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Briton wins 2015 Nobel Prize for Economics

British-born economist Angus Deaton won the 2015 economics Nobel Prize for “his analysis of consumption, poverty and welfare”, the Royal Swedish Academy of Sciences said on Monday. The academy said that Deaton’s work had been a major influence on policy making, helping for example to determine which social groups are …

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Speaker: IDPs in North East hit 5 million; N/Assembly to ratify UN convention on IDPs; House may create standing committee on IDPs

The Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, has said that the number of Nigerians displaced by violence in the North East geo-political zone has reached 5 million. The Speaker said contrary to official figures of Internally Displaced Persons (IDPs) of 2.1 million, the actual number of …

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(OPINION) Minimum conditionalities for development of greenfield refineries in Nigeria by Prof Chijioke Nwaozuzu

  Currently, Nigeria’s value proposition for investors in refining is import parity pricing, 60 per cent crude oil availability, ample regional demand, a deficit local product market especially for petrol and diesel. However, foreign investors are unlikely to invest in refineries in Nigeria, if the government charges international spot prices …

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Kachikwu tees-off new era of transparency in NNPC …Commences monthly publication of financial and operational report

In line with its earlier pledge to open up the books of the Nigerian National Petroleum Corporation, NNPC for public scrutiny, the Management of the national oil Corporation under the leadership of Dr. Ibe Kachikwu over the weekend commenced the monthly publication of its provisional financial and operational reports. A …

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Economy: New state governors are unlucky, but there is hope – Yari, NGF chairman

  First term governors who assumed office in their respective states across the country are particularly unlucky in view of the present harsh economic realities starring the nation in the face, chairman of the Nigerian Governors’ Forum (NGF), Alhaji Abdulaziz Abubakar Yari, declared in Enugu, at the weekend. Governor Yari …

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Lagos govt explains heavy presence of military in Ikorodu; reiterates restriction on okada, keke operations

Lagos State Government, Saturday, explained the heavy presence of security operatives in Ikorodu and its environs, saying the onslaught is part of efforts to liberate residents from hoodlums, pipeline vandals and other undesirable elements that have continued to make the ancient town the base of their nefarious activities. Briefing journalists …

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