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Mr Tony Elumelu, Chairman UBA and Dr Mrs Nike Akande, President, Lagos Chamber of Commerce and Industry[LCCI] at at a Business Forum organised by US-Africa Business Center and Thomson Reuters in New York, United States recently Advertisement

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Aliko Dangote denies death rumour From Dayo Emmanuel Chairman of Dangote Group, Aliko Dangote has denied a rumour that broke earlier that he died. “I am hale, hearty, and alive,” Dangote debunks. Advertisement Dangote who is Africa’s richest man, however debunked the rumour which was spreading fast via the social media. The news published by a German news website, DW-TV3 …

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SEC raises awareness over fake Ponzi Scheme FRIDAY EKEOBA The Securities and Exchange Comission (SEC) has warned the investing public about a ponzi scheme aimed at defrauding them of their money by offering them a higher interest commission on investment. The Commission in a notice on Wednesday signed by the management, said its attention has been drawn to the activities …

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President Buhari Recession: Gov. Sani Bello Canvasses support for President Buhari Olabode Adaramola Niger State Governor, Alhaji Abubakar Sani Bello has called on Nigerians at home and abroad to rally round President Muhammadu Buhari on the reforms and steps being taken by the incumbent administration at the Centre, to build a new Nigeria. He made the call at the Nigerian …

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Panel seeks merger of Customs, FIRS To ensure accountability and improve revenue generation, the National Tax Policy Review Committee has advised the Federal Government to merge the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS). Presenting draft of the policy at the Committee’s second stakeholders engagement in Abuja on Tuesday, West Africa Tax Leader of PricewaterhouseCoopers, Mr Taiwo Oyedele, explained that …

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Nigeria’s foreign reserves deplete to $24.74b in September – Udoma Nigeria’s foreign reserves have reduced from 26.51 billion dollars from the second quarter of 2016 to $24.74 billion in September, the Minister of Budget and National Planning, Sen. Udoma Udo Udoma has said. Udoma made this disclosure at the 57th annual conference of Nigeria Economic Society (NES) with the theme“the …

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Recession: Senate rejects sale of national assets After much condemnation by various stakeholders in the domestic economy, the Nigerian Senate Tuesday rejected the calls for the sale of the country’s national assets. On its social media handle, the Senate said it “rejected prayer 3 of the recommendations of the Ad Hoc Committee which sought for the sale of National Assets …

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Dangote 17bn dollars refinery to create 300,000 jobs — Official The Dangote Industries Limited 17 billion-dollar refinery project will create over 300,000 direct and indirect jobs by the first quarter of 2019, the Chief Operating Officer, Mr Olakunle Alake, has said. Alake made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos on Monday, adding …

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FG, States, Others Meet on Economy as NACOFED Opens in Ogun Tuesday The National Council on Finance and Economic Development (NACOFED) 2016 conference, which opens in Abeokuta, Ogun State on Tuesday, will examine options available to government to improve its revenue streams especially in a period of low earnings from crude oil. The conference, which is being hosted by the Minister of …

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Sales of Asset: Nationwide Strike Looms As Oil workers Threaten to Down Tools Barring any last minute change in its decision,  Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) may shut down the country if the Federal Government should carry out its plan to sell national assets to augment revenue shortfall …

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