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SENATE CONFIRMS LAMIDO YEHUDA AS DIRECTOR GENERAL OF S.E.C

The senate has confirmed Mr. Lamido Yehuda as Director General of the Securities and Exchange Commission (SEC). This was disclosed by the Personal Assistant to President Muhammadu Buhari on New Media- Bashir Ahmad via his twitter handle. Also confirmed as full time commissioners of the commission were Reginald C. Karausa, …

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CBN UNVEILS GUIDELINES FOR STAKEHOLDERS INTERESTED IN HEALTHCARE RESEARCH AND DEVELOPMENT FUND

The Central Bank of Nigeria (CBN) has unveiled guidelines for stakeholders interested in accessing the newly introduced five hundred million Naira intervention fund for local Healthcare Research and Development. This was contained in the recent report by the CBN, noting that the scheme would be funded from the developmental component …

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C.B.N APPROVES REGULATORY LENIENCY OF CREDIT FACILITIES AS PART OF MEASURES IN CURBING THE IMPACT OF COVID-19

The Central Bank of Nigeria (CBN) has approved regulatory forbearance for the restructuring of credit facilities in the Other Financial Institutions Sub- Sector, as part of its monetary and Financial Policy measures in mitigating impacts of COVID-19 pandemic on households. This was contained in a circular issued by the CBN …

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WORLD BANK APPROVES THREE HUNDRED AND FORTY SIX MILLIONS DOLLARS TO STRENTHEN LIVELIHOODS IN THE LAKE CHAD

A sum of three hundred and forty- six million dollars has been approved by the World Bank to finance the International Development Association to help strengthen livelihoods in the Lake Chad Region, close the gaps in Infrastructure and access basic services caused by severe climate change. This was made known in …

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MINERS GET MATCHING ORDERS TO PRODUCE QUALITY BARITE TO MEET IMPORT STANDARD

Association of Barite Miners and processors in Nigeria have been called upon to match the import quality and price of barite to match the international standard. The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite made the call when the association of barite miners and processors paid him a …

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FG TO REVISIT BILATERAL AGREEMENT WITH THE GOVERNMENT OF BRAZIL.

  BY OBED SAMBE The federal government has promised to revisit the pending bilateral investment agreement with the government of Brazil. The Minister of industry, trade, and investment Otunba Richard Adebayo disclosed this when he received a high powered delegation from brazil embassy in Nigeria to his office in Abuja. …

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FEDERAL GOVERNMENT PLEDGES TO GIVE FIVE BILLION NAIRA TO MINERS ASSOCIATION

Federal Government has pledged to give full access of the five Billion Naira intervention fund to Miners Associations of Nigeria. The Minister of Mines and Steel Development, Mr Olamilekan Adegbite disclosed this when he received in audience the five Miners Associations of Nigeria in Abuja. Mr Adegbite said Government is …

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PRESIDENT BUHARI WOOS TOYOTA GROUP TO INVEST IN NIGERIA

By Ile Emeje President Muhammadu Buhari says Nigeria has the capacity to collaborate with foreign companies for high-level investment that would bring positive returns to Nigeria. The president made this known during a bilateral meeting with top officials of Toyota Group at the Seventh Tokyo International Conference in Japan. According …

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SMEs, ENGINE ROOM FOR GROWTH AND DEVELOPMENT

BY JOY ITIEKHAO Small and medium scale Enterprises SMEs have been described has the engine room for the growth and development of the nation and create further awareness on the potential and roles the SMEs is expected to play in the sector. The Permanent Secretary, Ministry of Mines and Steel …

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THE MINISTER OF STATE FOR PETROLEUM CHIEF TIMIPRE SYLVER VOWS TO REDUCE THE COST OF CRUDE OIL PRODUCTION

The  Minister of State for Petroleum Resources Chief Timipre Sylva Has vowed to reduce the cost of crude oil production as part of his agenda for the Oil and Gas Sector in Nigeria. Chief Timipre Sylva disclosed this when the Country Chair and Managing Director of Total E & P …

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