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‘Nigeria can earn $10bn annually from Shea butter exports’

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The Executive Director/Chief Executive Officer, Nigerian Export Promotion Council, Mr Olusegun Awolowo, has said Nigeria can earn about $10bn annually from the exportation of shea butter, if the right investments are made to grow, harness and process it to international standard. He said shea butter exports could surpass oil in foreign exchange earning for Nigeria. […]

FG, states, LGs record N43bn shortfall in allocation

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The Federation Account Allocation Committee on Thursday night distributed N698.71bn to the three tiers of government as September allocation. The amount represents a decline of N43.13bn over the N741.84bn shared in August. The amount was shared at the FAAC meeting, which was presided over by the Minister of Finance, Mrs Zainab Ahmed. A breakdown of […]

Reps panel asks SEC to take over Capital Oil

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A sub-committee of the House of Representatives on Capital Market and Institutions on Thursday asked the Securities and Exchange Commission to take over Capital Oil Plc for allegedly defrauding shareholders of more than N5bn. The committee, which is chaired by a lawmaker from Lagos State, Mr Tony Nwulu, is investigating the level of compliance with […]

EZINNE DOROTHY OSAMGBI FOR BURIAL

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Death has been announced of Ezinne (Mrs.) Dorothy Ndukoso Osamgbi (Nee Eluemunor), of Nnikwu, Umuaji Quarters, Asaba. She was aged 85years. A devout Christian of the Holy Roman Catholic Church, she was a successful business woman and an accomplished civil servant, who retired from the services of the then Bendel State Hospital Management Board. In […]

FG Determined To Deliver On ERGP 2020 – Finance Minister

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The Minister of Finance, Mrs Zainab Shamsuna Ahmed has said the 2019 general elections will not hamper on its Economic Recovery Growth Plan (ERGP) target of 2020, saying the Federal Government is committed and focused on delivering on the set goals. The Minister stated this recently while speaking as a panelist on the sustainable economic […]

FIRS urges diversification of revenue sources

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The Federal Inland Revenue Service (FIRS) has urged the Federal Government to intensify efforts at diversifying revenue sources to support budget. Its Executive Chairman, Chairman, Babatunde Fowler, who spoke yesterday  in Abuja at the opening of a two-day second annual meeting of the Nigerian Research Tax Network (NRTN), said: “There is now widespread recognition of […]

NCC assures academia of partnership for industry growth

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The Nigerian Communications Commission (NCC) yesterday said it would collaborate with the academic community to sustain the growth in the telecoms sector for the overall development of Nigeria. Its Executive Vice Chairman, Prof. Umar Garba Danbatta gave the assurance at Bayero University Kano (BUK),  while addressing stakeholders during a two-day roundtable with members of the […]

PRESS RELEASE FOR THE INVESTORS’ CAPACITY BUILDING AND TRAINING SESSION

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Lagos, Nigeria: Further to the launch of the Nigerian Green Bond Market Development Programme (the “Programme”) into the Nigerian debt capital markets in June 2018, the Parties – FMDQ OTC Securities Exchange (“FMDQ”), Financial Sector Deepening Africa (“FSD Africa”) and Climate Bonds Initiative (“CBI”) – executed the maiden Investors Capacity Building and Training Session (the […]

Access Bank Declares N62.9bn Profit In Q3

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By Udo ONYEKA Access Bank Plc has announced a Profit after Tax (PAT) ₦62.9billion, which was 12 per cent increase when compared to ₦56.4billion of which subsidiary contribution increased to 32 per cent, from 15 per cent from the corresponding period. Also the bank’s top line earnings of ₦375.2 billion for the nine months ended […]

Reps approve Buhari’s $2.7bn loan request, $82.54m to refinance Eurobond

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The House of Representatives has approved President Muhammadu Buhari’s request to raise $2.7bn from the international capital market. The House gave the approval at its sitting in Abuja on Tuesday, which was presided over by the Speaker, Mr Yakubu Dogara. Lawmakers also gave the President the nod to raise $82.54m “to refinance the balance of […]