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NNPC operating illegal dollar account – Senator

Chairman Senate Committee on FCT, Senator Dino Melaye (APC, Kogi) yesterday alleged that the Nigerian National Petroleum Corporation (NNPC) is operating an illegal account with…

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TSA: No Hidden Government Funds In Our Custody – Keystone Bank

Keystone Bank Limited has denied having in its custody any illegally hidden money belonging to the Federal Government of Nigeria or any of its agencies….

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Nokia To Focus On Nigerian Tech Start-Ups In 2018

HMD Global, marketer of Nokia phones in Nigeria says as part of its focus for the industry, it will support tech start-ups in 2018. The Head…

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Access Bank accused of unlawful account freeze, firm demands N200m

An Abuja based media firm, Image Merchants Promotion Limited and its promoter, Mallam Yushau Shuaib have slammed a N200million suit against Access Bank Plc over…

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Nigerian Govt Targets 15% Tax GDP Contribution Through VAIDS

Sen. Udo Udoma, Minister, Budget and National Planning, says the Federal Government is targeting 15 per cent tax contribution ratio of Gross Domestic Product (GDP)…

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Federal Govt. Approves N497m For Cross River Dam Project

The Federal Government has approved N497 million for the construction of the Ijegu Yala Dam in Yala Local Government Area of Cross River. The construction…

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NSE Market Indicators Drop By 0.08%, Halts 10-day Upward Trend

Trading on the Nigerian Stock Exchange (NSE) on Thursday closed lower halting over 10-day upward trend with the All-Share Index dropping by 0.08 per cent…

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NNPC Disowns Fake NETCO Recruitment Advert

The Nigerian National Petroleum Corporation (NNPC) on Thursday disowned advertisements on social media seeking for applications to fill phantom positions in the Engineering Department of…

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Why Samsung Can’t Establish Plant In Nigeria

Samsung Electronics has said that one of the reasons for not establishing a manufacturing plant in Nigeria is because its market share in the country…

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EFCC Drags Stockbrokers To Court Over Alleged N13b Fraud

Four stockbrokers are currently facing trial before Justice Josephine Oyefeso of a Lagos State High Court, Ikeja, for their involvement in an alleged N13 billion…

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5,253 Anambra Rural Farmers Benefit From FADAMA Intervention

Mr Chucks Egbueh, the Project Coordinator of FADAMA in Anambra, says 5, 253 farmers benefitted from the various interventions of the FADAMA III project in…

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AfDB Takes “Farming Is Cool’’ Initiative To Nigerian Schools

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, says the bank has taken its “farming is cool’’ initiative to schools in the…

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Naira Exchanges At N360.56 Against Dollar At Investors’ Window

The Naira on Wednesday traded at N360.56 against the dollar at the investors’ window. The Nigerian currency was sold at N362 to the dollar at…

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DMO Raises N1.2trn From Domestic Market For Capital Projects

The Debt Management Office (DMO) says in line with its statutory mandate of funding federal budgets, it raised N1.2 trillion to fund the capital component…

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Nigeria’s Inflation Drops To 15.37% In December 2017 – NBS

The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.37 per cent in December…

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Telecom Operators Likely To Implement NCC Policy

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says its members are likely to implement the 14 days g ace for data roll-over planned…

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N144.7b Earned From Cashew Exports In 2017

The National Cashew Association of Nigeria (NCAN) says Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and other…

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Customs Targets N1.5 Trillion In 2018

The Nigeria Customs Service has set a revenue target of N1.5 trillion for 2018. The Comptroller-General of Customs, Hammed Ali, disclosed this at the first…

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Edo Inland Container Dry Port Will Soon Commence Exports Activities

The Edo Inland Container Dry Port (EDO-ICD) will soon commence export activities from operational base, an official of the port has said. Mr Charles Akhigbe,…

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CBN Pumps Another $262.5m To Forex Market

The Central Bank of Nigeria (CBN) on Friday intervened in the inter-bank Foreign Exchange Market with 262.5 million dollars. Data obtained from the CBN in…

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