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FG, Nigeria Sovereign Investment Authority partner to grow investment opportunities

Federal Government has signed a Memorandum of Understanding (MoU) with the Nigerian Sovereign Investment Authority to explore the investment opportunities especially in commercialized agriculture to boost food production in the country. The Minister of Water Resources, Engr. Suleiman H. Adamu, FNSE, at the signing ceremony between Federal Government and NSIA …

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Brexit: Buhari regrets British PM Cameron’s resignation; commends his ‘courage, respect for will of the people’

Reacting to the Friday morning results of a referendum in the United Kingdom which saw a 52% to 48% vote against the country’ s continued stay in the European Union (EU), President Muhammadu Buhari, Friday, expressed regrets over the subsequent resignation of the Prime Minister Cameron. It would be recalled …

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NASS passes NDDC 2016 budget

The National Assembly on Thursday passed the Niger Delta Development Commission (NDDC) 2016 budget. In the Senate, the budget was following the adoption of the report of the Senate Committee on Niger Delta presented by its chairman, Senator Peter Nwaoboshi. In passing the budget, the Senate reduced the initial budget …

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Nigerian bags Special Prize for Social impact; as Innovation Prize for Africa 2016 unveils winners

In a glittering ceremony that marked the five-year milestone anniversary of the Innovation Prize for Africa the landmark programme of the African Innovation Foundation (AIF) innovative healthcare solutions took pole position this year, offering ground-breaking responses to address Africa’s prevailing malaria and HIV/AIDS burdens. Out of a total of 985 …

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Fitch Ratings downgrades Nigeria

Fitch Ratings has downgraded Nigeria’s Long-term foreign currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and Long-term local currency IDR to ‘BB-‘ from ‘BB’. The issue ratings on Nigeria’s senior unsecured foreign-currency bonds have also been downgraded to ‘B+’ from ‘BB-‘. The Country Ceiling has been revised down to …

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Political parties demand resignation of NSA, EFCC acting chairman within 7 days over committee member’s arrest

Political parties in the country under the aegis of the Conference of Nigeria Political Parties (CNPP) have demanded the resignation of the National Security Adviser (NSA), Maj. Gen. Mohammed Babagana Monguno (rtd), and that of the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu within …

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AMCON seals off Silverbird Group’s assets in P/H, Lagos, Abuja over N11bn debt; We will bounce back – Murray-Bruce reacts

The Asset Management Corporation of Nigeria (AMCON), Thursday morning, sealed off the Port Harcourt, in Rivers state, Abuja and Lagos premises of the Silverbird Group belonging to the senator representing Bayelsa East Senatorial District at the senate, Ben Murray-Bruce. The companies affected by the takeover include; the Silverbird Galleria Limited, …

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