Nigeria’s non-oil export to the United States under the African Growth and Opportunity Act policy has continued to lag, recording $1.141m in 2016. According to the AGOA trade statistics, non-oil exports to the US under the policy fell by 23.5 per cent from $1.491m in 2015 to $1.141m in 2016. This is as the oil […]
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The Ministry of Finance, says it has so far received 2,351 tips from whistleblowers bordering on cases of embezzlement of government funds, looting of assets and contract inflation, among others. In a statement signed by Mr Festus Akanbi, the Special Adviser, Media to the Minister of Finance, Mrs Kemi Adeosun said the tips came via […]
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Nigeria’s stride to achieve self-sufficiency in phosphate supply received the needed boost recently as about 50,000 jobs have been created in the country through the signing of a Memorandum of Understanding (MoU) with Morocco. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, disclosed this yesterday, while receiving the National Coordinator […]
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Former Nigerian President, Chief Olusegun Obasanjo, has advocated more investments to unlock the full potential of the country’s tourism for enhance economic prosperity. Obasanjo stated this yesterday in Lagos while addressing the 41st session of the Annual General Meeting (AGM) of the National Association of Nigeria Travel Agencies (NANTA) as special guest of honour. Speaking […]
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Sports betting and lottery operators said on Monday that they were experiencing boost in their businesses as more people now patronise them. Some of the betting operators disclosed this in separate interviews with the Newsmen in Abuja. Newsmen report that sport betting is the activity of predicting sports’ results and placing a stake on the […]
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The Consumer Protection Council on Wednesday said it would intensify its fight against the violation of the rights of consumer in order to ensure that Nigerians get value for the money spent on products and services. The Director-General, CPC, Mrs. Dupe Atoki, stated this in Abuja at an event to mark the 2017 World Consumer […]
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The Minister of Budget and National Planning, Senator Udo Udoma, on Tuesday said the support of the National Assembly was vital to the successfully implementation of the Economic Recovery and Growth Plan. The ERGP, which was unveiled last week, is the government’s strategy that envisages that by 2020, Nigeria would have made significant progress towards […]
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National Bureau of Statistics (NBS) on Tuesday said that inflation dropped by 0.94 per cent in February, the first time in 15 months. In its latest Consumer Price Index (CPI) for February released in Abuja, the bureau stated that the index, which measured inflation increased by 17.78 per cent year-on-year. It, however, stated that the […]
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The Country Chief Executive Officer, Lafarge Africa, Mr. Michel Puchercos, says women currently represent the largest number of untapped talent in the manufacturing sector. Puchercos, who spoke in commemoration of this year’s International Women’s Day, said there was a need to promote women in the sector. He said, “We believe that women represent manufacturing’s largest […]
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The National Coordinator, Women in Surveying, a subset of the Nigerian Institution of Surveyors, Mrs. Funke Adekunle, has called on government at all levels to embark on a massive establishment of industries as this is one of the factors that can take the country out of the present economic recession. Adekunle stated that establishing industries […]
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The Nigerian Employers’ Consultative Association has asked the Federal Government to emulate reforms that have helped countries with similar economic indices as Nigeria such as Ghana, Indonesia, Russia, Norway and Saudi Arabia. According to correspondent, President of the association, Mr. Larry Ettah, said that the country’s rationing of scarce foreign exchange had produced FX market […]
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The Federal Government has said it will raise the contribution of agriculture to the nation’s Gross Domestic Product by N5tn before 2020. It stated that the country’s GDP from agriculture, which stood at N16tn in 2015, would be increased to N21tn in the next three years. It stated strategies being put in place to achieve […]
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