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A civil society organization, BudgiT, has asked the Federal Ministry of Finance and the Budget Office of the Federation to make available the description and location of the capital projects the nation carried out in 2016, describing the feedback it received as “an inadequate response,” for not including breakdown of the expenditure. The organization, relying on the provisions of the …

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Pan-African banking group, United Bank for Africa (UBA) Plc, at the weekend was recognised for its extraordinary support of the real sector as it won best bank in the category, ahead of its peers. The award, the organisers noted is in recognition of UBA’s leadership role as in expanding access to funds for the support of the real sector in …

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Rising costs have undermined profit capacity for UACN and the conglomerate is headed for the lowest profit figure in many years at the end of 2017. The company is sustaining growth in revenue for the second year but it is devoting an increasing share of it to operating cost. Last year, rising costs caused a subdued recovery in profit, which …

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The Senate on Tuesday called on the federal, state and local governments of Nigeria to “henceforth” designate and observe October 17 as World Poverty Day in line with the United Nations resolution. The call was part of the prayers of a motion unanimously adopted by the Senate at the plenary on Tuesday. It was titled ‘Commemoration of the United Nations …

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The Chief Executive Officer of Ecobank Transnational Incorporated, Ade Ayeyemi, is calling for the Nigerian Government to introduce Credit Guarantee Schemes for Micro, Small and Medium Enterprises (MSME) as a measure to hedge their risk. Reiterating that MSME’s are a fundamental part of the economic fabric in Nigeria and the wider continent and therefore play a crucial role in furthering growth, …

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The National Bureau of Statistics has released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.01 per cent in August to 15.98 per cent in September. In the report that was released on Tuesday in Abuja, the bureau explained that the drop in Nigeria’s rate of inflation in September was the eighth consecutive month …

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A former Director-General of the Nigerian Insurers Association (NIA) and a Lawyer, Mr. Ezekiel Chiejina, is set to launch his new book titled ‘Pensions in Nigeria’ next week Tuesday at the Nigerian Institute of International Affairs (NIIA) in Lagos. The book, a compendium of contemporary information on pension matters, discussed exhaustively the characteristics, intricacies, and implications of the various pension …

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The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA).   According to NLNG, the sum represents the payments made under protest to the Agency by NLNG since 2013, as well as direct and shipping losses incurred by NLNG due to the …

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Sterling Bank Plc has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held in Lagos. The award is in recognition of Sterling Bank’s peerless support to the entire value chain in the agriculture sector of the economy. The awards, organized by BusinessDay Nigeria, is regarded as the banking industry’s benchmark for outstanding …

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The African Development Bank (www.AfDB.org/en) President, Akinwumi Adesina, will deliver the Norman Borlaug Lecture today as part of the World Food Prize events taking place from October 16-20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture titled “Betting on Africa to Feed the World” will be held on World Food Day, October 16, in conjunction with the annual …

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