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Online Poster

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Nigeria to benefit from UK’s £1.2bn digital inclusion fund

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Nigeria is set to benefit from £1.2bn intervention fund, which the British government plans to pour into a number of countries to bridge access to communication. The Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar Danbatta, disclosed this following a meeting with a team from the United Kingdom’s Department of Foreign and International Development. Danbatta, […]

Retirees get N679.68bn pensions in 11 years –PenCom

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A total of N679bn has been paid as accrued pension rights to retirees from 2007 to September this year, the National Pension Commission has stated. In its update on the status of accrued right payment,PenCom said the money for the 2018 budget was released on September 27, 2018, which was used to make payments in […]

Dangote initiates World Puff-puff Day, targets Guinness record

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The President, Dangote Group, Aliko Dangote, has initiated a new project aimed at celebrating hardworking homemakers. The project, tagged the World Puff-puff Day, is to be celebrated on October 27 every year, according to Dangote Flour Mills. Two tonnes (40 bags of 50-kilogramme) flour were used at the maiden edition of the event, which held on Saturday, […]

$25bn lost to foreign ship owners in two years

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According to the Executive Secretary, NSC, Hassan Bello, over $9.08bn was paid as freight for dry and wet cargoes to foreign ship owners in 2015 due to the absence of Nigerian-owned fleet plying the international route. Bello disclosed this when members of the Nigerian Fleet Implementation Committee paid a courtesy visit to the Minister of […]

Only entrepreneurship can end Africa’s economic challenges –Elumelu

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Stakeholders and entrepreneurs under the Tony Elumelu Foundation have x-rayed the economic challenges facing in Africa and say that only entrepreneurship can transform the continent. They stated this at the 2018 TEF Entrepreneurship Forum in Lagos on Thursday night, where the foundation’s Chief Executive Officer, Mr Tony Elumelu, said the quest to retell Africa’s fiscal […]

Air Peace Lagos-Owerri flight makes air return

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Domestic airline, Air Peace, said on Friday that its Lagos-Owerri Flight 7252 returned to Lagos following loss of cabin pressure in the aircraft on Thursday. The Corporate Communications Manager, Air Peace, Chris Iwarah, who confirmed the incident in a statement, said the flight crew observed that there was a change in cabin pressure and decided […]

One govt withdrew N60bn from CBN in a day – Osinbajo

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Vice-President Yemi Osinbajo on Friday said a past administration withdrew N60bn from the Central Bank of Nigeria in one day with no one knowing the whereabouts of the money. Osinbajo stated this in Lagos where he inaugurated an independent power project built by a private developer, Solad Power Holdings, under the Federal Government’s Energising Economies […]

FG, States, LGAs Share N698.71bn For September

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The Federal Government, 36 States and FCT as well as 774 Local Governments  has shared N698.7billion for the month of September. The Minister of Finance, Mrs Zainab Ahmed, said this in Abuja, while briefing newsmen on the outcome of the Federation Account Allocation Committee (FAAC) meeting. Giving a breakdown of the revenue accrued in September […]

Fidelity Bank Earns N139.0 billion in 9 Months

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 By Udo ONYEKA  Fidelity Bank Plc has posted an impressive financial performance for the third Quarter of 2018 and is on course to finishing strong in the 2018 financial year. The lender’s 9-months financial results for the period ended September 30, 2018, released at the Nigerian Stock Exchange (NSE) showed a double-digit growth in revenues […]

Nigeria-China trade relationship favours China – Agbakoba

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A former President of the Nigerian Bar Association, Dr Olisa Agbakoba (SAN), has said the trade relationship between Nigeria and China is skewed in favour of China, with Nigeria getting nearly nothing. He argued that the bilateral relationship favoured China more because the Asian country had found in Nigeria a large market to keep pushing […]