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Nigeria, Norway rally investors on non-oil export promotion

To boost bilateral ties and increase inflows of foreign direct investments, stakeholders within Nigeria and Norway have sought opportunities in the non-oil sector in addressing economic challenges bedevilling the two nations. Besides, the Nigerian Export Promotion Council (NEPC) has identified a potential earning of $18...

Suswam, two others diverted N9.8bn SURE-P, police funds –FG

The Federal Government has accused a former Governor of Benue State, Gabriel Suswam, and two others of diverting the sum of N9.79bn, part of which was meant for police reform programme and Subsidy Reinvestment and Empowerment Programme. The SURE-P scheme was set up by the...

70% of Prison Inmates are Awaiting Trial – Reports

New facts have emerged that majority of inmates which constitute about 72 percent in prison facilities across Nigeria are awaiting trial persons. The current population of prisoners in Nigeria is put at 68,110 which comprises of 66,774 males and 1336 females. The information which was...

Policy issues: CBN, Finance Ministry rift deepens

Hopes of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance. Minister of Finance, Mrs. Kemi Adeosun and Governor...

NASS approved Buhari’s request for $500m Eurobond

The two arms of the National Assembly, NASS, yesterday approved President Muhammadu Buhari’s request to raise additional $500 million eurobond from the international capital market to fund the 2016 Budget deficit. In the Senate, the approval was given, following an executive communication from the...

Nigeria’s ports record 59.5% increase in vessel calls

Despite the recessionary economic environment Nigeria recorded about 59.5 percent increase in vessel traffic at the various sea ports in 2016. Director General of Nigerian Maritime Administration and Safety Agency, (NIMASA), Dakuku Peterside, who disclosed this in Lagos said that 370 vessels called at the...