Cardoso The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria and spent by the former President Muhammadu Buhari-led administration says it has uncovered some infractions in the in the …
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Trading Floor of NSE The Nigerian exchange declined by 0.40 per cent as investors reacted to the latest Consumer Price Index figures from the country’s statistics bureau. At the close of trade on Monday, the All-Share Index and the market …
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Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics. A breakdown of the data showed that in the first and second quarters of 2023, total imports stood …
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Port Harcourt Refinery he Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced from the Port Harcourt Refining …
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Comptroller Ben Nkem Oramalugo Trade facilitation in supply chain could mean many things in relations to professions and duties at hand. It has become one subject matter that is being overused and misused within the freight forwarding ecosystem. In this interview …
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The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use the excess savings that are expected to be made from the recent depreciation of the naira to fund deficit. This …
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The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing …
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The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March 2024 Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries has shown. Figures released by OPEC indicated that …
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Ten women with remarkable difference and impact have been nominated for recognition as Inspired Amazons to mark the 2024 International Women’s Day(IWD) by the MMS Woman of Fortune Hall of Fame(WoFHoF) Initiative, a non-profit organisation which has the Governing Council Chairperson as …
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Chief of Naval Staff, Vice Admiral Emmanuel Ogalla The Nigerian Navy has disclosed that it has acquired two high-endurance offshore patrol vessels from Dearsan Shipyard, Turkey, to boost maritime security. The Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, disclosed …
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President Tinubu The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Inc., to guide its forthcoming Eurobond issuance. It also appointed Standard Chartered Bank and the …
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A team of experts from the International Civil Aviation Organisation, the United Nations agency that regulates the global aviation industry, has arrived Nigeria to carry out security audits of the Murtala Muhammed International Airport, Lagos, and the Nnamdi Azikiwe International …
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The Senate President, Godswill Akpabio, has charged the panel members investigating the N30tn “Ways and Means” loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government not to leave any stone unturned, saying the panel must …
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The director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has handed the affairs of the regulatory agency to the Executive Director, Finance and Administration, Chudi Ofodile, following the expiration of his tenure. Jamoh handed over …
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DG, PENCOM, Aisha Umar The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission loaned N10tn to the Federal Government. The House of Representatives in October adopted a motion mandating its Committee on Pensions …
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Crude oil earnings by the Federal Government increased by about N449.93bn in the months of December 2023 and January 2024, an analysis of data in the latest reports on Nigeria’s oil production, on Sunday, showed. Although the Nigerian Upstream Petroleum …
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The Nigeria Governors Forum has said governors are implementing diverse strategies and measures aimed at resolving the ongoing economic challenges and food crises in their respective domains. The NGF also said the devaluation of the naira was fuelling food export …
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The three cement manufacturing companies listed on the Nigerian Exchange Limited improved their incomes by 30.65 per cent to N3.07tn in 2023. The financial statements of Dangote Cement, BUA Cement and Lafarge Africa for 2023 showed a revenue of N2.35tn …
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Professor Charles Ogbulogo The Vice-Chancellor of Maduka University, Enugu State, Professor Charles Ogbulogo, has said Nigeria’s blue economy holds great potential for the country and can contribute $1.5tn to the global economy if properly utilised. Ogbulogo, who was represented at …
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Chief Executive Officer, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo. Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon and Kenya from next month under the Guided Trade Initiative of the African Continental …
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