Nigerian economy
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Three major oil marketers have told the Federal High Court in Abuja that the planned monopoly of the energy sector by Dangote Petroleum Refinery will spell doom for the country’s oil sector. According to the oil marketers, Dangote’s plan to monopolize the oil sector is a recipe for disaster in the country. The three marketers…
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Vice President Kashim Shettima has stated that Nigeria’s economy is going through turbulence. He, however, said the situation was not limited to the country alone, urging citizens to rally round President Bola Tinubu. The Vice President said this at a one-day town hall meeting organised by the Presidential Enabling Business Environment Council, PEBEC, in Abuja…
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Nigeria’s unemployment rate surged to 5.0 per cent in the third quarter of 2023 from 4.2 per cent in the previous quarter, the latest Labour Force Survey revealed on Monday. The labour force participation rate measures the share of a country’s working-age population that is in the labour force. The working age population refers to…
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Anyanwu (2001) defined entrepreneurship as the act of organizing and effectively managing risk-prone factors of production for profitability and sustainable growth of businesses. SMEs in Nigeria started with private-sector indigenization in 1956, when the British Colony established Federal Loans Board to control credit facilities. In early 1970s, FG initiated the small-scale industries scheme, including…
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