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Fidelity Bank CEO Wins ‘Banker Of The Year’ Award

The Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has won the ‘Banker of the Year’ award at the Business Hallmark People of the Year Awards 2020. The award was conferred on Okonkwo, one of the foremost professional bankers in Africa, and indeed globally based on his innovative banking strategies and achievements, in recognition […]

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Senate Seeks Zero Duty, VAT Exemption On Aircraft, Spare Parts

The Senate on Tuesday urged the Federal Government to fully implement the Executive Order on zero customs duty and zero Value Added Tax (VAT) on importation of commercial aircraft and aircraft spare parts. This is even as it advised the Central Bank of Nigeria (CBN) to make foreign exchange easily accessible for investors in the […]

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CBN Flaws Black Market Protagonists’ Stance On Naira Value, Retains MPR

The Central Bank of Nigeria (CBN) on Tuesday flawed the position of parallel market rates protagonists on real value of the nation’s currency, insisting that their pressure to devalue the Naira is not logical. The CBN Governor, Mr. Godwin Emefiele, made this vow at the end of the 2020 Monetary Policy Committee (MPC) meeting, in […]

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Reps Passed PIB For 2nd Reading, 18 Yrs After Submission

The Petroleum Industry Bill (PIB) on Tuesday passed through for second reading at the House of Representatives after being dogged by controversies among lawmakers several years after its submission by the Executive for passage. Precisely, the PIB was initiated by the Executive Arm of government about 18 years ago to promote transparency in the nation’s […]

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Senate Approves Buhari’s N148.14bn Refund Request To Five States

The Senate on Tuesday approved President Muhammadu Buhari’s request for a refund of N148,141,969,161.24 to Rivers, Bayelsa, Cross River, Osun and Ondo State Governments for projects executed on behalf of the Federal Government. The approval was sequel to the consideration of a report the Senator Clifford Ordia-led Committee on Local and Foreign Debts. Ordia, during […]

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WTO DG: South Korea’s Myung-hee May Withdraw From Race

There are strong indications that South Korea may have decided to withdraw its trade minister, Yoo Myung-hee, from the World Trade Organisation (WTO) Director General’s race thereby paving the way for Nigeria’s candidate, Dr. Ngozi Okonjo-Iweala, to be confirmed for the position ultimately. U.S-based Washington Trade Daily (WTD) on Tuesday quoted people familiar with the […]

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OPEC Forecasts Brighter Outlook For Oil, Gas In Energy Market

The Organisation of Petroleum Exporting Countries (OPEC) on Monday projected brighter outlook for oil and gas demand in the next two decades with oil demand growing to 90 million barrel per day (bpd) in 2021. Secretary General of the organisation, Mohammad Barkindo, who gave these forecasts in his address at the Crescent Ideas Forum via […]

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FG Needs N500Bn Yearly To Upgrade Road Infrastructure – Fashola

The Minister of Works and Housing, Babatunde Fashola, on Monday said that the Federal Government would require a minimum of N500 billion yearly for the next three years to develop its 35,000 kilometres network of roads. The minister, who made the projection during an interactive chat with the Press Corps of the ruling All Progressives […]

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World Bank Forecasts 40-Year Low Per Capital Income For Nigeria

The World Bank on Monday predicted that Nigeria’s per capital income could ebb to its lowest value in 40 years as the volatility of the oil market globally continues to take huge toll on government’s earnings and overall performance of the nation’s economy. World Bank Country Director for Nigeria, Mr. Shubham Chaudhuri, made the latest […]

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Adamawa Governor Presents N140Bn Budget Estimates to Legislature

Governor of Adamawa State, Alhaji Ahmadu Umaru Fintiri, on Monday presented a budgetary proposal for the sum of N140,034,404,440 to the State’s House of Assembly for consideration as the state’s 2021 fiscal budget estimates . Governor Fintiri, who said the proposal would consolidate the socio-economic developments that had been recorded by his administration, urged the […]