A cumulative of 154,827 micro, small and medium scale enterprises (MSMEs) have used movable assets valued at ₦1.561 trillion to obtain loans from financial institutions since the National Collateral Register (NCR) was passed into law, THISDAY’s investigation has revealed. The latest NCR report obtained by THISDAY showed that a breakdown of the amount recorded between […]
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The Nigerian National Petroleum Corporation and the Nigeria Police Force on Tuesday pledged to work together in a renewed drive to combat the perennial menace of oil theft and pipeline vandalism across the country. The Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, said in a statement issued in Abuja that the decision […]
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Nigeria recorded its lowest economic confidence score in a year, after a fall in the final quarter of 2018, the latest edition of the Global Economic Conditions (GECS) from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) has revealed. According to the report, in the midst of a poor […]
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Sovereign Trust Insurance Plc said it paid a total of N4.2 billion as claims to customers in 2018. The company, in a statement to this effect that was signed by its Head, Corporate Communications & Brand Management, Segun Bankole, said this was in continuation of its commitment to honour all genuine claims as and when […]
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The Executive Chairman, Kwara State Internal Revenue Services (KWIRS), Professor Muritala Awodun, has disclosed that the agency raked in ₦23 billion in 2018. He, however, said “We know we are not there yet, our potential internally generated revenue (IGR) projection in 2015 was ₦5 billion monthly. if we are just at ₦2 billion, we are […]
Read More The Federal Government has budgeted ₦100 million to boost the National Library of Nigeria’s (NLN) Readership Promotion Campaign, Prof. Lenrie Aina, the National Librarian, has said. Aina, who spoke in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja, said the NLN was extending the campaign to motor parks across the […]
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The National Agency for Food and Drug Administration and Control (NAFDAC) has described the high prevalence of drug abuse among youths in Nigeria as a threat to the society. Mr Babatunde Yusuf, the NAFDAC Coordinator in Osun, made this known at a stakeholders’ meeting on Youths Against Drug Abuse (YADA) on Tuesday in Osogbo. Reports […]
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The Minister of Power, Works and Housing, Babatunde Fashola, has stated that power generation in Nigeria increased by 100 per cent within a space of three years. Fashola, who disclosed this while playing host to members of the Federation of Construction Industry in his office on Monday in Abuja, specifically stated that power generation increased […]
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The Lagos State Government at the 59th retirement benefit bond certificate presentation paid accrued pension rights of ₦817.73 million into the Retirement Savings Accounts of 138 retirees of the public service. In a statement, it said 95 per cent of the beneficiaries were from the State Universal Basic Education. The Commissioner for Establishments, Training and […]
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The Nigeria Labour Congress (NLC), the umbrella body of workers in the country, starts its delegates conference in Abuja today. Comrade Ayuba Wabba, and his executive council members are expected to be returned unopposed on the occasion. TONY AKOWE reports that old challenges await the leadership to confront. The Nigeria Labour Congress (NLC) will hold […]
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Between the end of 2014 and the first quarter of 2017, the job of heading the Central Bank of Nigeria (CBN) was not an enviable one. Nigeria was faced with the harshest economic realities which culminated in its worst recession and the common man on the street could only ask – and reasonably so – […]
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The recent signing of Executive Order 007 2019 by President Muhammadu Buhari to allow private companies construct and refurbish roads across the country, the two-year old Nigeria Industrial Policy and Competitiveness Advisory Council (Industrial Council) has chalked another landmark achievement in accelerating infrastructure development for economic growth. The Executive Order is a Road Infrastructure Development […]
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