Economy
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FG allocates N81.7bn for streetlights construction in 2023 budget- Report
Tracka, BudgIT’s service delivery promotion platform, said it has discovered that a total of N81.7 billion was allocated to the construction of solar street lights in the 2023 Federal Government capital and constituency projects. This is higher than the total allocation to schools and primary health centers, which gulp N77.9 billion and N3.1 billion, respectively, in the budget. “In 2022,…
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Subsidy removal to attract more investments inflow, says Onyema
On the back of the new administration’s readiness to remove fuel subsidy, unify exchange rates and ensure that investors and foreign businesses repatriate their hard earned dividends and profits home, the Group Chief Executive Officer, Nigerian Exchange Group, Oscar Onyema has expressed optimism that the nation’s economy will witness more investment flows. Onyema stated this during the 7th edition of…
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CBN denies Naira devaluation, calls news report ‘falsehoods and misleading’
The Central Bank of Nigeria (CBN) has denied a news report claiming the devaluation of the Naira to 630/$1. This was contained in a press statement issued by the Acting Director of Corporate Communications of CBN, Isa AbdulMumin. He described the reports as having inaccuracies and misleading implications. “We wish to state categorically that this news report, which in the…
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PHOTO NEWS: Sanwo-Olu speaks at GITEX summit in Morocco
Lagos State Governor, Babajide Sanwo-Olu on Wednesday at the GITEX Summit in Marrakech, Morocco said he is committed to the growth of the tech industry in Africa as an ardent believer in the vast and untapped potential that Africa holds in the realms of technology and digital innovation. He said the acceleration of the African continent towards becoming the next…
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UPDATE: President Tinubu extends acting CG of Immigration’s service by three months
The President, Asiwaju Bola Ahmed Tinubu has extended the tenure of the Acting Comptroller-General of Immigration, Mrs. Adepoju Carol Wuraola by three months. The President gave the approval on Wednesday, WesternPost learnt. WesternPost had earlier reported that the president might extend the acting CG’s tenure in order to give her the opportunity of spending beyond a day in office. Westernpost…
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I am committed to supporting growth of tech industry in Africa – Sanwo-Olu
…says African continent is on accelerated path to becoming next Silicon Valley Lagos State Governor, Mr. Babajide Sanwo-Olu on Wednesday said he is committed to the growth of the tech industry in Africa as an ardent believer in the vast and untapped potential that Africa holds in the realms of technology and digital innovation. He said the acceleration of the…
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China pledges increased economic cooperation with Nigeria
…Nigeria is important to Africa, World, says Chinese President XI Jinping Chinese President XI Jinping has pledged increased economic cooperation with Nigeria, saying the country is important to Africa and the world. The Chinese president spoke through his Special Envoy, Peng Qinghua, Vice Chairperson, Standing Committee of National People’s Congress, People’s Republic of China who met with President Bola Tinubu…
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BREAKING: Acting CG of Immigration’s service year may be extended
President Bola Tinubu may extend the service year of the Acting Comptroller-General of Immigration, Mrs. Adepoju Carol Wuraola, in order to give her the opportunity of spending beyond a day in office. Wuraola was promoted as Acting CG by the Board of Civil Defence, Correctional, Fire and Immigration Services in a letter dated May 26, 2023 after the retirement of…
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NNPC releases new price template for fuel across Nigeria
The Nigeria National Petroleum Corporation Limited (NNPC Ltd) has released the new price template for petrol across the country. The new template was as a result of the suspension of subsidy on petrol by the Federal Government. According to the new price template which takes effect with immediate effect, the pump price for petrol will now range from N488 to…
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BREAKING: Tinubu set to meet labour leaders over fuel subsidy
President Bola Ahmed Tinubu is set to meet with labour leaders over the recent end to the fuel subsidy regime in the country. The president in his inaugural speech on Monday, appreciated former President Muhammadu Buhari for ending the subsidy regime, declaring that money previously used to pay for fuel subsidy would now be used to develop the country’s infrastructure…
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