Metro

The Corporate Affairs Commission (CAC) has said that through the implementation of its Business Incentive Strategy, it had been able to register 39,074 business names between October and November 2018. Its acting Registrar-General, Azuka Azinge, said this Tuesday in Lagos during stakeholders’ forum. The forum is a periodic interactive session between the management of the commission and its stakeholders to enhance …

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Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has described the Nigerian National Petroleum Corporation (NNPC) as a “mafia organisation”, vowing to privatise it if elected. Speaking in Lagos during an interactive session with the business community on Wednesday, Atiku said he would take the step even if doing so would cost him his life. He explained that …

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The Nigeria Employers’ Consultative Association (NECA) has raised the alarm over the country’s mounting debt burdens following the release of the third quarter report of the Debt Management Office (DMO) and the 2019 budget assumptions, saying the increasing debt burden could have negative implications on developmental capacity of the economy. The Director General of NECA, Mr. Timothy Olawale, said at …

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The Nigerian maritime industry may be attracting investments worth USD30 billion (about N10.8 trillion) in 2019 financial year. Peterside also said that the agency will work more with its various stakeholders to achieve more and make better progress in this New Year. He stated: “We believe that 2019 is a great year, there’s been a forecast that there is going …

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The total pension assets under the Contributory Pension Scheme rose to N8.49tn as of the end of November 2018 financial period, latest figures obtained from the National Pension Commission on Tuesday revealed. The pension commission said 72.5 per cent of the fund had been borrowed by the Federal Government and invested in the FGN securities totalling N6.16tn during the period …

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The Acting Inspector-General of Police, Mohammad Abubakar Adamu, who was decorated with his new rank by President Muhammadu Buhari on Tuesday, hails from Lafia, Nasarawa State and is a holder of Bachelor of Science in Geography. He enlisted in the Force on February 1, 1986 as Cadet Assistant Inspector and had attended several Senior Officer Courses on Law Enforcement, Crime Prevention, …

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Facebook Inc (FB.O) will invest 300 million dollars over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide. “The investment in time and money is a significant expansion of a plan to help newsrooms in the U.S. and abroad create and sustain viable business models to survive,’’ …

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The Federal Road Safety Corps on Tuesday said it would soon begin the enforcement of speed limit device installation on private vehicles. The News Agency of Nigeria recalls that the FRSC introduced the use of speed limit device in 2016 to reduce the incidents of accidents and loss of lives. However, the enforcement of compliance with the installation began on February 1, …

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President Muhammadu Buhari and cabinet ministers are right now holding an emergency Federal Executive Council meeting in Abuja. The agenda of the meeting, which is taking place at the Presidential Villa, is unknown. However, security, the 2019 elections and the national minimum wage remain top issues in the country. Advertisement The FEC meeting, by tradition, holds on Wednesdays, though late …

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Bayo Akinloye Topmost global rating agency, Moody’s has Nigeria will experience slow growth in the economy with an estimated percentage increase of 2.3 percent in 2019 from estimated 1.9 percent in 2018. In its latest report made available to NationalWire on Monday, Moody’s added that the country, aswell as other Sub-Saharan African sovereigns’ negative outlook for 2019 reflects credit challenges …

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