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FEC okays port facilities for Badagry

By Abdulrahman Abdulraheem The Federal Executive Council on Wednesday  approved the development of greenfield port facilities in Badagry, Lagos State. Minister of Power, Works and Housing, Babatunde Fashola made this

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Dangote refinery confirms Lagos as prime investment destination – Ambode

Lagos State Governor, Akinwunmi Ambode on
Tuesday said the largest single line refinery in the world
being developed at the Lekki Free Trade Zone (LFTZ)
by Alhaji
Aliko Dangote is another confirmation that Lagos

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WorldRemit calls for urgent restoration of money transfers to Nigeria

WorldRemit a leading online remittance provider, is calling for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators (MTOs) unable to provide

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Cash-strapped Osun orders butchers to pay N700 on each slaughtered cow in state

As part of measures to raise its internally-generated revenue, the Osun State Government on Monday announced that butchers in the state would henceforth pay N700 as levy for every cow slaughtered for sale in the state.

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FG takes over Ajaokuta Steel Complex

The Federal Government has taken a major step in the resuscitation of the Ajaokuta Steel Complex and the Nigeria Iron Ore Mining Company (NIRONCO), Itakpe, both in Kogi state. The

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FG seeks US support to attract investors

The Federal Government has called on the U.S. to 
support Nigeria to attract more investors into the
country.
 Hajiya Aisha Abubakar, the Minister of State for
Industry, Trade and Investment, made the

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MTN appoints advisors on proposed Nigeria market listing

Telecoms giant, MTN Nigeria has taken the first step towards getting listed on the Nigerian Stock Exchange. The company on Thursday
appointed Stanbic IBTC Capital
Limited and its affiliates as
transaction advisors to

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Naira stable against dollar as CBN meets over economy

The Naira on Monday remained stable at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency maintained N378 to the dollar at the close of trading on Monday afternoon, keeping same value

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NDIC urges strict sanctions for non- performing insider loans

The Nigeria Deposit Insurance
 Corporation, NDIC, has expressed concern over the increasing
figure of non-performing insider
loans in banks.
The corporation has therefore directed
banks to impose strict sanctions
on defaulters.
According to  a statement
issued on

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FG, states, LGs share N559bn for June

The Federal, States and Local Governments on Thursday shared N559.032 billion as revenue for June  2016. This figure represents an increase of  N253.904 billion from the N305.128 billion shared for

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