Economy
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Finance Minister, Wale Edun, gets World Bank appointment
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank. This disclosure is contained in a statement issued by the Federal Ministry of Finance and can be seen on its official X (formerly Twitter) account. The ministry in the statement said that…
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Tinubu appoints new board, management for FERMA
President Bola Tinubu has approved the appointment of the Governing Board and Management team of the Federal Roads Maintenance Agency (FERMA) for a renewable term of four (4) years, in accordance with Section 2(3) of the FERMA Amendment Act, 2007: This was contained in a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale. The…
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Solid minerals minister seeks synergy with interior ministry on security, illegal mining
The Minister of Solid Minerals Development, Dr. Dele Alake has stated that synergy with the Interior Ministry is crucial to the development of solid minerals in line with the Renewed Hope agenda of the President Bola Tinubu administration. Speaking while welcoming the Minister of Interior, Hon. Olubunmi Ojo to his office, Alake lauded his counterpart on his giant strides in…
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Tinubu appoints new heads for CAC, ITF, SMEDAN, others
President Bola Tinubu has named new heads of key organisations and parastatals within the Federal Ministry of Industry, Trade, and Investment. According to Ajuri Ngelale, the President’s spokesperson, the appointment was made in accordance with Mr Tinubu’s effort to base Nigeria’s economic revival on the foundation of trade expansion through small, medium, and large-scale industry facilitation in the country. The…
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NCC restores regulatory services to Globacom
The Nigerian Communication Commission (NCC) has restored regulatory services to one of its licensees, Globacom Limited after it successfully cleared its outstanding debt obligations to the Commission for unpaid Spectrum Fees, Numbering Fees and Annual Operating Levy (AOL). The Commission has also stepped down planned enforcement action against Globacom over its breach of extant regulations by failing to pay its…
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Era of exporting raw materials is over – Alake
Minister for Solid Minerals Development, Dr Oladele Alake has restated the overarching policy of value addition by any company wth requisite license and permits to mine minerals, just as he made a clarion call to potential investors that the era of exporting raw materials is over. Dr Alake made this known today in Lado village, Udede Development Area, Nasarawa local…
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Shettima promises adequate power supply to industrial clusters, others
…holds business roundtable in Agbara, Ogun State The Federal Government has assured investors in the country of the determination of the President Bola Ahmed Tinubu-led administration to ensure adequate power supply across the country especially in industrial clusters. Vice President, Senator Kashim Shettima, gave the assurance during the Agbara Business Roundtable held in Agbara, Ado-Odo-Ota Local Government Area of Ogun…
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BREAKING: CBN lifts foreign exchange restrictions on importation of 43 items
The Central Bank of Nigeria (CBN) on Thursday finally lifted the foreign exchange restrictions it placed importers of 43 items eight years ago. The CBN in a statement signed by Dr. Isa AbdulMumin, the director of corporate communications of the bank, said a significant change has been made in the foreign exchange market policy. Importers who were previously restricted from…
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Alake: Nigeria Mining Week 2023 to showcase the potential of the mining sector
The Minister of Solid Minerals Development, Dele Alake, has announced the preparations for the 8th Edition of the Nigeria Mining Week, 2023, which will take place from October 16 to October 18, 2023. The Nigeria Mining Week is an annual event that aims to celebrate and uplift the Nigerian mining sector, which plays a pivotal role in diversifying the economy…
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Tinubu appoints new leadership across the communications, innovation, digital economy sectors
President Bola Tinubu has announced the appointment of new and returning Chief Executives for various agencies under the Federal Ministry of Communications, Innovation, and Digital Economy. The President also appointed a new Special Adviser to the President on Technology and Digital Economy. According to a statement issued by Chief Ajuri Ngelale, the Special Adviser to the President on Media and…
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