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Winini Winihin

Winini Winihin

Mrs. Winihin Ayuli-Jemide is a leading advocate of research on women in business and government. As a Lagos-based entrepreneur and former lawyer, Winihin wants Nigerian women to think bigger and to invest in areas such as oil and gas. She ...

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BEARS: CVFF: APC’s Money Bag?

BEARS: Strike Palava

The problems associated with the non-disbursement of Cabotage Vessel Finance Fund (CVFF) vary depending on who you ask. The Minister of Transport, Hon. Rotimi Amaechi insists that modalities must be put in place to ensure recipients of the fund don’t ...

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Manufacturers hope on Nigeria-China currency swap to reduce costs

Manufacturers hope on Nigeria-China currency swap to reduce costs

Manufacturers have expressed the hope that the proposed currency swap between Nigeria and China will go a long way in reducing their cost of doing business. Specifically, textile manufacturers are optimistic that importing raw materials from China with the Chinese ...

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Osinbajo advises states against raising IGR at all costs

Osinbajo advises states against raising IGR at all costs

…says FG saving N4bn monthly on bank charges Vice-President Yemi Osinbajo on Thursday advised state governments not to fall into the temptation to prioritise raising Internally Generated Revenue at all costs. He said if such was done in a way ...

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Nigeria Spends N288bn on Fish Importation Annually

Nigeria Spends N288bn on Fish Importation Annually

Following ongoing effort by the federal government to diversify the nation’s economy, it has emerged that Nigeria can save over N288 billion ($800 million) being spent on the importation of fishes annually, if the nation’s deep ocean resources are optimally ...

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Shippers’ Council Donates Bus To Nigeria Maritime Law Association

Shippers’ Council Donates Bus To Nigeria Maritime Law Association

The Nigerian Shippers’ Council (NSC) has donated Innoson IVM 5000 18-seater bus to Nigeria Maritime Law Association (NMLA). The Executive Secretary and Chief Executive Officer of the Council, Mr. Hassan Bello while handing the key of the vehicle to the ...

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Why some NNPC mega stations are shut – NNPC

Why some NNPC mega stations are shut – NNPC

Nigeria’s state oil firm, NNPC, on Wednesday gave reasons why some of its mega filling stations in Abuja and environs have been out of service for almost two months now. The spokesperson of the corporation, Ndu Ughamadu, told media source ...

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FAAC Begins Talks on Review of Revenue Formula

FAAC Begins Talks on Review of Revenue Formula

FG, states, LGs share N701bn for April The Federation Accounts Allocation Committee (FAAC) has begun talks with stakeholders on the review of the current revenue allocation formula between the federal, state and local governments. Under the current sharing formula, the ...

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HoS plans salary increase, others to boost civil service

HoS plans salary increase, others to boost civil service

The Head of the Civil Service of the Federation, Mrs. Winifred Oyo-Ita, on Wednesday announced plan to ensure that the nation’s civil service was efficient, productive, incorruptible and citizen-centred. Oyo-Ita unfolded the strategy at a sensitisation workshop on the 2017-2020 ...

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Fidelity Bank Unveils Initiative to Unlock N500m Funding for SMEs

Fidelity Bank Unveils Initiative to Unlock N500m Funding for SMEs

Fidelity Bank Plc has concluded plan to organise a fair that is expected to provide an opportunity for operators of small and medium scale enterprises (SMEs) to meet with viable financing organisations. The bank estimated that the initiative would provide ...

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Tanker explodes, injures resident in Victoria Island

A fuel tanker yesterday caught fire and sent some parts of Victoria Island, Lagos State into panic on Tuesday. A resident was badly injured when the tanker exploded on Younis Bashorun Street, off Ajose Adeogun, Victoria Island. The explosion also ...

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Stakeholders tackle customs over multiple cargo examination

BEARS: Inefficient Nigerian Seaports

•Apapa command insists on right to operate at gate •NPA faults action, says it’s against Ease of Doing Business Irked by the challenges of multiple cargo clearance at seaports, maritime stakeholders have berated the Nigeria Customs Service (NCS) for posting ...

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‘Belt and Road’ Spurs Chinese Companies to Seek Investment Opportunities in Nigeria

‘Belt and Road’ Spurs Chinese Companies to Seek Investment Opportunities in Nigeria

As part of their commitment to China’s Belt and Road initiative, which seeks to promote a shared prosperous future for humanity, a number of multinational companies in central China have announced their desire to invest in the Nigerian market. These ...

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Tribunal Overrules FCMB in N2.5bn Debt

Tribunal Overrules FCMB in N2.5bn Debt

The Investments and Securities Tribunal (IST) sitting in Abuja has finally resolved a decade-long cyclical dispute between a stock broking firm, Valueline Securities and Investments Ltd and First City Monument Bank Plc (FCMB) over the repayment of N2.5 billion shares ...

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Sanusi: Regional Cooperation, Structural Reforms Key to EconomicTransformation

Sanusi: Regional Cooperation, Structural Reforms Key to Economic Transformation

Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, the Emir of Kano, Muhammadu Sanusi II has said. The former Governor of the Central Bankof Nigeria (CBN) ...

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Experts fear investment losses as PIGB suffers setback

Experts fear investment losses as PIGB suffers setback

As the harmonised Petroleum Industry Governance Bill (PIGB) is yet to get to the desk of President Muhammadu Buhari for assent, expert feared the current delay might lead to more investment losses in the oil and gas sector. Nigeria Extractive ...

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IMF doubts Nigeria’s capacity to repay debts

IMF doubts Nigeria’s capacity to repay debts

The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilise more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue ...

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FG, others plan N1.7tn investment in Niger Delta

FG, others plan N1.7tn investment in Niger Delta

The Federal Government on Monday announced that about N1.7tn would be invested by various stakeholders in the Niger Delta between this year and 2021. It said the fund would be spent on the development of the region, adding that about ...

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Investor to provide $10bn for Nigeria’s speed rail projects

Investor to provide $10bn for Nigeria’s speed rail projects

A United States-based investor, Ameri Metro Incorporation, on Monday declared its readiness to provide $10bn for the construction of speed rails in Nigeria. The firm told the Federal Government that it had the capacity to fund rail projects across the ...

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Industrial revolution: Govt must play key roles, says Adesina

Industrial revolution: Govt must play key roles, says Adesina

The President, African Development Bank, Dr. Akinwumi Adesina, has advised governments on the continent to create the right environment for an industrial revolution. Adesina, according to a statement by the AfDB, gave the advice at the 53rd meeting of the ...

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