All posts tagged "featured"

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  Nigeria risks housing crisis in four years – Buhari

  President Muhammadu Buhari on Wednesday declared that the country might face a housing crisis in the next four years, but stressed that his government had earmarked N40bn to provide affordable homes for Nigerians in the 2016 budget...

  • Posted June 3, 2016
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  FG may raise tax revenue to 18% in next fiscal year

  The federal government plans to increase Nigeria’s tax revenue from the current value of seven per cent to 18 per cent by the next fiscal year, Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo...

  • Posted June 2, 2016
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  Nigeria remains Africa’s top investment destination – Elumelu

  The Chairman of Heirs Holdings, Mr. Tony Elumelu has urged members of the French business community to always see Nigeria as their first choice investment destination in Africa. Elumelu, who is the Chairman of the United Bank...

  • Posted June 2, 2016
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  Senate slams Fashola over poor power supply

  The Joint Senate Committee on Power, Employment, Labour and Productivity Tuesday lamented the deplorable state of power supply in the country and told the Minister of Power, Works and Housing, Mr. Babatunde Fashola, to live up to his...

  • Posted June 2, 2016
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  Buhari to CBN: No objection to flexible exchange rate

  Faced with an economy nearing recession and inflation at the highest in almost six years, President Muhammadu Buhari has backed down on his refusal to allow the naira to weaken. The President, according to Bloomberg, has given...

  • Posted June 2, 2016
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  Power: NERC bans mass disconnection of consumers

  The Nigerian Electricity Regulatory Commission on Tuesday announced an outright ban on the mass disconnection of electricity consumers by power distribution companies across the country. In May, the power distribution companies commenced what they described as the...

  • Posted June 2, 2016
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  Nigeria’s Barkindo may become OPEC secretary-general

  The Organisation of Petroleum Exporting Countries is likely to choose a former Group Managing Director of the Nigerian National Petroleum Corporation, Mohammed Barkindo, as its next secretary-general. Three sources with knowledge of the matter were quoted by...

  • Posted June 2, 2016
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  Stocks: Investors lose N426bn in one session

  Equity investors in the country’s capital market lost over N426bn in just one session of trading after activities resumed on the floor of the Nigerian Stock Exchange on Tuesday. The NSE market capitalisation declined to N9.5tn from...

  • Posted June 2, 2016
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  Stock market lost N1.732tn in one year under Buhari

  The Nigerian stock market crashed by N1.732tn within one year of the Muhammadu Buhari-led Federal Government. The Nigerian Stock Exchange data showed that the NSE market capitalisation on May 28, 2015 was N11.658tn, while that of May...

  • Posted June 1, 2016
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  Nigeria risks losing oil buyers to Iran, Saudi Arabia

  Nigeria, which recently lost its Africa’s top oil producer status to Angola on the back of huge decline in its output, stands a chance of losing some of its traditional buyers to rival producers such as Iran...

  • Posted June 1, 2016
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