Economy
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Subsidy: Nigeria feeding West Africa with cheap fuel – Winifred Akpani, CEO Northwest Petroleum
Remarks by Winifred Akpani, Managing Director/Chief Executive of Northwest Petroleum & Gas Company Limited at the State House, Aso Rock during the meeting of Independent Marketers with President Bola Tinubu on Wednesday Excerpts: Thank you, Your Excellency, government of our beautiful African state. I thank you for your patience this afternoon. He has touched on most of the issues really.…
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Fuel marketers declare support for subsidy removal
The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Wednesday in Abuja, pledged its support for the Federal Government’s removal of fuel subsidies. The association’s chairperson, Winifred Akpani, made the disclosure at the end of a meeting with President Bola Tinubu. She said the association would also support the government’s palliative measures by providing between 50 and 100…
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Lai Mohammed appointed managing partner of Ballard Partners
Former Minister of Information and Culture, Lai Mohammed, has been appointed as the managing partner of Ballard Partners, an international lobbying firm. The appointment comes less than two weeks after Mohammed’s departure from office. Ballard Partners specializes in various areas of governmental and public affairs, providing expertise in legislative and executive agency advocacy. The official announcement of Mohammed’s appointment was…
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Jimoh Ibrahim: Nigeria can repay debts within 90 days
…taps into expertise for strategic solution The Senator-elect representing Ondo South, Jimoh Ibrahim, believes that Nigeria has the potential to repay its debts to other countries within a span of 90 days, provided the government is willing to tap into his expertise. According to Jimoh Ibrahim, the nation’s debts of N77trillion shouldn’t be a cause for worry considering the current…
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Global growth to slow to 2.1% in 2023, with prospects clouded by financial risks, says World Bank
World Bank in its latest global economic prospects report has disclosed that global growth is projected to decelerate from 3.1per cent in 2022 to 2.1 per cent in 2023. The bank stressed that in Emerging Market and Developing Economies (EMDEs), other than China, growth is set to slow to 2.9per cent this year from 4.1per cent last year. The forecasts…
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Tinubu hails appointment of Nigerian-born British AI expert, Abel Aboh, into Scotland’s board of Data Lab Centre
For making Nigeria proud on a global stage in the field of Artificial Intelligence, President Bola Tinubu has poured encomiums on Mr. Abel Aboh. The Nigerian-born British Artificial Intelligence expert was recently appointed into the Board of the Data Lab Innovation Centre, Scotland, United Kingdom. President Tinubu noted with pride and satisfaction the impressive professional achievement of Aboh in United…
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IATA chair laments high running cost of airlines in Africa
Yvonne Manzi Makolo, the Chair of the International Air Transport Association (IATA) Board of Governors (BoG) and CEO of RwandAir, has raised concerns about the exorbitant cost of running airlines in Africa. She attributed the high expenses to various factors, including “high taxes, high price of aviation fuel, high insurance premium, high cost of spares as well as high cost…
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Equities market depreciates by N8bn over profit-taking in Geregu Power, others
The equities market of the Nigerian Exchange Limited (NGX) on Monday opened the week mixed with a bearish tilt as the overall capitalisation went down by N8 billion over investors profit-taking in Geregu Power Plc, among others. As a result, the NGX All Share Index (ASI) went down by 13.79 basis points or 0.02 per cent to close at 55,806.71…
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Total import to Nigeria drops by 25.83% in Q1 2023, says NBS
The National Bureau of Statistics (NBS) on Monday disclosed that the value of total imports into Nigeria stood at N5.56trillion in the first quarter of 2023 (Q1 2023), a decline of 25.83 per cent compared to the N7.5trillion recorded in the corresponding quarter of 2022. The bureau in its report titled “Foreign Trade in Goods Statistics”, disclosed that the value…
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BREAKING: FG, TUC break deadlock on fuel subsidy, to reconvene Tuesday
The Federal Government and the Trade Union Congress (TUC) have made progress on the negotiations toward resolving dispute over the removal of fuel subsidy. The Federal Government team and that of TUC led by its President, Comrade Festus Osifo met on Sunday in a meeting that started at about 4pm and ended around 7.30pm. Addressing the State House Press Corps…
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