Africa’s richest man, Aliko Dangote, on Monday, lost N140 billion following intense pressure of global markets as a result of ripples from the Chinese economic crisis. Dangote alongside 197 top billionaires have had their fortunes tumbled over the past few days. Dangote lost $708.6 million (N140 billion) as Chinese stocks sank lower after a rout […]
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The Federal Government of Nigeria, yesterday announced the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-Edo Independent Power Plant (IPP). The deal which was concluded on Friday, August 21, 2015, had as parties; the Federal Government represented by the Ministry of Finance and Nigerian Bulk Electricity Trading […]
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Ajjampur R. Ghanashyam, The Indian High Commissioner to Nigeria, has revealed some shady deals carried out by former Minister of Petroleum Resources, Mrs Diezani Allison Madueke in selling crude to India through intermediaries, thereby denying Nigeria’s treasury of the full proceed. India has emerged Nigeria’s top crude buyer, an importation that grosses $15 billion yearly. But […]
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PDP’s National Vice Chairman (Southsouth zone) Dr. Cairo Ojougboh said he was ready to face the ex-SGF in court to prove his sole ownership of the controversial housing estate. Former Secretary to the Government of the Federation (SGF) Anyim Pius Anyim unilaterally acquired the multi-billion-dollar Centenary City on the Nnamdi Azikiwe International Airport Road, Abuja, […]
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By Nwaorgu Faustinus The news about the directive or rather order by the senate on the 11th of this month to the Nigerian Electricity Regulatory Commission (NERC) to suspend the fixed charge of N702.00, which it has been collecting from electricity consumers across the federation following unending complaints against the policy by Nigerians has been greatly […]
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The General Manager, China Public Procurement, Mr Yong Shubo, on Thursday told the Nasarawa State Government of his commitment to invest about one billion dollars to develop the state in the next 5 years. This was contained in a statement signed by Alhaji Ahmed Tukur, Chief Press Secretary to Gov. Umaru Tanko Al-Makura, wherein he […]
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…Reports Profit Before Tax of N63.11Billion Guaranty Trust Bank plc has released its audited financial reports for the half year ended June 30, 2015 to the Nigerian and London Stock Exchanges. A review of the half year performance, shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings […]
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…says N50M was for expression of interest. The concessionaire of the Falomo Shopping Mall, Afriland Properties Plc, has stated that the shopping mall was not leased to it for 50 years for N50 million as widely reported in the media. In a statement released on Wednesday and signed by Uzo Oshogwe, MD/CEO Afriland Properties Plc, the […]
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Dr. William Babatunde Fowler has been appointed as the Executive Chairman of the Federal Inland Revenue Service (FIRS) by President Muhammadu Buhari. Dr. Fowler served as the Chief Executive Officer/Executive Chairman of the Lagos State Board of Internal Revenue from 2005 to 2014. His higher education was in the United States where he obtained a […]
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(Nkem Ndem Vivienne) For the majority of women in Nigeria, entrepreneurship is a necessity. There are no jobs or viable alternative options, however, from writing a business plan to coming up with a name to hiring employees, a startup can seem overwhelming. Many Nigerian women who have always wanted to start their own business never […]
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