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AfDB Grows Nigerian Portfolio To $6bn

President of African Development Bank (AfDB), Akinwunmi Adesina says the bank’s total active portfolio in Nigeria has grownto over six billion dollars. Adesina who revealed this in an interview on Wednesday in Abuja, said“The bank supports Nigeria very strongly. “When Nigeria...

Nigeria Loses $9bn To Illegal Mining

The Federal Government has disclosed that the nation has lost an alarming sum of $9 billion to the export of proceeds of illegal mining activities between 2014 and 2015. This is even as it has approved N987 million for the...

Farmers Laud CBN For Curbing Rice Importation

The All Farmers Association of Nigeria (AFAN) has extolled the Central Bank of Nigeria (CBN) for drastically reducing the importation of rice, wheat and fish, thereby boosting local production of rice and other agricultural commodities. AFAN spoke at their North-east...

Lagos Settles Bond Subscribers With N141bn

The Government of Lagos State has disclosed that it had paid a total sum of N141.59 billion to bond holders in its various fixed rate bond programmes. The bonds are the Lagos State N80 billion fixed rate programme 2, Series...

Senate Investigates N2bn Hydro-Power Fund

The Senate has mandated its committees on Power and Public Accounts to probe amounts running into over N2 billion, including interest accrued, and collected on behalf of the Hydroelectric Power Producing Areas Development Commission (HYPPADEC). Accordingly, the red chamber mandated...

Pump More Money Into Aviation- World leaders

President Muhammadu Buhari and other leaders from all over the world have advocated better funding and synergy in addressing various infrastructural challenges stunting the growth of the aviation sector, especially in Africa. Speaking in Abuja yesterday at the opening of...
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