Transcorp Hotels Plc has announced the reopening of the Executive Floors and Lounge of its flagship Transcorp Hilton Abuja. The reopening marks a milestone in the on-going $100 million renovation project of the historic and award winning 5-star hotel, leading up to its 30th anniversary commemoration this year. The redesign, conceptualized by Swedish interior designer, Living […]
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Eight ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria (NAN) in Lagos that four of the vessels had petrol consignment. It said that four […]
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According data released by the Debt Management Office, DMO, Nigeria’s indebtedness to creditors – local and foreign – rose from the N17.36 trillion recorded at the end of December 2016, to N19.16 trillion, representing an increase of N1.8 trillion. The DMO said that at the end of March 2015, the country’s total debt stood at N12.06 […]
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Relentless to achieve convergence of rates between the interbank and Bureau de Change segments of the foreign exchange market (FOREX), the Central Bank of Nigeria (CBN) has injected another $190 million into the market. The acting director, Corporate Communications, CBN, Isaac Okorafor, in a statement on Monday in Abuja, said $100 million was offered as […]
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According to the National Agency for Food and Drug Administration and Control (NAFDAC), the European Union (EU) rejected 24 exported food products from Nigeria in 2016 for failing to meet standards. The NAFDAC spokesperson, Dr Abubakar Jimoh made the disclosure while speaking with the News Agency of Nigeria (NAN) on Monday in Abuja. According to […]
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The Federal Inland Revenue Service (FIRS) has introduced six key electronic solutions (e-Services) to enhance convenience, transparency and round the clock processing and payment of taxes. Some of the e-Services, which could now be accessed online, are taxpayer registration (through e-Registration); payment of Stamp Duties (through e-Stamp Duty); payment of taxes (through online payment: e-TaxPay, […]
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The Independent Petroleum Marketers Association of Nigeria, IPMAN, in Ekiti on Sunday suspended its strike. The IPMAN embarked on the action on May 25, over demolition of some petrol stations and the revocation of some Certificate of Occupancy by the Governor Ayo Fayose. The suspension of the strike is contained in a communiqué issued in […]
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Nigerian naira gained on Friday to trade at about 370 per dollar at the parallel market, while the British pound and European euro went for 480, 415, respectively. The country’s foreign exchange reserves however took a dip, sinking from $30,360,798,903 to $30,329,636,331 — shedding over $30 million in less than 24 hours. A bullish ride […]
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The Nigerian National Petroleum Corporation (NNPC) said Indonesia has indicated its interest in increasing its purchase of crude oil from Nigeria. The NNPC in a statement signed by Mr Ndu Ughamadu NNPC Group General Manager, Group Public Affairs division in Abuja on Tuesday disclosed that Indonesia currently purchases about 90,000 barrels of crude oil per […]
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The nation’s financial sector lost N2.19 billion to fraudsters in 2016, according to Annual Report of the Nigeria Electronic Fraud Forum (NeFF), released in Abuja. According to the report, the actual money lost to fraudsters is slightly less than the N2.256 billion recorded in 2015. However, the volume of fraud cases jumped to 19,531, against […]
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