• As Tomato Industry Gets Another Policy Boost

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    The federal government’s new policy which aims at boosting tomato production, improving the value chain and attracting investment by addressing a situation where Nigeria has become a major global net importer of tomato paste, while over 40 percent of her total local production of tomato was usually being wasted has been applauded by the stakeholders…

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  • World Economics Declares Nigeria Out Of Recession

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    World Economics, a London-based organisation, declared yesterday that after a few quarters of negative growth that saw the death of businesses, the Nigerian economy has wriggled out of recession. According to the organisation, which focuses on producing financial analysis on world economy, Nigeria’s “Market Growth Index grew to 58.5 in April as the monthly Sales…

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  • FG Sets New Record, Releases N1trn For 2016 Capital Projects

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    The federal government has set a new record with money released for capital projects to ministries, departments and agencies (MDAs) from the 2016 budget surpassing a record N1 trillion. The 2016 capital votes is the highest ever budgetary releases in Nigeria’s annual funding for capital projects. The said amount was released for various projects, including…

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  • UBA Grows Profit Before Tax By 32%, Declares 55kobo Per Share Dividend

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    United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. According to a press…

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  • FG Creates Assets Register To End Property Theft

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      The federal government has launched an asset tracking and management project with which it will locate, identify, assess and evaluate all its movable and immovable assets. The Minister of Finance, MrsKemiAdeosun, who disclosed this yesterday noted that a Central Asset Register will be created to realise this objective. LEADERSHIP had exclusively reported in December…

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  • Real Reasons For Arik Air’s Takeover Exposed

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    Desperation of a powerful cabal in the presidency to float a national airline by all means may have led to the hostile takeover of the privately, owned carrier, Arik Air, last Thursday, LEADERSHIP learnt. Sources disclosed that the action was to preempt a crucial meeting the suspended management of the airline was scheduled to have…

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  • FG, Marketers Agree To Retain Petrol Price At N145

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    The federal government and major oil marketers in the nation’s downstream sector have reached an agreement to retain the cost of Premium Motor Sprit (PMS), otherwise known as petrol, at the current price of N145 per litre. At a two-day consultative forum of the downstream petroleum sector convened by the presidency earlier in the week,…

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