The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, is set to embark on indefinite, nationwide strike beginning from Monday. According to the association, the strike became necessary following a stalemate in the peace meeting brokered by the minister of petroleum resources, Ibe Kachikwu, between the association and Neconde Energy Limited. PENGASSAN and […]
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The National Bureau of Statistics (NBS) says 213.69 million transactions valued at N19.33 trillion were recorded in the third quarter as data on Electronic Payment Channels in the banking sector. The NBS said this in a report on “Selected Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels, Deposits and Domestic Credit Breakdown and Staff […]
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The Federal Inland Revenue Service (FIRS) says that the Federal Government has realised the sum of N17 billion from the Voluntary Asset and Income Declaration Scheme (VAIDS) inaugurated in July. Mr Babatunde Flower, the FIRS Executive Chairman, said this in Lagos on Wednesday, at a media workshop on VAIDS. Flower said that the N17 billion […]
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Nigeria’s trade value in exports increased to N3.573 billion in Q3 of 2017 representing a 13.19% increase over Q2 of 2017 and 35% over Q3 of 2016. According to a report released by the National Bureau of Statistics in Abuja yesterday, agricultural export value in Q3 2017 stood at 38.43% lower than Q2 3017 but […]
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The Joint Admissions and Matriculation Board (JAMB) on Tuesday said it remitted N7.8 billion to Federal Government coffers from 2016 University and Tertiary Matriculation Examinations (UTME). The board’s Registrar, Prof. Is-haq Oloyede, made this known when a delegation from National Officers Council of Colleges of Education Academic Staff Union (COEASU) paid a visit to the […]
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The Minister of Finance, Mrs Kemi Adeosun on Monday, said the Federal Government of Nigeria would release the sum of N750bn this to Ministries, Departments and Agencies of government this week. This is to serve as part of implementation of capital projects contained in the 2017 budget. gave the figure while speaking during a meeting […]
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Foremost African financial institution; Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as the “Best Bank in Nigeria” and the “Best Bank for CSR in Africa.” The Bank’s Managing Director and Chief Executive Office, Segun Agbaje, also won the award for the CEO of the Year, which he […]
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Segun Adebutu, chief executive officer of Petrolex Oil & Gas in an interview with Bloomberg, said his company plans to build a 250,000 barrel-a-day capacity refinery in Ogun state, a project that will be completed in 2021. The company, which plans to spend $3.6 billion on the construction, is already working on the front-end engineering […]
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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the nation’s foreign reserves have risen to $38.2 billion, its highest point in 39 months. Emefiele made this known on Tuesday while commissioning Unilever Plc’s 10,000 metric tonnes Blue Band factory in Agbara, Ogun state. “We have seen reserves move up from the $23 […]
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The Business council for International Understanding (BCIU), a non-profit U.S Business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, tonight presented the prestigious Dwight D. Eisenhower Global Entrepreneurship Award to both Tony O. Elumelu and Bill Marriott, Chairman, Marriott International Inc. The award was conferred on Elumelu […]
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