari Media Organisation (BMO) has advised the Senate to desist from interfering with the executive in running of state affairs but to concentrate more on its duties of providing adequate legislation for the growth of the nation.

Educationist urges continued advocacy to end exam malpractice

Prof. Abednego Ekoko, Chairman, Board of Trustees, Exam Ethics Marshal International, has called for continued advocacy by stakeholders to end exam malpractice in the country.
The Vice President, Yemi Osinbajo on Wednesday officially launched the Federal Government’s Trader Moni in Bodija and Oje markets in Oyo state’s capital, Ibadan 20

Yemi Osinbajo: People Money, entrepreneurship banks underway soon

To boost Small and Medium Scale Enterprises (SMEs), Vice President Yemi Osinbajo says the Federal Government will soon establish People Money and Entrepreneurship Banks.