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PUNCH $29.96bn loan: Presidency hopeful of Reps approval The Presidency on Thursday expressed optimism that the House of Representatives would approve President Muhammadu Buhari’s request to borrow $29.9bn from foreign sources, despite the decision of the Senate to reject the plan.[Read More…] MAN wants $1bn forex allocation for industrialists The manufacturing industry requires the injection of …

PUNCH Power ministry gets N209bn as capital release details emerge The Ministry of Power got the highest amount of N209.24bn out of the total N753.6bn capital votes so far released by the Ministry of Finance to Federal Government’s Ministries, Departments and Agencies for the implementation of the 2016 budget.[Read More…] Adeosun, Udoma, DMO meet as Senate …

PUNCH FG generates N586.17bn from taxes in 90 days The Federal Government generated a total sum of N586.17bn as tax revenue through the Federal Inland Revenue Service in the first quarter of this year, a document showing the fiscal position of government has shown.[Read More…] UK approves N4.74bn for solar power in Nigeria The United Kingdom, …

  PUNCH CBN adopts flexible forex policy as reserves dip to $26.6bn The Monetary Policy Committee of the Central Bank of Nigeria has directed the management of the apex bank to adopt a flexible exchange rate policy in the inter-bank forex management structure.[Read More…] Reps to probe N571bn loss to tax waivers The House of Representatives …

  VANGUARD Detailed copy of 2016 budget ready today —Reps Baring any last minutes change, a detailed clean copy of the 2016 budget will be ready today for onward transmission to the President for assent.[Read More…] FG allocates N14.69bn for group life in 2016 budget The Federal Government has voted N14.69 billion for group life for …

LEADERSHIP NASS Debates, Passes 2016 Budget Today After bouts of buckpassing on alleged errors in the 2016 budget estimates, the Senate is set to pass its version of the Appropriations Bill, before proceeding on its Easter recess.[Read More…] THISDAY NBS: Unemployment Rate Rises to 10.4% in Fourth Quarter The unemployment rate in the country has climbed …

  THISDAY Dangote Opens Tomato Factory to Vie With Chinese Imports The Dangote Group, owned by Africa’s richest man, Aliko Dangote, has opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China.[Read More…] CBN Offers N3m Credit Incentive to Boost Youth Entrepreneurship The Governor of …

  PUNCH No more naira devaluation –Buhari The naira should not be devalued further, President Muhammadu Buhari said on Wednesday, despite the Central Bank of Nigeria’s growing struggles to keep the naira at current levels.[Read More…] Budget constraints affect power investment –FG The Permanent Secretary, Ministry of Power, Dr. Godknows Igali, has said that prior …

  PUNCH JP Morgan: Emefiele defends CBN policies The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has dismissed concerns about foreign exchange liquidity, despite JPMorgan’s removal of the country from its influential emerging markets bonds index amid fears about the country’s economic management.[Read More…] NPF Microfinance Bank seeks additional capital for expansion The Chairman, …

PUNCH Tax: FG to audit registered companies The game appears up for most tax-evading companies in the country as the Federal Government would soon commence tax-audit of all the 450,000 firms operating in the country.[Read More…] Electricity: FG seeks N45bn to reach 8,000MW The Federal Government needs N15bn annually to generate 8,000 megawatts of electricity …