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Oluwasina Phillip The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that First Bank of Nigeria is too big for any individual to claim ownership of the country’s oldest bank. The apex bank boss further said that it would be a big blow on the Nigerian banking …

Oluwasina Phillip The Minister of Industry, Trade and Investment, Niyi Adebayo, has said the African Continental Free Trade Area Agreement implementation plan is currently undergoing adoption in the participation Ministries, Departments and Agencies of government. According to the minister, the implementation plan is geared towards ensuring that all existing policy …

The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, said on Monday that the ministry had disbursed N56.84bn of the N75m Micro Small and Medium Enterprises Survival Fund to 835,161 beneficiaries. Ngige, who said the fund was to strengthen the MSME sector, gave the breakdown of …

Oluwasina Phillip The Nigerian Communications Commission (NCC) on Tuesday warned telecom users/consumers not to fall prey to the activities of fraudsters bent on swindling them on Davido’s N250m donation to orphanages across Nigeria. In a statement which was released on Tuesday, the Commission said it discovered while undertaking online social listening that an …

Ebuka Daniel The Federal Government is planning to replace fuel subsidy with a N2.4trn annual transportation grant to about 40 million poorest Nigerians. The Minister of Finance, Budget and National Planning, Zainab Ahmed,  said on Tuesday that this will be implemented  by 2022. According to the minister, the subsidy will …

Senate President Ahmad Lawan, on Tuesday, gave the Senate Committee on Appropriations till Wednesday this week to conclude budget defence by subcommittees of the upper chamber. Lawan who gave the directive at the plenary explained that the ultimatum became necessary in keeping with the December 14 timetable for the passage …

Oluwasina Phillip The Secretary, National Action Committee on the African Continental Free Trade Area, Francis Anatogu has said that the first strategic goal in its implementation plan is to grow export capacity of every state in Nigeria to the tune of $1.2bn. He said this on Monday in Abuja while …

Ololade Omosan-Agie The Director-General of the National Automotive Design and Development Council, Jelani Aliyu has spoken at the IATF, Intra-Africa Trade Fair, in Durban, South Africa. The IATF is a multinational trade fair and conference aimed at bringing Africa’s over 55 countries together to showcase their relavant products and services …

The President of the Nigerian Russian Business Council, Adetokunbo Kayode on Monday said that Nigeria is ready to do business with Russia to boost its economy. Kayode also called on Russia to assist Nigeria towards resuscitating the Ajaokuta Steel Mill Plant to fast track the country’s industrialization. He made the …

Ololade Omosan-Agie The Nigerian economy contracted during the third quarter of this year from a Gross Domestic Product growth rate of 5.01 per cent in the second quarter to 4.03 per cent in the third quarter. This was disclosed in the third quarter Gross Domestic Product report which was released …