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The nation’s external reserves have hit a new level of $40.4bn, the Central Bank of Nigeria has stated. The last time the foreign reserves hit the $40bn mark was January 2014, about five months before the crash in global oil prices. The foreign exchange reserves had reached a low of $23.6bn in October 2016. In September 2008, the country’s foreign …

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It is an open secret that very soon, the much lucrative oil and gas industry would soon cease to dominate the global economy. As a matter of fact, in some climes, the economy has been diversified from oil and gas. Israel and Singapore for instance have their economies fixed in other sectors other than oil and gas despite the huge …

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By Amos Okioma in Yenagoa. The Arewa Community, Bayelsa State Chapter has elected Alhaji Abubakar Adam a.k.a Balis as its new chairman. Announcing the result, the chairman of Arewa Community Elections 2018, Adamu Dauda said Alhaji Abubakar Adam who is from Plateau state and had lived in Bayelsa state for over fifteen years pulled 1,027 votes to beat his opponent …

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     …Advises LG To Invest in Agriculture To Boost IGR The Majority Leader, Kwara State House of Assembly, Hon. Hassan Oyeleke has exonerated Kwara State Government from allegation of diverting councils’ fund through Joint Allocation Account Committee (JAAC). Hon. Hassan Oyeleke in a radio programme recently stated that the State government led by Governor Abdulfatah Ahmed has not taken …

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Photo Caption From Left: Philip Sonibare, Head Direct Banking; Ikechukwu Kalu, Head Consumer Marketing; Carol Oyedeji, Executive Director, Consumer Banking; Charles Kie, Managing Director, all of Ecobank Nigeria at the launch of Xpress Account by the Bank in Lagos recently Advertisement

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In his characteristics and warm-heartedness’, former Deputy Governor of Osun State, Senator Iyiola Omisore (Phd) FNSE, CON, has demonstrated his kindness and love to humanity by lifting retirees, pensioners and widows in Osun State on 31st December 2017. Senator Iyiola Omisore at the Peoples Democratic Party (PDP) Secretariat, at Ogo Oluwa, Gbongan-Osogbo Road, Oshogbo celebrated the end of the year’s get together with this …

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Between Janaury and December 2017, Nigerians paid N137billion duty on 399,556 imported used and news vehicles. Speaking at an interactive session with print, television and online editors in Lagos on Thursday, spokesperson of Nigeria Customs Service (NCS), Joseph Attah explained that 956,574 vehicles were imported in 2014, 558,517 in 2015 and 451,507 in 2016. Details such as numbers of new …

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Fitch Ratings thursday stated that Nigerian banks may find it more difficult to sustain their profitability this year, given the decline in net treasury bill issuance by the federal government this year. The rating agency said in a statement that the slowdown in NTBs’ issuance marked a change of strategy, as the government looks to increase its financing from external …

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The Federal Government on Tuesday hinted that independent marketers might be allowed to sell petrol above the current regulated pump price N145 per litre. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, gave the hint in a presentation at an investigative hearing organised by the Senate on the lingering scarcity of the product in the country. He said …

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The Debt Management Office (DMO) has said that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors. In a Statement released on Thursday, at the close of the Offer, the Total Subscription received was N10.791 billion compared to the N10.69 billion Offered. Among the investors who …

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