Latest News

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  PTAD recovers N16bn pension funds from insurance firms

  The Pension Transitional Arrangement Directorate (PTAD) has recovered N16 billion legacy pension funds from different insurance companies. Speaking at the weekend during a stakeholders’ forum to mark her one year in office, Executive Secretary of PTAD, Barrister...

  • Posted October 9, 2017
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  Despite challenges, Nigeria very attractive to investors – NIPC ES

  Yewande Sadiku holds a BSc in Industrial Chemistry from the University of Benin and MBA from University of Warwick, United Kingdom. She was recently appointed by President Muhammadu Buhari to head the Nigeria Investment Promotion Commission (NIPC)....

  • Posted October 9, 2017
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  FG injects N100bn sukuk proceeds into 25 road projects

  The federal government on Thursday presented a ceremonial cheque of N100 billion raised through sukuk bond to contractors of the federal ministry of power,  works and housing to complete 25 economic road projects across the country. Presenting...

  • Posted October 6, 2017
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  Customs seizes 3,665 vehicles worth N13.164bn Duty since 2015 – Ali

  The Comptroller General of Customs (CGC), Col. Hameed Ali (Rtd) on Thursday  said 3,665 vehicles have been seized between 2015 and 2017 with Duty Paid Value (DPV) of N13.164 billion. Col. Ali said this when he delivered...

  • Posted October 6, 2017
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  Buhari appoints new CBN Deputy Governor, others

  President Muhammadu Buhari has presented Mrs Aishah Ahmad to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). According to a statement Thursday by the presidential spokesman, Mr Femi, Mrs Ahmad is...

  • Posted October 6, 2017
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  China, Nigeria trade value hits N2.3trn

  The Chinese consulate in Nigeria has disclosed that trade value between the country and Nigeria has hit N2.3 trillion ($6.5 billion) in the first five months of 2017, an increase of 33 per cent, over the same...

  • Posted September 29, 2017
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  Equity market rebounds with N52bn profit

  Trading on equity on the floor of the Nigerian Stock Exchange (NSE) closed yesterday on a positive note after two days of bearish trade, as the market capitalization added N52 billion to close at N12,100 trillion. The...

  • Posted September 28, 2017
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  Kaduna signs MoU for $2.4bn bio-fuel factory

  A firm, Bionas, has signed a memorandum of understanding (MoU) with the Kaduna State Government for the construction of a biofuel factory estimated at $2.4 billion. Group Chief Executive Officer of the firm Mrs. Zurina Amnan said...

  • Posted September 28, 2017
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  NCC reinstates commitment to strengthen telecom industry

  The Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta has reinstated the commission’s commitment to strengthen the telecommunications industry in Nigeria. Danbatta, who spoke at the 81st edition of the Telecoms Consumer Parliament (TCP)...

  • Posted September 26, 2017
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  Africa will become world’s food basket soon – Dangote

  Business mogul Aliko Dangote has said Africa will soon become the food basket of the world. In a packed room at the headquarters of global law firm Shearman and Sterling LLC high level business leaders and international...

  • Posted September 26, 2017
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  MPC member raises concern over FG’s overbearing on CBN

  A member of Monetary Policy Committee (MPC), Dr Adedoyin Salami, has raised concern over the Central Bank of Nigeria (CBN)’s rise in financing of the government, thereby, limiting private sector access to credit. Salami, in a communiqué...

  • Posted September 26, 2017
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  Fears over amendment of Pension Reform Act

  Presently, there are some bills before the National Assembly, aiming to amend some sections of the Pension Reform Act 2014. One of the bills which seek to exclude members of the Nigeria Police Force, the Nigeria Security...

  • Posted September 25, 2017
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  Inflation pushes local airfares up by 57%

  The high rate of inflation in the country is taking its toll on the aviation sector with the number of passengers declining by 456,135 between January and June this year. An analysis of a new report on...

  • Posted September 25, 2017
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  Cashew exports soar amidst 85% increase in prices

  Gains on global cashew prices have jumped by 85 per cent in the past two years and Nigeria is gradually tapping into the windfall. Prices have increased from $750 per metric tonne in 2015 to $1,800/MT in...

  • Posted September 25, 2017
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