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NIRSAL MFB Mgt Cautions Public On Loan Fraudsters’ Patronage

Worried by the increasing wave of dubious activities of criminals posing as its staff and agents, the management of NIRSAL Microfinance Bank (NMfB) on Monday advised the public to be wary of patronizing such dubious agents for any credit or loan. The MFB management’s warning was sequel to news reports which indicated that unsuspecting members […]

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Okonjo-Iweala Tasks Nigerian Govt On Alternatives To Fossil Fuels

The new Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has met with President Muhammadu Buhari at the Presidential Villa, Abuja and tasked the government to consider policy initiatives that will encourage the private sector to invest in latest technologies that will minimize fossil fuels consumption as the only source of automobile […]

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N42Bn Debt: FG Urges Telcos To Sustain USSD To Banks, Parleys Firms

The Federal Government at the weekend appealed to telecommunication operators in the country to discontinue their planned suspension of Unstructured Supplementary Service Data (USSD) services to banks over the lenders’ N42 billion indebtedness. The Minister of Communications and Digital Economy, Isa Pantami, who made the appeal on Saturday in statement issued by his Technical Assistant […]

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AfDB Raises Concern About Africa’s Rising Debt-To-GDP Ratio

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has expressed concern about the burgeoning debt ratio of most countries in Africa to their Gross Domestic Product (GDP) , describing the debt profiles as unsustainable. Adesina expressed his worries about the countries’ growing level of indebtedness at the launch of the African Economic Outlook […]

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LCCI Advocates Dispute Resolution Framework Between Customs, OPS

The Lagos Chamber of Commerce and Industry (LCCI) on Sunday canvassed the need for the Federal Government to create an independent dispute resolution framework to manage conflicts between the Nigeria Customs Service (NCS) and the business community. The Director-General of LCCI, Dr Muda Yusuf, in a statement maintained that the presidential intervention had become inevitable, […]

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FG To Hasten Ogoniland Clean Up, Inaugurates Trust Fund Board

The Federal Government on Friday assured of its readiness to hasten Ogoniland clean up project as part of efforts to improve the socio-economic wellbeing of Ogoni people. To demonstrate its commitment to environmental remediation process in the Niger Delta region, the government also inaugurated the Second Governing Council of the Hydrocarbon Pollution Remediation Project and […]

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FG Apologises Over PPPRA’s Fuel Price Template Saga

The Federal Government has apologized to Nigerians over the confusion triggered by the latest petrol price template of N212.6 per litre released on Thursday by the Petroleum Products Pricing Regulatory Agency (PPPRA). The Minister of State for Petroleum Resources, Mr. Timipreye Sylva, who tendered the government’ss apology, explained that template was a mix-up and urged […]

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FG Rejects PPPRA’s N212.6 Petrol Pricing Template, As Agency Recants

The Federal Government has disassociated itself from the latest petrol price template of N212.6 per litre released by the Petroleum Products Pricing Regulatory Agency (PPPRA), saying it is not planning to raise fuel price for now. This is even as the Nigerian National Petroleum Corporation (NNPC) has ruled out any possible increase in fuel pump […]

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Nigeria Records -N7.37Trn Merchandise Trade Deficit In 2020

Nigeria’s total merchandise trade deficit last year worsened remarkably increasing to -N7. 37 trillion, as the COVID-19 pandemic negatively impacted across the broad spectrum of the economy, particularly the real sector. The latest ‘Foreign Trade in Goods Statistics (Q4 2020)’ report by the National Bureau of Statistics (NBS), indicated in the year under review, Nigeria’s […]

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Taiwan’s Insurance Value To Hit $8.3Bn In 2024 – Research Firm

Leading data and analytics firm, GlobalData, has projected that Taiwan’s general insurance value, in terms of gross written premium, would grow from $6.1 billion in 2019 to $8.3 billion in 2024. The latest projection by the firm was based on its revision of the country’s general insurance forecast following the COVID-19 outbreak. Specifically, GlobalData’s research […]