Business and Economy

Arms scandal: EFCC may soon invite ex-President Jonathan; No one, however highly placed will be spared – Magu, EFCC Chairman

Former President Goodluck Jonathan may be invited soon by the Economic and Financial Crimes Commission, EFCC, in connection with investigations…

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NDDC backs Presidential Amnesty Programme

The Niger Delta Development Commission, NDDC, has thrown its weight behind the efforts to re-integrate beneficiaries of the Presidential Amnesty…

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We will reposition NDDC for better service delivery – Semenitari

The Acting Managing Director and Chief Executive Officer of the Niger Delta Development Commission, NDDC, Mrs. Ibim Semenitari, has pledged…

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Demolition: Oshodi traders were adequately notified – Lagos government …Says new ultra-modern market given for N5, 000 monthly …Denies destroying any goods … Criminals harbored in the market loop – Commissioner

The Lagos State Government on Thursday defended the relocation of traders plying their trade in Owonifari Market within the notorious…

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Saraki to IMF: Support Nigeria’s policies, spread our message of change to the world

Senate President, Dr. Abubakar Bukola Saraki Wednesday urged the International Monetary Fund (IMF) to support Nigeria’s economic policies and help…

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LASG commences transformation of Oshodi market, bus-stops …Shuts Owonifari Market loop

The Lagos State Government has shut the Owonifari market within the notorious loop of Oshodi and relocated affected traders and…

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Ambode signs N25bn Employment Trust Fund, LASU Bills to law …Earmarks N6.25bn annually to combat unemployment

In fulfillment of his electoral promise, Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday signed the N25bn Employment Trust Fund…

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2016 budget, our article of faith with Lagosians – Ambode …Signs N662.588bn Appropriation Bill into law …Lagos will not introduce new taxes – Commissioner

Lagos State Governor, Mr. Akinwunmi Ambode on Monday signed the N662.588bn Year 2016 Appropriation Law with a promise that the…

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NNPC paid N933.1b, $607.8 in 11 months into Federation Account — Report

The Nigerian National Petroleum Corporation (NNPC) paid N933.1bn for domestic crude oil and gas and other receipts to the Federation…

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‘New’ petrol prices: ‘Too little to Cheer,’ says PDP …Asks FG to explain its claims of subsidy removal

The Peoples Democratic Party (PDP) has described the ‘new’ pump prices of petrol as announced Tuesday by the Federal Government…

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Bonga North West project wins global industry awards

The Bonga North West deep-water development has won prestigious awards in the United States and Qatar. It was named Engineering…

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Invasion of tarmac by Turkish Airlines passengers: Aviation Minister suspends Airport Manager, Head of Security

The Minister of State for Aviation, Senator Hadi Sirika, has ordered the suspension of three officials of Nnamdi Azikwe International…

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NLNG has not declared force majeure on its export

Nigeria Agip Oil Company (NAOC), the Nigerian subsidiary of ENI, on December 16, 2015 declared a Force Majeure (FM) on…

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NNPC/MPN graduates 300 under GAP programme, 74 others bag scholarship grants

DENNIS UDOMA, Uyo Mobil Producing Nigeria, operator of Nigerian National Petroleum Corporation (NNPC)/MPN Joint Venture has graduated 300 beneficiaries of…

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‘The status quo cannot continue. The rent seeking will stop’ – Buhari assures as he presents Budget 2016

FULL TEXT OF ADDRESS DURING PRESIDENT BUHARI’S 2016 BUDGET PRESENTATION PROTOCOLS I am honoured and privileged to present the 2016…

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Ibim Semenitari, former Rivers Commissioner for Information named Managing Director of NDDC

Former Commissioner for Information in the government of Chief Rotimi Amaechi, Mrs. Ibim Semenitari, has been named the acting Managing…

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Economic Prophecy on Problems and Solutions of the Current Crisis

Book Title: Stable Growth and Foreign Exchange Author: Abraham E. Nwankwo Reviewer: Simon Ibe Publisher: Evans Brothers (Nigeria Publishers) Limited…

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GTBank enables receipt of Western Union funds via ATMs with innovative payment solution

Foremost African financial institution, Guaranty Trust Bank plc has reaffirmed its position as a leading provider of e-payment solutions with…

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(Photonews) CBN Gov. Emefiele with Chief Audu Ogbeh and Dr Kayode Fayemi at Bankers’ Committee retreat

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Poor economic situation, Naira depreciation consequences of past mismanagement, massive looting – FG

The Federal Government has said the poor state of the country’s economy, especially the depreciation in the Naira exchange rate,…

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#makethefuture programme: Shell, Akon unveil Africa’s first human, solar-powered football pitch in Lagos

Oil and Gas giants, Shell has been joined by global music star Akon to shine a light on the power…

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Kaduna pays civil servants N715m leave grants; judiciary gets N542m allowances

Kaduna State civil servants have began receiving their 2015 leave grants. This was confirmed by the Commissioner of Finance, Suleiman…

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