Category: Business
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WTO: Okonjo-Iweala for screening today
The race for who becomes the next director-general of the World Trade Organisation enters a new phase this week as eight candidates from four continents appear before WTO members to share their visions. Following the nomination stage which closed on July 8, the five male and three female candidates will, from July 15 to 17,…
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Updated: World Trade Centre in Abuja gutted by fire
Fire on Monday gutted a section of the World Trade Centre building located in the Federal Capital Territory Abuja An eyewitness told our correspondent that the fire started from the top of the skyscraper which dots the skyline of Central Business District, Abuja as smoke billowed from the pinnacle. First responders including firefighters have since…
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Renovation: FG hands over national theatre to CBN
Nigerian Government Sunday handed over the National Theatre complex in Lagos to the Central Bank of Nigeria and banks under the aegis of the Bankers Committee to commence the renovation of the facility. This is coming months after the government gave approval to the CBN and the Bankers Committee to redevelop the theatre into a…
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No increment in air fare — FG
The impact of the COVID-19 pandemic has not led to an increase in airfares, the Federal Government said on Saturday. It refuted claims that airfares had increased as a result of the COVID-19 pandemic. It stressed that since there was no physical distancing onboard airplanes, airfares would witness little or no change in prices. The…
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Petroleum subsidy removal non negotiable — Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday that the Federal Government had reached a conclusion that it could no longer bear the burden of petrol subsidy. Sylva said this in a statement published on the ministry’s Instagram page, with the title ‘Deregulation: The facts and the reasons behind the policy’.…
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Images: Flight operations resume in Nigeria
Domestic flights resumed at the Nnamdi Azikwe International Airport, Abuja, and the Murtala Muhammed International Airport, Lagos on Wednesday. This is after the Federal Government reopened the country’s airspace and airports after about three months of closure due to the coronavirus pandemic. See photos 373
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Omoluabi steps down as SGTV Chairman, Stardom Logistics MD, Enemanna, Omolade take over group of companies
Omoluabi Olabode Adeyemi on Tuesday resigned as the chairman of Stardom Global Television, SGTV. Following the development, the most senior level officer in the organisation, Alex Enemanna has assumed responsibility of overseeing the operations of the fast growing online television. Recall that Omoluabi was last week appointed the Senior Special Assistant to Kogi state governor…
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FG announces debt relief for radio, TV stations
The Federal Government has decided to write off 60 per cent of the N7bn owed by radio and television stations in licensing and renewal fees. The government has also slashed the existing licence fee by 30 per cent for all open terrestrial radio and television services with effect from July 10. The Minister of Information…
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US commends AfDB over Adesina’s allegation independent review
The United States has expressed satisfaction with the decision of the African Development Bank Governors to conduct an “independent review” of its Ethics Committee report on allegations levelled against its President, Dr Akinwumi Adesina. This was contained in a statement on Thursday by US Treasury Secretary, Steven Mnuchin. Mnuchin also praised the Bank’s decision to…
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AfDB’s reconstituted panel to review corruption allegation against Adesina
The Bureau of the Board of Governors of the African Development Bank (AfDB) has raised a panel to review its Investigation Committee report on the allegation of insider abuse levelled against the bank’s president, Dr. Akinwumi Adesina, by a whistleblower. The three-man review panel is headed by former Irish President Mary Robinson and two others…