Category: Economy
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Invest in agric to consolidate GDP growth, expert urges FG
A financial expert, Mr Okechukwu Unegbu, has urged the Federal Government to invest more in key infrastructure and agriculture sectors to consolidate growth in the country’s Gross Domestic Product (GDP). Unegbu, a former President, Chartered Institute of Bankers of Nigeria, made the call in an interview with our correspondent in Lagos on Friday. He spoke…
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SON evacuates 200 containers of substandard tyres in Ogun
The Standards Organisation of Nigeria (SON) has evacuated 200 containers of substandard tyres from a warehouse located in Obafemi Owode, a remote area in Ogun. Malam Farouk Salim, Director-General, SON, said the evacuation of the stuffed tyres was to prevent the product from entering the nation’s markets. Salim, represented by Mr Mike Dakhing, Director, Inspectorate…
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AKK Gas project will revive ailing industries, create jobs – Ganduje
Gov. Abdullahi Ganduje of Kano State has said that the Ajaokuta, Kaduna, Kano (AKK) Gas Pipeline project would have huge economic impact and create jobs in the state. This is contained in a statement issued by Director-General, Media and Public Relations to the governor, Ameen Yassar, on Wednesday in Kano. According to the statement, Ganduje…
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Harnessing Nigerian mineral resources, key to economic growth -UNILORIN don
Stephen Olufemi Oni, Ilorin A University of Ilorin don, Prof. Baba Abdullahi Alafara, has posited that Nigeria is abundantly and richly blessed with immeasurable mineral and material resources with high potential to solve the country’s needs if adequately and effectively harnessed. Prof. Alafara, who spoke while delivering his Inaugural Lecture in Ilorin, the Kwara state…
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FG says Lekki deep seaport will change Maritime economy
The Federal government says the Lekki Deep Seaport will be a significant game-changer in Nigeria’s Maritime economy with corresponding benefits to the West and Central sub-regions of Africa.The Permanent Secretary, Ministry of Transport, Dr Magdalene Ajani disclosed this in a statement by Anastasia Ogbonna, Assistant Director Press and Public Relations of the Ministry, in Abuja.Ajani made…
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Lagos govt pays 358 retirees N1bn for April
The Lagos State Government says it has credited the Retirement Savings Account (RSA) of 358 retirees with more than N1 billion for the month of April. Mr Babalola Obilana, Director -General, Lagos State Pension Commission (LASPEC ) announced this at the Retirement Bond Certificates Presentation to the 84th batch of the Contributory Pension Scheme (CPS)…
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3D Technology: Global growth tops $20 billion in 2020 — Expert
A printing technology expert, Mr Akinwole Akinpelu, has said that the worldwide 3D printing industry forecast recorded a rocketing growth of over 20 billion dollars against the projected 9 billion dollars in 2020. Akinpelu, Managing Partner, Stampar 3D Limited, made this known at a webinar organised by the Lagos Chamber of Commerce and Industry (LCCI)…
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Extend debt service relief to Nigeria, Investment Expert appeals to IMF
A Financial Analyst, Mr Moses Igbrude, has appealed to the International Monetary Fund (IMF) to extend debt service relief to Nigeria because of the second wave of COVID-19. Igbrude, who is the Chief Executive Officer of Ogu Investment, made the appeal in an interview with our correspondent in Lagos on Tuesday. According to him, including…
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CBN says oil imports gulped $1.32bn in 2020
The Central Bank of Nigeria has stated in a latest report that quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019. The CBN’s data on sectorial utilisation for transactions valid for forex revealed that $148.32m was utilised in January for oil imports; $145.23m in February, and $139.55m…
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Financial Autonomy For Judiciary: Lawyers Stage Protest In Ilorin
By Steve Oni, Ilorin Members of the Nigerian Bar Association (NBA), Ilorin branch, on Wednesday staged a peaceful protest in Ilorin, Kwara State capital, to drum support for calls for financial autonomy for the judiciary. The protesters who carried placards with various inscriptions besieged the Government House along Ahmadu Bello Way, G.R.A, Ilorin apparently to…