Economy
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FG, MAN to discuss binding constraints in manufacturing sector, others
The Federal Government, in collaboration with the Manufacturers Association of Nigeria (MAN), set to tackle constraints limiting the performance of the manufacturing sector among others in the country. Senior Special Assistant to The President on Media & Communications, (Office of The Vice President), Stanley Nkwocha in a statement on Monday noted that FG and MAN are organising a three-day national…
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Kwara, Ondo, Osun, Oyo, Ogun fail to attract capital importation in Q1 2024, says NBS
The National Bureau of Statistics (NBS) has revealed that five states from the Western part of the country, Kwara, Ondo, Osun, Oyo, and Ogun failed to attract capital importation in first quarter (Q1) of 2024. The ‘Nigeria Capital Importation’ report by NBS revealed that only Ekiti, and Lagos State reported capital importation in the period under review. The bureau disclosed…
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PEBEC: Ministry of Marine & Blue Economy emerges overall best performing ministry
The Ministry of Marine and Blue Economy, under the dynamic leadership of the Honourable Minister, Gboyega Oyetola, has achieved an exceptional milestone by emerging as the overall best performing ministry in the Ease of Doing Business ranking. This was revealed on Friday, at the town hall meeting, by the Special Adviser to the President on Presidential Enabling Business Environment Council…
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Customs generates N10b in 5months, empowers Officers wives, widows
By Mosunmola Ayobami, Ilorin Kwara Area Command of the Nigeria Customs Service (NCS) has generated N10.02 billion revenue of seizures from January to May 2024, a 40.41% increase compared to the same period in 2023. The revenue was generated from 21 seizures of prohibited items, including foreign rice, used vehicles, and petroleum products. The Customs Area Controller, Kwara Command, Faith…
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NIMC, NDPC begin probe into alleged breach of data
Minister of Communications, Innovation and Digital Economy of Nigeria, Bosun Tijani, has disclosed that investigation has commenced into the alleged breach of data of Nigerians domiciled at the National Identity Management Commission (NIMC). In a post on X (formerly Twitter) on Wednesday, the minister said the NIMC and National Data Protection Commission (NDPC) have commenced a probe into the matter.…
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NNPCL uncovers additional 165 illegal refineries in Niger Delta
In its fight against crude oil theft in the past week, the Nigerian National Petroleum Company Limited said it uncovered another 165 illegal refineries in various locations across the Niger Delta. An NNPCL documentary recorded between June 15 and 21, said about 400 incidents of oil theft and vandalism were reported by both the government and private security agencies. It…
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FG solicits for more bilateral cooperation with AFD
The Federal Government has solicited for more bilateral cooperation with Agence Francaise de Development (AFD) in their areas of comparative advantage. This was made known by the Honourable Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu during a courtesy visit on him by the Agence Francaise de Development Group (AFD) Mission Executive in Nigeria today in Abuja. The…
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UPDATED: Dangote Refinery contains fire at effluent treatment plant
The management of Dangote Refinery said that has contained minor fire at its effluent treatment plant. WESTERN POST had report that there was a fire outbreak at a section of Dangote Refinery located in Ibeju-Lekki, Lagos State, on Wednesday, revealing that the sound of an explosion can be heard in a viral video footage. Responding, Group Chief Branding & Communications…
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Nigeria takes giant leap in connectivity with $2bn fibre-optic project
As part of efforts towards positioning Nigeria as Africa’s third-largest terrestrial fibre-optic infrastructure in Africa, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday in Abuja, addressed the Fibre Forward Strategic Development Workshop, organized by the Federal Ministry of Communications, Digital Economy and Information Technology (FMCIDENigeria). Director, Information and Public Relations, Minister of…
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Fire guts a section of Dangote Refinery
There was a fire outbreak at a section of Dangote Refinery located in Ibeju-Lekki, Lagos State, on Wednesday. A trending video shows a cloud of thick smoke billowing into the sky from the facility. The sound of an explosion can also be heard in the footage. The cause of the fire is still unknown. Anthony Chiejina, the Group Chief Branding…
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