The Nigerian National Petroleum corporation (NNPC) has said that it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV) respectively from July 2018 to July 2019.The NNPC July 2019 Monthly Financial Report that made this disclosure, added that the corporation also remitted N27.23billion to the Federation Account through the Federation Accounts
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The Vice President Professor, Yemi Osinbajo, has applauded the Prof Pat Utomi, Chairman Integrated Produce City in Edo State for investing $136 million in the agricultural sector.The vice president, represented by Governor Adams Oshiomhole said: “The timing of the project couldn’t have been better.“Not just because it confirms what we
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The Nigerian economy is in recession, figures released by the National Bureau of Statistics on Wednesday has confirmed. The statistics bureau said the second quarter 2016 Gross Domestic Product (GDP) declined by -2.06 per cent. Annual inflation rose to 17.1 percent in July from 16.5 percent in June, and food
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Aero Contractors Airlines, the Nigeria’s second largest commercial carrier has suspended its scheduled services beginning from Thursday September 1, 2016.this was contained in a statement released on 31 August by the carrier’s management, it says that the airline had faced grave challenges in the past six months which impacted its
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A staff of one of Nigeria's new generation bank is still bitter that his salary and that of many staff were slashed by the management of the bank without proper notification even with the hardship going on in the country. In an Email message sent to Pulse, the staff who did
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-Anietie UdobitNigeria has slipped into recession, with the latest growth figures showing the economy contracted by 2.06% between April and June. The country has now seen two consecutive quarters of declining growth, the usual definition of recession. Its vital oil industry has been hit by weaker global prices, according to the Nigerian
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A statement released by the Central Bank of Nigeria CBN revealed that it has issued licenses to 11 new International Money Transfer Operators (IMTOs). This was disclosed yesterday August 30th by Isaac Okorafor the apex bank's Acting Director, Corporate Communications. The new entrants will join Western Union, MoneyGram and Ria,
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-Anietie UdobitOn his first trip to sub-Saharan Africa Facebook CEO Mark Zuckerberg has made a surprise visit to Nigeria, Africa’s most populace nation (170-milllion people) and Facebook's FB -0.56% largest market with 16-million users. “This is my first trip to sub-Saharan Africa,” Zuckerberg said in a Facebook post. “I’ll be meeting
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A private mining group headed by Mr. Hugh Morgan, has made a potentially “high grade” Nickel discovery in Nigeria, The Australian reports. The discovery of Titan is rumoured to be close to Dangoma, a small farming town in the outskirts of Kaduna State. According to the newspaper, the discovery is unusual
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Rice as one of the most delights of Nigerians suddenly, went out of the reach of some average families. Some barely can afford to eat rice two times a week while those who buy big bags now result to small bags. However the reality is that Nigeria families can't wait
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