19 May 2022
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Inflation Rises To 16.82% In April 2022 - NBS

The National Bureau of Statistics, NBS, said inflation rate rose to 16.82 percent in April  2022, representing a 0.90 percent rise when compared to 15.92  per cent recorded in March 2022. The bureau also said that the composite food index rose year......

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UK Uncovers Fresh $23.4m Abacha Loot

The National Crime Agency (NCA) in the UK says it has recovered $23,439,724.98 loot believed to have been siphoned out of Nigeria in the 1990s by the associates and family of former Head of State, General Sani Abacha. According to a communique issued......

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Over 5,000 Debtors Owe FG N5.2trn, Says Finance Minister

Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed has said the Federal Government will enforce the recovery of N5.2 trillion debt owed by over 5,000 debtors through various Ministr......

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BUA Chairman, Alhaji Abdulsamad Vows Not To Increase Products’ Price During Ramadan

The Chairman, BUA Group of Companies, Alhaji Abdulsamad Isyaku Rabiu, has promised Nigerians that the company will not increase the price of its products now or during the upcoming Ramadan period. BUA’s representative in the northern region, Alhaji Muhammadu Adakawa, disclosed this during a...

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President Buhari Suspends Proposed Removal Of Petrol Subsidy Indefinitely

President Muhammadu Buhari has approved the suspension of the planned removal of petroleum products subsidy until further notice. This was disclosed to State House Correspondents on Tuesday by the Minister of State for Petroleum Resources Chief Timipre Sylva at the Presidential Villa, Abuja. A...

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President Buhari Unveils 1 Million Bags Of Rice Pyramids In Abuja (Pictures)

The Executive Governor of Jigawa state Alhaji Mohammed Badaru Abubakar joins President Muhammadu Buhari to unveil the FCT MEGA rice pyramids in Abuja. The One million paddy rice stacked in 15 separate pyramids in Abuja, is in collaboration of the CBN with the Rice Farmers Association of Nigeria (...

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Nigeria's Debt Stock Hits ₦39.6 Trillion In 11 Months

Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government borrowed N6.7tn between January and November 2021...

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Nigeria To Pay More For Petrol Subsidy As Oil Prices Hit Two Month High

Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of production capacity and limited investment in the sector could lift crude between $90 and $100 a barrel this year.   Specifically, tight supply and easing concerns about the potential hit to...

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NDDC Audit: We'll Recover Every Missing Fund, Culpable Person'll Face Law, Buhari Vows

President Muhammadu Buhari Thursday in Abuja said the concluded forensic audit of the Niger Delta Development Commission (NDDC) was being reviewed, with a view to recovering every kobo that is recoverable, while those found culpable will face the law. Speaking at the virtual commissioning of the ...

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Gov. Ikpeazu Launches 'Easy-Credit' To Grant Abia Traders, Artisans Access To Funding

As part of efforts to boost small and medium sized businesses in Abia as well as stimulating economic growth, the State governor, Okezie Ikpeazu has unveiled Easy-Credit, a product of the Abia SME Microfinance Bank Limited. The product seeks to provide access to funding to Mico SMEs, particul...

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Emirati Minister Insists It’ll Be Unreasonable To Retain Air Peace Slots At Sharjah Airport After Nigeria-UAE Row

Amid the ongoing diplomatic fireworks between Nigeria and the United Arab Emirates, the Emirati Minister of Economy, Abdulla Bin Touq Al Marri, has said that it is unreasonable for the Arab nation to retain the slots of Nigeria-based Air Peace airline at the Sharjah International Airport. The min...

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Economic Diversification With Focus On Non-Oil Exports Is On Course – Osinbajo

The Vice President, Professor Yemi Osinbajo, believes Nigeria is on the right path to economic diversification focusing on non-oil exports, with the zero-oil plan actively promoted by the Nigerian Export Promotion Council (NEPC). Professor Osinbajo stated this on Thursday when he received a deleg...

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Fresh Borrowing: Reps Approve Buhari’s $16bn, €1bn Loan Requests, $125m Grant

House of Representatives, yesterday, approved President Muhammadu Buhari’s request for new externally borrowing comprising $16.2 billion and €1.020 billion. The House also approved a grant component of the external funding plan amounting to $125 million in the President’s request. The ap...

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Trade Fair: Benjamin Kalu Hails Made-In -Aba Products (Photos)

The Member representing Bende federal Constituency and the Spokesperson of the House joined the Made in Aba Trade Fair in Abuja with an assurance of facilitating access to loan facilities for the artisans. At the trade fair which commenced on the 8th of November, 2021 at the FCT Sports Centre...

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