• nwegbu

    Nigeria, Still A Virgin Area In Mining – Nwegbu

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    Director General of the Nigerian Geological Survey Agency (NGSA) Alex Ndubuisi Nwegbu  in this interview with Ruth Tene speaks on the development of the sector, and explains that Nigeria is still a virgin area when it comes to mining. What are some of the specific roles, the NGSA is expected to play in this revolution?…

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  • Godwin-Emefiele-New-CBN-Gov

    Inflation Rate Rises To 11-year High At 16.5%

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    The Consumer Price Index (CPI) measuring inflation in the Nigerian economy has risen to its highest point of 16.5 per cent since 2005, reflecting the rising cost of goods and services in the country. The National Bureau of Statistics (NBS) yesterday released the consumer price index for June, which rose by 0.9 per cent from…

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    FDI: CBN Takes Campaign To US, UK

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    The Central Bank of Nigeria (CBN) has explained that the recent trip by its governor, Godwin Emefiele, and his deputy, Sarah Alade, to Britain and the United States is to allay fears by foreign investors about the nation’s economy and to win back their confidence. In a telephone interview with LEADERSHIP yesterday, CBN director, Corporate…

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  • Dr Abraham Nwankwo, Director-General, Debt Management Officer (DMO)

    DMO To Raise N120bn Bond To Fund Budget Deficit

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    The Debt Management Office (DMO) yesterday said it would raise N120 billion worth of bonds on July 13 to finance a portion of the estimated N2.2 trillion deficit in this year’s budget. Also, the federal government has announced that it would borrow around N900 billion from the local debt market for the same purpose. According…

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  • buhari and david cameron

    Brexit: The Pains And Gains For Nigeria

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    The United Kingdom (UK), recently voted to exit the European Union (EU), and this has generated a lot of shocks across the world, more so, due to the unexpected outcome of the votes. Though many expected a close tie in the referendum, it was however not expected that the ‘exit’ group will have their way…

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    No Nigerian Bank In Distress – CBN

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    The Central Bank of Nigeria (CBN) yesterday stressed that no bank in the country is distressed, even as it said its decision to infuse a new management into Skye Bank was a proactive one. The apex bank also reassured the banking and general public that there is no need for panic withdrawals from any bank…

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    Presidency, AMCON Align To Tackle Stubborn Debtors

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    Recently, President Muhammadu Buhari inaugurated the Presidential Inter-Agency Committee (PAIC) to further strengthen the loans/debts recovery drive Asset Management Corporation of Nigeria’s (AMCON). The move has been hailed by investment analysts many of whom described it as one of the silent achievements of the Muhammadu Buhari administration in its first year in office. With PAIC…

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    Hassan Usman Now Jaiz Bank Substantive MD

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    Jaiz Bank Plc yesterday announced the appointment of Hassan Usman as its substantive managing director. He is to run the affairs of the bank subject to the approval of Central Bank of Nigeria (CBN).  According to the bank, the decision was reached after a rigorous selection exercise where seasoned Islamic bankers within and outside the…

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  • BULK-Packs

    AMCON Takes Over Assets Of Bulk Pack Services Ltd

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    Bulk Pack Services Limited, a beverage package manufacturer and supplier owned by Alhaji Sani Dangote, the younger brother of Alhaji Aliko Dangote, has been taken over by the Asset Management Corporation of Nigeria (AMCON) as part of the Corporation’s recovery efforts. The Receiver, Mr Urua Essien, confirmed yesterday that he took effective control of the…

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  • Ajaokuta steel company

    Ukraine To Revive Ajaokuta Steel With $1bn

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    The Ukrainian Ambassador to Nigeria, Valeriy Aleksandruk, has disclosed that his country is ready to invest $1 billion into the Ajaokuta Steel Company in order to revive the plant, the Bureau of Public Enterprises (BPE) said in a statement yesterday. The Ambassador, who made this known in Abuja on Wednesday, during a courtesy call on…

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