Amid allegations of misuse of Paris Club Refunds by the 36 state governors in the country and deliberate refusal of the federal government to provide explanation on the disbursement of the funds, the ministry of finance on Monday said the disbursement process is transparent and targeted at specific objectives. The minister of finance, Mrs. Kemi…
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The Central Bank of Nigeria (CBN) yesterday offered a total of $180 million to meet bids for forwards, which includes requests for invisibles such as medicals, school fees and personal travel allowances valued at $43 million, through the inter-bank window. Confirming the figures, the Acting Director, Corporate Communications Department, CBN, Isaac Okorafor, said the wholesale…
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World Bank also played an important role. They appealed to China to let them do a comprehensive country report. The Chinese reluctantly agreed and in 1983 (after 3 years of work), the World Bank presented a 1,000 page report to the Chinese government.
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Ogun State Commissioner for Commerce and Industry, Otunba Bimbo Ashiru, has pledged to support Vitafoam Plc and Vono Furniture Products Limited, its subsidiary in developing a local content value chain in line with the programmes of the government.
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Rules and standards of the profession must be observed to promote sound financial institutions that support and facilitate economic recovery, Lagos State Governor, Akinwunmi Ambode, has said.
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Following the recent protest by Okomu community in Ovia South West Local Council in Edo State, Okomu Oil Plc has promised to sustain its Corporate Social Responsibility in the area.
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French generic medicine manufacturer, Biogaran has announced the acquisition of Nigeria’s Swiss Pharmaceutical company (Swipha) under a deal that would see the new owners intensifying local production of drugs in the country.
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Speaker of the House of Representatives, Yakubu Dogara, has said thatn the establishment of the Federal Competition and Consumer Protection Commission, passed by the House will help pull Nigeria out of recession. According to a statement signed by his Special Adviser on Media and Publicity, Turaki Hassan, Dogara stated that the two economic bills, Public…
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The Consumer Protection Council (CPC) has instituted an investigation into the safety of additives in Nigerian Bottling Company’s Fanta and Sprite with a view to safeguarding consumers. The Council’s action came on the heels of a recent court judgment which alleged that consumption of Fanta and Sprite, two products of Nigerian Bottling Company (NBC), could…
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Engr Sanusi Abdu Fari yesterday emerged as the new president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), in a congress that took place in Abuja. According to a press statement signed by Chief Lawrance Kanu, Engr Fari will now run as the president of the association for the next three years. He replaced…
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The minister of Budget and National Planning Sen. Udoma Udo Udoma has called on Ministries, Departments and Agencies to rise up to their feet as one in order to achieve the National Economic Recovery Plan. According to a press release signed by the Ag. Director of information Mr. Bem Goong, the minister made this call…
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Lekoil targets 10000bpd as production begins from Otakikpo fieldVanguardLEKOIL, an indigenous oil and gas exploration and production company, said it is targeting oil production of 10,000 barrels per day (bpd) by the end of second quarter of 2017, foll…
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|Delta boosts 77 YAGEPreneurs with 154 fish pondsVanguard
UGBOKODO—DELTA State Government has commenced the allocation of fish ponds to beneficiaries of its 2016 Cycle of the Youth Agricultural Entrepreneurs Programme, YAGEP, who recently completed their three-month training in fish production.
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Obinna Chima Following a meeting with G20 finance ministers and central bank governors, the World Bank Group President Jim Yong Kim has announced that the Bank would be investing $57 billion in financing for Sub-Saharan African countries over the next three years. According to a statement, the bulk of the financing – $45 billion – […]
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The Nation Newspaper
|Consortium acquires KeystoneThe Nation Newspaper
The Sigma Golf – Riverbank consortium was yesterday declared the new owners of Keystone Bank Limited. Sigma Golf – Riverbank consortium is made up of Sigma Golf Nigeria Limited and Riverbank Investment Resources, both entities set up by local …UPDATE 1-Nigerian ‘bad bank’ AMCON sells Keystone Bank to local investors
ReutersBreaking: AMCON sells keystone Bank
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