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Has Nairaland declared war on lifesaving chloroquine?
businessTimes

The media in any given society have a three-pronged primary responsibility: to inform, educate and entertain the citizenry. SEE ALSO: COVID-19: Ikeja Electric moves all Transactions Online In fact, so germane is the duty of ...

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EFCC arrests 5 Fidelity Bank Staff Stealing from Dead Customers
businessTimes

Five members of staff of Fidelity Bank were on Monday dragged before Justice Archibong Archibong of the Akwa Ibom State High Court sitting in Uyo for stealing from dead customers. SEE ALSO: NSE: Market capitalisation dips ...

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British exports to the European Union (EU) could fall by as much as 14 per cent if the two sides are unable to strike a free trade deal, a UN study found. According to the UN Conference on Trade and Development (UNCTAD) study released on Tuesday, the fall also could be 9 per cent lower even if an agreement was reached, The imposition of tariffs under a no-deal scenario would crimp trade, with the effect amplified by so-called non-tariff measures (NTMs) such as quotas, licensing and regulatory measures protecting health, safety and the environment. NTMs would double the negative impact of tariffs and could lead to an overall 32 billion dollars hit to British exports, study said. The agriculture, food and beverages, and wood and paper sectors seem particularly exposed, it found, with a weaker impact on electrical and machinery, metal products, chemicals, and textiles and apparel. NTMs affect more than 80 per cent of trade in developed counties and more than 90 per cent in the EU, it noted. Britain left the EU in January and aims to negotiate a deal on future relations by the end of this year, when the Brexit transition period expires. Even if a “standard” free trade agreement emerged from the talks, British exports to the EU could still drop by 9 per cent, dealing a major economic blow as the single market absorbs 46 per cent of Britain’s sales abroad, it said. “EU membership has its advantages to deal with non-tariff measures that even the most comprehensive agreement cannot replicate,” UNCTAD’s director of international trade, Pamela Coke-Hamilton, said in a statement. In a no-deal scenario, Ireland’s exports to the United Kingdom are expected to drop 10 per cent as a result of non-tariff measures and tariffs, the study based on 25 years of data found. On the other hand, exports from developing countries into Britain and to a smaller extent into the EU could increase if Britain does not increase tariffs for third countries, it added. The study did not estimate the impact of a “soft” exit scenario that largely maintains the status quo, saying much depends on the details of the relationship that results. Britain has said it wants a Canada-style trade deal with the EU, but the EU has said this would require Britain to accept a level playing field in areas from state aid to taxation. Britain has said that it does not want regulatory alignment with the bloc and that this was not what the EU demanded of Canada for a free trade deal.
businessTimes

British exports to the European Union (EU) could fall by as much as 14 per cent if the two sides are unable to strike a free trade deal, a UN study found. SEE ALSO: https://www.businesstimesng.com/ndic-liquidates-427-institutions-official/ According ...

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UBER
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PIN Code Verification Feature Now Available For All Uber Riders In Nigeria
businessTimes

This week Uber users in Nigeria will have the option of receiving a four-digit PIN code to provide to their driver before starting a trip. This added layer of verification can help ensure users get ...

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Chinese govt. doing well in controlling virus spread — Namibian experts
businessTimes

Some Namibian experts say that the Chinese government has been doing well in controlling spread of the coronavirus while at the same time promoting social and economy development. SEE ALSO: https://www.businesstimesng.com/no-new-budget-proposal-at-eu-summit-after-night-of-talks/ Mr Shaun Whittake, a clinical ...

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TIZETI NETWORK LIMITED
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Tizeti Network Limited (wifi.com.ng): Sorry Excuse For A Network Provider
businessTimes

According to their website, Tizeti supposedly “provides high-speed broadband internet to Residences, Businesses, and Events etc.” while Wifi.com.ng is the internet service provided by Tizeti Network Limited. Now the first statement you see when you ...

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Herbert Wigwe
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Herbert Wigwe Of Access Bank Under EFCC Investigation
businessTimes

Though Access bank has issued press release to deny that Mr. Herbert Wigwe was arrested by the Economic and Financial Crime Commission (EFCC), it did not deny that Mr. Wigwe was quizzed by EFCC. Sometime ...

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More tough time ahead for Nigeria as IEA cuts oil growth forecast for 2020 on Covid-19
businessTimes

Global demand for oil will see its slowest growth since 2011 on account of the spread of the deadly Coronavirus or Covid-19, the International Energy Agency, IEA has said. SEE ALSO: The forecast is bound ...

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Herbert Wigwe
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Alleged Fraud: Access Bank’s Herbert Wigwe Arraigned By EFCC
businessTimes

For his alleged involvement in a N2.5billion fraud, the Managing Director and Chief Executive Officer of Access Bank Plc, Herbert Wigwe, the bank and others, have been charged before an Ogun State High Court, Sagamu ...

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5 big questions for the FBI director nominee
businessTimes

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