• Nigeria records 1,145 new COVID-19 infections

    Nigeria records 1,145 new COVID-19 infections0

    for the first time since the pandemic, crossed 1,000 daily COVID-19 infections with 1,145 new confirmed cases of coronavirus disease and one death. Last Wednesday, December, 16, the country had recorded a total of 930 confirmed cases of COVID-19, the second-highest daily infections since the existence of the pandemic. The country also on December 11,

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  • Infrastructure deficit responsible for high cost of doing business in ports, says Bello

    Infrastructure deficit responsible for high cost of doing business in ports, says Bello0

    President, Chartered Institute of Transport Administration of Nigeria (CIoTA), Dr. Bashir Jamoh (left) and Executive Secretary, Nigerian Shippers’ Council, Barr. Hassan Bello and Dean, Faculty Of Environmental Management, Olabisi Onabanjo University, Ago Iwoye, Prof. Bamidele Badejo during the National Transport Summit in Abuja. NSC to introduce four cardinal solutions to ease port operations by 2021

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  • Ajaokuta Steel requires N3b to hire Russian expert

    Ajaokuta Steel requires N3b to hire Russian expert0

    TO complete the final phase of the Ajaokuta Steel firm, N3 billion will be needed to hire Russian experts to reactivate the 21 plants at the Iron and Steel Industry, Senator Tanko Al-Makura, said at the weekend. The Chairman, Senate Committee on  Mines and Steel Development, said  the project may remain comatose if the N3

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  • Reps grill FG officials over $125m World Bank loan

    Reps grill FG officials over $125m World Bank loan0

        The House of Representatives Committee on Public Accounts, on Thursday, grilled officials of the Federal Government over how a $125m loan obtained from the World Bank was spent.   The committee summoned signatories to the World Bank account belonging to the Office of the Accountant General of the Federation where the money was

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  • Food price hike, others push inflation to 14.23% —NBS

    Food price hike, others push inflation to 14.23% —NBS0

      The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October 2020. Figures released by the National Bureau of Statistics on Monday showed that the country’s inflation increased again in October, moving up by 0.52 per cent when compared

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  • CBN issues guidelines on private sector agric loan

    CBN issues guidelines on private sector agric loan0

    As banks guarantee 26,830 agric loans worth N3.6bn Godwin Emefiele, CBN Governor. By Elizabeth Adegbesan Banks have guaranteed 26,830 loans worth N3.6 billion to farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF) in ten months (January to October) 2020. Meanwhile, the  Central Bank of Nigeria (CBN)  has just rolled out guidelines for private sector

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