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Mark your calendar, the Lagos international Trade Fair will be happening from 4th to13th Dec. 2020

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international Trade Fair

NCBN has been allocated a space at the ongoing Abuja International Trade Fair.

The AITF is platform designed to promote and strengthen businesses, trade and investment opportunities in the country.

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It provides a neutral and open atmosphere for blue chip companies, trade groups/associations, government
investment/export promotion agencies, institutions and other private sector organizations to engage new business partners for investment/trade relations and conclude business deals.

The Lagos International Trade Fair is the largest International Trade Fair in Nigeria. The Lagos Chamber of Commerce and Industry, which is the foremost highly influential in Nigeria, The Chamber is uniquely aware of the high standards expected of an International Trade Fair, and it is, therefore, constantly striving to live up to this expectation. Moreover, the Chamber comprises the creme de la creme of Nigeria’s top business organizations and personalities, who are able and ready to enter business interactions with their counterparts all over the world. This event showcases products like offers a unique exposition for manufacturers, suppliers, buyers and users of a wide range of goods and services as well as opportunities for investment and trade promotion etc. in the Business Services industry.

 

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Finance

Nigeria Exited Recession Faster Than Expected – World Bank

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Nigeria Exited Recession Faster Than Expected - World Bank

The World Bank has said Nigeria moved out of last year’s recession faster than expected.

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Nigeria slipped into recession in the second quarter of 2020 amid the economic fallout of the COVID-19 pandemic but emerged from it in the fourth quarter.

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Finance

ICPC cautions Federal hospitals, finance directors against budget-padding

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ICPC cautions Federal hospitals, finance directors against budget-padding

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission ICPC, Prof Bolaji Owasanoye, SAN, has condemned the padding of budget by government officials, warning that the Commission won’t tolerate breach of government financial rules and regulations.

Owasanoye, according to a statement on Friday, by the ICPC spokesperson, Azuka Ogaga, advised the hospitals managements to carry out a proper evaluation of the number of personnel needed and for which services so as not to overshoot the number of non-regular staff required.

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He pointed out that it was an aberration for Federal Medical Centres to have more staff than teaching hospitals and criticised the fraudulent practices associated with outsourcing of services which was prevalent in the hospitals.

He noted that a review of the health sector undertaken by the Commission revealed that funds meant for specific projects in hospitals had been diverted to other unimportant areas.

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On internally generated revenue, Owasanoye told the finance directors that agencies which receive allocations from government were expected to pay 100 per cent of their IGRs into the government treasury to avoid abuse.

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Finance

Osinbajo Calls For Coordination Between Govt, MDAs To Promote Economic Diversification

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Osinbajo Calls For Coordination Between Govt, MDAs To Promote Economic Diversification

Vice President, Yemi Osinbajo, has called for synergy between various tiers of government, Ministries, Departments, and Agencies at all levels.

Professor Osinbajo stated this on Friday in a keynote address delivered virtually at the 19th meeting of the National Council on Development Planning themed “National Development Planning in Nigeria: Issues and Challenges”.

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He said the coordination between the government and the MDAs was important to ensure that  national plans are inclusive In other to  promote high growth and economic diversification.

According to him,  Nigeria’s economic plan should  be modern and ambitious but yet realistic and flexible enough to absorb shocks and adapt to swiftly changing domestic and international conditions.

He further stressed that these  plans must accelerate domestic resource mobilisation and capacity building While noting that the best possible environment for the private sector to invest and operate must be created in other for Nigeria’s economy to thrive

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GALLANT OFFICER

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