The Federal Government has been urged to explore low-cost options of funding its just-launched N75.03 trillion Economic Recovery & Growth Plan (ERGP), to avoid plunging next generation into debt. According to Professor Olu Ajakaiye, the Chairman of African Centre for Shared Development Capacity Building (ACSDCB), Ibadan, who gave the advice Tuesday in Lagos at the […]
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The federal government has given reasons it would officially launch the postal reform early next month (May) in the country. These reasons were disclosed by the Minister of Communications, Adebayo Shittu, on Monday during a three-day event organised by the Nigeria Postal Service (Nipost), held n Lagos. Tagged “Express Mail Service: Symposium on growth management […]
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The Nigeria Government says it has provided N500 billion to resuscitate the Federal Mortgage Bank of Nigeria (FMBN) to make mortgage facilities easily available to Nigerians. Alhaji Mustapha Baba-Shehuri, Minister of State for Power, Works and Housing, announced this in Lafia on Monday when he called on the Nasarawa State Deputy Governor, Mr Silas Agara. […]
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The Federal Inland Revenue Service (FIRS) realized N3.30 trillion tax revenue for the nation’s coffers. Executive Chairman of the FIRS Mr. Tunde Fowler made this closure in Abuja Monday at training for journalists on tax reporting. Fowler praised the efforts of the Service for raising over N3.3 trillion at a most trying period in the […]
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Chairman of the United Bank for Africa Plc, Mr. Tony Elumelu, has strongly commended the Federal Government and the Central Bank of Nigeria (CBN) for their efforts in stimulating the Nigerian economy, and bringing to bear a coordinated policy response that will positively jumpstart the Nigerian economy. According to Mr Elumelu, recent actions by the […]
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President, Dangote Group, Aliko Dangote, has said his belief in Nigeria economic potential remains unshaken just as President Muhammadu Buhari has felicitated with Africa’s richest man and philanthropist on his 60th birthday today (Monday). The business mogul told a group of businessmen in his office in Lagos that his passion for the workability of Nigeria’s […]
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Lagos Chamber of Commerce and Industry (LCCI) has cautioned that the tight monetary policy recommended for Nigeria by IMF was inconsistent with economic recovery programme of President Muhammadu Buhari. The Director-General of LCCI, Muda Yusuf, while reacting to the report of the IMF Article IV Consultation on the Nigerian economy said, “We do not share […]
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Last month, the Association of Nigerian Licensed Customs Agents (ANLCA) and the National Association of Government Approved Freight Forwarders (NAGAFF) jointly issued a 21-day ultimatum to the Federal Government to address corruption in the ports or risk ground the ports and borders from (April 10) by withdrawing their services, Sunnews report. The associations, in a […]
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President Muhammadu Buhari has queried the Ibrahim Magu led Economic and Financial Crimes Commission, EFCC over recoveries of looted funds from Nigerians and organisations. Also queried by President Buhari are the Central Bank of Nigeria, CBN, Independent Corrupt Practices and Other Related Offences Commission, ICPC; Ministry of Finance, Department of State Services, DSS, among others. […]
Read MoreEdo State Government has launched the pilot scheme of the Agripreneurship Programme in Sobe, Owan West Local Government area of Edo state as part of its efforts to create more than 200,000 jobs within the next four years. “We are doing a thousand hectres here, we expect that we are going to have among those […]
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One cannot talk of seafood, particularly stockfish without mentioning Norway. That is why people from various works of life, including international traders, Norwegian and Nigerian government officials, and other stakeholders in the Nigerian fishery industry converged at Eko Hotels, Lagos for the Norwegian seafood seminar on networking relations for Norwegian stockfish, pelagic and salmon in […]
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Due to the intra-regional trade and remittance ties between Nigeria and neighbouring countries, the economies of the Chad and Niger had been significantly affected by the economic downturn in Nigeria, the International Monetary Fund has said. The IMF, in its latest staff report for the 2017 Article IV consultation on Nigeria, stated that in Chad, […]
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