Economy
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15TH BRICS SUMMIT: Tinubu very passionate about empowering MSMEs, says Shettima
The Vice President, Kashim Shettima, says President Bola Tinubu is very passionate about empowering Micro, Small and Medium Enterprises (MSMEs) for the development of the nation’s economy. According to the Vice President, “It is a known fact that the empowerment of the MSMEs is key to empowering our youth and women towards contributing to the nation’s economic development.” The Vice…
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FG, states, LGCs share N966bn for July –FAAC
The Federation Account Allocation Committee, FAAC, has shared N966.110 billion revenue to the Federal Government, States and Local Government Councils, LGCs, for July. The announcement is contained in a communiqué issued at the end of FAAC meeting for August, which was chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. According to the communique,…
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Tinubu appoints Coker-Odusote, Yakub as CEO NIMC, DTAC
President Bola Tinubu has appointed new Chief Executive Officers for the National Identity Management Commission (NIMC) and the Directorate of Technical Aid Corps (DTAC). This was contained in a statement by the Special Adviser to the President on Media and Publicity Ajuri Ngelale. The President appointed Engr. Bisoye Coker-Odusote as NIMC Acting Director-General/CEO, while Hon. Yusuf Buba Yakub was appointed…
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Ekpo vows to harness Nigeria’s abundant gas resources for economic prosperity
Minister of State (Gas) for Petroleum Resources, Ekperikpe Ekpo, has affirmed his dedication to unlocking Nigeria’s vast gas resources, aiming for both economic prosperity and environmental sustainability. Speaking after his inauguration by President Bola Tinubu in Abuja on Monday, Ekpo expressed his gratitude for the opportunity to serve the nation. He highlighted the pivotal role of the gas ministry in…
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Nasarawa, NASENI to partner on Lithium processing policy
The Nasarawa State government and the National Agency for Science and Engineering Infrastructure (NASENI) are set to partner on a lithium processing policy that would ensure that Lithium mined in the State is processed locally instead of exporting it raw. The processing policy is in line with NASENI’s drive to encourage the processing of Strategic Solid Minerals and particularly to…
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Tinubu targets over 11,500 new CNG-enabled vehicles
In furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs, President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI). This transformative initiative is poised to revolutionize the transportation landscape in the country, targeting over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing…
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CBN’s floating of naira illegal – Femi Falana
Femi Falana, a senior advocate of Nigeria (SAN), says the floating of the naira by the Central Bank of Nigeria is illegal. Falana who was speaking on Sunrise Daily, a Channels TV programme, said he had sued the CBN as a result of this. According to him, it is the duty of the apex bank to determine the currency rate…
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We’ll work with stakeholders for more inclusive, prosperous Nigeria – Bosun Tijani
Minister-designate Bosun Tijani says he hopes to work with all stakeholders to build a better future for all Nigerians. Tijani who would be sworn in as Minister of Communications, Innovation and Digital Economy on Monday, also appreciated President Bola Tinubu for the opportunity to join his team. Tijani said this on a post on his X (formerly Twitter) account on…
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We’ll leverage digital technology for socio-economic progress – Tinubu
President Bola Tinubu on Wednesday declared that his administration would leverage digital technology to create Nigeria’s desired socio-economic progress that is necessary to transform society. Receiving in audience a delegation from Google (West Africa) led by its Director, Olumide Balogun, the President noted that his administration is determined to use education and technology to improve the lives of its citizens,…
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Fraudsters issuing invitation letters for recruitment into immigration service – NIS
The Nigeria Immigration Service (NIS) has warned the public, especially applicants, to be wary of fraudulent invitation letters for recruitment. The warning is contained in a statement issued Wednesday by NIS spokesman Adedotun Aridegbe. The statement said invitation letters for recruitment into the service could only be downloaded from the official recruitment portal of the service. “The attention of the…
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