By Shaban Akanbi On Sunday, December 1st, 2019
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Policy Dialogue Participants Calls For Property Tax Implementation

Participants at the monthly Policy Dialogue on the Next Level in Abuja have urged the Federal Government to introduce property tax towards generating necessary funds for its critical projects. In a resolution More...

By Shaban Akanbi On Saturday, November 30th, 2019
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P&ID: Nigeria Secures Variation Of UK Court Order

Nigeria has succeeded in securing variation of the UK court order from cash payment of 200 million dollars security to issuing bank guarantee of the same amount in respect of the P&ID scam. Abubakar Malami, More...

By News Investigators On Thursday, November 28th, 2019
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Oil Price Falls Amid US, China Tensions

(News Investigators)/ Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, More...

By Shaban Akanbi On Monday, November 25th, 2019
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Air Pollution Causes Lung Cancer In Non-Smokers

Dr Ray Osarogiagbon, Director, Multidisciplinary Thoracic Oncology Programme, Baptist Cancer Centre, Memphis, Tennessee, in the U.S., has warned that air pollution contributes to high rate of lung cancer deaths More...

By Shaban Akanbi On Saturday, November 23rd, 2019
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Jeremy Corbyn To Ensure Coy Pay Fair Share

Jeremy Corbyn has vowed to stop multinational companies offshoring their tax bills to places with “lower tax regimes” with measures to force them to pay their fair share in the UK. The Labour leader More...

By Shaban Akanbi On Thursday, November 21st, 2019
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NEITI Partners EFCC On Corruption Fight

The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will sign a Memorandum of Understanding (MoU) with the Economic and Financial Crimes Commission (EFCC) to strengthen effort in fight against More...

By Alamin Khaliel On Wednesday, November 20th, 2019
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Proposed Bank Strike: Stakeholders Call For Dialogue To Avert Plan

(NEWS INVESTIGATORS) Some financial experts and stakeholders have appealed to bank unions’ to dialogue with their employers to forestall the proposed operation shut down of banks by Jan. 2. The Association More...

By News Investigators On Tuesday, November 19th, 2019
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Ghana’s Springfield Oil Discovery Is Historic For Local Content In Africa

(News Investigators)/ The soon-to-be-announced deep water oil discovery offshore Ghana by independent Springfield Group is historic for Ghana and Africa’s local content. Not only does it mark the first deep water oil More...

By Shaban Akanbi On Monday, November 18th, 2019
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Jack Ma Awards $1m To 10 Entrepreneurs

The Jack Ma Foundation at its first annual Africa Netpreneur Prize Initiative (ANPI) grand finale  awarded $1 million in prize money to 10 entrepreneurs from across Africa.The ANPI is a flagship More...

By Shaban Akanbi On Friday, November 15th, 2019
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Vantage Capital Exits $18.5m In SA Energy Co

Vantage Capital, Africa’s largest independent mezzanine fund, announced that it successfully exited its $18.5 million mezzanine investment in Genser Energy, a management-owned, independent power producer.  Genser More...

By Shaban Akanbi On Friday, November 15th, 2019
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Nigerian Borders Closure Beneficial -Yusuf

An entrepreneur, Alhaji Kamarudeen Yusuf, the Chairman and Chief Executive, Kam Industries has commended the Federal Government for closing the country`s land borders. According to him, the closure will make More...

By Shaban Akanbi On Friday, November 15th, 2019
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LASU Adopts Second Stream Programme For Students Entrepreneurship

The second stream undergraduate programme of the Lagos State University (LASU) was introduced to help deepen entrepreneurship skill of students of the institution, the Vice Chancellor, Prof. Olanrewaju Fagbohun, More...

By Shaban Akanbi On Thursday, November 14th, 2019
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Accident Bureau Releases Preliminary Reports On Air Peace Incidents

The Accident Investigation Bureau (AIB) has released the preliminary reports on serious incidents involving three Air Peace aircrafts. News Agency of Nigeria (NAN) reports that the Commissioner for AIB, Mr Akin More...

By Shaban Akanbi On Thursday, November 14th, 2019
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NNPC Secures $1.16m US Grant For 1,350MW Abuja Power Plant

The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have concluded arrangement to sign a 1.16 million dollar grant as part funding for the NNPC-Abuja More...

By Shaban Akanbi On Thursday, November 14th, 2019
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NAHCO Records N7.38bn Revenue

The Nigerian Aviation Handling Company Plc (NAHCO Aviance) says it has recorded a gross revenue of N7.38 billion for the nine months ended Sept. 30. The company also said the figure was N241.3 million higher More...

By Alamin Khaliel On Thursday, November 14th, 2019
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Financial Inclusion: Fidelity Rewards Customers With N15m

(NEWS INVESTIGATORS) Fidelity Bank Plc on Wednesday flagged off the maiden edition of its Get Alert In Millions (GAIM) Season 4 savings promo draw in Ibadan, Oyo State, splashing 13 customers across the nation More...

By Shaban Akanbi On Wednesday, November 13th, 2019
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Reps C’ttee Asks FIRS To Return N4.6bn To FCT

The House of Representatives Committee on Public Account has asked the Federal Inland Revenue Service (FIRS) to return N4.6 billion which represents two per cent of total tax collected in the Federal Capital Territory More...

By Shaban Akanbi On Wednesday, November 13th, 2019
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NNPC Urges Unadulterated Products To Motorists

The Group Managing Director of  Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has tasked the board  and  managementg of  NNPC Retail Limited to ensure the delivery of unadulterated More...

By Shaban Akanbi On Monday, November 11th, 2019
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Locally Produced Pencils To Save Nigeria $2.4bn

An entrepreneur, Mr Muideen Ibrahim, says locally-produced pencils will save the country over $2.4 billion (N734.4 billion) if encouraged and supported by the Federal Government with enabling policies. Ibrahim, More...

By Shaban Akanbi On Monday, November 11th, 2019
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Lagos Calls For Wholesome Meat For Residents

Mr Gbolahan Lawal, Lagos State Commissioner for Agriculture, has urged franchisees operating in the red meat value chain to put in place necessary procedure to deliver wholesome meat fit for human consumption. Lawal More...

By Shaban Akanbi On Monday, November 11th, 2019
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Dangote Unveils Rice Mill In Kebbi

Gov. Atiku Bagudu of Kebbi on Sunday commended Dangote Group for setting up a rice mill in the state, saying it would create employment and boost the economy. Bagudu who visited the factory site at Saminaka More...

By Shaban Akanbi On Saturday, November 9th, 2019
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Lagos 2020 Budget To Attract Investment -Gov. Sanwo-Olu

Gov. Babajide Sanwo-Olu of Lagos State says the proposed 2020 N1.168 trillion budget will attract private sector investment. Sanwo-Olu said this on Friday while presenting the 2020 Budget to the State House More...

By Shaban Akanbi On Saturday, November 9th, 2019
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Nigeria Plans Moving 24m Citizens Out Of Poverty

The Nigeria Governors’ Forum (NGF) and the Federal Government have commenced a Human Capital Development (HCD) plan towards moving 24 million Nigerians out of poverty before 2030. The NGF disclosed this in More...

By Alamin Khaliel On Friday, November 8th, 2019
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World Billionaires Go Poorer, Lose $388bn

World billionaires go poorer, lose $388bn (NEWS INVESTIGATORS) The world’s richest people became a little ‘poorer’ last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile More...

By Alamin Khaliel On Friday, November 8th, 2019
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Turmoil, Volatile Market Affects Billionaires Too

(NEWS INVESTIGATORS) The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires More...

By Shaban Akanbi On Friday, November 8th, 2019
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Take Advantage Of “Ready, Set, Work”, Sanwo-Olu’s Aide Urges LASU Students

Special Adviser to Lagos State Governor on Education, Tokunbo Wahab, has urged final year students of Lagos State University (LASU) to take advantage of the  “Ready, Set, Work” project for them to be competitive More...

By Shaban Akanbi On Friday, November 8th, 2019
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Indonesia’s Lion Air Finds Cracks In 2 737NGs

Lion Air has found structural cracks in two Boeing Co (BA.N) 737 NG planes with fewer flights than a U.S. Federal Aviation Administration (FAA) threshold for checks, Indonesia’s aviation safety regulator said More...

By Shaban Akanbi On Friday, November 8th, 2019
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Billionaires’ Wealth Falls For First Time In Decade

The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time More...

By Shaban Akanbi On Friday, November 8th, 2019
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Senate Supports $10bn NLNG Investment

The Senate is throwing its full weight behind the 10billion dollars Train seven Project investment in the nation’s gas sector, by the Nigeria Liquefied Natural Gas ( NLNG). It also urged More...

By Shaban Akanbi On Thursday, November 7th, 2019
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Senate Orders Probe Into Activities At Lagos Ports

The Senate has mandated its committees on Navy, Marine Transport and Finance to carryout a comprehensive investigation into the activities of Messrs OMLS limited and other security agencies at the Safe Anchorage More...

By Shaban Akanbi On Thursday, November 7th, 2019
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Border Closure Has Both Good, Bad Sides

The Lagos Chamber of Commerce and Industry (LCCI) on Thursday said the temporary closure of Nigeria’s land borders by the Federal Government was both good and bad for the economy. Mr Gabriel Idahosa, Vice More...

By News Investigators On Tuesday, November 5th, 2019
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50m Commuters Used BRT In 10 Months, Says MD

(News Investigators)/ The operators of Bus Rapid Transit (BRT) in Lagos, Primero Transport Services Limited, says about 50 million commuters used the BRT in the last 10 months. The Managing Director of the firm, More...

By Alamin Khaliel On Tuesday, November 5th, 2019
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Apple Pledges $2.5bn For Affordable Housing In California

(NEWS INVESTIGATORS) Apple says it will direct 2.5 billion dollars toward affordable housing in California, the latest tech giant to pledge money to one of the state’s most pressing problems. The announcement More...

By Shaban Akanbi On Tuesday, November 5th, 2019
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NAICOM To Classify Insurance Coy By Service To Customers

The National Insurance Commission (NAICOM) on Monday said insurance companies in the country would henceforth be assessed and ranked based on the quality of their service delivery to customers. Mr Sunday Thomas, More...

By Shaban Akanbi On Monday, November 4th, 2019
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FG To Flood Market With Cheaper Rice Before Christmas

The National Food Security Council (NFSC), chaired by President Muhammadu Buhari, will make rice available before the Christmas festivity. The Deputy Chairman of the Council, Gov. Atiku Bagudu of Kebbi, stated More...

By Shaban Akanbi On Monday, November 4th, 2019
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RIFAN Will Ensure Self-Sufficiency In Rice

Alhaji Abbas Ramallan, Chairman, Rice Farmers Association of Nigeria (RIFAN), Nasarawa State Chapter, says the association will ensure self sufficiency in rice production in the country. Ramallan, who disclosed More...

By Shaban Akanbi On Monday, November 4th, 2019
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McDonald CEO Quits Over Relationship With Employee

McDonald’s chief executive officer has left the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former More...

By Shaban Akanbi On Monday, November 4th, 2019
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Nigerian Borders To Remain Closed -Customs

The Nigeria Customs Service (NCS) says the partial border closure will continue until the set objectives are achieved. The customs’ Public Relations Officer, Mr Joseph Attah said this while reacting to the More...

By Alamin Khaliel On Tuesday, October 22nd, 2019
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250 Nigerian Businesses for Africa Economic Forum In Sochi

(NEWS INVESTIGATORS) The Presidency says about 250 Nigerian business interests will participate in the African Business Forum, which will bring together African and Russian business leaders in Sochi, Russia, between More...

By Alamin Khaliel On Tuesday, October 8th, 2019
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Market Indices Slump Further By 0.45%

(NEWS INVESTIGATORS) Activities on the nation’s bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent. Specifically, the market More...

By News Investigators On Saturday, October 5th, 2019
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FG Restates Commitment To Strengthen Trade Relations With Poland

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo has reiterated Federal Government’s committment to strengthen relationship between Nigeria and Poland in terms of trade, commerce and industrialisation. Adebayo More...

By News Investigators On Thursday, October 3rd, 2019
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Nigeria’s Livestock Industry Worth Over N30 Trillion, Says Minister

Livestocks (News Investigators)/ Nigeria’s Minister of Agriculture, Muhammad Sabo-Nanono, on Thursday, says Nigerians breed over N30 trillion worth of livestock, which should be properly harnessed to the benefit More...

By Sadiq Umar On Thursday, October 3rd, 2019
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Bankers Committee Throws Weight Behind CBN’s Cashless Policy, LDR

(News Investigators)/ The Bankers Committee has thrown its weight behind the Central Bank of Nigeria (CBN)’s cashless and Loan to Deposit Ratio (LDR) policies introduced by the apex bank. In a joint briefing More...

By Alaba Ajiba On Thursday, October 3rd, 2019
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Fidelity Bank Supports Financial Inclusion Drive With N120m Promo

(News Investigators)/ Fidelity Bank Plc on Thursday flagged off its Get Alert in Millions (GAIM) Season 4 promo to strengthen the Federal Government’s financial inclusion drive. Speaking at the event in Lagos, More...

By News Investigators On Thursday, October 3rd, 2019
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New Orders Fuel Kenya’s Private Sector Activity In Sept–PMI

Kenya’s private sector activity grew for the fifth straight month in September, boosted by an increase in new orders for businesses, a survey showed on Thursday. The Markit Stanbic Bank Kenya Purchasing Managers’ More...

By News Investigators On Wednesday, October 2nd, 2019
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AfDB Commends Nigeria’s Resilience, Entrepreneurial Skills

The African Development Bank (AfDB) has commended Nigerians for their resilience and entrepreneurial skills in the 59 years of the country’s existence. A statement  issued by Mr Victor Oladokun, Director, More...

By Shaban Akanbi On Wednesday, October 2nd, 2019
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Nigeria Gets New World Bank Country Director

The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who completed his term recently. A statement issued by the World Bank’s Senior Communications More...

By Alamin Khaliel On Thursday, September 26th, 2019
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Premium Pension’s Asset Base Hits N680b

(NEWS INVESTIGATORS) Premium Pension Ltd. has built an asset base of N680 billion after 14 years of its operations, the Managing Director of the company, Mr Umar Mairami, announced in Lagos. Mairami made the More...

By Alamin Khaliel On Wednesday, September 18th, 2019
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FG Cautions Producers, Marketers Against Mishandling Of Chemical Weapons

(NEWS INVESTIGATORS) The Federal Government has cautioned producers and marketers of chemical weapons against allowing it into the hands of non-state actors. Mr Gabriel Aduda, the Permanent Secretary, Political More...

By Shaban Akanbi On Friday, September 6th, 2019
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NNPC Moves To Boost Domestic Gas Use

The Nigerian National Petroleum Corporation (NNPC) says it will grow the domestic gas use in-country to five billion cubic feet of gas per day from its current 1.7 billion cubic feet of gas per day by 2022. Chief More...

By Shaban Akanbi On Thursday, September 5th, 2019
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Mortgage Bank Urges Nigerians To Access Housing Products

The Federal Mortgage Bank of Nigeria (FMBN), Federal Capital Territory (FCT) branch,  has called on Nigerians to access their mortgage products through  National Housing  Fund (NHF) scheme. Mrs More...

By Shaban Akanbi On Wednesday, September 4th, 2019
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NNPC GMD Reiterates Commitment To Transparency, Accountability

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Malam Mele Kyari, has reiterated his commitment to transparency and accountability in the operations of the corporation. Kyari More...

By Shaban Akanbi On Friday, August 30th, 2019
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VP Osinbajo, NECA Discuss Business Sustenance In Nigeria

Vice President Yemi Osinbajo on Thursday at the Presidential Villa, Abuja, hosted a delegation of the Nigeria Employers’ Consultative Forum (NECA). Timothy Olawale, Director-General, NECA, who spoke with State More...

By Shaban Akanbi On Friday, August 30th, 2019
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Nigeria Losses 22m Barrel Of Oil To Theft

Gov. Godwin Obaseki of Edo said the nation lost about 22 million barrels of its crude oil production to oil theft between January and June. Obaseki disclosed this in a statement issued by Mr Ndu Ughamadu, the More...

By Shaban Akanbi On Friday, August 23rd, 2019
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FG, States, LGs Share N769.5bn For July

The Federal Government, States and Local Government Areas (LGAs) shared N769.52 billion as federal allocation for the month of July. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said this More...

By Shaban Akanbi On Friday, August 23rd, 2019
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Nigeria Produces 692m Barrels Of Crude Oil in 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was produced in the country in 2017. NEITI disclosed this in its report, entitled, “pilot study More...

By Shaban Akanbi On Friday, August 16th, 2019
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U.S. Threatens Sanctions Over Iranian Tanker After Court Release

The U.S. is gravely disappointed with the U.K. after a Gibraltar court allowed the release of an Iranian tanker suspected of hauling oil to Syria, and threatened sanctions against ports, banks and anyone else who More...

By News Investigators On Friday, August 16th, 2019
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NNPC Targets China To Boost Crude Oil Reserves

(NEWS INVESTIGATORS) The Nigerian National Petroleum Corporation (NNPC) says strategic partnership and new investments in the Upstream Petroleum Sector are essential to actualise the growth of the nation’s crude More...

By Shaban Akanbi On Friday, August 16th, 2019
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N-Power Beneficiaries Urge FG On Timely Stipends Payment

N-Power beneficiaries under the Federal Government’s Social Investment Programme (SIP) on Thursday appealed to the federal government to ensure timely payment of their monthly stipends to enhance their performance More...

By Shaban Akanbi On Friday, August 16th, 2019
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NNPC, China Partner On Upstream Investment

The Nigerian National Petroleum Corporation (NNPC) says strategic partnership and new investments in the Upstream Petroleum Sector are essential to actualise the growth of the nation’s crude Oil reserves . Group More...

By News Investigators On Thursday, August 15th, 2019
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Access Bank Introduces Loan For Smartphone Purchase

(NEWS INVESTIGATORS) Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion. Victor Etuokwu, Executive More...

By News Investigators On Thursday, August 15th, 2019
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Resuscitate Warri Port now To Boost Economy – Okowa Tasks FG

(NEWS INVESTIGATOR) Gov. Ifeanyi Okowa of Delta, on Wednesday in Asaba, stressed the need for the Federal Government to resuscitate Warri Port. Okowa, who gave the charge when the Olu of Warri, Ogiame Ikenwoli More...

By Shaban Akanbi On Thursday, August 15th, 2019
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3,034 Benefits From Federal Housing Loan

The Federal Mortgage Bank of Nigeria has disbursed  N2.6 billion to 3,034 beneficiaries under  its intervention housing loan through the Federal Staff Housing Loan scheme, the Managing Director, Mr Ahmed More...

By Shaban Akanbi On Thursday, August 8th, 2019
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Nigeria-Morocco Gas Pipeline A New Vista For Our Gas Aspiration -Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says Nigeria-Morocco Gas Pipeline (NMGP) project will open new vistas for Nigeria’s gas aspirations. Kyari More...

By Shaban Akanbi On Wednesday, August 7th, 2019
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NNPC Warns Against Politicising Its Activities

ABUJA: The Nigerian National Petroleum Corporation (NNPC) has urged the public to be wary of attempts to drag the corporation into politics in the guise of requests for information under the Freedom of Information More...

By Shaban Akanbi On Friday, August 2nd, 2019
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FMBN Builds 3,700 Houses Across Nigeria

Mr Ahmed Dangiwa, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), says the bank will build 100 housing units in each state and the Federal Capital Territory to address housing deficit in Nigeria. Dangiwa More...

By Shaban Akanbi On Friday, August 2nd, 2019
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FG Commits To More Dry Ports

The Director General (DG) Infrastructural Concession Regulatory Commission (ICRC), Mr Chidi Izuwah says the Federal Government is committed to establishing more dry ports in the country. The DG said this on More...

By News Investigators On Thursday, August 1st, 2019
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Insufficient Power Supply, High Interest Rate, Others Constrained Business Activities In July -CBN

Governor of Central Bank The Central Bank of Nigeria (CBN) says some firms in the country have identified insufficient power supply, high interest rates and unfavourable economic climate as major factors that More...

By Shaban Akanbi On Wednesday, July 31st, 2019
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CBN Injects $210m Into Forex Market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications More...

By News Investigators On Monday, July 29th, 2019
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Russia Offers Gas Transit Agreement Extension to Ukraine

Russian energy minister Aleksander Novak has said that Russia has offered Ukraine the opportunity to extend an existing gas transit agreement to the end of 2021. “We will wait for trilateral consultations More...

By News Investigators On Thursday, July 25th, 2019
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DMO Says N145bn July Bond receives 207.6% subscription

The Debt Management Office (DMO) says the N145 billion offered for three instruments in the July bond auction received a total value of N301.02 billion, indicating a subscription level of 207.6 per cent. In More...

By News Investigators On Friday, July 19th, 2019
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CBN Partners Churches, Mosques On Financial Literacy

Central Bank of Nigeria (News Investigators)/ Central Bank of Nigeria (CBN) on Friday said it is in partnership with churches and mosques in the promotion of financial literacy in the country. The bank’s More...

By News Investigators On Wednesday, July 17th, 2019
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Kenyan, Chinese Banks Launch Initiative To Boost Sino-Africa Trade

Kenya’s Stanbic Bank and the Industrial and Commercial Bank of China (ICBC) launched an initiative in Kenya on Wednesday to boost China-Africa trade. The two banks have partnered with Chinese trade agent Zhejiang More...

By News Investigators On Tuesday, July 16th, 2019
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CBN Injects $210m In Forex Market

Abuja, The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday. The CBN Director of Corporate Communications More...

By News Investigators On Friday, July 12th, 2019
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NSE Market Indices Drop Further By 0.51% On Sell Pressure

(News Investigators)/ The crucial market indicators of the Nigerian Stock Exchange (NSE) sustained downward mood, dropping further by 0.51 per cent. Specifically, the All-Share Index shed 145.51 points or More...

By News Investigators On Wednesday, July 10th, 2019
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MTN Nigeria Slashes Data Prices

(News Investigators)/ MTN Nigeria on Wednesday announced a price slash across all its data plans and offerings, barely two weeks after launching 4G+, which offers customers faster data speeds. The Chief Marketing More...

By News Investigators On Tuesday, July 9th, 2019
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We Will Reposition NNPC To Global Company Of Excellence -GMD

Mele Kyari (News Investigators)/ The newly appointed Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Mele Kyari has pledged to reposition the corporation to achieve global excellence. Mr. More...

By News Investigators On Tuesday, July 9th, 2019
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Economic Growth: Nigeria’s New Trade Policy Guarantees Incentives, Lift Restrictions For Farmers

President Muhammadu Buhari By Sadiq Umar – The Federal Government says it is reviewing the country’s Trade Policy to ensure a conducive and improved business environment for Micro, Small and Medium Enterprises More...

By News Investigators On Wednesday, June 12th, 2019
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Pulling Down Non-Tariff Barriers Alone ‘ll Spur 53% Trade, Adesina Tells African Leaders

Akinwunmi Adesina (News Investigators) /President of African Development Bank (AfDB), Akinwunmi Adesina has urged African governments to work toward the elimination of non-tariff barriers, saying “pulling More...

By News Investigators On Friday, May 31st, 2019
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Bank CEOs Vow To “Shame” Chronic Debtors, Mute Publishing Names

Godwin Emefiele (News Investigators)/Chief Executive Officers of Commercial Banks across the country have resolved to share details of those identified as “chronic debtors”, just as it agreed to deny the More...

By News Investigators On Tuesday, May 28th, 2019
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Buhari Signs N8.916 Trillion Budget Into Law

President Muhammadu Buhari (News Investigators)/President Muhammadu Buhari on Monday signed into law the sum of N8.916 trillion being the 2019 Appropriation Bill. Mr. Buhari signed the budget into law in More...

By News Investigators On Thursday, April 11th, 2019
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Nigeria, Others Spend $5.2 Trillion On Fuel Subsidy In 4-Yrs -IMF Boss

Christine Lagarde By Sadiq Umar – The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has faulted government spending on fuel subsidy, saying Nigeria and other countries More...

By News Investigators On Friday, February 1st, 2019
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Udoma Udo Udoma Predicts Steady Economic Growth In 2019

Minister of Budget Planning (News Investigators) /The Minister of Budget and National Planning, Udoma Udo Udoma, is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the More...

By News Investigators On Tuesday, January 8th, 2019
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ADB Approves $14.12 Million To Support Nigeria’s Membership In ATI

Okechukwu Enelamah The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support Nigeria’s membership in the African Trade Insurance Agency (ATI). More...

By News Investigators On Monday, January 7th, 2019
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FIRS Nets N5.32Trillion Revenue Collection In 2018

FIRS The Federal Inland Revenue Service (FIRS) says it collected a total sum of N5.32 trillion in 2018, the highest revenue receipt since 2012 when it realised N5.07 trillion. The revenue generation agency More...

By News Investigators On Friday, October 26th, 2018
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FG, States, LGAs Share N698.7 Billion Sept Allocation

(News Investigators) /The Federal Government and its federating states and local governments on Thursday shared N698.7 billion as statutory allocation from the federation account for September 2018. The sharing More...

By News Investigators On Thursday, October 25th, 2018
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Buhari Proposes N8.73 Trillion Budget For 2019

The Federal Government has proposed a total of N8.73tr for 2019 budget, just as it planned to submit the Medium Term Expenditure Framework (MTEF) to the National Assembly soon. The figure represents a slight reduction More...

By News Investigators On Wednesday, October 17th, 2018
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FEC Approves $2.9 Billion Eurobond, Appoints CitiBank, Standard Chartered, Others For Transactions

The Federal Executive Council (FEC) on Wednesday approved $2.9billion Eurobond as part of the external borrowing plan to finance capital projects across the country. The Council meeting presided over by President More...

By News Investigators On Tuesday, October 9th, 2018
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Senate, Reps Resume Plenary, Adjourn Over Funke Adedoyin Death

(News Investigators) The National Assembly Tuesday resumed plenary after its 10weeks vacation, even as it adjourned sitting in memory one of its own, Funke Adedoyin, who died early hour of Tuesday Federal lawmakers More...

By News Investigators On Wednesday, October 3rd, 2018
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World Bank Cuts Sub-Saharan Africa Growth To 2.7% In 2018

By Mazino Dickson – The World Bank has cut its forecast for growth of sub-Saharan Africa in 2018 to 2.7 per cent. This is down from an earlier one of 3.1 per cent, partly due to less favourable external environment More...

By News Investigators On Tuesday, September 25th, 2018
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Debt: 60 Percent Of Nigeria’s Earning May Soon Go For Debt Servicing -Report

(News Investigators) /The 2014 oil price crash decimated Nigeria’s revenue stream. In 2012, revenues totaled ₦10.1 trillion, with ₦8.1 trillion coming from oil; by the end of 2016, it had fallen to ₦5.1 More...

By News Investigators On Saturday, September 1st, 2018
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FOCAC: Nigeria, China To Sign $328 Million Agreement On ICT Dev., In Addition To 25 MoUs

By Nuel Suji – President Muhammadu Buhari on Saturday arrived Beijing, China’s capital where he is expected to join his Chinese counterpart, Xi Jingping, to witness the signing of an agreement worth $328 More...

By News Investigators On Saturday, July 28th, 2018
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FOREX: CBN Injects USD, Chinese Yuan Into Interbank Market

By Nuel Suji – The Central Bank of Nigeria (CBN) has injected the sum $340, 507, 376.51 into the interbank retail secondary market intervention sales. This is in addition to the sale of CNY 69,858,087.15 in More...

By News Investigators On Thursday, June 21st, 2018
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Buhari Signs N9.12 Trillion Money Bill, Laments NASS’ Cut In Budget 2018

By Sadiq Umar – President Muhammadu Buhari on Wednesday lamented the reduction of capital allocations in the 2018 budget by the National Assembly, even as the president signed into law a sum of N9.12 trillion More...

By News Investigators On Thursday, May 24th, 2018
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Report Any Bank That Denies You Forex, CBN Tells Customers

By Sadiq Umar – The Central Bank of Nigeria (CBN) has called on the public to report any bank that refuses to grant their request for foreign exchange for BTA/PTA and pilgrimage within 24 hours. CBN, in a More...

By News Investigators On Wednesday, May 16th, 2018
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Budget 2018: NASS Passes N9.12 Trillion Appropriation, Saraki Hails Increase In Health Allocations

By Nuel Suji – The National Assembly on Wednesday passed the 2018 budget after seven months with an increase of N500 billion. President Muhammadu Buhari had presented an Appropriation bill of N8.6 trillion More...

By News Investigators On Thursday, May 3rd, 2018
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Nigeria, China Sign Currency Exchange Deal To Ease Business Transaction

By Nuel Suji – The Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC), have signed a bilateral currency exchange deal that would ease business transactions between Nigeria and China. The deal, More...

By News Investigators On Tuesday, May 1st, 2018
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FG, International Consortium Sign Interim Phase Agreement For Rail Concession

By News Investigators – The Nigerian government on Friday signed an agreement with a foreign Consortium to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession. The signing of the More...

By News Investigators On Tuesday, May 1st, 2018
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“No Fire Incident At CBN Head Office” -Okorafor

By Nuel Suji – The Central Bank of Nigeria (CBN) has dismissed as untrue, reports that its head office in Abuja was engulfed in fire on Tuesday. Some media outlets (not News Investigators) had earlier reported More...

By News Investigators On Thursday, April 12th, 2018
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Nigeria’s Inflation Rate Drops To 13.34 Percent

By Nuel Suji – Nigeria’s inflation figure has dropped to 13.34 per cent, making it 0.99 percent less than the 14.33 figure recorded in February. Minister of Budget Planning Since the beginning of January More...

By News Investigators On Tuesday, April 10th, 2018
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Access Bank Introduces PayDay Loan On USSD Code *901*11#

By News Investigators – In a bid to provide quicker and instant access to loans for employees, Access Bank Plc has launched PayDay Loan, Nigeria’s first fully digital lending service. Access PayDay Loan More...

By News Investigators On Saturday, March 31st, 2018
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Unity Bank’s $1Billion Loan Talks With Milost Collapsed

By News Investigators- Milost Global Inc. has jettison its plan to provide $1 billion to Nigeria’s Unity Bank Plc, saying it received threats that it would be run out of the country if the deal continues. The More...

By News Investigators On Thursday, March 29th, 2018
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Senate Rejects $350M Foreign Loan Request For Kaduna, Lawmakers Say It’s “Misplaced, Unimportant”

By Nuel Suji – The Senate on Thursday rejected a $350million foreign loan request for Kaduna State government, with lawmakers describing the request as “misplaced priority” and “unimportant.” The senate More...

By News Investigators On Monday, March 26th, 2018
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PaySend Partners Access Bank To Spread FinTech Revolution In Africa

By News Investigators – PaySend, the money transfer company has continued to bring a new generation of money transfers to the African market through its new partnership with Access Bank Nigeria. Described More...

By News Investigators On Wednesday, March 21st, 2018
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JUST IN: NASS Agrees To Pass 2018 Budget April 24

By Nuel Suji – Speaker of Nigeria’s House of Representatives, Yakubu Dogara says the two chambers of National Assembly have resolved to pass the 2018 Appropriation bill into law on April 24. Mr. Dogara gave More...

By News Investigators On Thursday, March 1st, 2018
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UBA, China’s Dev. Bank Sign $100M Financing Deal

ABUJA/(News Investigators) – United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, on Tuesday announced the More...

By News Investigators On Monday, February 5th, 2018
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Fitch Upgrades Access Bank’s National Rating To ‘A+, CEO, Wigwe Hails Performance

By Nuel Suji – Fitch Ratings, a leading global rating agency, has upgraded Access Bank’s National Long-Term Rating to ‘A+ from ‘A. Even as it affirmed the Bank’s Long-Term Issuer Default Rating More...

By News Investigators On Friday, January 19th, 2018
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Access Bank Approves Paternity Leave For Employees

By Nuel Suji – Starting January 2018, male employees of Access Bank Plc can take advantage of an enhanced parental leave policy that extends paid benefits to all mothers and fathers. Fostering an inclusive More...

By News Investigators On Friday, January 19th, 2018
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Nigeria To Maintain Leading Role In AfDB -Osinbajo

By Nuel Suji – Nigeria’s Vice President, Yemi Osinbajo says the country will continue to play a leading role in the African Development Bank (AfDB) in order to advance efforts to boost regional integration More...

By News Investigators On Monday, January 15th, 2018
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Access Bank Upgrades Ombudsman To Boost Dispute Resolution

Consistent with its reputation for adopting best practices in all facets of its operations, Access Bank Plc has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between More...