BUSINESS

“NNPC is not recruiting at the moment” – Official

The Nigeria National Petroleum Corporation, NNPC, has reiterated its appeal to the public to disregard any announcement of recruitment or invitation to its interview. The Group General Manager, Group Public Affairs Division, Ndu Ughamadu, made the disclaimer in a statement ...

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36 ships with petrol, food expected in Lagos ports

Thirty-six ships laden with petroleum products, food items and other goods are expected to arrive in Apapa and Tin-Can Island Ports in Lagos from May 4 to May 29, according to the Nigerian Ports Authority (NPA). NPA said they are bringing into ...

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FG to revoke licences of some private oil refineries

The minister of state for petroleum, Ibeh Kachikwu, says the licences of private oil refineries that are yet to be utilised will be withdrawn. Kachikwu said this at a media briefing on the sidelines of the ongoing annual Offshore Technology ...

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Nigeria’s federal and states foreign debt stands at $11bn – NBS

The National Bureau of Statistics (NBS) said Nigeria’s foreign debt stood at 11.41 billion dollars while its domestic debts was N14.02 trillion respectively in 2016. The NBS stated in “Nigerian Domestic and Foreign Debt – 2016’’ data, posted on its ...

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CBN bars First Bank, GTB, Union Bank, Ecobank, others from FOREX market

The Central Bank of Nigeria (CBN), on Tuesday, barred First Bank, Guaranty Trust Bank and 12 others  from dealing in the Small and Medium Entreprises (SME) wholesale Forex window. The  other  banks affected by the order are  FCMB, Keystone Bank, Main ...

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FG assures Nigerian workers of speedy passage of new minimum wage

The Federal Government on Monday in Abuja assured Nigerian workers of speedy passage of the new National Minimum Wage. President Muhammadu Buhari said this in a message to workers on the occasion marking the 2017 May Day Rally with the ...

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UBA Group Starts Strong in 2017, Grows Profits By 41% In First Quarter

The Pan African financial institution, United Bank for Africa (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in 2016 financial year, UBA Group delivered another impressive 41% percent year-on-year ...

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FG begins maintenance dredging of River Niger

The Minister of Transportation, Rotimi Amaechi, on Friday flagged off the dredging of the River Niger from Ajaokuta to Onitsha. The minister said that the maintenance dredging would enable the country reap the benefit of the N36 billion investment in ...

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Access Bank Posts Impressive Earnings for First Quarter of 2017

Access Bank Plc has reported an impressive first quarter profits raising hopes among investors about the Bank’s determination to be the world’s most respected African bank. The Bank’s unaudited financial results for the first quarter (Q1) ended March 31, 2017 ...

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Oil market is rebalancing and moving forward – OPEC

OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. “While it is evident that the market rebalancing is now moving forward ...

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