Dr. Ibe Kachikwu, the Minister of State for Petroleum Resources has predicted that prices of Premium Motor Spirit (PMS), Popularly called petrol, will crash in the next four to six months as a result of the competition inherent in the price modulation. While presenting his scorecard on his two years in office in a podcast […]
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Farm produce from 5,000 farmers is not enough to supply the $20 million tomato processing plant owned by Aliko Dangote, Africa’s richest man. Report by Reuters, say that the tomato plant, which has been shut for more than 18 months, hopes to restart work in January, at just half of its capacity of 1,200 tonnes […]
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One of Nigeria’s leading logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year. The profit before tax increased from N572million to N653million, while profit after tax also increased from N334.4million to N426.8million. This was declared at the […]
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The Nigeria National Petroleum Corporation (NNPC) has announced reshuffling of its management staff. In a statement released on Tuesday, Ndu Ughamadu, NNPC spokesman, said 55 management staff were affected in the exercise. Ughamadu said before the announcement was made public, Maikanti Baru, group managing director of the NNPC, told the staff that the new appointments would […]
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The Central Bank of Nigeria, CBN, has again intervened in the Inter-Bank Foreign Exchange (Forex) Market to the tune of 250 million dollars. The Acting Director, Corporate Communications Department, CBN, Isaac Okorafor, said the apex bank also sold $100 million and uplifted the Small and Medium Enterprises and invisible segments, with $85 million and $65 […]
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The National Bureau of Statistics (NBS) says the country’s inflation as measured by Consumer Price Index (CPI), further dropped to 16.05 per cent in July from 16.10 per cent in June. The NBS disclosed this in its CPI July 2017 report released on Monday in Abuja. The report stated that it again reduced to 16.05 […]
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After a recent communication restricting customers from making purchases on some platforms, particularly betting and pornographic sites, UBA says adjustments have been made and you can use your UBA card on anysite, anywhere. Read the Statement: Dear Esteemed Customer, In our relentless bid to continuously provide excellent services to our customers, we work hard to […]
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…Declares N0.20 Per Share Interim Dividend …African Subsidiaries Contribute 32% of the Group’s Earnings The Pan African financial institution, United Bank for Africa (UBA) Plc has announced its audited half year financial results ended June 30, 2017, showing remarkable performance across major metrics. UBA grew its gross earnings for the period by 34.5 percent to N222.7 […]
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Dangote Group has signed a $450 million Memorandum of Understanding (MoU) with Niger State government to develop an integrated sugar industry in Lavun, with a sugar plantation sized to be longer than Lagos to Ibadan expressway. Details of the project made available to the NAN indicates that it would involve the development of a sugar […]
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Oil prices rose on Wednesday after U.S. crude inventories declined for the eighth straight week and a storm approached the Gulf Coast with the potential to disrupt oil and refined products output. Brent crude futures climbed 58 cents to 52.45 dollars a barrel by 12:12 p.m. while United States West Texas Intermediate crude futures were […]
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