Nigeria’s economy will grow faster than that of South Africa in 2017, this is according to the International Monetary Fund (IMF). This is a reverse from the fund’s earlier projection in July that South Africa’s economy will grow by 1% in 2017 while Nigeria will experience a 0.8% economic expansion. Speaking on Tuesday during the […]
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NIGERIA – President Muhammadu Buhari in a letter sent to the senate, asked the latter to approve a loan of $5.5 billion to fund the 2017 budget. The president also said the 2017 budget had a deficit of N2.356 trillion. “Implementation of the external borrowing plan approved in the 2017 appropriation Act. External borrowing to […]
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The Nigerian National Petroleum Corporation (NNPC) has denied the report that it kept funds in some commercial banks, rather than remitting into the treasury single accounts (TSA) as directed by the federal government. In a statement by Ndu Ughamadu, its group general manager, group public affairs division, the corporation described the allegation as not only […]
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Kogi House of Assembly on Thursday, approved for the State Government to secure N4.017 billion loan for the establishment of a 50-ton rice mill at Omi-Dam, Yagba. The News Agency of Nigeria (NAN), reports that the approval was sequel to the adoption of a letter from the Executive, seeking a resolution of the House in […]
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The Peoples Democratic Party (PDP) has expressed shock over the silence of President Muhammadu Buhari on the petition of Ibe Kachikwu, minister of state for petroleum resources, noting that the allegations are “too grave to be swept under the carpet” Kachikwu had accused Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), […]
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President Muhammadu Buhari has presented Mrs Aishah Ahmad to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). The President’s Special Adviser on Media and Publicity, Mr Femi Adesina, announced this in a statement on Thursday in Abuja. According to the presidential aide, Ahmad is to replace a former Deputy […]
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The Independent National Electoral Commission (INEC) has fixed July 14, 2018 for Ekiti state gubernatorial election, while Osun state governorship election is slated for September 22, 2018. The electoral umpire has also fixed April 15, 2018 for the commencement of campaigns in Ekiti state, and June 24, 2018 for Osun state election. This was disclosed […]
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Senate President Bukola Saraki on Thursday saved the request by the executive for virement of N135 billion from the 2017 budget to execute certain priority projects. When the request for virement came up for consideration at plenary, many of the senators kicked against it, describing the request as “unconstitutional”. However, Saraki pleaded with his colleagues […]
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Paul Otasowie, a professor in the department of electrical and electrical electronics engineering at University of Benin, Edo state, was reportedly killed by suspected gunmen on Wednesday evening. University of Benin spokesman, Michael Osasuyi, told PUNCH that Otasowie was shot dead by the armed men in front of his residence on Ekehuan road in Oredo local […]
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Following the commencement of their partnership, Emirates and flydubai today announced that Emirates will expand its network to 29 flydubai destinations across three continents. The new partner network, through its codeshare, will offer greater frequency and easier access to more global destinations with the advantage of connecting baggage to the final destination. Passengers can book […]
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