Economy
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New Lagos international airport terminal will create 3,000 jobs for youths – Buhari
President Muhammadu Buhari, on Tuesday, commissioned the newly built international terminal at the Murtala Mohammed International Airport (MMIA), creating a new travel experience for air passengers passing through the Lagos international airspace. Governor Babajide Sanwo-Olu joined the president to unveiled the new MMIA Terminal 2, designed and built under the rehabilitation programme of the Federal Ministry of Aviation. Buhari said…
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UPDATED: See new DStv, GOtv subscription rates
MultiChoice Nigeria have announced an increase in the DStv and GOtv subscription packages. The South African-owned company announced this in a statement on Tuesday. The company said the increase was as a result of the “rising costs of inflation and business operations”. According to MultiChoice the new pricing regime will take effect from April 1. “In light of the rising…
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PHOTO NEWS: Governor Sanwo-Olu opens Microsoft’s software engineering office in Ikoyi
Lagos State Governor, Babajide Sanwo-Olu on Monday, opened Microsoft’s Africa Development Centre (ADC West Africa) Software Engineering Office in Ikoyi.
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PHOTO NEWS: Osinbajo commissions new Toyota Service Centre in Oshodi
Vice President Yemi Osinbajo in company of Chairman of Toyota Nigeria, Chief Michael Ade-Ojo, commissioned the new Toyota Service Centre at Oshodi, Lagos on Monday.
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Buhari summons minister over country’s poor power
President Muhammadu Buhari has summoned Minster of Power, Abubakar Aliyu to a meeting over the frequent power outages in the country. Senior Special Assistant to the President on Media and Publicity, Garba Shehu, made this known in a statement on Monday. According to Shehu, the president summoned Imo State Governor, Hope Uzodinma over the insecurity in the state. The president…
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Nigeria among 10 most improved economies, says Lai Mohammed
Minister of Information and Culture, Alhaji Lai Mohammed, said the Presidential Enabling Business Environment Council (PEBEC) has implemented over 150 reforms, moving Nigeria up 39 places on the World Bank Doing Business index since 2016.The minister, who disclosed this during a visit to the IshK Tolaram Foundation in Lagos on Monday, said the reforms were also responsible for Nigeria being…
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FCCPC wants MultiChoice to allow subscribers suspend subscription four times annually
Federal Competition and Consumer Protection Commission (FCCPC) has instructed Multichoice Nigeria Limited to increase the number of times subscribers suspend subscriptions to at least four times in a year. MultiChoice Nigeria is the Nigerian Subsidiary company of MultiChoice Africa, owner of DStv and GOtv. In the past, MultiChoice had allowed suspension of accounts for a fixed period between seven to…
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Analysts expect MPC members to hold rates despite external sector pressures
A group of analysts at Cordros Research have predicted that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) may retain the interest rate or Monetary Policy Rate (MPR) at 11.5per cent alongside other monetary policy parameters. They also expected the Committee to strike a hawkish tone in light of the tightening of monetary policy by global…
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JUST-IN: Access Bank reports N176.7bn PBT in 2021, hits N11.7trn in total assets
Access Bank Plc has reported N176.7billion profit before tax in the financial year result and accounts for the period ended December 31, 2021. The Pan-African bank’s profit before tax rose by 40.3 per cent when compared to N125.9billion reported in the prior year’s results. The audited results on the Nigerian Exchange Limited (NGX) showed 51.1 per cent increase in profit…
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Finally, Customs bows to CBN on e-Invoicing policy
The Nigerian Customs Service (NCS) has finally accepted the e-Invoicing and e-Valuation policy for imports and exports in the country introduced by the Central Bank of Nigeria (CBN). Nigerian Customs had opposed the new payment policy recently introduced by the CBN, saying it was against conventional practice. NCS also decried poor sensitisation by the CBN on the project. On its…
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