The nation’s non-oil sector has the potential to generate a minimum of ₦8 trillion revenue annually. This is the outcome of a study conducted last year by a cross-section of experts drawn from different walks of life. According to the experts led by Omooba Olumuyiwa Sosanya, founding president, Association of National Accountants of Nigeria (ANAN) […]
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The Lagos Chamber of Commerce and Industry (LCCI), has declared Nov. 10, ‘Black Friday’ as part of activities at the ongoing 2017 Lagos International Trade Fair. Mr Sola Oyetayo, Chairman, Trade Promotions Board of LCCI, disclosed this in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos. Black Friday is a […]
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Cameroon’s economic growth rate is expected to slip to 3.7 percent this year, down from an earlier estimate of around 4 percent, due to falling oil production, the International Monetary Fund said on Friday. The IMF approved a $666 million, three-year extended credit facility in June for Cameroon, which has been hit hard by the […]
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U.S. job growth accelerated in October after hurricane-related disruptions in the prior month, but a sharp retreat in annual wage gains and surge in the number of people dropping out of the work force cast a cloud over the labor market. Nonfarm payrolls increased by 261,000 jobs last month as 106,000 leisure and hospitality workers […]
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President Muhammadu Buhari will present the 2018 budget to the National Assembly on Nov 7, according to a letter he sent yesterday, seeking to avoid the delays that have plagued previous budgets, not passed until well into the years they targeted. The letter was read in the House of Representatives by speaker Yakubu Dogara. The […]
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The Standards Organisation of Nigeria (SON) has sealed a warehouse and shops stocked with unfortified pasta, flour and sugar in different areas in Lagos. It also raided major markets in the state as part of its ongoing efforts to stem the tide of substandard products in the country. SON’s Director-General, Osita Aboloma, said the warehouse […]
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Vice-President Yemi Osinbajo on Thursday described the continent of Africa as a land of immense opportunities, noting that Foreign Direct Investment inflow into the region was expected to hit $75.5bn by the end of this year. Osinbajo stated this in Abuja at the opening session of a two-day high level policy and private sector forum […]
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The Peoples Republic of China has disbursed over $30 billion in funding support to Nigeria and other African countries to drive its cooperation plans on industrialisation and agricultural modernisation. The Director, Centre for China Studies, Mr. Charles Onunaiju, said the fund was part of the $60bn pledged by China to African countries during the Forum […]
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As tongues wag over the avalanche of heavy offshore loans heaped on the country, the Minister of Finance, Mrs. Kemi Adeosun, yesterday said there was no cause for alarm as the Federal Government’s revenue and debt management strategy would mitigate its debt service risk to fast-track development. The Minister, who welcomed the advice of Nigeria’s […]
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Executive Director, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo, has hinted Nigeria lost more than $100 billion of national export revenues between 2015 to 2017 due to the crash in oil prices. Awolowo who spoke in Abuja on Wednesday at a roundtable and exhibition on export competency development programme, said, “the recent recession was due […]
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Nigeria Customs Service, (NCS) has impounded some bullet-proof vehicles from a park in Ikoyi, Lagos. According to the Customs, the operation was based on intelligence reports and ownership of the vehicles remains a mystery as nobody has come forward to claim them. Mohammed Garba, the Customs Area Controller, FOU, said similar vehicles were also seized […]
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Heads of state within the Economic Communities of West African States have called for more investment in air transport to boost regional growth, as Med-View Airline begins flight services to Abidjan, Cote d’ Ivoire; Conakry, Guinea; and Dakar, Senegal. Med-view commenced flight services into Francophone West Africa with its Boeing 737-500 as part of its […]
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