IMF sees hope in Nigeria’s economic recovery plan

IMF sees hope in Nigeria’s economic recovery plan

The International Monetary Fund (IMF) has expressed confidence in the efforts taken by the Federal Government to resuscitate the country’s economy. The IMF expressed this confidence in a document obtained by the News Agency of Nigeria (NAN), through the Executive...
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Economic Recovery Plan: FG to grant incentives to investors

Economic Recovery Plan: FG to grant incentives to investors

The Federal Government will grant incentives to encourage investment in the priority sectors listed in the recently released Economic Recovery and Growth Plan. The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, said in a statement signed by...
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Fiscal federalism true solution to Nigeria’s problems, says ex-Gov. Attah

Fiscal federalism true solution to Nigeria’s problems, says ex-Gov. Attah

                  Chief Victor Attah, former governor of Akwa lbom State Chief Victor Attah, a former Governor of Akwa Ibom, says the practice of fiscal federalism is the panacea to the myriad of...
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NSE foreign investment inflows drop to N16.10bn in February

NSE foreign investment inflows drop to N16.10bn in February

The Foreign Portfolio Investment (FPI) inflows on the Nigerian Stock Exchange (NSE) dropped to N16.10 billion in February as against N22.61 billion recorded in January, 2017. NSE made this known in its domestic and foreign portfolio participation in equity tr...
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Harness your entrepreneurial skills, US tells young Nigerians

Harness your entrepreneurial skills, US tells young Nigerians

The Consul-General of the United States in Lagos, Mr John Bray, on Tuesday enjoined young Nigerian entrepreneurs to rededicate themselves to efficiently harnessing their entrepreneurial skills. Bray gave the advice in Lagos at the “First Emerging Entrepreneu...
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Utomi challenges youths to take up mantle of leadership to make difference

Utomi challenges youths to take up mantle of leadership to make difference

Prof Pat Utomi A renowned economist and scholar, Prof. Pat Utomi, has urged the nation’s youths to take up the mantle of leadership, amid the current economic challenges being experienced in the country. Utomi told the News Agency of Nigeria...
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2017 Budget report: House sets deadline

2017 Budget report: House sets deadline

The House of Representatives The leadership of the House of Representatives, on Tuesday, gave all committees currently working on the 2017 budget appropriation to submit their reports on Friday to the House committee on Appropriation The Speaker, Mr Yakubu Dog...
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CBN introduces new FX rate for BDCs

CBN introduces new FX rate for BDCs

US Dollar The Central Bank of Nigeria has reviewed down the rate at which it was selling dollars to Bureau De Change operators nationwide. President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, told the News Agency...
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CBN to sell dollar to banks at N357, directs banks to sell at N360

CBN to sell dollar to banks at N357, directs banks to sell at N360

The Central Bank of Nigeria (CBN), on Monday said it would sell dollars to banks at N357 and direct them to sell to their customers at N360 with immediate effect. The apex bank, however, said the new rate would be...
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SEC investigates alleged N280 withdrawal from Afribank’s unclaimed dividends

SEC investigates alleged N280 withdrawal from Afribank’s unclaimed dividends

The Securities and Exchange Commission (SEC) on Monday said it had commenced investigations into alleged N280 million unclaimed dividends fraud belonging to shareholders of former Afribank. Mr Naif Abdussalam, SEC Head of Corporate Communications, told the New...
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