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Business and Economy

FG, BOI launch N5bn funding support for Artisanal and Small Scale Miners …Ministry, BOI commit N2.5b each to fund …..beneficiaries to get between N100,000 to N100m

The  Ministry of Mines and steel Development has signed a Memorandum of Understanding  (MoU) with the Bank of Industry (BOI) for the management of a N5 billion fund in support  of Artisanal and Small Scale Miners in the country. Under the arrangement, the Ministry would contribute N2.5billion which would be …

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Nigeria is ready for investments in Creative Industry – Minister

The Minister of Information and Culture, Alhaji Lai Mohammed, says Nigeria is ready to receive investors in the Creative Industry, having created the enabling environment for investments through favourable economic policies. The Minister stated this in Abuja on Friday when he received a delegation from Huaxia Movie Distribution Group, the second biggest movie distributors in …

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Dangote signs $450million jumbo sugar production Memorandum of Understanding (MoU) with Niger State

     In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote Group (www.Dangote.com) today in Minna, Niger State signed a Memorandum of Understanding (MoU) with the State Government for the establishment of a jumbo $450million state-of–art and fully integrated …

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Rivers is good for business – Ovia, Duke declare • As Wike showcases investment opportunities

Serial Entrepreneur and Business mogul, Chief Jim Ovia, Founder, Zenith Bank PLC, and Visafone Communications Limited has declared that Rivers State is richly endowed and good for business, based on his personal experience with doing business in the State. The declaration was made during the Showcase Session on Investment Opportunities …

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NISA commends NIMASA NCCS Initiative …As Dakuku extols the role of ship owners to the maritime sector

The recent moves by the Nigerian Maritime Administration and Safety Agency (NIMASA) to ensure full implementation of the Cabotage Act, 2003 through the New Cabotage Compliance Strategy (NCCS) has continued to receive commendation from Stakeholders. This is coming on the heels of the visit to the Agency by the Nigerian …

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Airtel Nigeria’s CEO, Ogunsanya, to lead discourse on African Business at NBA Conference …. As Airtel Nigeria partners Nigerian Lawyers to host 2017 NBA Conference

The Chief Executive Officer and Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya, has been listed among important thought leaders in the corporate and government circles that will speak at this year’s edition of the prestigious Nigerian Bar Association (NBA) Conference. Ogunsanya, who was recently named African CEO of the …

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Sokoto allocates land for commercial cultivation of gum arabic, shea trees

Danjuma James, Sokoto Sokoto state government said it has allocated lands for commercial cultivation of some important economic trees including Gum Arabic, Moringa, Dates and Shea trees. Governor Aminu Waziri Tambuwal stated this Thursday when he flagged off the state’s annual tree planting campaign in Bodinga LGA. “Studies have shown …

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Put insurance industry on driver’s seat for genuine sustainable growth through diversification – Mutual Benefits Assurance PLC Boss, Dr. Ogunbiyi

  A Speech Delivered by Dr. Akin Ogunbiyi, Chairman, Mutual Benefits Assurance Plc and Special Guest of Honour at the 1st Annual Conference of the Guild of Online Publishers (GOCOP) at Renaissance Lagos Ikeja Hotel,Isaac John Street, GRA, Ikeja on Thursday 10thAugust, 2017    Let me start by saluting fellow …

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CBN injects $364 m into Inter-Bank Forex Market …Retail SMIs get $264.1m; …Wholesale window receives $100m offer; …Eases payment for Port charges to NPA, NIMASA

The Central Bank of Nigeria (CBN) on Tuesday, August 15, 2017, intervened in the Inter-Bank Foreign Exchange Market to the tune of $364million in a bid to sustain liquidity in the market. A breakdown of Tuesday’s forex intervention indicates that the Retail Secondary Market Intervention Sales (SMIS) received the largest …

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Heritage Bank, RIMAN, FDC enjoin firms to embrace modern risk mgt. practices

Heritage Bank Plc, Risk Managers Association of Nigeria (RIMAN) and Financial Derivatives Company Limited have called on corporate organizations to adopt systemic and cultural changes to embed risk management into their organisations in a bid to manage uncertainties that may arise at any given time. At the 17th Annual Conference organized …

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Ilegal mining: 16 Chinese, eight Nigerians arrested in Zurak, Plateau State … Illegal mining kingpin, Usman Abubakar (aka Dan China) declared wanted by NSA

Sixteen Chinese nationals and eight Nigerians involved in massive illegal mining were on Monday arrested in Zurak, Wase Local Government, Plateau State on the orders of the National Security Adviser (NSA), Brig-Gen Babagana Monguno (rtd), when the NSA in company with the Minister of Mines and Steel Development, Dr Kayode …

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Busted: Gombe Agric Commissioner, Agric Bank Manager fingered for allegedly defrauding farmers

Gombe state Commissioner for Agriculture, Alhaji Dahiru Buba Biri and the Gombe branch Manager of the Bank of Agriculture (BOA), Adamu Idris, have been fingered in an alleged scam of defrauding farmers. According to the All Lower Farmers Association of Nigeria (ALFAN), who addressed a press conference, the Anchor Borrowers …

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FEC approves refinancing of domestic debts through external borrowing

  The Federal Executive Council, FEC, has approved the refinancing of part of the country’s domestic debts through external borrowing. Minister of Finance, Mrs. Kemi Adeosun, who disclosed this after the Federal Executive Council (FEC) meeting, allayed fears of increased borrowing, insisting that instead of borrowing Naira, “we are now …

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OMMATA warns Enugu govt official against imposition of unpopular leadership on Ogbete market

From; Madu Ezenoha, Enugu The President of Ogbete Main Market Traders Association (OMMATA), Hon. Temple Ude has warned officials of Enugu state government against imposition of unpopular leadership on the Association. Ude, accompanied by other executive members told journalists during a press conference in Enugu that a particular member of …

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Aggressive savings, economic diversification key to nation’s economic challenges — Obi

A former Governor of Anambra State, Mr. Peter Obi, said in Lagos on Thursday that aggressive savings, diversification of the economy towards manufacturing, export of value added and knowledge-based products were key to addressing Nigeria’s economic quagmire. Obi made the remarks in a paper titled: “Sustaining Growth through Diversification of …

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Ugwuanyi urges Nsukka Chamber of Commerce, agro-exporter for action on Nsukka pepper production

  Governor Ifeanyi Ugwuanyi of Enugu State has charged an agro exporting firm, ABX World, currently partnering with the Nsukka Chamber of Commerce and the Faculty of Agriculture of the University of Nigeria, Nsukka to power the commercial production of the Nsukka yellow pepper for all-year round  export to prosecute …

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