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2017 Budget Will Pull Nigeria Out of Recession, Says Buhari

...Urges Nigerians not to lose faith in his government President Muhammadu Buhari has appealed to Nigerians not to lose faith in the ability of his administration to make a difference in their lives, saying the 2017 Budget contains measures that will pull Nigeria out the...

Recession: Nigeria’s Biggest Pipe Factory May be Shut

After several months of staying idle, the country’s biggest pipe factory owned by SCC Nigeria Limited may be shut down soon as it grapples with lack of patronage amid the recession rocking the country. The company had in October last year inaugurated the 280,000-tonne ultra-modern...

Recession: 177,284 disengaged workers get N55bn pension benefits

The National Pension Commission (PenCom) yesterday said it has paid N55.46 billion as lump-sum to 177,284 workers disengaged from various sectors due to economic recession. The Head of Benefits and Insurance Department of the PenCom, Olulana Loyinmi, who disclosed this in Calabar at a conference...

Recession: FG Eyes Real Sector, MSMEs for Recovery

The Minister of Industry, Trade and Investment, Mr. Okey Enelamah, has reiterated the Federal Government’s commitment to ending the current economic recession through strategic policies aimed at driving partnership between government and the private sector. This, according to him, will enhance funding support for the...

Emirates ends Abuja Operation

Emirates Airlines officially shut down its operations in Abuja, the nation’s capital though temporarily. The airline had announced that it would suspend its four flights per week from Abuja to Dubai, United Arab Emirates (UAE), with effect from yesterday. “The decision was made after a review...

Senate okays Reintroduction of Tolls on Federal Roads

The Senate on Tuesday passed a motion seeking to revive collection of tolls on federal highways across the country. It said collection of toll, from motorists was the only way to construct and maintain roads and enhance their efficiency. The upper chamber of the National Assembly...