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CBN Targets 80% Financial Inclusion By 2020

The Central Bank of Nigeria (CBN) has assured Nigerians that it would work aggressively towards increasing financial inclusion rate to 80 per cent, by cutting down the number of people excluded from the financial system to 20 per cent...

We Did Not Witdraw $400m Loan To Nigeria – AFDB

African Development Bank (AfDB) has restated its continuous effort to supported the federal government’s economic recovery efforts, denying reports it had cancelled a $400 million loan to Nigeria. Reuters news agency had reported that the Bank called off negotiations for...

Nigeria Loses $100bn Export Revenues

Executive Director, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo, has revealed that Nigeria lost over $100 billion of national export revenues between 2015 to 2017 due to the crash in oil prices. Awolowo who spoke in Abuja on Wednesday at...

NNPC To Establish Biofuel Plant In Ondo

In its avowed commitment to ensure unimpeded supply of petroleum products and safeguard the environment through reduction of carbon emission, the Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to...

Customs Seizes Bullet-Proof Cars In Ikoyi, Lagos

Nigeria Customs Service, (NCS) has impounded some bullet-proof vehicles from a park in Ikoyi, Lagos. According to the Customs, the operation was based on intelligence reports and ownership of the vehicles remains a mystery as nobody has come forward to...

VAIDS Collects Five Million Nigerians’ Assets, Income Data

The Voluntary Assets and Income Declaration Scheme has collected data of over five million corporate organisations and individuals in the country. This was disclosed in a statement issued by the VAIDS Office in the Federal Ministry of Finance on Wednesday. According...
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