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MarketMoni loans get to Plateau, Jigawa, Kebbi

<p>MarketMoni, one of the social intervention programmes of the Federal Government, has been launched  in Plateau, Jigawa and Kebbi states. The initiative, also known as the Government Enterprise and Empowerment Programme (GEEP), is a microcredit scheme providing interest-free loans to market women, artisans,enterprising youth and farmers. The sch...
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Govt’s local debt hits N10.8tn, owes foreign creditors $11.5bn

<p>Olalekan Adetayo, Abuja As of September 30, 2016, the Federal Government’s indebtedness to local creditors stood at N10.8tn, while external debt was $11.5bn. The Minister of State for Budget and National Planning, Zaynab Ahmed, disclosed this at the prese...
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FG to reduce agencies operating in ports to six

<p>Olalekan Adetayo, Abuja The Federal Government is currently working towards streamlining the number of agencies operating in the nation’s ports to only six from about eight. This is part of the decisions reached at an expanded meeting of the Presidential ...
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How to prevent misuse of cheques

<p>Oyetunji While the use of cheques is becoming less frequent as a result of the computerisation of the banking industry, there are still occasions when their use is preferable, for example, private sales. All banks have their regulations and procedures for p...
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FG seeks $2.3bn loans from W/Bank, China …says no need for IMF loan

<p>Oyetunji Abioye with agency report The Federal Government is seeking to borrow at least $1bn from the World Bank and another $1.3bn from China’s Export-Import Bank, the Minister of Finance, Mrs. Kemi Adeosun, has said. Officials said the country was plann...
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Allocations to FG, states, LGs rise by N65bn

<p>Ifeanyi Onuba, Abuja Allocations from the Federation Account to the three tiers of government increased by N65.15bn from N400bn shared in December 2016 to N465.15bn in January this year, according to figures released by the Federation Account Allocation Com...
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Forex: CBN provides $370.8m for 23 banks

<p>Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Tuesday carried out a wholesale intervention in the interbank foreign exchange market with the release of $370.8m to 23 Deposit Money Banks. The amount, which was confirmed in a statement by the Acting Dir...
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NAMA raises committee to review aeronautical information procedure

<p>Maureen Ihua-Maduenyi The Nigerian Airspace Management Agency has set up a committee to review the country’s Aeronautical Information Procedure. According to the Managing Director of NAMA, Capt. Fola Akinkuotu, the AIP review became necessary following th...
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CFAO, Kewalram in partnership to market Mitsubishi vehicles

<p>Rasheed Bisiriyu After many years of operating as independent dealers of Mitsubishi Motors in Nigeria, CFAO Motors and Kewalram Chanrai Group have established a joint venture to market the Japanese brand. A company known as Massilia Motors Limited has there...
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Ferrari set to unveil world’s fastest car

<p>Rasheed Bisiriyu Ahead of the 2017 Geneva motor show, holding from March 7 to March 19, Ferrari has released details about its new supercar, the 812 Superfast, which will be unveiled at the Europe’s first major auto event of the year in Switzerland. The 8...
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