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Day: August 12, 2017

Economic and Financial Crimes Commission

Lafarge Africa Plc says it has concluded plans to inject about 30 mega watts of electricity into the national grid by 2018. According to the Manager of Ewekoro plant, the firm’s flagship manufacturing base, Mr. Segun Soyoye, Lafarge currently produces 90 mega watts of electricity to power its operations with a target to increase the […]

Why we are refinancing local debts with $3bn – DMO

Refinancing Federal Government’s maturing local debts with $3bn external borrowing will not only crash the rate of domestic borrowing but also allow some borrowing space to the private sector, the Debt Management Office has said. In a statement issued in Abuja on Friday, the DMO said borrowing from foreign sources to refinance the local debts […]

NNPC unveils plans to expand gas generation, distribution

The Nigerian National Petroleum Corporation (NNPC) says it has unveiled plans to expand gas generation and distribution in the country to support Federal Government’s plan of generating 10 GigaWatts of electricity. Mr Ndu Ughamadu, NNPC spokesperson, said this in a statement  in Abuja. He said the Corporation’s Group Managing Director, (GMD),  Dr Maikanti Baru said […]

Trading reverses on NSE, market capitalization increases by N33bn

Activities on the Nigerian Stock Exchange (NSE) is back on a positive territory with the market capitalization increasing by N33 billion. The  market capitalization which opened at N13.133 trillion inched N33 billion or 0.25 per cent to close at N13.166 trillion. Also, the All-Share Index rose by 95.75 points or 0.25 per cent to 38,198.60 […]

Bankers committee inaugurates board to facilitate equity funds

The Bankers Committee  inaugurated a board to facilitate equity funds for the growth of agriculture and small businesses in the country. Mr Ahmed Abdullahi, the Director, Banking Supervision, Central Bank of Nigeria (CBN) made this known to newsmen at the end of the 331st bankers committee meeting in Abuja. The media briefing was attended by […]

Debt Management Office debunks issuance of dollar treasury bills

The Debt Management Office (DMO) has faulted claims that the Nigerian government was issuing dollar denominated treasury bills. The Director General of DMO, Mrs Patience Oniha, cleared the air at a meeting with editors from different media houses in Lagos. Mrs Oniha stated that the Nigerian government was not issuing any dollar treasury bill but […]

Government urged to harness economic potentials in Bunu

Government at all levels have been urged to harness the economic potentials of the Bunu people in Kabba/Bunu local government Area of Kogi state in North Central Nigeria. This call was made at the end of a ten day campaign by Bunu Emancipation Team. Founder of the group, Mr. Olu Majek said the campaign was […]