The Federal Government on Tuesday provided some clarifications on the $2.689 billion Paris Club refund approved for the 36 States of the Federation. The statement by the Federal Ministry of Finance was however silent on the controversies surrounding its alleged recent additional but discriminatory release of over N16 billion to Osun State Government where governorship […]
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• How non-passage of petroleum bill stalls sector’s outlook The delay in the award of new oil blocks and uncertainties over existing marginal oilfields are upsetting industry players, amid a warning that the country’s economic development could be jeopardised. Nigeria is projected to witness a shortage of crude oil, as new refineries may have to […]
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Finance Minister, Mrs Kemi Adeosun – says revenue highest in year’s 2nd quarter since 2014 third quarter The Federal, States and Local Government Areas shared N3.95 trillion from the Federation Account within the first half of this year, the Nigeria Extractive Industries Transparency Initiative (NEITI) announced this on Monday, in its latest edition of Quarterly […]
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The use and sale of counterfeit and substandard mobile phones in Nigeria’s telecommunications space have been increasing to the extent that it has become a menace. Simply put, counterfeiting means copying an original item, especially consumer products, with the intent of deceiving or defrauding the buyers. Consumers are constrained by ignorance and sometimes; inability to […]
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By Cheta Nwanze, Contributor How should we define the role of policymakers in improving the efficiency of the economy’s primary participants? Here are lessons from the first time business had a definitive say in politics. Recently, a journalist a journalist friend of mine obtained an internal memo sent by one of the new-generation banks to […]
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– say policies, reforms implementation needed urgently Market operators have stressed the need for the Federal Government to step up the implementation of various policies and reforms needed to boost economic growth and ultimately avert another round of recession in the country. The call came as South Africa- Africa’s second largest and most industrialised, this […]
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Research highlights need for urgent policy measures Besides the shallow trend of Nigeria’s economic diversification, the trade war between the United States (U.S.) and China is increasing its susceptibility to shocks, given that domestic growth in oil and gas sector remains pressured in the last six months. The trade war, according to FXTM’s research analyst, […]
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• N800bn interbank net inflow expected The Central Bank of Nigeria, CBN, said it will issue fresh treasury bills, TBs, worth N1.02 trillion in the fourth quarter of this year to replace maturing TBs of the same amount during the quarter. The apex bank disclosed this in its TB issuance programme for the fourth quarter […]
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– targets planting at least one million seedlings, raising 5, 000 modern cocoa farmers – CAN wants government to produce one million tonnes yearly Ondo State Governor, Arakunrin Oluwarotimi Akeredolu SAN, has said the Cocoa Rebirth Initiative of his administration is gradually and consistently addressing the production and distribution of improved cocoa varieties with early […]
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– 45 consultants already on the field, working – Government says multipurpose facility will decongest Lagos ports – open up Ondo to mainstream global businesses – unlock state potentials for international patronage Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, has assured that the proposed multipurpose Deep Sea Port in the state would open up the state […]
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