Economy
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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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‘Nigeria’s public debt rose to N87 trillion in Q3’
Debt Management OfficeNigeria’s total public debt stock hit N87.91 trillion (114.35 billion dollars) as of Sept. 30, according to a statement by the Debt Management Office (DMO) on Wednesday in Abuja. The DMO said that the amount represented the domestic and external debts of the federal government, the 36 state governments and the Federal Capital Territory (FCT). The N87.91 trillion…
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NRC begins free train ride Thursday
The Nigerian Railway Corporation (NRC ) has declared a free train ride from Thursday on all its passenger services. This followed the directive of President Bola Tinubu who also approved a 50 per cent reduction in interstate bus fares to enable the people to travel for the Christmas and New Year holidays. The NRC in a statement said following the…
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Ports access roads: Oyetola meets Umahi, lists 15 roads requiring urgent rehabilitation
…as works minister assures of his cooperation The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said that access roads leading to the ports in Nigeria play a pivotal role in the efficiency of the ports. To this end, he has appealed to the minister of Works, Engineer David Umahi, to assist in undertaking an urgent comprehensive repair and…
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Shettima commissions SMEDAN headquarters, says FG’s resolve to protect SMEs remain unshaken
Vice President Kashim Shettima has said the federal government under President Bola Ahmed Tinubu’s watch will never shift ground in its determination to protect businesses in Nigeria. According to him, enterprises are not only the very bedrock of a society but also reflect the direction the government is heading to and the speed with which it is doing so. The…
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FG forms committee to improve consumer credit
A Technical Working Committee has been set up by the Federal Government of Nigeria under the leadership of President Bola Tinubu to boost Consumer Credit. The committee, headed by the Finance Minister, Mr Olawale Edun, and supported by the Communications, Innovations and Digital Economy Minister, Dr ‘Bosun Tijani, has five months to deliver on various targets, such as increasing financial…
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