Saturday, March 6, 2021

Tag: Economy

Buhari rejects National Assembly’s peace deal on budget

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There were indications on Sunday that the National Assembly’s  peace moves with the executive over the 2016 budget crisis had flopped. The PUNCH learnt that...

Enugu to privatise 17 moribund industries, holds investment summit

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To drive sustainable economic growth in the face of dwindling allocation from the Federation Account, the Enugu State government has revealed plans to ‘commercialise...

Nationwide darkness worsens

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The epileptic supply of electricity across the country has persisted and is not likely to go soon as vandalism of pipelines has prolonged the...

Don’t expect regular fuel supply before May, Kachikwu tells Nigerians

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Hopes of speedy resolu­tion to the current fuel scar­city was yesterday dashed as the Minister of State for Pe­troleum, Mr. Ibe Kachikwu, disclosed that...

FG launches N10bn youths entrepreneural support project

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The Bank of Industry (BoI) on Thursday formally launched a N10 billion Youths Entrepreneurship Support (YES) project to empower youths with loans to start...

Inflation spirals to 11.4% on higher food prices, imported goods

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Despite the federal government’s refusal to devalue the naira, the Consumer Price Index (CPI), which measures inflation, rose significantly to 11.4 per cent in...

Fuel scarcity may linger till March end, NUPENG warns

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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Friday said that the ongoing fuel scarcity in the country might linger till...

N5,000 stipend is for the poor, not unemployed graduates – Presidency

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-The presidency has said that president Muhammadu Buhari never at any point during his 2015 presidential campaign made a promise of paying N5,...

VP Osinbajo, ex-CBN Governor ‘clash’ in Lagos over naira devaluation

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The Vice President, Yemi Osinbajo, on Saturday reaffirmed the position of the Federal Government that the country’s currency would not be devalued in spite...

‘Erratic naira’ now trading between 280 and 310

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The naira took a strange turn on Wednesday, trading at varying prices across different sections of the parallel market, appreciating by the highest leaps...