Mars Exploration & Production Company Limited has secured a USD 274 Million senior reserve-based lending facility from Afreximbank. Signed yesterday at the ongoing Intra-African Trade Fair IATF in Durban, South Africa by its Founder and Executive Chairman, Mr. Abdullahi Bashir, Mars E & P is to utilize the proceeds of this financing towards the funding […]
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Former Governor of the Central Bank of Nigeria, and candidate of the All Progressives Grand Alliance (APGA), Charles Chukwuma Soludo, has won the Anambra governorship election, polling a total of 112,229 votes to defeat his two major rivals — Valentine Ozigbo of the PDP who got 53,807 votes, and Andy Uba of the All Progressives […]
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The Independent National Electoral Commission (INEC) has explained why permanent voter cards (PVCs) were still being distributed the evening before the Anambra governorship election. Recall that on October 26, INEC announced that 81,778 new PVCs would be delivered to Anambra on October 28 for distribution ahead of the November 6 election. However, speaking on Friday in an […]
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Popular comedian and social media influencer, Debo Adebayo, popularly known as Mr Macaroni, has revealed why he declined to visit Vice President Yemi Osinbajo alongside his colleagues. A team of skit makers, under the aegis of the Nigeria Skits Industry Awards, had on Wednesday paid a visit to the Vice President at the Presidential Villa, […]
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Reports have emerged that a Russian diplomat was found dead outside the country’s embassy in the German capital of Berlin. The man’s body was discovered on the pavement on 19 October by police guarding the Berlin compound, Der Spiegel website reported. He had apparently fallen from an upper floor, but it was unclear how, it […]
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Nigeria’s leading and largest listed diversified conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the third quarter ended September 30, 2021, indicating sustained growth in 2021 as seen in the first two quarters of year. With strategic investments in the Power, Hospitality, and Energy sectors, the conglomerate recorded a profit after tax of N13.5bn, rising by 671% up from N1.75bn recorded in the previous year. Other […]
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The Federal Government of Nigeria is set to reform the health sector, particularly, the primary healthcare services as it inaugurated a Committee on the Basic Health Care Provision Fund (BHCPF) with the aim of providing quality basic health care services to all Nigerians. The Secretary to the Government of the Federation, Boss Mustapha, represented by […]
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The Nigerian National Petroleum Company (NNPC) Ltd has urged the public not to engage in panic buying of petroleum products, as the company has sufficient stock of the products. Garba Muhammad, Group General Manager, Group Public Affairs Division, NNPC in a statement on Tuesday said that the stock of the products would last for the […]
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NIGERIA – The Minister of Interior, Ogbeni Rauf Aregbesola in his determination to reduce and possibly see an end to the menace of money laundering and Combating of financing of terrorism in Nigeria has delivered a key note address and declared open a 3-day Capacity Building Workshop in Abuja. The workshop being coordinated by the […]
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The African Development Bank has blacklisted at least 40 Nigerian firms and individuals for engaging in corrupt practices, fraud and collusive practices between 2017 and 2021, according to data obtained from the bank’s website. The AfDB said the firms and individuals were debarred “for coercive, collusive, corrupt, fraudulent, or obstructive practices under its sanctions system […]
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