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Why 2020 budget may suffer delay

Budget: Buhari plans massive development, works gets lion’s share

• Senate yet to get medium-term expenditure framework • Vows action on petroleum bill, insecurity • Experts disclose ways to improve nation’s fiscal plan The Senate yesterday said it was yet to receive a draft copy of the Medium-Term Expenditure ...

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Navy arrests suspected smugglers, seizes 1,072 bags of rice, others

Navy arrests suspected smugglers, seizes 1,072 bags of rice, others

The Nigerian Navy (NN), Forward Operating Base (FOB), Ibaka, in Mbo Local Council of Akwa Ibom State, has vowed to take the fight against smuggling in the riverine area of the state to the communities.Commanding Officer, FOB, Captain Peter Yilme, ...

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Production growth slows in September, says CBN

FG’s domestic debt rises by N1.26tn

Production and employment levels and raw materials inventories grew at a slower rate, while new orders and supplier delivery time grew at a faster rate in September 2019. The Central Bank of Nigeria disclosed this in its Purchasing Managers’ Index ...

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Nigeria lost N3.6tn to non-oil exports — NEXIM

Exporters shun N13bn facility at NEXIM Bank

Nigeria has lost about $10bn (about N3.6tn) over the past five decades in non-oil export opportunities in crops such as cocoa, oil palm, cotton and groundnut alone. The Managing Director/Chief Executive Officer, Nigeria Export-Import Bank, Mr Abubakar Bello, disclosed this ...

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CBN sanctions four banks for money laundering, others

CBN opposes MTN over mobile banking transaction access

The Central Bank of Nigeria and Financial Reporting Council of Nigeria sanctioned four commercial banks between January and June for various infractions, our correspondent has learnt. It was learnt that the apex bank imposed a number of sanctions on the ...

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Again, DisCos at loggerheads with TCN over transmission infrastructure

Again, DisCos at loggerheads with TCN over transmission infrastructure

Inefficiency causes 5,300 interruptions, 100 systems collapse in 6yrs Electricity distribution companies under the umbrella of Association of Nigerian Electricity Distributors (ANED), yesterday, insisted that the inefficiency in electricity transmission infrastructure in the country remain a critical challenge to the ...

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Investors want government to remove taxes on investments to promote savings

Investors want government to remove taxes on investments to promote savings

The prevailing high tax regime in the country has come under fresh criticism, as investors have called on the Federal Government to remove the various taxes imposed on investment in the capital market, stating that such levies and taxes are ...

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FG reiterates plans to reduce stake in oil JVs to spur growth

FG reiterates plans to reduce stake in oil JVs to spur growth

Minister of State for Petroleum Timipre Sylva has reiterated the Federal Government’s resolve to reduce its stake in the joint venture oil business with foreign companies in a bid to spur more foreign investment in Africa’s largest oil producer. Sylva ...

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CBN targets 70,000 farmers under anchor borrowers’ scheme in Borno

CBN targets 70,000 farmers under anchor borrowers’ scheme in Borno

He said that the apex bank adopted practical measures to finance the whole value chain to encourage agricultural activities, enhance enterprising skills and specialisation to achieve self-sufficiency. Nyako listed the programmes to include ABP, Accelerated Agriculture Development Scheme (AADS), Agriculture ...

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Lagos Port Crisis: Customs Accuse Presidential Taskforce Of Complicity

Lagos Port Crisis: Customs Accuse Presidential Taskforce Of Complicity

* Preferential treatment isn’t corruption – Taskforce By Kenneth Jukpor Despite blatant denial of any form of corrupt practices by the Presidential Taskforce saddled with the onus of freeing Lagos port access roads, Nigerian Customs Service (NCS) has accused the ...

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AfCFTA: Nigeria Needs To Unlock Maritime Potentials

AfCFTA: Nigeria Needs To Unlock Maritime Potentials

The Secretary-General, Abuja Memorandum of Understanding (MoU) on Port State Control for West and Central African region, Barr. (Mrs.) Mfon Usoro has admonished Nigerian government not to neglect maritime potentials in view of the African Continental Free Trade Agreement (AfCFTA). ...

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Eastern Ports Viability: House of Reps, Shippers’ Council Demand 30% NPA Waivers

Eastern Ports Viability: House of Reps, Shippers’ Council Demand 30% NPA Waivers

·  Why Calabar port can’t benefit from NPA waivers ·  Corruption, mediocrity results of NCAA’s copious tasks By Kenneth Jukpor & Okuneye Moyosola In a bid to increase patronage of seaports in the Eastern part of the country, the House ...

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Gbemiscious Gbemi

Gbemiscious Gbemi

Gbemisola Ruqayyah Saraki is the Minister of State Transportation of the Federal Republic of Nigeria and former senator who was elected to represent the Kwara Central Senatorial district. Despite her subtle and charming looks, Gbemi is known for her doggedness. ...

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BEARS: Port of ‘Debris’

BEARS: Port of 'Debris'

The photo above is the entrance to Nigeria’s premier port, Lagos Port also known as Apapa port. This was how beautiful it looked on Wednesday morning, last week. This port generates over N35billion monthly for just the Nigeria Customs Service ...

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BULLS: Amaechi ‘Mr. Punctuality’

Government targets N300bn earnings from maritime sector

The Minister of Transportation, Hon. Rotimi Amaechi has calved a niche for himself in the Transport sector as ‘Mr. Punctuality’. You can bet to find him at all meetings several minutes before kick-off time as he is hardly tardy. On ...

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New Dawn For Nigeria’s Cashless Policy

New Dawn For Nigeria’s Cashless Policy

  Following the Central Bank of Nigeria (CBN) circular which stipulated imposition of charges on deposits in addition to already existing charges on withdrawals, Nigerians have been in awe, just as economic experts have been singing varying tunes in interpretation ...

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Nigeria Ports And The Mystery Of Scanners

Nigeria Ports And The Mystery Of Scanners

By Kenneth Jukpor Despite Nigeria’s hope to emerge hub port in the West and Central Africa sub-region, cargo examination is subjected to 100% physical examination at all ports as well as border posts in the nation. The problem has led ...

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Nigerian Exporters Need Training To Meet Global Standards – Udofia

Nigerian Exporters Need Training To Meet Global Standards - Udofia

By Kenneth Jukpor Mr. Ofon Udofia is the Executive Secretary/ Chief Executive Officer of the Institute of Export Operations and Management (IEOM). In this interview with MMS Plus, he harps on the crucial place of training in developing Nigerian exporters ...

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Why Implementation Of Aviation Safety Recommendations Is Pertinent

Why Implementation Of Aviation Safety Recommendations Is Pertinent

By Okuneye Moyosola The importance of Nigerian Civil Aviation Authority (NCAA) and the Accident Investigation Bureau (AIB) to the aviation industry cannot be over emphasized as they both play crucial roles in ensuring safety in the aviation industry. The AIB ...

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Telcos Decry Abuja Land Restriction, Seek Intervention

Telcos Decry Abuja Land Restriction, Seek Intervention

Telecom operators under the aegis of Association of Licensed Telecommunication Operators of Nigeria have decried the inability to build new telecom infrastructure in Abuja due to land permit restriction. The leadership of ALTON led by its Chairman, Gbenga Adebayo, and ...

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