Nigeria
FAAC allocates N720.8bn to FG, states, LGs
The Federation Accounts Allocation Committee on Thursday allocated the sum of N720.88bn to the three tiers of government. The N720.880bn...
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CBN backs land border closure, invests N146bn in rice farming
The Central Bank of Nigeria (CBN) has backed the federal government’s closure of all land borders saying the closure has...
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Discos move to install six million meters
The 11 power distribution companies operating in Nigeria have commenced moves to install six million meters in the residents of...
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CBN raises momentum in cash-less Nigeria project
The race for the national roll-out of cash-less policy in the country has gained additional momentum, as the Central Bank...
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FG to auction long term bonds at 14 %
As part of capital raising for the 2019 Budget, the Debt Management Office (DMO) is offering five, 10 and 30...
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Analysts Back Afreximbank’s Push for Foreign Reserves Domestication
Economic experts have supported the push by the African Export and Import Bank (Afreximbank) to mobilise part of the foreign...
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MAN, NECA, experts task FG’s new economic team on fiscal, monetary policies
The Manufacturer Association of Nigeria (MAN), The Nigeria Employers’ Consultative Association (NECA) and some financial and economic experts yesterday lauded...
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CBN imposes extra charges on cash deposits, withdrawals
Withdrawals and deposits of physical cash in Nigeria will now attract processing fees payable by individuals or corporate owners of...
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Abuja Trade Fair to Boost Financing for SMEs
The 13th edition of the Abuja International Trade Fair (AITF) will seek to stimulate Small and Medium Enterprises (SMEs) to...
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FG constitutes task force to recover N5trn AMCON debt
The Federal Government has inaugurated an Inter-Agency Task Force in its bid to recover over N5 Trillion outstanding debts owed...
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PPPRA: Nigerians Increasingly Switching from Kerosene to LPG
The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that Nigerians are increasingly moving away from using household kerosene for...
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NCC gets 10 days deadline to block 2m SIM cards
The Federal Government has given NCC up to September 25 to cut off 2.224million improperly registered SIM cards from telecom...
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My wish for Nigeria, by Bill Gates
High level of poverty and inequality that exists in Nigeria Well, Nigeria is a super-important country and one that the...
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Chinese investments in Nigeria’s real sector hit $3bn
As China marks 70 years of its establishment as a nation, and 48 years of diplomatic relations with Nigeria, the...
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NPA wants ‘on-the-spot’ auction of overtime cargoes littering ports
Irked by the huge volume of overtime cargoes occupying valuable spaces in the port’s environs, the Nigerian Ports Authority (NPA)...
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Dangote tomato processing factory shut down again
The Dangote tomato processing factory located in Kano is said to be idle at the moment. The Bloomberg reported that...
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NNPC Agrees to $2.5bn Financing with Chinese Lender for Pipeline Project
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has...
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Xenophobia: FG to evacuate 319 from South Africa Tuesday
No fewer than 319 Nigerians will be evacuated from South Africa on Tuesday. The PUNCH learnt on Sunday that arrangements...
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Budgeting with inaccurate statistics hurts economy – NBS
The Chairman of the Board of National Bureau of Statistics (NBS), Dr. Kabiru Nakaura, has said that budgeting and planning...
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Oil prices surge after attacks slash Saudi output
https://www.dailymotion.com/video/x7l818n Oil prices saw a record surge Monday after attacks on two Saudi facilities slashed output in the world's top...
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External reserves lowest in six months, at $42.84bn
The nation’s foreign exchange reserves have declined further, falling to the lowest level since March 12, latest data obtained from...
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VAT increase to generate additional N479.7b revenues
The proposed 7.2 per cent Value Added Tax (VAT) proposal by the Federal Executive Council (FEC) is expected to generate...
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Report: Nigeria’s Sesame Seed Export Value to Hit N120bn Annually
A report by Agusto & Co has revealed that Nigeria’s sesame seed export value to Asia and Europe has potential...
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Controversy over 7.2 per cent VAT rate
MIXED reactions on Thursday trailed the 7.2 per cent Value Added Tax (VAT) proposed by the Federal Executive Council (FEC)....
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Fed Govt eyes 140,000 jobs from NLNG Train 7
THE Nigerian Liquified Natural Gas (NLNG) Train 7 Engineering, Procurement and Construction (EPC) Contract would create over 40,000 direct jobs...
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