Economy

By Maxwell Adeyemi Adeleye Nigerian National Petroleum Corporation (NNPC) says N145 price of Premium Motor Spirit (PMS), popularly known as petrol, has not been increased. The Group General Manager, Group Public Affairs Division, Garba Deen Muhammad, made the statement in Abuja on Wednesday at a news briefing. At an Oil Trading and Logistics Expo in Lagos, the Group General Manager, ...

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By Olaolu Oladipo, Lagos A former Governor of Kwara State, Chief Cornelius Adebayo, has called for a comprehensive restructuring of Nigeria, to a true and functional federal state. He said that is the only way Nigeria can effectively solve the current economic challenge. He said this in Lagos, during a book reading event to celebrate Ambassador Humphery Orijako on his ...

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Lagos State Governor, Mr. Akinwunmi Ambode, with Patron, Nigerian-British Chamber of Commerce, Chief Micheal Olawale-Cole; immediate Past President, Prince Yemi Adefulu; Asiwaju Fola Osibo during a courtesy visit to the Governor, at the Lagos House, Ikeja, on Tuesday

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By Joshua Olalekan, Lagos Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday expressed delight at the emergence of Lagos as the fifth largest economy in Africa, just as he said his administration is in the process of setting up an Economic Management Team comprised of distinguished individuals from the private sector and the public sector to manage and scale up ...

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By Maxwell Adeyemi Adeleye The Vice President, Prof. Yemi Osinbajo is to lead a 30,000-man prayer convention to pray for Nigeria’s economic recovery, slated to hold in Abuja from Nov.16 to Nov. 19. Mr Cosmos Uzodinma, member, 2016 Africa Convention Abuja (ACA), said the convention is being organised by the Full Gospel Business Men’s Fellowship International-Nigeria (FGBMFI). Uzodinma, via a ...

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According to a publication by the United Nations’ Global Multi Dimensional Poverty Index, the state of Osun, ranks second in the list of states with lowest poverty rate in Nigeria with 10.9%, coming behind Lagos state, which is number one with 8.5%. This report was based on data collected between 2004 and 2014.

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The Osun Coordinator of Standard Organisation of Nigeria (SON), Mr Sunday Badewole, on Monday said the importation of substandard goods into the country was an integral part of corruption that must be dealt with.

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  By Maxwell Adyemi Adeleye Lagos State Governor, Mr. Akinwunmi Ambode, his counterparts in Oyo and Osun States, Senator Abiola Ajimobi and Ogbeni Rauf Aregbesola on Monday said that if the nation must make meaningful progress, the family, which is the mirror by which any society is measured, must be strengthened. The trio, who spoke at the opening ceremony of ...

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By Maxwell Adeyemi Adeleye The 36 states got N143.6 billion from the federation account in September as their share of distributable revenue generated for the month.

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By Maxwell Adeyemi Adeleye   Minister of Mines and Steel Development, Dr Kayode Fayemi, has called on mining companies, especially large scale operators, to key into the Federal Government N30 billion intervention fund for mining exploration.   Fayemi made the call in Abuja on Friday when he received members of Allied African International Mining Company in his office, according to ...

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