Economy
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FG to share N75 billion loans to MSMEs from January
The Federal Government has announced its plans to boost the growth and development of Micro, Small, and Medium Enterprises (MSMEs) in the country. As part of this initiative, the FG said it will be disbursing a total of N75 billion worth of loans to eligible businesses. This was contained in a statement issued by the Office of the Senior Special…
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OGHA okays 2024 Appropriation Bill of N703.02bn
… reviews estimates Of 18 MDAs, others By Kolawole Olayinka, Abeokuta Ogun State House of Assembly has passed the Year 2024 Appropriation Bill of N703,028,013,431.64 earlier presented to it for consideration by Governor Dapo Abiodun. The Appropriation Bill was presented about four weeks ago, with a review in the capital and recurrent expenditures as well as projected revenue of 18…
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Power minister decries persistent sabotage by vandals on power sector
Nigeria’s power minister, Adebayo Adelabu, expressed his dismay at the repeated acts of sabotage by vandals that have been causing disruptions to power supply in the NorthEast region of the country. These disruptions, according to him, have been affecting the states of Yobe and Borno, causing inconvenience and frustration for the residents. He said the vandalism occurred at a transmission…
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NEC appoints Kwara governor Chairman Economic Affairs Committee
By Mosunmola Ayobami,Ilorin The governor of Kwara State, AbdulRahman AbdulRazaq has been announced as the Chairman of the Economic Affairs Committee of the National Economic Council (NEC). Chairman of NEC and Nigeria’s Vice President, Kashim Shettima, made the announcement at the 138th meeting of NEC which held virtually during the week. The Committee is saddled with the task of preparing…
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WRC-23: Nigeria joins rest of world to sign updated radio regulations to deepen global connectivity
At the conclusion of the World Radiocommunications Conference (WRC) 2023, Nigeria joined the rest of the World to sign unto the Final Act WRC-23, which constitutes a record of the decisions taken at the conference. The Final Act comprises both the new and revised provisions of the Radio Regulations, an international treaty governing the use of the radio-frequency spectrum and…
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Air Peace to resume direct flights to China December 28
Air Peace says it will resume direct flights to Guangzhou, China, on December 28. The airline announced this in a statement by its spokesman, Stanley Olisa, on Friday. The airline said passengers could also fly Accra-China-Accra, a new connection. It said the resumption of flights to China and the newly introduced connection was in furtherance of Air Peace’s commitment to…
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Ex-CBN governor Emefiele stashed billions in foreign accounts without approval, probe reveals
Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), is facing fresh allegations of illegally depositing billions of naira in 593 bank accounts in the US, UK, and China without the consent of the CBN board of directors and the CBN Investment Committee. According to Jim Obaze, the Special Investigator on the CBN and Related Entities, Emefiele…
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Shettima tasks NEC members to keep hope of the nation alive, creates committees on economic, oil issues
Vice President Kashim Shettima has charged members of the National Economic Council (NEC) to shelve the idea of vacation in the yuletide and carry on with issues of governance to ease the burden of Nigerians hanging on their shoulders. He charged the Council members to be alive to the demands of Nigerians noting that , “as the year draws to…
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NNPC Ltd fulfils promise, delivers Port Harcourt Refinery
…achieves mechanical completion, flare start-up of refinery’s area 5 plant The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC). Rehabilitation work has been ongoing at the Refinery for over two years and the NNPC Ltd. had pledged to complete…
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FULL LIST: Keyamo appoints new directors for aviation agencies
The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced the appointment of new directors for all aviation agencies. This was disclosed Thursday in a statement issued by Odutayo Oluseyi, the spokesperson for the Ministry of Aviation and Aerospace Development Below are the appointed Directors and offices: Prof. Vincent Ezikornwor Weli, Director, Weather Services Prof. Odjugo Peter Akpodiogaga Ovuyovwiroye,…
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