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FG committed to economic diversification — Shittu

By Benjamin orisemeke The Minister of Communications, Adebayo Shittu has said that the federal government will continue to formulate policies that will promote economic diversification. Mr. Shittu said this at

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World Bank forecasts 2.7% growth for sub-Saharan Africa in 2018

By Benjamin Orisemeke Multinational institution, World Bank has cut its growth forecast sub-Saharan Africa in 2018 from 3.1 per cent to 2.7 per cent. This represents a slight increase from

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FG raises gas flare penalty to $2 Per 1000Scf

By Benjamin Orisemeke The federal government has increased the penalty for gas flaring to $2 per 1,000 standard cubic feet of gas, SCF, from N10 per 1,000 SCF earlier imposed

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NNPC records N18.12bn trading surplus in May

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12 billion for the month of May, 2018. This is higher than N17.16 billion recorded in April. .

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Heed CBN’s advice on economy, Expert tells FG

By Benjamin Orisemeke, Abuja The Head of Banking and Finance Department of the Nasarawa State University, Prof. Uche Uwalake, has said that except the federal government heed the Central Bank

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MPC retains lending rate at 14% for 13th consecutive time

By Nasir Kura The Monetary Policy Committee (MPC) on Tuesday retained the Monetary Policy Rate (MPR) at 14 per cent for the 13th consecutive time. This was disclosed by the

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NANTS protests closure of 400 Nigerian-shops in Ghana

The National Association of Nigerian Traders (NANTS) have petitioned President Muhammadu Buhari and the Economic Community of West African States (ECOWAS) over the alleged consistent and repeated threats, intimidation and

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Nigerian govt sells N12.69bn printing, minting shares to CBN, BPE

By Ahmed Idris The federal government on Tuesday finalised process of selling its 21 per cent shares in the Nigeria Security Printing and Minting Company (NSPMC) valued at N12.69 billion

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President Buhari orders installation of rail facilities at ports

By Ahmed Idris President Muhammadu Buhari on Monday directed that ports in the country must have the complement of rail infrastructure to boost socio-economic activities. across the country. The President

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Emefiele elected chairman of sub-regional monetary zone

By Johnson Samson The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has been elected chairman of the West Africa Monetary Zone (WAMZ) at the ongoing sub-regional meeting in

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