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FG Optimistic Nigeria Will Exit Recession This Year

The federal government on Wednesday expressed optimism that the Nigerian economy was on the path of recovery, assuring the public that the country would crawl out of recession before the end of the year. Making this disclosure while briefing journalists at the end of the Federal Executive Council (FEC) in ...

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GE Partners Tony Elumelu Foundation On Lagos Garage

Leading multinational, General Electric (GE) and leading entrepreneurship organisation, The Tony Elumelu Foundation (TEF), have announced a partnership that would allow up to 25 Tony Elumelu EF Entrepreneurs to participate in a dedicated four-week advanced manufacturing training programme every year at GE’s Lagos Garage – a hub for advanced manufacturing-based ...

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Power Liquidity: FG To Commit N702 Billion To NBET To Meet Payment Obligations

In meeting its payment obligations to Generation Companies(GenCos), and solving  debilitating liquidity problem in the Power Sector,  the Federal Government has announced commitment of  N702 Billion to the Nigerian Bulk Electricity Trading (NBET) to enable it meet its payment obligations to Generation Companies (GenCos) on a more regular basis to ...

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Private jet, Armoured Cars Were Bought With Malabu Oil Deal ‘Bribes’- Report

Tens of millions of dollars was wired to buy a private jet and armoured cars in the US from the controversial $1.3 billion sale of OPL 245, the Sunday Observer of London has reported, quoting court documents. In the deal struck in 2011, only $210 million of the sum went ...

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Buhari Inherited A Bad Economy, Made It Worse – Soludo

A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, on Thursday said President Muhammadu Buhari had worsened the “very bad” economic situation he inherited when he assumed power in 2015. Soludo spoke at the ‘Big Ideas Podium’, a public policy debate organised by the Afri Heritage Institution ...

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FirstBank Partners Oyo State on Women Empowerment

FirstBank Nigeria in collaboration with  Oyo State Ministry of Women Affairs organised  a summit for the empowerment of women in the state on February 28, 2017. The summit which  was hosted by the wife of Oyo state Governor, Mrs. Florence Ajimobi with the chairman FBN limited Board of Directors, Mrs. ...

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Malabu Oil Scam: ENI Denies Any Wrongdoings

ENI, also known as the Nigeria Agip Exploration Limited, has said the transactions leading up to the auctioning of $1,616,690,656.78 Malabu oil block followed due process The board of directors of the oil firm made this known in a statement on Wednesday. ENI said that an independent US law firm had ...

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Xenophobic attacks: Militants threaten MTN, others as Obasanjo berates S’African leaders

A coalition of Niger Delta militants, on Wednesday, threatened to blow up Multichoice, owner of DSTV; MTN, Shoprite and 16 other major South African investments in Nigeria if the Federal Government failed to shut them down within one month. The militant groups, who were reacting to the xenophobic attacks on ...

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LADOL, World Business Leaders Plot Africa’s Benefits In $12trn Global Economic Development

The Lagos Deep Offshore Logistics base (LADOL), has joined notable world business promoters in mapping out strategies to actualize how Africa could effectively reap a whopping $1 trillion from a projected $12 trillion new market value in an emerging global economic system. The projected $12 trillion economic developing plan evolved ...

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Naira Further Gains As CBN Pumps In More Dollars

The naira on Monday continued to strengthen against the dollar and other major currencies, gaining N10 to exchange at N450 to a dollar at the parallel market. The pound sterling and the euro exchanged at N560 and N470. At the bureau de change (BDC) window, the naira sold at N399 ...

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