All posts tagged "featured"

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  Osinbajo decries dependence on oil revenue

  Vice President Yemi Osinbajo has described the over-dependence on oil resources as the cause of the high level of corruption, dwindling economy and redundant human resources base in the country. Osinbajo also observed that the over-reliance on...

  • Posted December 2, 2015
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  National Assembly increases fuel subsidy to N521bn

  The Senate monday compelled the federal government to increase the N413 billion fuel subsidy bill it submitted under the supplementary budget to the National Assembly last week to N521 billion. The new figure includes N108 billion meant...

  • Posted December 2, 2015
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  FG to establish Efficiency Unit to reduce cost of governance

  In line with the current administration’s resolve to institute reform policies that will ensure effective management of the nation’s economy and reduce cost of governance, President Muhammadu Buhari has approved the establishment of an Efficiency Unit  (E-UNIT)...

  • Posted December 1, 2015
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  Banks urged to brace up for IFRS Nine

  Commercial banks in Nigeria have been advised to put in place the necessary structure that would enable them adopt the International Financial Reporting Standards (IFRS) nine. Director, Banking Supervision, Central Bank of Nigeria (CBN), Mrs. Tokunbo Martins,...

  • Posted December 1, 2015
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  ICT to generate 20% of Nigeria’s GDP by 2020 – NITDA

  The National Information Technology Development Agency (NITDA) has said given the rate of Information Communication Technology (ICT) development in NIgeria, by the year 2020, ICT will contribute 20per cent‎ to the nation’s Gross Domestic Product (GDP). Its...

  • Posted December 1, 2015
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  Banks lend N21.4tn to customers in six months

  The net domestic credit of the banking system to the economy grew by 11.1 per cent to N21.4tn at the end of the first half of this year, according to statistics obtained from the Central Bank of...

  • Posted December 1, 2015
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  Petrol won’t sell above N100 without subsidy – Experts

  Experts in the oil and gas sector have called on President Muhammadu Buhari to stop subsidising petrol as they explain that the price of the commodity will not go beyond N100 per litre if the Federal Government...

  • Posted December 1, 2015
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  Buhari tasks Universities on entrepreneurial training

  In order to further check the recent economic downturn and unemployment in the country, President Muhammadu Buhari Saturday called on Universities and other institutions of higher learning to re-focus their orientation towards an entrepreneurial-driven curriculum. This, according...

  • Posted November 30, 2015
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  Ambode to attend Global African Investment, Climate Change Summit

  In furtherance of his administration’s effort to boost foreign direct investment, Lagos State Governor, Mr. Akinwunmi Ambode will join other participants for this year’s edition of the Global African Investment Summit taking place in London next week....

  • Posted November 30, 2015
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  Lagos produces 2,063MT of rice in six years

  Lagos State has produced about 2,063 metric tonnes of rice in the last six years (2009 – 2015) under the Commercial Agriculture Development Project, a report by the CADP has indicated. The State Project Coordinator, Mr. Kehinde...

  • Posted November 30, 2015
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