The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of Africa. Prof. Benedict Oramah, Afreximbank’s President said this in a statement on Friday in Abuja. Oramah inaugurated the programme as part of agreement made […]
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The National Bureau of statistics (NBS), says the Consumer Price Index (CPI), which measured inflation increased to 11.28 per cent (year-on-year) in November from 11.26 per cent recorded in October. The NBS disclosed this in its “CPI and Inflation Report’’ for November released in Abuja on Friday. According to the bureau, the figure is 0.02 […]
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The Executive Chairman, Federal Inland Revenue Service, FIRS, Mr. Tunde Fowler has said the Service has generated ₦5 trillion by the second week of December 2018, adding that the agency is at the verge of making ₦5.3 trillion at the end of the year. Speaking at the induction of new members of the Joint Tax […]
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The World Bank has indicated its intention to spend $3 Million on three government technical colleges in Ekiti State under the Bank’s Innovation and Development Effectiveness for Acquisition of Skills, IDEAS, programme. This was disclosed during a meeting of the World Bank Team with Governor Kayode Fayemi of Ekiti State, yesterday, in Ado-Ekiti. The World […]
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President Muhammadu Buhari, yesterday, in Abuja said that reforming the Petroleum Industry was necessary to unlock untapped potentials for the nation but added that he will not be in a rush to carry out such reforms to protect Nigeria’s interest. Buhari said reforms in the industry must be well thought-out and have the best interest […]
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Governors are to meet President Muhammadu Buhari again to find a way out of the controversy surrounding a new minimum wage, just as Nigeria Employers’ Consultative Association (NECA) calls for the implementation in January. The governors on the platform of the Nigerian Governors Forum (NGF) are meeting with Buhari on Friday. But the NGF Head, […]
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has clarified that the Organisation of Petroleum Exporting Countries (OPEC) did not grant Nigeria further exemption in the cartel’s output cut deal because the country did not request for further exemption. Kachikwu told THISDAY on the sidelines of the recent OPEC meeting in Vienna, Austria, […]
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The Nigerian National Petroleum Corporation, NPPC, says it has 2.6 billion litres of petroleum products offshore and onshore in Lagos State to meet the nation’s demands. Mr Isiaka Abudulrasaq, the Chief Financial Officer of NNPC gave the assurance in an interactive session with journalists in Lagos on the corporation’s stewardship to Nigerians in Lagos on […]
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The Federal Executive Council, FEC, on Friday, approved the 2019 budget proposal. FEC made the approval at its special session presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja. Though the meeting was scheduled to take one hour, it lasted for about two hours thirty minutes as it started by 10:30am […]
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President Muhammadu Buhari has said to demonstrate his commitment to Nigeria’s reforms, that he would give assent to the Petroleum Industry Governance Bill, PIGB, as soon as the National Assembly presents it to him. This was as he appealed to workers in the oil and gas sector to accord maximum cooperation to his administration in […]
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The Standards Organisation of Nigeria (SON), yesterday, said it would blacklist and publish the names of erring importers and manufacturers of fake and sub-standard lubricants in the country. The Director General, SON, Osita Aboloma, disclosed that the action was aimed at sending a strong warning to unscrupulous individuals involved in the illicit business. Aboloma stated […]
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Vice President, Yemi Osinbajo, has said the nation failed to plan for its future in spite of the fortunes it made from crude oil sales and other sources under the government of President Goodluck Jonathan. Osinbajo stated this on Tuesday at the opening ceremony of the 5th National Family Planning Conference in Abuja. The VP, […]
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