Dangote to renovate National Stadium

Sunday Dare, minister of youth and sports development, says Aliko Dangote, billionaire businessmen, has agreed to renovate some parts of the MKO Abiola Stadium, Abuja. In June, The Cable reported how the 60,000 capacity stadium had morphed into a shadow of its former self, with dilapidated facilities, grass and refuse littering virtually at every spot.[...]

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Federal Government orders Termination of Cash Payments

The federal government has ordered immediate termination of cash payments in all Nigeria Postal Services (NIPOST) offices. Isa Pantami (pictured), minister of communications and digital economy, announced this in a statement issued by Uwa Suleiman, his spokesman on Thursday in Abuja. The statement quoted the minister as saying that some members of staff of NIPOST[...]

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New Tech Startups to face Challenges finding Finances, Here’s Why

LISBON, Portugal — For tech start-ups trying to secure funding and go public, being in the black is the new black. At the Web Summit tech conference in Lisbon, Portugal this week, more than 2,000 start-ups vied for the attention, and pocketbooks, of venture capitalists, big tech companies and investment firms. Potential investors responded with[...]

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Security officials flood Lagos as Governor presents Budget

There is a massive security presence in strategic positions of the Lagos House of Assembly ahead of the 2020 budget estimate presentation on Friday by Gov. Babajide Sanwo-Olu of the state. Security operatives who were already at their respective positions at about 7 a.m. included officers from the military personnel, Nigeria Police and the Lagos[...]

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Chinese Economy in Trouble, Here’s Why!

China’s exports and imports declined in October, Reuters reported citing data from the country’s customs released on Friday. In dollar terms, exports fell 0.9% while imports fell 6.4% from a year ago in October, but beat analysts’ forecasts. Trade balance for October was $42.81 billion, compared to analyst forecasts of $40.83 billion. Economists polled by[...]

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Osinbajo explains the need for Foreign Investments in Nigeria

THE Vice President, Prof. Yemi Osinbajo, has emphasised the need for mobilisation of domestic savings and foreign capital to finance the country’s needs in infrastructure, agriculture, housing and mining, among others. Osinbajo stated this at the FMDQ Securities Exchange Plc’s 2019 Nigerian Capital Market conference in Lagos. Represented by Ms Mary Uduk, Acting Director-General, Securities[...]

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70% of West African seeds originate from Nigeria- Expert

Nigeria’s National Seed Council (NSC) has now emerged the dominant force in the West Africa seed industry, controlling about 70 percent of the agricultural seeds used in the sub-region. This was disclosed by the Director General of the Council, Dr Philip Olusegun, who said that the feat was a result of the transformation programme embarked[...]

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