General Electric, GE, a US multinational company, Tuesday in Abuja, proposed to invest in the nation’s three refineries located in Port Harcourt, Warri and Kaduna. GE, in a presentation to…
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Category: Economy
Diezani’s $153m: Court rules February on forfeiture
A Federal High Court Lagos on Tuesday fixed Feb. 16 to deliver judgment in a suit by the Economic and Financial Crimes Commission (EFCC) seeking forfeiture of funds linked to…
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(Updated) CBN MPC retains interest rate at record high
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) Tuesday voted to retain benchmark interest rates at record high of 14 percent. Central Bank Governor, Godwin Emefiele, announced that…
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FG releases N72b to China for Lagos-Ibadan railway
The Federal Government has released N72 billion counterpart funding for the construction of Lagos-Ibadan modernisation railway project. The Minister of Transportation, Mr Rotimi Amaechi made this known at the quarterly…
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Exclusive : FG set to pay local contractors with N2trn bond
Chidi Samuel In an effort to quickly expand the economy and push back from last year’s crippling recession which saw gross domestic product fall for four consecutive quarters for the…
Read More Exclusive : FG set to pay local contractors with N2trn bond