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Dangote to invest N200b in Sokoto, Kebbi sugar factories

Sokoto - The Chairman of the Dangote Group, Alhaji Aliko Dangote, says he will establish four sugar factories in Sokoto and Kebbi States at the cost of between N180 billion and N200 billion.
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Anger as 228billion on sugar importation revealed

Senators yesterday heard how in three years, Nigeria has spent N229 billion on the importation of sugar....
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Okonjo-Iweala listed among 'World's Most Powerful Women'

Forbes released its annual list of The World’s Most Powerful Women and Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala, ranks 83rd....
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Tax remittance: 9 Bank CEOs dishonour Reps invitation

Nine out of 21 bank chief executives, on Monday, failed to honour the invitation of House Committee on Finance investigating remittance of tax to the Federal Inland Revenue Service (FIRS)....
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Food prices, commodities increase by 50%

The price of gari has recorded more than 50 per cent increase in Eket area of Akwa Ibom, the News Agency of Nigeria (NAN) reports. ...
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Excess crude account drops to $5.27billion

The Minister of State for Finance, Mr. Yerima Ngama, has said that the country’s Excess Crude Account (ECA) has dropped to $5.27billion. He made this known after the monthly Federal Accounts Allocation Committee(FAAC) meeting in Abuja....
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350, 000 Nigerian companies evading taxes - FG

The Federal Government has lamented the high incidence of tax evasion in the country as it observed that more than 350,000 companies are not paying tax.To capture more companies and individuals in the wider tax net, the government is considering   the idea of E-payment in the country....
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FG pegs domestic debt at 60% of total debt stock

The Federal Government, in its bid to reduce the quantum of domestic debt, has pegged it at 60 per cent of the total debt stock of the country....
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Nigerian economy grows by 6.56%

The economy, measured by the Real Gross Domestic Product (GDP), grew by 6.56 per cent in the first quarter of 2013 as against 6.34 per cent in the corresponding quarter of 2012....
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Nigeria will join top 8 economies soon - Okonjo-Iweala

Amid growing concern over the feasibility of the Vision 2020:20, Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, says the country will join top biggest economies in no distant time. She anchored her claim on ongoing reforms across different sectors of the economy. ...
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