August, 2016

• 25 August

  FG approves 2017-2019 Fiscal Strategy Framework

  FG approves 2017-2019 Fiscal Strategy Framework The Federal Executive Council (FEC) on Wednesday approved a three-year Fiscal Strategy Framework from 2017 to 2019. Advertisement Identified as the Medium Term Expenditure Framework (MTEF), the process starts the process for the preparation of the 2017 budget. The Minister of Budget and National Planning Senator Udo Udoma, explained  after the Federal Executive Council …

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• 25 August

  Shareholders of Diamond Bank, FCMB, others lose N8.1bn over non-remittance of funds

  Shareholders of Diamond Bank, FCMB, others lose N8.1bn over non-remittance of funds The Foreign Exchange (FOREX) restriction order placed on Diamond Bank Plc, First City Monument Bank Plc (FCMB) and others by the Central Bank of Nigeria (CBN) reverberated Wednesday on the floor of the Nigerian Stock Exchange (NSE). Two of the Banks, Heritage and Keystone Banks are not listed …

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• 25 August

  Giving Credit to Whom It is Due

  Giving Credit to Whom It is Due By Tope Bankole and Uzoma Ngozi   On July 26, the media was awash with news of the commissioning of the Abuja-Kaduna railway project. The news elicited a tweet from the PDP via their official twitter handle. This eventually sparked off a controversy on who should actually take the credit for the completion …

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• 23 August

  PwC seeks change of tactics for Oil & Gas industry in Africa

  PwC seeks change of tactics for Oil & Gas industry in Africa The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue, a new report put together by PwC has said. It explained that despite the bleak …

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• 23 August

  Manufacturers to get 60% forex

  Manufacturers to get 60% forex Perturbed by the continued dwindling fortune in the domestic economy, the  Central Bank of Nigeria (CBN) has directed  Authorised Dealers (banks) to allocate 60 per cent of their  Foreign Exchange, (forex) purchases from all sources (interbank inclusive) to  manufacturers and 40 per cent to other users for the purpose of trade and other obligations. In …

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• 21 August

  Lagos, home to about 300,000 hawkers-Activist

  Lagos, home to about 300,000 hawkers-Activist Dayo Emmanuel   “Politics is not about party affiliations, but about development.” These was an assertion of Comrade Biodun Aremu at the public presentation of Community Development Charter for Surulere Local Government Area of Lagos State, facilitated by media NGO, International Press Centre (IPC), recently. Aremu had asserted that there are about 300,000 youths …

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• 20 August

  Union Bank declares N8.7bn profit in six months

    Union Bank of Nigeria Plc has recorded profit after tax of N8.7 billion for the first six months of this year, compared with N6.3 billion within same period in 2015. An x-ray of the bank’s financial statement, showed that, total assets also increased from N1.046 trillion of full year 2015 results to N1.152 trillion as at the end of …

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• 20 August

  Customs revenue generation drops by N53bn in six months

  Customs revenue generation drops by N53bn in six months FRIDAY EKEOBA The Nigeria Customs Service (NCS) has generated a total of N385.7 billion between January and June this year, compared to N438.7 billion same period in 2015. Public Relations Officer (PRO) of NCS, Wale Adeniyi, disclosed this to the News Agency of Nigeria (NAN) in an interview on Monday in …

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• 17 August

  Group to float awards for child friendly brands, individuals

  Group to float awards for child friendly brands, individuals Dayo Emmanuel   A Lagos-based NGO, the Nigerian Child Safety Report Initiative (NCSRI) is set to unveil a project titled the Nigerian Child Friendly Award. Briefing Nationalwire.com.ng in Lagos yesterday, President and Founder of the organisation, Mr. Wilson Ukhurebor said Nigerian children have been deprived and practically have no say in …

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• 12 August

  Ex Redeemed pastor laments man’s inhumanity to man, travesty of justice in RCCG

  Ex Redeemed pastor laments man’s inhumanity to man, travesty of justice Dayo Emmanuel A former Assistant Provincial Pastor at the Redeemed Christian Church of God, Pastor Bayo Akinjiyan has lamented the ill treatment meted against him by his former employers. Akinjiyan, a trained architect from the University of Ife, now Obafemi Awolowo University, Ile-Ife, Osun State, addressed the press at …

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