Justice John Tsoho of the Federal High Court sitting in Maitama, Abuja has given an order ceding control of the lucrative oil block, Oil Prospecting License, OPL 245, to the Federal Government pending investigation and prosecution of suspects in the $1.1billion Malabu Oil scam. The order followed an ex parte motion by the Economic and […]
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Operator of the Lagos State Bus Rapid Transit, BRT, scheme, Primero Transport Services, has announced plans to increase its fares on all routes in February. The company’s Managing Director, Fola Tinubu, made the disclosure in an interview with the News Agency of Nigeria in Ikorodu on Thursday. Mr. Tinubu said that the increase was as […]
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The Imo State Government is set to launch Imo Air to be operated by Dana Airline, in a partnership deal. Dana Airline Communications Manager, Mr Kingsley Ezenwa, made this known in a statement in Lagos on Tuesday. According to Ezenwa, Gov. Rochas Okorocha of Imo said at Sam Mbakwe Airport, Owerri during the launch of […]
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The Federal Government has launched a project code-named “MSME Clinics” to address the challenges faced by Micro, Small and Medium Enterprises (MSME) in Nigeria. Launching the project in Abuja on Tuesday, the Vice President of Nigeria, Professor Yemi Osinbajo, said that the project would serve as a one stop shop to address challenges faced by […]
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General Electric, GE, a US multinational company, Tuesday in Abuja, proposed to invest in the nation’s three refineries located in Port Harcourt, Warri and Kaduna. GE, in a presentation to NNPC GMD, Dr. Maikanti Baru and his team stated that the company’s teams of partners, including its consortium involving the Engineering, Procurement and Construction (EPC) […]
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The dollar slid broadly on Monday after U.S. President Donald Trump struck a protectionist tone in his inauguration speech, prompting developed and emerging market currencies to gain. The drops and gains were due to the Trump administration’s intention, on its first day in office, to withdraw from the Trans-Pacific Partnership, TPP. In his inaugural address, […]
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The Nigerian National Petroleum Corporation (NNPC) has advised Nigerians to stop panic buying of petroleum products, emphatically stating that there are no plans to increase the price of the products. Ndu Ughamadu, spokesman of the corporation, said the corporation had a 1.3billion litres stock of premium motor spirit (PMS), otherwise called petrol, which is sufficient […]
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United Capital Plc, a leading African investment banking group, has partnered with global financial and corporate institutions to set up a Franco-African Investment Fund (FFA), with investible funds of 77 million euro. The aim of the fund is to accelerate the growth of innovative and entrepreneurial African and French small and medium scale enterprises (SMEs) […]
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The Kano State Government has allocated over N200 million in the recently approved 2017 budget to boost rice farming in the state. Mohammed Garba, the Commissioner of Information, disclosed this in an interview on Tuesday in Kano. He said this was part of the state government’s efforts to boost the agricultural sector in the state to […]
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Heritage Bank is on a mass retrenchment workers, a move that has resulted in the sack of 400 staff. An investigation conducted indicated that more workers were penciled for sack. A top management source in the bank, who pleaded anonymity, said the sack cut across the top, middle and low cadres. He said the mass […]
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