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All posts by BusinessNews Staff

  • 2017_3_Governor_Abubakar
    Governor Abubakar visits oil prospecting site, commends FG’s commitment

    Governor Mohammed Abdullahi Abubakar has commended federal government’s effort through the Nigerian National Petroleum Corporation (NNPC) in prospecting for oil in Benue Trough of the Gongola basin. He stated this on Thursday when he visited the site...

    • Posted March 10, 2017
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  • etisalat-logo-300x336
    Debt: CBN, NCC to meet with Etisalat, banks Friday

    The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) will Friday hold a fresh meeting with Etisalat Nigeria and a consortium of banks over the failure of the telecom company to pay back N541.8billion...

    • Posted March 10, 2017
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  • CBN
    FG looks to 2020, targets 7% growth under economic recovery plan

    The much-awaited Economic Recovery and Growth Plan (ERGP) of the federal government, which targets a gross domestic product (GDP) growth rate of 7 per cent by 2020, was finally released on Tuesday, paving the way for government...

    • Posted March 9, 2017
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  • etisalat
    Debt: NCC moves to rescue Etisalat

    The Nigerian Communications Commission (NCC) has said it is discussing with the Central Bank of Nigeria (CBN) and some commercial banks in the country over the unpaid loans issue they have with Etisalat Nigeria. A top NCC...

    • Posted March 9, 2017
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  • Cars-on-display
    Senate rejects Customs’ plan to impound vehicles

    The Senate yesterday rejected plans by the Nigeria Customs Service (NCS) to impound vehicles whose customs duties have not been paid. Adopting a motion by Deputy Senate Leader, Bala Na’Allah (APC, Kebbi) the Senate directed the NCS...

    • Posted March 9, 2017
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  • CBN
    Fresh $100m brings CBN forex interventions to $1.138bn in two weeks

    The Central Bank of Nigeria (CBN) on Tuesday, credited commercial banks with $100 million for school fees, personal travel allowances (PTA) and medical bills abroad. This fresh injection by the apex bank brings the amount so far...

    • Posted March 8, 2017
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  • Osinbajo_224556343
    FG releases much-awaited economic recovery plan, wants oil at 2.5mbpd by 2020

    The federal government has finally released its economic recovery and growth plan (ERGP), which has been in the works since 2016. The document seen by TheCable is a medium term plan aimed at revamping the economy between...

    • Posted March 8, 2017
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  • FIRS
    FIRS nets N27bn from ‘tax amnesty’, registers 814,000 new taxpayers

    Tunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), says the agency realised N27.086 billion from the waiver of tax penalty and interest programme. The programme was introduced to allow defaulters regularise their relationship with...

    • Posted March 8, 2017
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  • National-Bureau-of-Statistics-office-NBS
    Nigeria recorded N290bn trade deficit in 2016 – NBS

    Nigeria recorded a trade balance of -N290.13 billion out of the total trade value of N17.34 trillion recorded in 2016. The Foreign Trade Statistics for the last quarter of last year released at the weekend by the...

    • Posted March 7, 2017
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  • nigeria-lng-limited
    NLNG pays FG lowest dividend in 10 years

    Dividend payments to the federal government for its 49 per cent stake in the Nigeria Liquefied Natural Gas (NLNG) has dropped to its lowest since 2007, Daily Trust reports. The NLNG which is owned by four shareholders:...

    • Posted March 7, 2017
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