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…Regrets cocoa sector neglect

 President Muhammadu Buhari has expressed regrets over the neglect of the cocoa sector over the years, saying his administration would work to re-position it and other non-oil export commodities. Buhari said this yesterday at the First International Cocoa Summit organised by the Federal Ministry of Trade and Investment in collaboration with Cocoa Association of Nigeria […]

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BoI vows to recover N8bn debt

Bank of Industry  (BoI) has vowed to recover the about N8 billion debt owed it by 53 “recalcitrant debtors.” Speaking before the House of Representatives Committee on Public Accounts in response to a query from the Auditor General of the Federation’s 2015 report, Managing Director of the Bank, Olalekan Pitan, said the recovery drive had already […]

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IGR: How Kogi recorded over 300% increase in two years – Chairman

Alhaji Oseni Yakubu is the Executive Chairman, Kogi State Inland Revenue Services (KGIRS). In this interview, he discusses the professionalisation of the organisation and strategies adopted to block revenue leakages. DAVID AGBA reports The Internally Generated Revenue profi le of Kogi state has continued to rise as a result of the professionalization of the state’s […]

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FG preparing fresh policies to revive housing sector

Th e federal government has reiterated its commitment to restructure and revitalise the housing sector with a view to cutting down on the current 17 million housing defi cit and ensure that Nigerians have aff ordable houses. Th e government said it intends to revitalise the sector through repositioning in policy and structure adding that […]

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FG spends 70% revenue on remuneration – Osinbajo

At the recent Nigerian Bar Association 2017 Annual General Conference in Lagos, CNN’s ZAIN ASHER takes on Vice President Yemi Osinbajo on issues bordering on governance and its challenges, the anti-corruption war of the administration and above all, eff orts at sanitising the nation’s economy among others. Achievements of this Administration I think the single […]

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Ahmed cautions religious, political leaders on hate speech

Kwara state Governor Abdulfatah Ahmed, has cautioned religious and political leaders in the state against hate speeches and incitements. Th e governor, who handed down the warning yesterday during a stakeholders meeting with various religious, political, labour leaders and members of security and executive councils, cautioned against utterances which could overheat the polity. While emphasising […]

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Reducing Africa’s aid dependency

In view of Donald Trump Administration’s cut in the amount of aid that goes to Africa, AWAAL GATA suggests ways through which the continent could wean itself from aid dependency Right from when he started campaigning to become the President of the United States of America, (USA) Donald Trump assured that as a President he […]

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Accurate data crucial for inclusive devt, growth – Lagos

  Lagos state government yesterday underscored the importance of accurate data to adequate planning which is necessary to bring about inclusive development and growth in all sections and sectors. Speaking while receiving a delegation from the Nigerian Statistical Association (NSA) on behalf of the state government on a courtesy visit, the Commissioner for Establishment, Training […]

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Sokoto pays UNICEF N1.8bn counterpart funds

Sokoto state Governor, Aminu Waziri Tambuwal, said the state government has paid N1.8 billion as counterpart funds on initiatives entered into with UNICEF to boost basic education, healthcare delivery and sanitation in the state. The governor, who stated this yesterday in Sokoto, while declaring open the three-day workshop on  Advocacy and Community Engagement (ACE), said the […]

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Equity market sheds 1278.04 bp Stories

Transactions on the fl oor of Nigerian Stock Exchange last week closed in negative trend as investors sustaied profi t taking. Specifi cally, Market Capitalization depreciated of listed equities sheds N1.04 billion to N12.126 trillion from N13.166 trillion traded the previous week. Th e NSE All Share Index declined by 1278.04 basis point to 36920.56 […]

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Heritage Bank to sponsor fourth entrepreneur TV Show

In its eff ort to boost e n t r e p r e n e u r s h i p development and curb the high level of unemployment in the country, Heritage Bank Plc will be sponsoring the fourth season of “Th e Next Titans,” a Nigerian entrepreneurial Reality TV Show. Th e […]

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CSO hails CBN anchor borrowers impacts on agric

Th e Coalition of Civil Society Groups (CCSG) has commended the positive impacts of the Central Bank of Nigeria’s (CBN) anchor borrowers programme on the country’s economy through the agricultural sector. Th e coalition said the programme’s guideline has now made provision for cotton, roots and tubers, sugarcane, tree crops, legumes, tomato’s and livestock is […]

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US team begins NCAA audit

A team from the United States Federal Aviation Administration (FAA) has begun an assessment of the Nigerian Civil Aviation Authority (NCAA). A four-member team led by Louis Alvarez arrived in Lagos yesterday to carry out the auditing which commences today, August 21. Th e other members are operations specialist, L. P. Vanstory, airworthiness specialist, Benjamin […]

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JEDCO hailed for improved power supply in Bauchi

Jos Electricity Distribution Company (JEDCO) has been commended for the significant improvement of power supply in Bauchi in recent time.   A Media Consultant, Alhaji Ibrahim Jirgi, who is the Managing Director of Triple Cee Media Limited, Abuja, gave the commendation yesterday while speaking with newsmen in Bauchi on the activities of the company.   […]

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We’re yet to audit TSA -Auditor-General

Auditor General of the Federation, Mr. Anthony Ayene, has disclosed that the Treasury Single Account (TSA)  was yet to be audited by his office, since two years of commencement of the scheme, explaining that it was so because it was an ongoing policy. Ayene made the disclosure yesterday at an interactive session with the House […]

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NNDC, Turkey firm mull $15m investment on KTL

New Nigerian Development Company (NNDC) and Turkey-based, SUR Company, held extensive discussions at the weekend centered on a $15 million partnership to resuscitate the Kaduna Textiles Limited (KTL). The textile company, owned by the 19 Northern states, has been moribund since the 1990s following its inability to meet up with rising costs of production coupled […]

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FIRS, JTB share data of high income earners

Th e Joint Tax Board (JTB) and the Federal Inland Revenue Service (FIRS) have started sharing data of High Networth Individuals to profi le income earners and taxpayers in order to get them pay appropriate taxes. 12 states have signed the Memorandum of Understanding under the Voluntary Assets and Income Declaration Scheme (VAIDS). Th e […]

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Lagos closes N85.14bn bond issuance

Lagos state government yesterday announced the closure of the N85.14 billion Series 2 Bond Issuance, targeted at physical and social infrastructure development. The Commissioner for Finance, Akinyemi Ashade, said in a statement in Lagos that the bond was issued in two tranches. Ashade said tranche 1 would be N46.37 billion at 16.75 per cent, adding […]

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Osinbajo declares Niger investment summit open today

Acting President, Prof. Yemi Osinbajo, will today pay a oneday offi cial visit to Niger state. A statement issued He will be joined by former President Olusegun Obasanjo, immediate past military head of state, General Abdulsalami Alhaji Abubakar and Governor Abubakar Sani Bello to fl ag off Niger State Investment Summit holding in Minna, the […]

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Buhari values relationship with China – Presidency

Th e Presidency has stated that the relationship between Nigeria and China “is one that President Muhammadu Buhari cherishes and values highly.” Special Adviser to the President on Media and Publicity, Mr. Adesina Adesina, disclosed this when he received the Vice Minister of Information of State Council, People’s Republic of China, Mr. Guo Weimin, who […]

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Kano, Dangote, Rhino Group sign $150m pact on Power

By Bashir Mohammed Kano Kano state government, Dangote Group of Companies and Black Rhino Group, yesterday in Kano, signed a $150 million Memorandum of Understanding on Solar Power project. On completion of the project, within 24 months target, the independent power project, is expected to generate 100 mega watts of electricity, not only to industries, […]

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Economic growth: BCM to disburse N26 billion on Agriculture, SMEs

By Adeola Tukuru Abuja Th e Bankers Committee Meeting yesterday affi rmed that the sum of N26billion will be disbursed in the newly inaugurated board on Agriculture and Small and Medium Scale Enterprises (SMES) to support the growth in the economy. Th e BCM comprising of all the banks across the country also said all […]

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Equity market returns to bearish trend

By Amaka Ifeakandu Lagos Trading activities on the fl oor of Nigerian Stock Exchange (NSE) yesterday returned to bearish trend as profi t taking hit the market. Market Capitalisation of listed equities declined by N14 billion to N13.133 trillion from N13.147 trillion traded the previous day. Also NSE All Share Index depreciated by 41.53 basis […]

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Jigawa sets aside N21.3bn Paris Club Fund for projects execution

Bayo Alabira Dutse Jigawa state government has set aside N21.3 Billion fi rst and second tranches of the Paris club refund for the on going and future projects across the state. Speaking to reporters yesterday in Dutse, the state commissioner of fi nance, Umar Namadi said in December, 2016 the sum of N14.2 Billion released […]

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We‘ll continue to support SMEs for sustained devt, says Wike

Iyalla Adaye Port Harcourt Rivers State Governor, Nyesom Ezenwo Wike has stated that his administration will continue to support Small and Medium enterprises (SMEs) for the sustained growth of the state’s economy. He also called on politicians to work towards developing their respective communities instead of perpetually playing politics. Speaking when he granted audience to […]