President Muhammadu Buhari on Monday spoke with his United States of America’s counterpart, Donald Trump, on telephone, with the two leaders discussing ways to improve collaboration in the fight against terrorism. The Special Adviser to the President (Media & Publicity), Mr. Femi Adesina, in a statement said Trump also invited Buhari to Washington “at a mutually convenient date”. He said, …

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The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said he will, like other consumers, be more resistant to payment of electricity bill if there is no supply. Fashola said this on Monday at the 12th Monthly Power Sector and Stakeholders’ Meeting in Ibadan hosted by Ibadan Electricity Distribution Company. Power generation in the country has worsened in …

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The nation’s external reserves have risen by $4.7bn or 20 per cent in the past three months, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website on Sunday revealed that the foreign exchange reserves increased from $24.0bn on November 9, 2016 to $28.7bn on February 9, 2017. The data also showed that within …

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The Niger Delta Indigenous Movement for Radical Change (NDIMRC) has rained heavy knocks on the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside over his recent statement that the agency would not fund the Maritime University, Okerenkoko, Delta State. Dr Da­kuku Peterside, recently declared that the agency will continue to fund the Maritime Acad­emy …

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Nigerian insurance firms, whose financial accounts are yet to be summited before March 31, 2017, would be barred from engaging in further business activities, industry regulator, National Insurance Commission (NAICOM), has revealed. The Commission affirmed that it would take action against officials responsible for financial reporting, as well as publish the compliance status of insurance firms on its website for …

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Jaiz Bank Plc, a non-interest financial institution is targeting a profit After Tax (PAT) of N5.56 billion by the end of the 2021 financial year from the current N1.34 billion position. The bank disclosed this while addressing stockbrokers at the company’s, Facts Behind the Figures, shortly after it listed by the introduction 29.46 billion shares of 50 kobo each at …

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Folake Sokoya The operatives of Rapid Response Squad (RRS) of the Lagos State Police Command, have arrested a lady in Agbor, Delta State, for drugging her man friend, a medical doctor, in a hotel in Ojodu area of Lagos, carting away his car, laptop and mobile phone. The lady, Mitchel Harrold, 37, from Warri, Delta State was on Tuesday February …

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Dangote Rice, a subsidiary of Dangote Group is set to launch in Sokoto, Sokoto state it’s multi-million naira 25, 000 hectares of rice Outgrower scheme with a prospect of hundreds of thousands of employment opportunities for the rural communities inhabitants. President of the Group, Aliko Dangote disclosed at the weekend that the Company will on Wednesday, flag of with a …

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In spite of the gloom on the country’s economy, investor confidence in Nigeria remains high as the $1 billion Eurobond issued by the federal government on Thursday was over-subscribed by almost eight times. The over-subscription was with orders in excess of $7.8 billion compared to a pre-issuance target of $1 billion. The bond, issued under Nigeria’s newly established Global Medium …

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The Lagos Chamber of Commerce and Industry (LCCI) yesterday resounded the alarm over the damage to investor confidence and Foreign Direct Investment flow being done by the security problems in the country. Troubled by the elevated rate of violent crimes and inseurity, LCCI stressed the need for Nigeria to address the challenge speedily to make the business environment more secure …

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