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Daily Archives: January 1, 2019

2019 budget: Buhari to spend N1bn on travels, N98m on food

The Nigerian Code of Corporate Governance 2018

The Federal Government budgeted N1,001,318,171 for President Muhammadu Buhari’s local and international travels in the proposed 2019 budget. The budget proposes N250,021,595 for the President’s local trips and N751,296,576 for him to travel internationally. Meanwhile, N83,974,710 was budgeted for Vice-President ...

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Gencos: Nigeria’s Electricity Market Operating Without Contractual Terms

Gencos: Nigeria’s Electricity Market Operating Without Contractual Terms

Power generation companies (Gencos) in Nigeria have alleged that the Transitional Electricity Market (TEM) does not exist. The TEM was unveiled in 2015. The commercial interactions between operators were expected to be backed with contracts such as the Power Purchase ...

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Reforms Required to Sustain Macroeconomic Stability in 2019, Says LCCI

LCCI Laments 93% Increase In National Debt Under Buhari’s Regime

Given the challenging economic conditions the country is facing, the Lagos Chamber of Commerce and Industry (LCCI) has stressed that key policy reforms will be imperative to support and sustain macroeconomic stability. In a statement made available to media, the ...

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Labour Insists on Tuesday Protest over Minimum Wage

Labour Insists on Tuesday Protest over Minimum Wage

•Governors accuse NLC of blackmail The Nigerian Labour Congress (NLC) has said it will proceed with its protest scheduled for Tuesday following the failure of the federal government to make a clear commitment on the implementation of N30,000 minimum wage ...

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Investors’ interest in bellwethers lift NSE’s index by 1.27 per cent

Investors lose N113b in four trading days

Investors’ appetite for highly capitalised stocks brought the equities market to a bullish close on the last trading day of the year, as the All-Share Index (ASI) rose by 1.27 per cent. Yesterday, the ASI was rose 392.78 absolute points, ...

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Nigeria to renew oil blocks’ licences in Q1, says Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has announced that all oil blocks that are due for renewal would be approved by the first quarter of the year. He said the plan follows the early renewal policy that ...

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