The National Bureau of Statistics (NBS) said that the country’s inflation as measured by Consumer Price Index (CPI) further dropped to 16.10 per cent in June from 16.25 per cent in May. The NBS made this known in its CPI June 2017 report released on Monday in Abuja. According to the bureau, this is the […]
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The Nigerian National Petroleum Corporation (NNPC) says the three refineries in Port Harcourt, Warri and Kaduna now produce five million litres of kerosene daily. This, according to it, represents more than 60 percent of the national daily consumption requirement of eight million litres. A statement by the Group General Manager, Group, Public Affairs Division, Mr […]
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The Nigerian Communications Commission says in the country internet users increased from 90,124,428 in April to 91,565,010 in May, an increase of 1,440,582. The telecommunications industry regulator made the disclosure in its Monthly Internet Subscribers Data obtained by the News Agency of Nigeria (NAN) on Saturday in Lagos. The data indicates that internet users on […]
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The Nigeria Customs Services (NCS) is warning fraudulent bidders involved in making unrealistic bids to stay off its e-auction platform or risk prosecution. The Customs Public Relations Officer, Mr Joseph Attah, told the News Agency of Nigeria (NAN) on Friday in Abuja that the service would not spare those undesirable elements making fraudulent and unrealistic […]
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Determined to rejuvenate and strengthen SMEs in the country while also bridging the logistics gap for SMEs, Red Star Express hosted small start-up owners at the SME 1000 workshop. Tagged ‘Breaking Boundaries, the event was intended to serve as a ground-breaking medium for Red Star Express to bridge the logistics gap faced by SMEs, give […]
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Following the withdrawal of support by its Mubadala Group, Etisalat Nigeria is changing its brand name to 9Mobile. The investor from the United Arab Emirates, pulled out of Nigeria’s fourth largest mobile operator, due to a N541 billion debt. On July 4, 2017, a new board, headed by Boye Olusanya, former deputy managing director of […]
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The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has expressed concerns that the 2017 budget implementation will be affected by uncertainties in the global oil market. Kachikwu told journalists on Wednesday in Abuja the Ministry of Finance and the Federal Executive Council were, however, working on measures to cushion the impacts of the […]
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The Federal Executive Council on Wednesday approved the issuance of promissory notes for the settlement of debts owed local contractors worth N740 billion. The Minister of Finance, Mrs Kemi Adeosun, gave the hint while addressing newsmen after the Federal Executive Coucil meeting, adding that debts to GENCOS, DISCOs and state governments stood at N193.69 billion. […]
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Chairman, Heirs Holdings, Tony O. Elumelu, CON, charged the public sector to urgently fix bureaucracy and the process of doing business in Nigeria to promote, attract and retain willing investment partners in the country. He made this call yesterday while discussing the topic “Nigeria Open for Business” at the 2017 National Insurance Conference organised by […]
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Emerging Markets Telecommunication Services Ltd. (EMTS) trading as Etisalat Nigeria on Tuesday informed its customers that the change of brand name will not affect its operations. Mr Ibrahim Dikko, the Vice President, Regulatory and Corporate Affairs, EMTS made this known in a statement. Dikko said that EMTS was aware of recent news reports regarding Etisalat […]
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