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Tuesday, November 20, 2018

Nigeria records first strong GDP growth after recession

The Nigerian Bureau of Statistics (NBS) has reported that for the first time since Nigeria’s exit from recession, the Gross Domestic Product (GDP) has...

Dangote rallies NSE into black

Trading activities on the Nigerian Stock Exchange (NSE) sustained a postive growth on Friday, with Dangote Cement leading the gainers’ table for the second...

Nigeria, Russia to boost trade

Nigerian representative and Russia-Nigeria Council have met in Moscow where they resolved to strengthen bilateral trade and investment with the Russia Federation. Prof. Steve Ugbah,...

Loans for manufacturing, agric, other sectors at 9% : CBN issues guidelines

Agricultural, manufacturing  and the sectors considered as growth and employment stimulating,   can now borrow long term as much as N10billion at consolidated nine per...

Private sector borrowed N15.34 trillion in Q2

The total loans granted by Nigerian banks to the private sector declined by N600.60bn, from N16 trillion in the first quarter of 2017 to...

Buhari Administration, foundation to re-engineer economy – Tinubu

The National Leader of All Progressives Congress (APC), Asiwaju Bola Tinubu, says the Administration of President Muhammadu Buhari is the foundation for re-engineering and...

CBN says record $91 billion entered Nigeria in 2017

The Central Bank of Nigeria (CBN), said the aggregate foreign exchange inflow into the country stood at $91 billion in 2017, a record compared...

States owe FIRS N41bn tax – NEC

The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS)  N41 billion in Value Added Tax (VAT). Gov. Badaru Abubakar...

NNPC explains drop in gas supply

The Nigerian National Petroleum Corporation (NNPC) said drop in power generation could have been triggered by the continuous rejection of load by the distribution...

FG, States, LGs share N821.86bn in July

The Federation Account Allocation Committee, FAAC, has disbursed the sum of N821.86 billion to the three tiers of government in July, from the revenue...

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Oyo workers receive Sept., Oct. salaries

The Oyo State Government has disclosed that the September and October 2018 salaries approved by Governor Abiola Ajimobi has been paid to the state...

Africa world’s next big growth market

Africa will become the world’s next big growth market, akin to the Asian boom, McKinsey, a management consulting firm said on Tuesday. “While other geographies...

Jonathan, a true democrat – Buhari

President Muhammadu Buhari on Tuesday in Abuja hailed his predecessor, Dr Goodluck Jonathan, for voluntarily conceding defeat at the 2015 general elections, describing him...
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