JP Morgan removes Nigeria from its list of emerging market recommendations

JPMorgan has removed Nigeria from its list of emerging market sovereign recommendations that investors should be ‘overweight’ in, saying the country had not taken advantage of high oil prices. Analysts use overweight and underweight to broadcast recommendations on buying or avoiding stocks of certain sectors. Analysts attach an overweight recommendation to a stock that they believe will outperform its sector in the near future. According to Reuters, the bank analysts said Nigeria’s national oil company (NNPC) did not transfer any revenue to the government from January to March this year due to petrol…

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FG Suspends Basketball In Nigeria For Two Years

President Muhammadu Buhari has approved the immediate withdrawal of Nigeria from all international basketball competitions for a period of two years with immediate effect. Sunday Dare, the Minister of Youth and Sports Development, disclosed this while briefing newsmen on Thursday in Abuja. Dare, represented by Ismaila Abubakar, the Permanent Secretary of the Ministry, said a committee would be set up to oversee basketball leagues in the country.   Read Also : Buhari appeals to ASUU to end strike, confers awards “Following the unending crisis which have plagued and nearly crippled…

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Nigerian Government To Evacuate Citizens In Ukraine As War Escalates

The Nigerian Government has announced intentions to evacuate its citizens in Ukraine following an invasion by Russia, POLITICS NIGERIA has learned. The Federal Government of Nigeria is planning for special flight operation to evacuate her citizens from Ukraine in view of the escalating tension between that country and Russia. Minister of Foreign Affairs Geoffrey Onyeama in an interview with NTA said the Nigerian embassy in Kiev has been contacted to arrange those wishing to the return home from other areas including Donestk and Luhensk.   Read Also : US Warns…

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Are Nigerians being exploited via IELTS?

IELTS, The International English Language Testing System, is an international standardized test of English language proficiency for non-native English language speakers. It is jointly managed by the British Council, IDP: IELTS Australia and Cambridge Assessment English, and was established in 1989. The keyword above is “non-native” English language speakers. Can someone please tell me if Nigeria isn’t a native English language speaker? It’s quite unfortunate that the British and other countries like Canada 🍁 have been exploiting Nigeria 🇳🇬 via the exorbitant English proficiency test, IELTS. From the information above,…

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Breaking : Federal Government lifts twitter suspension in Nigeria

The Federal Government has lifted the suspension of Twitter operations in Nigeria after approval by President Muhammadu Buhari The decision was announced by the Chairman Technical Committee Nigeria-Twitter Engagement and Director-General National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, CCIE. Kashifu, in a statement in Abuja, said the approval was given following a memo written to the President by Minister of Communications and Digital Economy, Prof Isa Ali Ibrahim. He said: “The Federal Government of Nigeria (FGN) directs me to inform the public that President Muhammadu Buhari, GCFR, has…

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FG Reinstates Emirates’ Flight Schedule To Nigeria

The Federal Government has reinstated Emirates’ winter flight schedule to Nigeria following the offering of daily slots to Air Peace at the Dubai Airports, DXB. This is contained in a letter to the Emirates Country Manager, Nigeria signed by the Director-General, NCAA, Capt. Musa Nuhu dated 21st December 2021. The letter read, “Following further consultation with various stakeholders and the letter from the Dubai CAA with reference number DCAA/ASA/N-3/016 dated 17th December 2021 offering Air peace airlines daily slots at Dubai airports, I wish to inform you the reinstatement of…

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Omicron: Canada Lifts Travel Ban On Nigeria, Other African Countries

Canada announced Friday the lifting of a ban on foreign travelers from 10 African countries, while reimposing testing and warning that the Omicron variant of Covid-19 risks quickly overwhelming hospitals. The travel restriction on flights from South Africa, Mozambique, Botswana, Zimbabwe, Lesotho, Eswatini, Namibia, Nigeria, Malawi and Egypt will end at 11:59 pm on Saturday (0459 GMT Sunday), Health Minister Jean-Yves Duclos told a news conference. The restriction had been announced last month “to slow the arrival of Omicron in Canada and buy us some time,” he said. But with…

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UK Adds Nigeria To Red List Over Omicron Fears

The United Kingdom has added Nigeria to its red list category as it tightens travel restrictions in an effort to limit the spread of the COVID-19 variant, Omicron. “From 0400 on Monday 6 December, Nigeria will be added to the red list for entering England,” the UK government’s travel advisory on Nigeria said. This means Nigerians who do not have UK citizenship or residence permit can no longer travel to the country until the advisory is revised.   Read Also : Delta state wades into the Dowen College Saga  …

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Germany donates 5.16m COVID-19 vaccine doses to Nigeria

The most recent badge arrived in Nigeria on 29 November 2021, containing 2,240,243 doses of Johnson&Johnson vaccines. The German Ambassador to Nigeria, Birgitt Ory on Friday said “Nobody is safe until everybody is safe. We must continue to work together to ensure access to vaccines. “Therefore, Germany is a strong supporter of COVAX as well as the co-founder and second-largest donor of the Access to COVID-19 Tools Accelerator (ACT Accelerator),” he said. According to him, the German Government is working to ensure the fair and efficient distribution of COVID-19 vaccines…

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Emirates Airline sets date to resumes flight operations to Nigeria

Emirates airline says it will resume passenger operations between Dubai and Nigeria from December 5, 2021, mandating COVID-19 PCR tests for all inbound travellers. With this, it is understood that passengers from Nigeria will take the COVID-19 PCR test within three days before departure and another test on arrival at the UAE. Emirates, the flag carrier of the UAE, said this in a statement made available to TheCable on Thursday. The world’s largest international airline will operate to and from its Nigerian gateways with daily flights, providing travellers from Nigeria…

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