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  • Fashola, Ugwuanyi seek inclusive economic growth

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola, and Governor Ifeanyi Ugwuanyi of Enugu State have called for inclusive economic growth as the federal and state governments step up efforts to attract foreign investors into...

    • Posted April 16, 2016
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  • States’ IGR dropped by N25.1bn in 2015 – NBS

    The National Bureau of Statistics on Thursday released the Internally Generated Revenue figures for the 36 states of the federation for the 2015 fiscal period, with the total IGR dropping by N25.18bn from N707.85bn in 2014 to...

    • Posted April 16, 2016
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  • No will to save under Jonathan – Okonjo-Iweala

    The immediate past Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Thursday said lack of political will to save oil revenue under former President Goodluck Jonathan was responsible for the challenges facing the country presently. She said as...

    • Posted April 16, 2016
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  • Nigeria to lose N199bn to Forcados terminal closure

    Nigeria is set to lose as much as $1bn (about N199bn) from the force majeure on Forcados loadings that has been in place since February and which is set to continue until May. Force majeure is a...

    • Posted April 16, 2016
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  • New vessels expected as fuel scarcity lingers

    As motorists and other consumers continue to struggle at filling stations to get Premium Motor Spirit (petrol), marketers on Monday said they were expecting new vessels from the Nigerian National Petroleum Corporation. The marketers said it would...

    • Posted April 13, 2016
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  • Lagos to arraign 28 tax defaulters

    The Lagos State Government says it is set to prosecute no fewer than 28 alleged tax defaulters in the state. The Attorney General and Commissioner for Justice of Lagos State, Mr. Adeniji Kazeem, on Monday said the...

    • Posted April 13, 2016
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  • World Bank lowers growth projections for Nigeria, others

    The World Bank on Monday lowered its 2016 sub-Saharan African growth forecast to 3.3 per cent from a previous forecast of 4.4 per cent in October, citing plunging global commodity prices. The bank said the commodity price...

    • Posted April 13, 2016
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  • Ikeja Electric warns against cash payment to staff

    The Ikeja Electric has cautioned customers against making cash payments to its staff and unveiled new multiple payment channels to enable customers make convenient and seamless payments and purchase of tokens. The company’s Head of Corporate Communications,...

    • Posted April 13, 2016
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  • Agriculture can’t survive on high lending rates – Emefiele

    The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Monday maintained that the agricultural sector would not survive on high commercial interest rates from banks and called for recommendations on how to better...

    • Posted April 13, 2016
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  • Despite pressure to shelve strike, NLC insists on protest

    Despite the pressure mounted by the federal government to make the Nigerian Labour Congress (NLC) shelve its planned one-day nationwide strike, the NLC monday insisted that the strike would go ahead notwithstanding the plea by various interest...

    • Posted April 13, 2016
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  • Sokoto moves to boost rice, wheat farming

    Sokoto state government is to give priority to the production of rice, wheat and tomatoe to boost the economy of the state, the Chairman of the State Comittee for the Revitalisation of Agriculture, Alhaji Chiso Dattijo has...

    • Posted April 13, 2016
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  • Nigeria’s oil production rises marginally

    Nigeria produced a total of 66.49 million barrels (mb) of crude oil and condensate for the month of January 2016, representing an average daily production of 2.14 million barrels per day. This represents an increase of about...

    • Posted April 12, 2016
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  • How Calabar-Lagos rail project was left out of Budget

    More facts have emerged on how the funds proposed for the Calabar-Lagos railway project in the 2016 budget estimates were taken out of the Appropriation Bill by the National Assembly. THISDAY learnt that in the amended budget...

    • Posted April 12, 2016
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  • Cocoa farmers await government policy support

    One year on from the election of President Muhammadu Buhari, Nigeria is still awaiting the promised policies to boost the cocoa sector, whose growth is seen as vital to offset a slump in oil revenue that has...

    • Posted April 12, 2016
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