Economy

Naira appreciated by 30.3% against dollar in 10 months

The naira has appreciated by 30.3 per cent since February when the Central Bank of Nigeria (CBN) began its aggressive interventions at the foreign exchange market, the News Agency of Nigeria (NAN) reports. The Nigerian currency had exchanged at N520 to the dollar at the peak of onslaughts by currency ...

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Ayade presents N1.3trn budget for 2018 to Cross River assembly

Cross River State Governor, Professor Ben Ayade has presented a budget of N1.3 trillion for the 2018 fiscal year to the state’s House of Assembly for deliberation and passage. Ayade, who presented the budget on Thursday in Calabar, said that the proposal was designed to add value to the socio-economic ...

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Petroleum scarcity looms as marketers set to confront NNPC in Lagos

Independent petroleum marketers in Lagos State have threatened to withdraw their services from Dec. 11 over NNPC’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre. The Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos State Chapter, on Wednesday said it was set for a ...

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Drama as states boycott FAAC meeting citing errors in revenue figures

The 36 states of the Federation on Thursday boycotted the monthly Federal Account Allocation Committee (FAAC) meeting due to discrepancies in figures presented by the Federal Government. The Chairman, Forum of Finance Commissioners in Nigeria, Mr Mahmoud Yunusa, said the forum came to the decision after consultation with their state ...

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CBN injects $210m into Forex market

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the bank injected has 210 million dollars into the inter-bank Foreign Exchange Market. The CBN Acting Director, Corporate Communications, Mr Isaac Okorafor in a statement issued on Monday in Abuja, said ...

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Buhari addresses NASS, presents N8.6t budget for 2017

President Muhammadu Buhari has presented about N8.612 trillion as the 2018 Appropriation bill to a joint session of the National Assembly, saying the projected expenditure would drive rapid economic recovery. He said at the sessionon Tueday that with a benchmark of 45 dollars per barrel at an exchange rate of ...

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AfDB lauds Nigeria economic progress, says no move to call off loans

The management of the African Development Bank has debunked the news making the rounds suggesting that the bank has called off loans to the country. Rather in a statement issued by the Director, Communication and External Affairs, Dr. Victor Oladokun on Tuesday, the bank lauded the country’s economic recovery efforts ...

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Training On Laptop,Desktop ,Phone Repair,Website Design ,Mobile Apps,CCTV et.c

Training on Video Production,Editing,Photography,Networking,Music Sound Production Training On Laptop,Desktop ,Phone Repair,Website Design ,Mobile Apps,CCTV et.c 2,154 total views, 20 views today

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Reps Leader, Gbajabiamila seeks better wages for workers

The Majority Leader of the House of Representatives, Mr Femi Gbajabiamila has said Nigerian workers deserve adequate remuneration in view of their contributions to the economy. Gbajabiamila spoke with newsmen after teaching more Senior Secondary School students in their classrooms in his Surulere 1 Federal Constituency. On Friday, the lawmaker ...

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Shehu Sani to FG: ‘You must borrow responsibly’

The Chairman, Senate Committee on Local and Foreign Debts, Senator Shehu Sani, says if Nigeria must borrow, it must borrow responsibly. Sani gave the advice in a meeting with the Ministers of Transportation; Finance; Budget and National Planning and Power, Works and Housing on Thursday in Abuja. The meeting was ...

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