The‎ Federal Government says it is seriously exploring the local production of passport booklets as part of plans to save cost and ease the lingering scarcity of the document. ‎ Spokesperson for the Nigeria Immigration Service, Mr. Sunday James, disclosed this in an interview with the News Agency of Nigeria on Thursday in Abuja. NAN reports that the passport booklet is presently …

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An ICT firm, Pinet Informatics Limited, has launched an online platform known as Insurance Market where insurance companies and, vendors can sell products to buyers, and in turn can buy any type of insurance policy on their laptop, tablets or phones and pay with their credit cards. Managing Director, Pinet Informatics, Lanre Ajayi at the launch and e-Insurance Conference held in …

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The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) says the newly-established  Development Bank of Nigeria will boost the real sector of Nigerian economy through long term funding. The President of ECCIMA, Rev. Ugochukwu Chime, made the statement while speaking with the News Agency of Nigeria (NAN) at the ongoing 2017 Enugu International Trade Fair. NAN reports  that aside …

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The Nigerian National Petroleum Corporation (NNPC) has reiterated that it has no plans to increase the pump price of petrol. NNPC made the denial in a statement by Mr Ndu ughamadu, its Group General Manager, Group Public Affairs Division. The statement explained that the recent increase in bridging allowance to transporters from N6.20 to N7.20 per litre would not lead …

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The Federal Operations Unit (FOU) in Zone C of the Nigeria Customs Service (NCS) has intercepted consignments of medicament including the banned Tramadol, with a duty paid value (DPV) of N178,209,310. Other unregistered drugs were also impounded. Contraband impounded across the zone in March included foreign rice, used shoes, machine spare parts with a DPV of N112,617,700. The Customs Area …

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The Tin-Can Island Port 2 Customs Command, Ijora in Lagos, on Thursday, said it generated the sum of N649.11 million in March. According to a statement by the command’s Public Relations Officer, Mr Godwin Andishu, the figure is N270.1million lower than the N919.6 recorded in February. The spokesman said the figure was also N95.5million short of the N834.6million generated in …

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The National Bureau of Statistics (NBS) has disclosed that Nigeria’s airports recorded an increase of 2.3 per cent in domestic passengers in 2015 and 2016. The NBS made this figure known in its Fourth Quarter 2016 and Full Year 2016 Air Transportation Data released in Abuja. The report, however, stated that the first and second halves of the year differed …

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The Federal Government on Wednesday said it had cleared the inherited arrears of accrued pension benefits for the years 2014, 2015 and 2016 by releasing N41.5bn and N12.5bn for January, February and March this year to the National Pension Commission for onward payment to retirees. The Minister of Finance, Mrs. Kemi Adeosun, confirmed the release of the money in a …

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The challenging economic situation in the country made the banking industry’s non-performing loans ratio to rise from N1.678bn in June to N2.084tn in December 2016, the latest Central Bank of Nigeria’s Financial System Stability Report revealed on Wednesday. The financial soundness indicators used to appraise the stability of the financial system included asset quality, capital and income-expense, the report stated. …

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President Muhammadu Buhari on Wednesday assured Nigerians that his administration would approach the nation’s economic challenges with the same commitment it had put into fighting corruption and terrorism. Buhari made the promise while launching the country’s Economic Recovery and Growth Plan 2017-2020 at the Presidential Villa, Abuja. While saying his administration inherited numerous challenges, the President recalled that his political …

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