The Managing Director, Nigeria Railway Corporation (NRC), Mr Fidet Okhiria, said on Wednesday that the corporation generated N4.12 billion in 2017, as against the N4.85 billion it targeted. Okhiria made the disclosure at the 2018 Budget Defence and the presentation of the organisation’s performance in 2017 before the House Committee on Land Transport in Abuja. […]
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Oil prices rose on Wednesday lifted by a report that U. S. crude inventories fell last week. Brent crude futures were at $67.84 per barrel. U.S. West Texas Intermediate (WTI) crude futures were at 63.85 dollars a barrel. That was up 46 cents, or 0.7 per cent from their last settlement. The market was supported […]
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The Nigerian Ports Authority has generated N299.5 billion revenue in 2017, General Manager, Corporate and Strategic Communications, Abdullahi Goje, said in a a statement Tuesday in Lagos. He said that the figure exceeded the N162.2 billion generated in 2016 by 84.65 per cent. Mr. Goje added that the 2017 figure was the highest generated revenue […]
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Britain’s biggest lender, Lloyds Banking Group Plc, has disclosed that it would ban its credit card customers from buying crypto currencies. Reuters reported on Monday that the development, which followed the lead of U.S. banking giants JP Morgan Chase & Co (JPM.N) and Citigroup (C.N), is aimed at protecting customers from running up huge debts […]
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Oil prices rose on Thursday. Brent April crude futures were up 53 cents on the day at 69.42 dollars a barrel by 1150 GMT, while NYMEX crude for March delivery rose 42 cents to 65.15 dollars a barrel. Brent crude rose by 3.3 per cent in January, its strongest start to the year for five […]
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In line with its determination to dominate and redefine the landscape of registrar service delivery in the country, Africa Prudential Plc, has unveiled her new USSD code, *4018# tagged “Personal Registrar”. The USSD code, *4018#, which was unveiled in Lagos on Wednesday enables shareholders to perform a lot of tasks including checking their outstanding dividend, […]
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The Nigerian Senate on Tuesday directed its Committee on Banking to investigate illegal deductions and arbitrary charges on depositors’ funds by commercial banks. It was also decided that the Governor of the Central Bank of Nigeria (CBN) and officials of the central bank, forensic auditors, managing directors of commercial banks and other stakeholders, be mandated […]
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Nigeria’s stocks have been rated among the world’s best-performers in the past four months. Bloomberg reported on Monday that the good performance was as a result of foreign investors. The New York-based financial software, data, and media company, said net foreign inflows to Nigerian equities totalled 337 billion naira ($940 million) last year, the first […]
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The Kaduna Refining and Petrochemical Company (KRPC) shut down operations on January 15 due to the non availability of crude oil. Abdullahi Idris, executive director, services, of KRPC, disclosed this to NAN in Kaduna. He said the refinery, whose fuel plant was commissioned in 1980, was functioning at 60 percent capacity “but shut down on […]
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Income accruing to the country from rising oil prices in the international market will be spent on infrastructural development, President Muhammadu Buhari has pledged. Receiving a delegation from Eni, led by the Chief Upstream Officer, Mr Antonio Vella, the President said extra funds outside the provision of year 2018 budget “will be deployed to infrastructure […]
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