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Business & Economy
No money missing from federation account – AuGF
THE Auditor-General for the Federation, Adolphus Aghughu, has said that no money was missing from the Federation Account.
Aghughu disclosed this in a statement today by Eme Oqua, Head…
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NNPC to get new name in six months — Kyari
THE Group Managing Director of the Nigerian National Petroleum Corporation Mele Kyari has disclosed that plans are already on the way to transit to a new company in the next six months.…
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FG approves $11.17bn rail project in Nigeria
THE Federal Executive Council (FEC) has approved the release of $11.17billion for a rail project in the country.
The Minister of Information and Culture, Lai Mohammed, disclosed this…
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Buhari authorizes a 143 billion naira return to five states
According to Engr. Abubakar D. Aliyu, the Buhari administration is reimbursing five states for the cost of reconstructing Federal highways.
Abubakar Aliyu, Minister of State for Works…
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FG barred from borrowing unclaimed dividends, dormant funds
A FEDERAL High Court in Abeokuta has issued an interim order barring the Federal Government from accessing unclaimed dividends of capital market shareholders worth more than N200…
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DPR hints at fuel price hike to N1,000 per litre
THE Department of Petroleum Resources (DPR) yesterday suggested a possible increase in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol to N1,000 per litre.
The…
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World Bank commends Gov Bello over refund of $4.63m project funds
The World Bank has commended Governor Yahaya Bello for refunding $4.63 million surplus funds under the Nigeria Erosion and Watershed Management Project (NEWMAP).
In a letter of…
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Nigeria to borrow another N5.62 trillion to finance 2022 budget
President Muhammadu Buhari has submitted a borrowing plan of N5.62 trillion for next year to the Senate for approval, bringing the country’s total debt to N38.7 trillion.
The nation’s…
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Leather can boost Nigeria’s earnings by 70%, says Osinbajo
VICE-PRESIDENT Yemi Osinbajo has forecasted that the leather products industry will generate more than $1bn by 2025.
Osinbajo said it would also create over 700,000 jobs for Nigerians.…
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How Nigeria’s economy is being milked – Osinbajo
VICE-PRESIDENT Yemi Osinbajo says poorly negotiated agreements and poor monitoring by government officials are the prominent causes of financial losses by nations.
Speaking at the…
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