MINISTER of Finance, Mrs. Kemi Adeosun, says Nigeria is exploring local and domestic sources to fund the N1.8tn deficit in the 2016 budget currently undergoing approval at the National Assembly, Punchng report. She, however, maintained that Nigeria had yet to submit any formal application for loans with any of the multilateral institutions. The minister said […]
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NIGERIA spent N20.2 trillion to import petrol, diesel and kerosene between January 2010 and September 2015, the Nigerian Bureau of Statistics (NBS) has said. Figures jointly compiled by both the NBS and the Petroleum Products Pricing Regulatory Agency (PPPRA) released at the weekend indicate that N12, 529, 746, 397, 978. 48 was spent on the […]
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Nigeria’s crude export is expected to witness a rise in the month of March. This according to export schedules is because of the reopening of Shell’s Trans Niger Pipeline (TNP) and the lifting of the force majeure on Brass River crude by ENI. Nigeria will increase its exports by three cargoes which is scheduled for […]
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PRESIDENT Muhammadu Buhari leave Abuja today on a three-day state visit to Kenya. A statement issued by the President’s Special Adviser on Media and Publicity, Frmi Adesina, said Buhari on arrival in Kenya will join his host, President Uhuru Kenyatta and other dignitaries at a memorial service for Kenyan soldiers killed by More>>> PhotoCredit: The Nation
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The Republic of Korea has spent N2.4 billion ($4.5million) on capacity building for e-government in the country. The money, which is to be spent between 2013 and 2018, is expected to help develop the country’s e-government master plan, training centre and capacity development programme. The project is being implemented by the Korea International Cooperation Agency […]
Read More PRESIDENT Muhammadu Buhari yesterday identified poverty, injustice and the lack of job opportunities as factors responsible for inter-communal and intra-communal conflicts in the country. The President stated this while receiving a delegation from the Centre for Humanitarian Dialogue, an organization active in the promotion of peace in Nigeria at the presidential villa, Abuja. Speaking, President Buhari […]
Read More Mr Wang Ming, Deputy Director- General of Fujian Province of China’s Foreign Affairs, on Monday announced the growing interest of the province’s manufacturing companies in Nigeria’s natural products. Wang told the News Agency of Nigeria (NAN) in Lagos that major manufacturing companies in the province were interested in honey and other natural products from Nigeria […]
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The Managing Director of the International Monetary Fund, Christine Lagarde, said yesterday that Nigeria was under severe economic stress. Lagarde, who was on a four-day visit to Nigeria last week, stated this at a farewell symposium for the Governor of the Central Bank of France, Christian Noyer, in Paris. According to the IMF boss, Nigeria and […]
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The green light on Pushpa Kaushik’s modem hasn’t come on for the past three months. When she first got internet access in her home a year ago, all the people of Lalpur, a small village in Uttar Pradesh, northern India, used to come to her house to use her computer. Some needed to check their […]
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Super Eagles head coach, Sunday Oliseh has praised his players for their performance in Wednesday’s friendly against Angola, but admitted his charges are not ready to win the competition, Completesportsnigeria reports. The Eagles were held to a 1-1 draw by the Palancas Negras in the encounter. Warri Wolves midfielder opened scoring for Nigeria six minutes […]
Read More Nigeria needs more flexibility in setting monetary policy so it can use its foreign currency reserves to support the poor population if low oil prices persist, said International Monetary Fund Managing Director Christine Lagarde. “With a very clear ambition to support the poor people of Nigeria, there could be added flexibility in the monetary policy, […]
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The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, said the Nigerian Maritime Administration and Safety Agency had not been remitting the revenues generated to the government’s coffers. The immediate past Director-General of NIMASA, Patrick Akpobolkemi, is currently facing 40 counts of fraud and money laundering to the tune of N34.5bn. Adeosun specifically stated that […]
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