The International Monetary Fund (IMF) has projected a 2.1 percent growth for Nigeria. This is after saying the economy of Nigeria is still vulnerable in spite of the country exiting recession. In a statement by Raphael Ranspach, the organisation’s media and press officer, IMF welcomed the federal government’s actions to improve the power sector and […]
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The Government of Ogun State has launched its locally produced rice with a market price of N11,500. While formally unveiling the rice produced and bagged in Ogun at the Asero Market in Abeokuta on Thursday; the state governor, Ibikunle Amosun, said the rice production would boost food supply, reduce dependency on imported ones while the […]
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The Nigeria Customs Service (NCS) says it generated a total revenue of N1.01 trillion in the 2017 fiscal year, the highest ever recorded by the agency. Joseph Attah, public relations officer, NCS, disclosed this during a media briefing at the agency’s headquarters in Abuja, on Thursday. According to him, the agency generated the record high […]
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The market indicators of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 0.52 per cent due to profit taking ahead of the Yuletide preparations. The News Agency of Nigeria (NAN) reports that the market capitalisation lost N71 billion to close at N13.445 trillion in contrast with N13.516 trillion posted on Monday. Also, the All-Share […]
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The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it released 300 trucks of petrol to Lagos and 170 to Abuja, to stem long queues at filling stations. NNPC Spokesman, Ndu Ughamadu, announced the release in a statement in Abuja. This followed the call-off of the strike by the Petroleum and Natural Gas Senior Staff […]
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Nigeria’s blockbuster movie “The Wedding Party 2-Destination Dubai,” has made over N73 million its opening weekend, its producers said. The News Agency of Nigeria (NAN) reports that the movie was released in cinemas across the country on Friday, December 15. This feat is now the highest ever in the Nigerian Box Office, breaking the N36 […]
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The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, on Monday announced the suspension of its planned nationwide strike after Neconde Energy Limited, an indigenous oil company, agreed to recall a disengaged staff member of the union. The National President of PENGASSAN, Francis Johnson, who announced the suspension of the strike, said it […]
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Segun Agbaje, the managing director/CEO of Guaranty Trust Bank (GTBank), is not a popular man. To many, he is aloof, too strait-laced, not your typical run-of-the-mill Nigerian. As one of Nigeria’s foremost bankers, he has a reputation for running a tight and efficient ship, is unflinching in his pursuit and recovery of loans from the […]
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The federal government said it will make the annual Calabar carnival a major foreign exchange earner for Nigeria. The Minister of Information and Culture, Lai Mohammed, said this on Sunday in Calabar while flagging off the third dry run of the 2017 carnival which has the theme ‘Migration’. He said that the carnival, which has united […]
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There seems to be hope of a blissful Christmas and New Year celebration for civil servants who are being owed salaries and allowances, as 27 states have collected their dues from the Paris Club Refund. It is expected that a large chunk of the funds will be used to offset arrears of workers’ salaries and […]
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