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Equity market closes on negative trend, shedding 489.09 bp

Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed week on Friday in a negative trend, shedding 489.09 basis points. The NSE All Share Index declined by 1.13 per cent to 42638.83 points from 43127.92 reported in the previous week. Also market capitalisation of listed equities depreciated by N175 billion o to […]

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Nigerian Breweries declares N33.04bn profit

The Board of Directors of Nigerian Breweries Plc (NB) has announced the company results for the 2017 financial year , proposing a total dividend of N33 billion to its shareholders. The company while filling the report at the Nigerian Stock Exchange said that the amount proposed translated into a dividend of N4.13 kobo for every […]

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NNPC denies responsibility for fuel queues in Lagos, Abuja

The management of the Nigerian National Petroleum Corporation (NNPC), has denied being responsible for the extraneous situation which has led to the emergence of fuel queues in some cities across the country. According to a statement on its website, the oil sector regulator insisted that the “long queues have nothing to do with the unavailability […]

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NAICOM to shut doors against CEOs reps at Insurers’ Committee meetings

The Commissioner for Insurance (CFI), Alhaji Mohammed Kari, has warned that the Commission would no longer admit representatives at meetings meant for Chief Executive Officers of insurance companies. Kari made this known at the First 2018 Annual Insurers’ Committee’s Retreat held in Abeokuta on Saturday. “The idea of the Insurers’ Committee was borrowed from the […]

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Stakeholders advocate improvement in agric policy implementation

  Stakeholders at an agriculture capacity building workshop have asserted that the Comprehensive Africa Agriculture Development Programme (CAADP) if properly implemented will not only stimulate and facilitate agricultural performance it will also increase investment financing. In a communique issued at the end of the training for media practitioners in Abuja on agriculture policies (CAADP, ECOWAP, […]

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NLNG shareholders set to take FID on train 7 plus project

Nigeria Liquefied Natural Gas (NLNG) Limited has announced its progress towards achieving Final Investment Decision (FID) on its Train 7 Plus (7+) project in 2018. In an oil and gas document obtained by the Blueprint Newspaper, the General Manager, External Relations, Kudo Eresia- Eke, who made the announcement recently at the World LNG summit in […]

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Nigeria, global agencies to fight illicit financial flows in Africa

Abuja With current estimated loss by Africa through illicit financial flows put at over $80 billion annually, Nigeria has agreed to collaborate with some global anti-graft groups to combat the menace in Africa. Minister of Finance, Kemi, Adeosun, who said Nigeria accounted for a significant percentage of the loss, identified some groups the country agreed […]

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SEC targets increased financial inclusion by 2020

Abuja The Securities and Exchange Commission (SEC) has said that it aims to achieve increased level of financial inclusion of Nigerians by the year 2020. Acting Director General of the SEC, Dr. Abdul Zubair stated this during a financial inclusion sensitization campaign held in Karshi, Abuja at the weekend. Represented by Director Market Development Department […]

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Naira remains steady against Dollar amid CBN intervention

The nation’s currency maintained stability week on week against the Dollar in most segment of foreign exchange market following the injection of $210 million by the Central Bank of Nigeria into the market. The CBN allocated $ 100 million to wholesale (SMIS) while $55 million each sold to Small and Medium scale Enterprises and Invisible. […]

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LEAP Africa appoints new board of directors

LEAP Africa has the appointed Mr. Udeme Ufot, the Co-founder and Group Managing Director, SO&U as its Board Chairman. Before his appointment as the Board Chair, Udeme Ufot had served as a non-executive director on the board since 2012. He succeeds Dr. Nadu Denloye, Director at CDNet Ltd/Gte, Former Director, TELNET who served as its […]

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NEXIM Bank seeks support of local businesses

  The Managing Director and Chief Executive Officer of the Nigeria Export Import (NEXIM) Bank, Abba Bello has urged the private sector to join hands in promoting indigenous manufacturers and businesses. He also called for commitment to Nigeria’s future in order “to keep on investing and pushing the frontiers of local businesses in the country.” […]

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Oxfam highlights roles of Right to Food campaign

An international non-governmental organisation, Oxfam has highlighted the critical role of Right to Food campaign and access of land in solving inequality in Nigeria. The organisation, which launched and implemented its strategic partnership programme in 25 countries in 2015, has three basic theories for change: Right to food, conflict and fragility and financing for development. […]

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FG commences AFSIS pilot project

The federal government has commenced the African Soil Information Service (AFSIS) pilot project as part of efforts to address the lack of quality information and data on soil and agricultural landscape. This is believed would help boost sustainable agricultural productivity across the Nigerian agro- ecologies. The project which is being funded by Bill and Melinda […]

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AGRA ranks Nigeria among countries with agribusiness-friendly regulations

  An assessment report, “Enabling The Business of Agriculture 2017” put together by Alliance for Green Revolution in Africa (AGRA) in partnership with the World Bank Group, has ranked Nigeria among countries with more agribusiness friendly regulations. It also it rated Nigeria high especially in the area of regulatory frameworks for finance, fertilizers, machinery in […]

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FCT farmers bicker over proposed establishment of cattle colonies, ranches

As discussions on the proposed federal government cattle colonies continue to elicit reactions, Blueprint seeks the opinion of FCT farmers in the rural community, PAUL OKAH reports. Mrs. Aminu Mustapha, farmer in Nyanya It’s a welcome development. This issue of Fulani herdsmen has been a troubling one in the history of Nigeria. The herdsmen have […]

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Our agric inputs are of international standard – CEO Tolaye Metal

As the government continues to encourage mechanisation in the agriculture sector and encouragement of local manufacturers to fill the gap, the Chief Executive Officer, Tolaye Metal and Technical Company, Mr Oladayo Oloyede, in this interview with JOHN OBA, says with government support for local manufacturers and fabricators, his company can bridge the demand gap What […]

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Falconets storm Yaounde for World Cup ticket

The delegation of U17 women national football team, Flamingos, will on Friday arrive in Yaounde, capital of Cameroon for their final round, final leg of the 2018 FIFA U17 Women’s World Cup qualifying fixture against their Cameroonian counterparts. Officials confirmed that the team will fly aboard an Asky Air plane from Abuja for the game […]

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Ex- FCT Sports Director emerges as Para-Athletics President as Misbau returns for Soccer

  Former Director of Sports in the Federal Capital Territory (FCT), Dr Geoffrey Ogu yesterday emerged as the President, Para-Athletics Federation of Nigeria (PAFN) in a keenly contested election for seven para-sports in the country. Ogu who was emphatic on his vision and mission for one of the physically challenged sporting federations defeated his closest […]

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Sports vital tool in addressing insecurity – Dalung

Minister of Youth and Sports, Solomon Dalung, says sports is a vital tool in addressing some of the security challenges bedevilling the county. The minister made the remark on Thursday, when he led a delegation of the National Council of Sports on a courtesy visit to Gov. Nasiru El-Rufai in Kaduna. He said it was […]

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FIFA Rankings: Nigeria now 52nd

  Nigeria’s Super Eagles dropped one place in the latest FIFA ranking released by the football governing body on Thursday The Super Eagles were 51st in the world with 651 points in January but are now 52nd with 606 points, according to the ranking on FIFA’s official website on Thursday. Nigeria, who were losing finalists […]

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Security: Case for alternative approach

No doubt, Nigeria is a big country with huge landmass and population. These facts, and many more, therefore, make it untenable for the country’s security arrangement to be controlled from the centre. This is the view of Vice President Yemi Osinbajo. Specifically, Osinbajo said that the federal government cannot, realistically, provide security in view of […]

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Senate suspends sitting over NASS fire

Abuja An electrical upsurge from the technical room at the basement of the Senate wing of the National Assembly (NASS) yesterday prevented the upper legislative chamber from holding plenary. The upsurge which enveloped the ground and first floors of the wing with thick smoke for about an hour, delayed commencement of the later adjourned plenary […]

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I’ll keep crying till we get justice – Ortom

Makurdi Benue state Governor, Samuel Ortom, has vowed to keep speaking out on the invasion and ongoing killings in the state until the people of the state got justice. He spoke when a delegation of the Christian Association of Nigeria (CAN), South-south zone, led by Archbishop God-Dowell Oyibo Avwomakpa, visited him at the Peoples House, […]

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2019: CSO tracks campaign funds, others

Abuja Ahead of next year’s general elections, a civil society organisation, Good Governance Team (GGT), has said it had concluded plans to launch a tracking project to monitor early money and third party spending, misuse of state and administrative resources. The group, in a statement issued yesterday in Abuja by its convener, Tunde Salman, said […]

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Forum to FG: Revive textile industry with recovered loots

Kaduna The Forum of Directors of Sports in Nigeria has urged the federal government to deploy the moneys recovered from looters in reviving the moribund textile industry to create hundreds of thousands jobs for youths. Chairman of the Forum and Kwara state Director of Sports, Mr. Tunde Kasim, said “creating jobs for the teeming youth […]