Browsing Category Business and Economy

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‘Nigeria lost $32bn to corruption under GEJ’ – UK’s DFID


Tuesday, December 12, 2017

United Kingdom’s Department for International Development on Monday, revealed that about $32bn which could have been channeled to development by Jonathan’s Government, was lost to corruption. Debbie Palmer, the DFID’s Head of Office in Nigeria, who spoke at an event organized by a non-governmental organization, Youngstars Foundation Initiative in Abuja, said the huge amount represented 16% of the previous ...

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Prices of Tomatoes, Pepper Drop by 45% in Lagos…Here’s the Latest Details from NAN Survey


Monday, December 11, 2017

File photo Ahead of Christmas celebration, prices of tomatoes, pepper and onions have reduced by about 45 per cent in Lagos, the News Agency of Nigeria reports. NAN price checks at Mile 12, Whitesand, Iddo and Oko Oba markets in Lagos on Monday, revealed that the drop in prices was due to bumper harvest of agricultural produce. NAN ...

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EFCC freezes N905million in account linked to Rivers state sanitation agency

EFCC freezes N905million in account linked to Rivers state sanitation agency


Monday, December 11, 2017

An account traced to a sole proprietorship company, Rivlink International and having a balance of N905, 941,696.87 has been frozen by the EFCC. Detective work carried out by the anti corruption agency revealed that the depositor of the money, a certain Christian Robinson is now deceased and the huge inflows into the suspected slush account allegedly came ...

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Fuel Scarcity: DPR Fires Warning to Filling Stations Hoarding, Selling Fuel Above Pump Price


Thursday, December 7, 2017

File photo: Fuel scarcity Executive Secretary of Department of Petroleum Resources, Mr. Modecai Ladan, has warned that filling stations that hoard fuel or sell above pump price will be sanctioned. “Sanctions await filling stations found compromising the dispensing process, as such filling stations may be shut down or charged N275 per litre,” Ladan warned. Ladan, added that any filling ...

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4 Important Things to Consider Before Making an Investment


Wednesday, December 6, 2017

Investments are great tools for growing and accumulating your money. However, it is important to keep some basic things in mind before making investment decisions because of the risks investments generally carry for your money. Jumia Travel, the leading online travel agency, shares 4 important things to consider before making an investment. The Time to make ...

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Dangote Named One Of Bloomberg’s 50 Most Influential People 2017


Wednesday, December 6, 2017

Aliko Dangote. (Photo by: Michael Nagle/Bloomberg via Getty Images) rica’s richest person, has been honored for his contribution to increasing local food production and reducing   food imports in Nigeria. Dangote was among the 50 most influential people honored by Bloomberg for their contribution to humanity at Bloomberg’s Annual Gala Dinner in New York. According to Bloomberg, he ...

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