PLANS are afoot to extend the pension scheme beyond the formal public and private sectors. The Federal Government is planning to organise a micro pension scheme for thousands of artisans, self-employed accountants and lawyers, among others. The proposed scheme, according to National Bureau of Statistics (NBS), underscores the

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The continued free fall in the value of Nigeria’s local currency, the naira, has taken a big toll on the purchasing power of the ordinary man on the street, Director, Professional Programmes, Pan Atlantic University, Isaac-Ogugua Ezechukwu has said.He said he recently stumbled upon a shopping list he made in the ‘80s within the pages

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The Federal Government will review existing tariffs structure to remove impediments inhibiting the growth of local industries, the Vice President, Prof Yemi Osinbajo, has said.Osinbajo said the high tariffs imposed on local products are not encouraging growth, adding that the government is working towards restructuring the current tariff

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The Nigerian National Petroleum Corporation (NNPC,yesterday denied meeting with President Muhammadu Buhari to hike the pump price of  petrol from N145 to N150 per litre. It insisted that the price still remains within the N141 to N145 per litre band, adding  that it has over 1.6 billion litres of petrol in stock that would last the country for

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If dysfunctional gas facilities are fixed and fiscal and regulatory policy issues in the gas subsector addressed, the current gas production can deliver 32 gigawatts (32,000Mw) of power, oil and gas industry operators have said.This was contained in a communiqué at the end of the three-day international gas conference of the Nigerian Gas

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Dangote Group is billed to spend over $20 billion over the next decade to increase the volume of its local manufacturing and improve and grow the nation’s economy.The Group’s Executive Director, Stakeholders’ Relations and Corporate Communications. Ahmed Mansur, has said.Mansur, who made this known yesterday in Lokoja, Kogi State,

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Oil rose more than one per cent yesterday, boosted by the  commitment from the Organisation of the Petroleum Exporting Countries (OPEC) to stick to output cut deal. According to Reuters news, Brent crude  traded at $46.20 per barrel, up 62 cents, or 1.36 per cent, from the previous close. US West Texas Intermediate (WTI) crude  was up

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