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  • FG defers N10.9bn loan repayment by States, rules out another bailout

    The Finance Minister, Mrs. Kemi Adeosun has said that the federal government would not make deductions from states’ Federation Account allocations for the month of March on their restructured loans so as to allow them pay their...

    • Posted April 23, 2016
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  • Economic crunch: Airlines adopt new strategies to sustain operation

    Foreign airlines and Nigerian carriers operating international destinations are adopting various strategies that will help them remain in business as the number of people that travel out of the country has scaled down owing to the economic...

    • Posted April 23, 2016
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  • Shell defies order to halt production at facility

    Royal Dutch Shell has failed to halt production at the Gbaran Ubie oil and gas facility in Bayelsa State, contravening a court order for the site to be sealed and raising the prospect of legal action, government...

    • Posted April 22, 2016
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  • Economy: Governors’ meeting ends in deadlock

    A meeting of the Nigeria Governors’ Forum held on Wednesday to discuss the state of the nation’s economy ended in a deadlock. The meeting which was held inside the old Banquet Hall of the Presidential Villa, Abuja,...

    • Posted April 22, 2016
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  • Dangote Sugar Refinery shareholders approve N6bn dividend

    Shareholders of Dangote Refinery Plc on Wednesday approved the N6 billion dividend proposed by the board for the year ended December 31, 2015. The dividend, which translated to 50 kobo per share, was approved at the 10th...

    • Posted April 22, 2016
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  • NDIC puts total bank depositors’ funds at N17.3tn in 2015

    The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has disclosed that the total deposit liabilities of all the deposit money banks (DMBs) in the country amounted to N17.3 trillion as at December 2015....

    • Posted April 22, 2016
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  • FG committee okays MMA2 for regional operations

    The Ministerial Committee on Airport Security has certified the Murtala Muhammed Airport 2, Lagos, operated by Bi-Courtney Aviation Services Limited, fit for the commencement of regional operations. Following a visit to the facility, the committee, set up...

    • Posted April 21, 2016
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  • Nationwide blackout looms as TCN locks out workers

    The Transmission Company of Nigeria on Wednesday locked out workers from its headquarters in Abuja over a disagreement with the management and the Federal Ministry of Power, spiking fears that the nation may be plunged into a...

    • Posted April 21, 2016
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  • FG recorded N289bn fiscal deficit in Q4 – CBN

    The Federal Government recorded a fiscal deficit of N289.1bn in its operations in the fourth quarter of 2015, figures obtained from the Central Bank of Nigeria revealed. The figures, contained in the economic report of the apex...

    • Posted April 21, 2016
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  • Nigeria, France to sign agreement on N11.15bn power training facility

    Nigeria and the government of France will in May sign a €50 million (N11.15 billion) loan for the development and upgrade of power training facilities in the country, the Director-General of the National Power Training Institute of Nigeria...

    • Posted April 21, 2016
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  • FG urged to develop infrastructure bonds for pension funds investment

    The federal government has been urged to develop attractive infrastructure bonds that will guarantee the safety of pension funds  which investment experts and government have been eyeing for   infrastructural development. The Pension Fund Administrators (PFAs) said at present in the country,...

    • Posted April 21, 2016
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  • Nigeria, others urged to tackle non-inclusive growth

    A former Deputy Governor of the Central Bank of Nigeria (CBN), Professor Kingsley Chiedu Moghalu has warned that if Nigeria and other developing countries fail to achieve inclusive economic growth, they would have missed the path to...

    • Posted April 21, 2016
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  • Foreign airlines accused of using Forex scarcity to rip off Nigerians, FG

    Foreign airlines operating in Nigeria have been accused of devising a means of ripping off Nigerians and the federal government by taking advantage of the shortage of dollars in the foreign exchange market, and the gap between...

    • Posted April 21, 2016
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  • FGN Bonds attract high patronage as investors return to Market

    After the initial apathy that trailed the Nigerian bond market following the decision by JP Morgan to remove Nigeria from its Emerging Market Government Bond Index (GBI-EM) last year, the market has since the beginning of the...

    • Posted April 21, 2016
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