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NCC targets $25bn investment on broadband infrastructure
The Nigerian Communications Commission says the National Broadband Plan of the Federal Government can attract over $25bn in Foreign Direct Investment in the next five years. The Executive...
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ECOWAS countries seek $26bn for regional electricity
Member countries of the Economic Community of West African States (ECOWAS) are planning to raise about $26.416 billion for the completion of various critical electricity generation and transmission...
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Kogi SURE-P disburses N210m to participants
By Abdullahi Ibrahim The Kogi State coordinator of Subsidy Re-investment and Empowerment Programme (SURE-P), Alhaji Abdullahi Ohioma, has said that N210 million had been disbursed to participants of...
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Court orders Finance Minister to disband tax appeal tribunal
Finance Minister, Dr Ngozi Okonjo-Iweala A Federal High Court in Abuja has restrained Tax Appeal Tribunals established by the Federal Inland Revenue Service (FIRS) from adjudicating on tax matters...
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Okonjo-Iweala: FG targets N2.95tn non-oil revenue in 2014
In its determination to broaden its revenue base, the federal government Wednesday said it was targeting N2.95 trillion in tax revenue from the non-oil sector in 2014 by tightening the noose around tax...
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FEC approves N42billion contracts for rehabilitation of roads
The Federal Executive Council (FEC), on Wednesday approved N42 billion contracts for the rehabilitation of roads across different states of the federation. The Minister of Works, Mr Mike Onolememen,...
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FG approves N10bn for conditional cash transfer scheme
The Federal Government has approved N10 billion to improve the services of the Conditional Cash Transfer (CCT) scheme. This is contained in a statement issued by Mr Desmond Utomwen, the Media and...
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Chime assures electricity for all Enugu community before 2015
Governor Chime Sullivan of Enugu state The Enugu State Government has assured it would provide electricity to the few remaining communities in the state that are let to be electrified before the...
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Tax system: Nigeria ranks 170 among 189 nations
Minister of Finance,Dr Ngozi Okonjo-Iweala A report by PricewaterHouse Coopers on tax regimes has ranked Nigeria’s tax system 170 out of 189 countries where the study was conducted. The paying taxes...
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Profit-taking persists at stock market
The bearish trend continued Tuesday at the stock market for the second day as investors continued to take profit after days of price rally. Following a bull run that boosted many equities, some...
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Govt moves to slash tariffs on imported rice as yuletide approaches
The Federal government is considering to review downwards the 110 percent import duty and levy on imported rice ahead of the yuletide season to curb smuggling on the commodity and loss of revenue to...
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Fresh trouble in Reps over oil benchmark price
LEGISREPORTS NG – A fresh crisis may be brewing on the controversial Medium Term Expenditure Framework (MTEF), as a member of parliament, Samson Okwu yesterday protested over the Six-man conference...
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Resolve unclaimed dividend issue, govt urges SEC, NSE
The Federal Government yesterday urged the authorities of the Securities of Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to find lasting solution to the lingering crisis of unpaid...
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Chinese authorities confiscate 10,000 Nigeria bound fake clippers
Wahl Clipper Corporation and Chinese authorities have raided the factory of Yongkang Wonderful Electrical Appliance Company, which specialises in producing fake clippers exported to Nigeria. “The...
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Fashola slams FG over missing N2.3tn subsidy funds
Lagos State Governor Babatunde Fashola of Lagos State has slammed the Federal Government over the mismanagement of N2.3 trillion allegedly missing oil subsidy funds from the Federation Account, saying...
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Government moves against corporate tax evaders
The Federal Executive Council on Wednesday gave its nod to the move by the Federal Inland Revenue Service to strengthen non-oil tax and revenue collection. It also awarded contracts for five road...
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Niger Delta militants not responsible for recent oil theft – Amnesty office...
The presidency yesterday blasted the interim National Publicity Secretary of the All Progressives Congress, Lai Mohammed, for calling its amnesty programme for repentant Niger Delta militants, a drain...
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CBN takes cashless campaign to Abuja Market
CBN Governor The Central Bank of Nigeria (CBN) has taken its cash-less sensitization campaign to Wuse ultra-modern Market, Abuja. The campaign was given a big boost with the presence of Charly Boy and...
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Kogi demands 50% derivation from solid minerals exploration in the state
By Abdullahi Ibrahim The Kogi State Government has asked for 50% derivation from solid minerals located and explored in the state as against 13% earmarked for solid minerals producing states. Mr Yomi...
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British consumer morale dips for second month in November – GfK
A shopper waits outside a store in Oxford Street in central London August 15, 2013.CREDIT: REUTERS/TOBY MELVILLE British consumer morale fell for a second consecutive month in November, marking the...
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