Category: Economy
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2018 Budget: Saraki remarks at NASS public hearing
It is my pleasure to welcome you all to the Joint National Public Hearing on the 2018 Budget. When the first joint session took place last year, the conclusion was indicative of our intention to make this an annual event, and we are keeping to that resolve. In the 8th National Assembly, we believe that…
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JUST IN: 2018 Budget sees light as NASS holds 2nd joint public hearing
The 2018 Budget is seeing the light of day as the National Assembly (NASS) has converged to hold a second Joint Public Hearing on the 2018 appropriation bill in order to receive inputs and ensure inclusiveness of citizens, stakeholders and development partners. TheNewsGuru reports the public hearing is holding at conference room 022, ground floor…
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CPC to investigate content of sachet milk, other products
The Consumer Protection Council (CPC) has revealed concluding arrangement to commence investigation into the actual grammage of sachet goods against what is obtainable in the markets. Abiodun Obimuyiwa, a Deputy Director in the CPC made the assertion in an interview with the News Agency of Nigeria in Lagos on Sunday following complaints by consumers. He…
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2018 Budget delay: NASS not responsible – APC lawmaker
A member of House of Representatives, Mr Nicholas Ossai (Delta-APC), on Wednesday urged Nigerians to hold the Executive accountable for the delay in the passage of 2018 Appropriation Bill. He told News Agency of Nigeria Abuja that apart the Bill being late November, 2017, Ministries, Departments and Agencies (MDAs) had refused to go before relevant…
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Gov. Wike woos leading European investors
Rivers State Governor, Nyesom Ezenwo Wike has declared that his administration has implemented sound economic policies and programmes that have made the state the investment destination of Nigeria. Speaking during a Special Investment Programme Organised for Rivers State by the Financial Times tagged: “Invest in Rivers State ” at their headquarters in London on Tuesday,…
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Oil prices rise towards $70 fueling more subsidy fears
Oil markets signalled a new high for oil prices Monday as prices climbed on the back of a drop in the number of United States rigs drilling for more production. This also follows the continuing United States economy creating jobs, which fuels industry hopes for a higher fuel demand. The rise in oil prices has…
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Trump top economic adviser Gary Cohn resigns
Gary Cohn, the top economic adviser to U.S. President Donald Trump and a voice for Wall Street in the White House, said on Tuesday he would resign, a move that came after he lost a fight over Trump’s plans for hefty steel and aluminum import tariffs. The departure of Cohn, director of the National Economic…
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DPR sanctions 6 erring petrol stations in Warri, environs
The Warri Zonal Office of the Department of Petroleum Resources (DPR) has sanctioned six erring petrol stations in Warri and its environs. The Warri Zonal Operations Controller, Mr Antai Asuquo, disclosed this to newsmen on Tuesday in Warri shortly after a surveillance exercise. Asuquo, who led the surveillance team, said the petrol stations were sealed…
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Tech development: World Bank approves additional $3 million for Nigeria
The Federal Government on Monday said the World Bank has approved additional financing of $3 million to stimulate global competitiveness of raw materials for a diversified economy in Nigeria. Vice President Yemi Osinbajo stated this at the opening ceremony of the 2018 Technology and Innovation Expo in Abuja. The World Bank had in the first…
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We will deliver local rice below N10,000 per bag – Bagudu
Gov. Abubakar Bagudu of Kebbi says the state will work together with farmers and millers under the Federal Government’ Anchor Borrower Programme to deliver local rice below N10,000 per bag. The governor gave the assurances Sunday night in Birnin Kebbi at a dinner hosted in honour of the Minister of Information and Culture, Alhaji Lai…