Economy
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Power grid maintains uninterrupted stability for over 400 consecutive days – TCN
The Transmission Company of Nigeria (TCN) has announced that the Nigerian power grid recorded an unparalleled period of stability in the history of the power sector in the country. In a statement issued by the General Manager Public Affairs, Ndidi Mbah, on Tuesday, the Nigeria power sector experienced a major milestone without any major disruptions or systems collapse for an…
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Akubuiro, Gomba, Ojomu shortlisted for 2023 Nigeria Prize for Literature
The Advisory Board for The Nigeria Prize for Literature has announced the finalists for the 2023 edition of the Prize. The shortlisted plays in alphabetical order of their titles are: Grit by Obari Gomba The Ojuelegba Crossroads by Abideen Abolaji Ojomu Yamtarawala – The Warrior King by Henry Akubuiro The Nigeria Prize for Literature is sponsored by Nigeria LNG Limited…
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Nigeria will no longer borrow to fund projects – Wale Edun
The Minister of Finance, Wale Edun, says the Federal Government will no longer borrow from any local or foreign organisation while sticking to the recent directive on the removal of subsidy on petrol and unification of the exchange rate. Edun said this while fielding questions from journalists at the State House, Abuja on Monday He also revealed that President Bola…
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Culture minister outlines 8-point plan to transform Nigeria’s creative industry
The Minister of Art, Culture, and the Creative Economy, Hannatu Musawa, has unveiled an eight-point strategy intended to firmly establish Nigeria as the global centre of culture and entertainment. “With our greatest resource, the Nigerian People, at the forefront, we are championing a creative, cultural, and economic renaissance,” said Ms Musawa in a statement shared to reporters on Monday. “Our…
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NCC launches 27 emergency toll-free centres nationwide
The Nigerian Communications Commission (NCC) has launched it’s Emergency Communications Centres (ECC), which is fully operational in 27 centres across the country. NCC’s Director, Public Affairs, Reuben Muoka, said this in a statement. He said the ECCs are reachable on toll-free Number 112, and are operating in similar design like the 911 Emergency Numbers in some developed parts of the…
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FG promises Port Harcourt refinery to be operational by December
The Federal Government has reiterated its commitment to ending petroleum product importation soon, as efforts are being redoubled to restore the nation’s local refining capacity. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said this during an inspection tour of the rehabilitation work progress at the Port Harcourt Refining Company (PHRC) Ltd. plant, in Port Harcourt on Friday.…
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Nigeria’s GDP slows to 2.51% in Q2 2023, says NBS
Nigeria’s Gross Domestic Product (GDP) growth rate slowed to 2.51 per cent year-on-year in the second quarter of this year (Q2 2023) compared to 3.54 per cent recorded in Q2 2022, the National Bureau of Statistics (NBS) said yesterday. This, however, represented an increase of 0.20 per cent compared to 2.31 per cent recorded in the first quarter of 2023.…
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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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