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Daily Archives: October 1, 2019

Government targets N300bn earnings from maritime sector

Government targets N300bn earnings from maritime sector

The Federal Government has declared its intention of enabling the maritime sector to contribute over N300 billion to the national coffers, through restoration of safety and security on the waters. The Minister of Transportation, Rotimi Amaechi, who disclosed this at ...

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Exporters shun N13bn facility at NEXIM Bank

Exporters shun N13bn facility at NEXIM Bank

Nigeria Export-Import Bank (NEXIM), has revealed that over N13 billion of Federal Government’s credit intervention for export and Small and Medium Enterprises (SMEs) have not been accessed. NEXIM, North West Regional Head, Waziri Albishir, made the revelation during a Non-oil ...

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National Theatre to get facelift, creative industry N22bn –Emefiele

National Theatre to get facelift, creative industry N22bn –Emefiele

The Central Bank of Nigeria and the Deposit Money Banks have disclosed their plans to transform the National Theatre at Iganmu in Lagos and make it a vibrant tourist centre. The CBN Governor, Godwin Emefiele, who disclosed this on Monday ...

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Gencos petition Presidency, NERC over admin charge

Gencos petition Presidency, NERC over admin charge

Power generation companies on Monday petitioned the Nigerian Electricity Regulatory Commission, the Presidency and other relevant  agencies of government over a recent administrative charge imposed on Gencos. In a letter dated September 30, 2019, addressed to the chairman of the ...

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Why Rivers acquired Shell’s 45% OML 11 –Wike

Why Rivers acquired Shell’s 45% OML 11 –Wike

The Rivers State Governor, Nyesom Wike, said on Monday that the state government decided to acquire Shell Petroleum Development Company’s 45 per cent stake in Oil Mining Lease 11 because it was in the best interest of the people of ...

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