Economy
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FG suspends N-Power, begins investigation into irregularities
The Federal Government has suspended N-Power program indefinitely. Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, announced the indefinite…
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Blue economy will offer 350 million jobs — NIMASA DG
Dr Bashir Jamoh, Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), says the blue economy will offer 350 million jobs…
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FG to commence $617.7m investment in digital, creative enterprises in Nov
Vice President Kashim Shettima has directed the Investment in Digital and Creative Enterprises (i-DICE) team to ensure that the programme…
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HoReps urges FG to clear N226bn, $556m, £398,526 judgment debts
The House of Representatives has resolved to oversee the issuance of promissory notes for the judgment debts totalling $556,754,584.31, £398,526.17…
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Nigeria’s active mobile subscribers hit 220m – NCC
The Nigerian Communications Commission, NCC, said the number of active mobile subscriptions in the country has risen to 220,715,961 million…
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FG loses N847bn to gas flaring – NOSDRA
The Federal Government lost about N843bn to gas flaring between January 2022 and August 2023, data obtained from the National…
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Economic downturn: States borrow from banks to pay salaries
•Access, Fidelity, Zenith lend states N46bn in six months as govs battle poor IGR •Fiscal Responsibility Commission issues guidelines to…
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Naira among Africa’s worst currencies – World Bank
The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said. It noted that the currency…
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FG issues licences to 17 independent power distributors
The Federal Government has issued licenses to 17 Independent Electricity Distribution Networks operators, among which 10 are currently operational, the…
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23 oil blocks failed to produce crude –FG
No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production…
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