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ITF to train 11,000 youth nationwide

By Auwal Ahmad Gombe The Industrial Trust Fund (ITF) is to train 11,000 youths in various technical and vocational skills across the country under the 2017 National Industrial Skill Development Programme. Director General of the Fund, Joseph Ari, disclosed this in Gombe, weekende, during the flag off of 2017 National Industrial Skill Development Programme in […]

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SON confiscates sub-standard products in Yobe

By Musa M. Buba The Standard Organisation of Nigeria (SON) has raided shops in Damaturu the state capital as well as Potiskum town where it confiscated sub-standard products such as sugar, spaghetti and vegetable oil, among others. The state coordinator of SON, Dr. Zainab Umar, said the raid was part of the routine operations aimed […]

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FG to partner entrepreneurs on job creation

By Kingston Obung Calabar The Federal Ministry of Trade, Industry and Investment has stated its resolve to partner the National Association of Enterprise Employers (NAEE). Making this commitment in Calabar during the graduation ceremonies of NAEE national, zonal and states officers who passed through a 5-day training for entrepreneurs, organised by the South South CBN […]

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Curbing funding of global terrorism: The role of the financial sector

Being text of a paper presented by Godwin Emiefele Governor, Central Bank of Nigeria, at a 4-day International Seminar on “Asymmetry Security Challenges in the 21st Century”, at the Nigerian Army Resource Centre, Abuja, on October 16, 2017. Introduction It is my pleasure to be invited to present the paper on “Curbing the Funding of […]

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Govs to revive Kaduna textile with $88m

By John Oba Northern governors have earmarked $88 million as cost for the revival of the first textile mill in Nigeria, the Kaduna Textile Mill (KTL), the National Union of Textile, Garment and Tailoring Workers of Nigeria (NUTGTWN) has revealed. General Secretary of NUTGTWN, Comrade Issa Aremu, who disclosed this, said he was at a […]

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FG won’t rest on its oars improving economy

David Agba   Vice President Yemi Osinbajo has assured that the federal government will intensify efforts at improving the economy. He added that the Presidency will make dramatic policy changes in the Oil & Gas sector if necessary. Osinbajo who was reacting to the World Bank’s ease of doing business report on Nigeria said: “The […]

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Our strategy ‘ll mitigate debt service risk – FG

By David Agba Abuja The Minister of Finance, Mrs. Kemi Adeosun, has expressed confidence that the Federal Government’s revenue and debt management strategy would mitigate the country’s debt service risk and fast-track her development. The minister, who welcomed the advice of Nigeria’s international development partners, including the International Monetary Fund (IMF) , said the strategy […]

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Investors exchange shares worth N3.95bn

By Amaka Ifeakandu Lagos Investors yesterday traded 318.147 million shares worth N3.950 billion in 5472 deals this is against 249.348 million shares valued at N5.202 billion exchanged hands the previous day in 4119 deals. The result showed that Market Capitalisation of Listed equities down N3 billion to N12.763 trillion from N12.766 trillion traded yesterday. The […]

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FDI to Africa to hit $57.5m in 2017 – Osinbajo

By Adeola Tukuru Abuja Vice President Yemi Osinbajo has disclosed that the Foreign Direct Investment to Africa stood at $56.2 million and is expected to hit $57.5 million by end 2017. Prof Osinbajo, stated this yesterday at the High level policy and private sector trade and investment facilitation partnership forum in Abuja, hosted by the […]

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SIFAX Group urges quick fix of Tin Can road

The Group Executive Vice Chairman, SIFAX Group, Taiwo Afolabi, has urged the government to quickly intervene in fixing the Tin-Can/Coconut port access road to avoid the impending shut down of operations at the Tin Can Island Port. The road has become almost impassable as many portions of it contain large craters and ditches, and this […]

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Unqualified MAN staff must go – Amaechi

Transport Minister, Rotimi Amaechi has explained why the federal government will soon sack unqualified staff of the Maritime Academy of Nigeria (MAN) Oron. He said the development would pave way to raise the standards of the institution. Amaechi who was guest at a breakfast radio programme, Fact File, monitored on the network service of Ray […]

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NEMSA backs AEDC’s cleanup of shanty networks

David Agba Abuja The Nigerian Electricity Management Services Agency (NEMSA) has thrown its weight behind Abuja Electricity Distribution Company’s (AEDC’s) ongoing cleanup of the inherited substandard shanty networks in its franchise area. NEMSA also said that the exercise was not only commendable but also necessary to prevent electrical accidents that could lead to loss of […]

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CBN’s 41 items ban pushed me into toothpicks making –Ogbebor

Managing Director of Royal Plum Nigeria Limited, Mr Amadi Ogbebor, is one of the Nigerians that ventured into manufacturing following the banning of 41 items from the eligible foreign exchange list by the Central Bank of Nigeria (CBN). The Company which is based in Abuja, specialises in the making of toothpicks. Ogbebor speaks about his […]

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Heritage Bank partners IFCOD for socio-econ devt

By Amaka Ifeakandu Lagos Heritage Bank Plc has partnered with the organizers of the International Festival of Contemporary Dance (IFCOD) to host the second edition of One Language, a musical production of intrigue, dance and drama. The partnership according to the bank is part of the Bank’s commitment to the growth and socio-economic development of […]

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Lawyers urged to embrace opportunities in aviation sector

By Ime Akpan Lagos The Chairman and Chief Executive Officer of Air Peace, Mr. Allen Onyema, has challenged Nigerian lawyers to take advantage of the boundless opportunities in the aviation sector. Speaking in Lagos at the Nigerian Bar Association-Section on Business Law, Aviation Committee Conference tagged: “Unlocking the Potential of Aviation Law and Practice in […]

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Enugu airport doesn’t deserve international status – Aviation committee

National Assembly Committee on Aviation recently undertook a tour of international airports in Enugu, Port Harcourt and Lagos. At the end of the exercise, the Chairman, Senate Committee on Aviation, Senator Adamu Aliero, and his counterpart in the House of Representatives, Ms. Nkeiruka Onyejeocha, spoke on the state of facilities at the airports. IME AKPAN […]

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Senate hails Nigeria’s rating by World Bank

By Taiye Odewale Abuja The Senate has commended Nigeria’s giant improvement in the 2018 World Bank Ease of Doing Business index. It noted that its passage of the Secured Transactions in Movable Assets Act (otherwise known as Collateral Registry Act) and Credit Reporting Act, which was signed by then acting President Yemi Osinbajo, led to […]

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48th commonwealth parliamentary conference in retrospect

The 48th Commonwealth Parliamentary Association (CPA) Africa Region Conference held in Owerri, the Imo State capital made quite some resolutions, CHIDIEBERE IWUOHA, captures the details. Matching Visions with Actions: President Muhammadu Buhari, the Special Quest of Honour, who was represented by Vice President, Prof Yemi Osibanjo in the opening address charged members of the Commonwealth […]

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We’ve not cancelled $400m loan to Nigeria – AfDB

By Emeka Nze Abuja African Development Bank (AfDB) yesterday restated its continuous support for the federal government’s economic recovery efforts, denying reports it had cancelled a $400 million loan to Nigeria. Reuters news agency had reported that the Bank called off negotiations for a loan to Nigeria that was meant to help government fund its […]

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Osinbajo, Onnoghen, others for Reps’ economic summit

By Joshua Egbodo Abuja Vice President, Yemi Osinbajo, Chief Justice of Nigeria, Justice Walter Onnoghen, and Minister of Budget and National Planning, Udoma Udo Udoma, have been billed to grace the Legislative Economic Summit, organised by the House of Representatives. Also, Senate President, Bukola Saraki; Speaker of the House, Yakubu Dogara; Minister of Finance, Kemi […]

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Gold price rises 3.2% in Q3

South African Bullion Gold Report has shown that Gold experienced a “strong and fairly steadily rising” third quarter, with the price having increased by $40/oz, or 3.2%, in dollar terms. A one-year analysis indicated a 2.9% contraction in the gold price, while the three-year growth analysis showed a steady performance of 3%, as did the […]

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Canada’s 3rd largest mining IPO points to healthy investor appetite

By Ayoni Agbabiaka Abuja   On the eve of listing, Nexa Resources, spun out of Brazil’s Votorantim conglomerate, lowered the price of its initial public offering to $16 per share from the previously expected range of $18–$21 per share. Nexa, a major zinc producer with five operating mines in South America, raised just shy of […]

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FG pledges to support ICT hubs, innovators

The Minister of Communications Technology, Barrister Adebayo Shittu, has expressed the federal governments’ readiness to support Information Communications Technology (ICT) hubs and innovators in the industry to further boost the economy. The minister who said this yesterday during ICT start up ecosystem stakeholders meeting organised by the National Information Technology Development Agency (NITDA) held at […]

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Stakeholders, NCC meet on spectrum trading guideline

To further ensure adequate use of spectrum for broadband penetration in the country, the Nigerian Communications Commission (NCC) is putting finishing touches to a guideline on spectrum trading in the telecommunications industry. NCC explained that applicants that have been granted approval to trade in spectrum will be required to pay administrative fee of 1% of […]

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SEC arraigns Man over Capital market Identity scam

By Amaka Ifeakandu Lagos The zero tolerance stance on market infractions and fraud of the Securities and Exchange Commission (SEC), received yet another major boost yesterday when Mr. Oyekun Akinsemoyin was arraigned before the Ikeja magistrate court 1 on charges of conspiracy , forgery, fraud and impersonation contrary to sections 412, 380 and 368 of […]