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Kano Gets N10bn CBN Fund For Ailing Industries

Kano Gets N10bn CBN Fund For Ailing Industries       Kano State has secured N10 billion intervention fund from the Central Bank of Nigeria (CBN) to revive industries that were affected the most by the coronavirus pandemic. The Director-General of Kano Investment Promotion Agency (KANINVEST), Hajiya Hama Ali...

Lagos Plans Bonds, Borrowings To Fund N192.49bn Budget Deficit

Lagos Plans Bonds, Borrowings To Fund N192.49bn Budget Deficit           The Lagos State Government says it will explore a number of sources including bonds, domestic borrowing and foreign debt to finance a gap of N192.49bn contained in its 2021 budget. Commissioner for Budget and Planning, Mr Sam...

SON In Rivers Generates N85m Revenue Through Service Charges

SON In Rivers Generates N85m Revenue Through Service Charges         The Standard Organisation of Nigeria, SON, in Rivers State has generated N85 million to the Federal Government through Service Charges in 2020. This was just as the Organisation also vowed that it would beam its searchlight on...

Ganduje Stops N30,000 Minimum Wage, Reverts to N18,000

Ganduje Stops N30,000 Minimum Wage, Reverts to N18,000           Governor Abdullahi Ganduje of Kano State has reverted to the former minimum wage of N18,000 for its workers. Speaking to newsmen yesterday, spokesperson to the governor, Salihu Tanko-Yakasai, said the state government has also stopped the payment of...

Insecurity: Fuel Scarcity Looms As IPMAN Shuts Down Petroleum Stations In Oyo

Insecurity: Fuel Scarcity Looms As IPMAN Shuts Down Petroleum Stations In Oyo         Petroleum dealers, on the platform of Independent Petroleum Marketers Association of Nigeria, (IPMAN), Ibadan depot have threatened to shut down all petroleum stations in Oyo State. IPMAN noted that the need to shut down...

Rivers, Shell Tango Over Ownership Of Oil Block

Rivers, Shell Tango Over Ownership Of Oil Block       The Rivers State Government and Shell Petroleum Development Company are on a collision course over the ownership of Oil Mining Lease 11 and the Kidney Island in Port Harcourt, the state capital. The state government said on Wednesday...