Exit from recession’ll help bring down interest rate, inflation – Emefiele

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday said that the improvement in economic performance, which was confirmed by the report of the country’s exit from recession, would enable the apex bank to bring down interest and inflation rates, as well as ensure stability in the foreign exchange market. Emefiele, while speaking at the opening session of a workshop on ‘Import substitution and the dynamics of interest and exchange rates management in Nigeria’, explained that the apex bank would continue to explore further avenues to…

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Edo traders celebrate tax reduction

Gov. Godwin Obaseki of Edo has granted Oredo traders a 50 per cent reduction in the yearly levy as tax waiver after their protest against an increase in the charges. Obaseki, who was represented by his deputy, Mr Philip Shaibu, disclosed this on Wednesday in Benin during a meeting to resolve the issue at Government House, Benin. He assured that the newly Harmonized Local Government Tax and Levies Law would soon be amended to meet international best practices and further address the issues. He said that the state government noted…

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Resident doctors suspend nationwide strike

The National Association of Resident Doctors (NARD) in the early hours of today, Thursday, suspended its nationwide strike. Speaking with reporters after the association’s meeting, the Chairman of NARD, UCH, Ibadan chapter, Segun Olaopa, said decision to suspend the strike was sequel to appeal from the public. According to him, the association would meet in a fortnight to review the extent to which the federal government had met the agreement reached. “The decision was reached following appeals from the public that the doctors should give the federal government more time…

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