Economy
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CBN working to ensure Nigeria’s economy remains vibrant with diversified mix opportunities, says Emefiele
Central Bank of Nigeria (CBN), Governor, Mr. Godwin Emefiele has said despite the headwinds associated with the Covid-19 pandemic, the Bank has worked hard to ensure that Nigeria remains a vibrant economy with a diversified mix of opportunities across key sectors. He mentioned sectors such as Information Communication Technology (ICT), manufacturing, solid minerals, trade and agriculture, stressing that “notwithstanding these…
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Kwara gets N2.8bn FAAC allocation for March
By Mosunmola Ayobami, Kwara Kwara State government has received N2.8billion as federal allocation for the month of March, according to a statement from the Ministry of Finance. The is made up of statutory revenue allocation SRA (Gross) of N1.9billion; deductions (loans) of N1.2billion; SRA (Net) of N699.4million; Value Added Tax (VAT) of N1.6billion; excess bank charges of N33.3milliom and non-oil revenue…
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Investors’ renew interest in Conoil, Lafarge Africa, 14 others rebound equities market
Trading activities on the equities market of the Nigerian Exchange Limited (NGX) on Wednesday closed positive, halting the four consecutive bearish trends as the market gained N4 billion. The All Share Index (ASI) rose by 7.38 points or 0.02 per cent to close at 47,163.94 basis points while, investors gained N4 billion in value as market capitalisation went up to…
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Despite Court order, Sirika, Yadudu, others allegedly move to award illegal contract to allies
The duo Minister of Aviation Sen. Hadi Sirika, and the Managing Director of Federal Airport Authority of Nigeria (FAAN) Captain Rabiu Yadudu, had moved to give effect to the invalid, illegal contracts to their political associates and business partners in flagrant abuse of court order report said. According to our source, who noted that effort are been galvanized underground by …
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Nigeria, Niger partner to improve revenue mobilisation
The Federal Inland Revenue Service (FIRS) and the Niger Tax Authority have set plans in motion to work together to help both nations improve their revenue mobilisation. FIRS Executive Chairman Muhammad Nami said this can be achieved if the revenue authorities of both countries work together to deepen their relationship, share tax information and engage in mutual administrative assistance. Mr.…
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House of Reps asks CBN to enforce use of N2, N1, 50kobo coins as legal tender
The House of Representatives said N2, N1 and 50 kobo coins should be accepted as means of exchange in the country. The lower chamber therefore directed the Central Bank of Nigeria (CBN) to ensure acceptance of the coins and also asked commercial banks to comply with their usage. The directive by the House followed a motion moved by Muda Lawal…
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New Lagos airport terminal to take in 14 million passengers per year – Aviation minister
Minister of State for Aviation, Senator Hadi Sirika says the newly inaugurated terminal of the Murtala Muhammed International Airport, Lagos has the capacity to process 14 million passengers every year. Sirika made this known at the inauguration of the new terminal by President Muhammadu Buhari on Tuesday. The minister praised President Buhari for bringing a facelift to the aviation sector…
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ICYMI: I didn’t force Dangote refinery out of Olokola with demands – Mimiko
Former Ondo State Governo,r Olusegun Mimiko has said he didn’t make any demands from Aliko Dangote which forced him to move the Dangote Refinery from the Olokola Free Trade Zone to the Lekki Free Trade Zone. Dangote had in 2013 announced plans to build a refinery at the Olokola Free Trade Zone which is jointly owned by the Ogun and…
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Sanwo-Olu credits Tinubu as brain behind Lekki Free Trade Zone
Lagos State Governor, Babajide Sanwo-Olu has credited National Leader of the All Progressives Congress (APC) Asiwaju Bola Tinubu of being the brain behind the Lekki Free Trade Zone. Speaking at the inauguration of Dangote Fertlizers by President Muhammadu Buhari on Tuesday, Sanwo-Olu recounted the role played by Tinubu, in the establishment of the fertiliser plant and the refinery. Tinubu was…
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Nigeria to stop importation of agric products soon – Buhari
President Muhammadu Buhari says the country would soon stop importation of agricultural products as a result of the inauguration of Dangote Fertilizer Plant. Buhari said this on Tuesday at the commissioning of the plant in Ibeju Lekki, Lagos State. The newly commissioned fertilizer plant has an installed capacity of 3.0 million metric tonnes of Urea per annum. The president said…
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