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Co-op chairman quits over ex-bank boss drugs scandal

The chairman of Britain’s Co-operative Group resigned on Tuesday as a drugs scandal involving its former bank chairman raised questions over governance standards and the ethical credentials of the...

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African airspace still the least safe – Odutola

The erstwhile Chief Executive Officer of the Nigerian College of Aviation Technology, Zaria, Mrs. Folashade Odutola, says sub-Sahara Africa, which includes Nigeria, has been consistently rated as the...

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US stocks edge lower

United States stocks edged lower after the Dow briefly broke above a key level for a second day and shares of Best Buy dropped on worries about its margins, Reuters reported on Tuesday. Best Buy, one...

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Management experts urge organisations to adopt behavioural economics

Experts have called on organisations to adopt behavioural economics to improve organisational performance by amplifying and optimising their interaction with customers and other stakeholders. Genesis...

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IFAC elects Owuama to its board

The International Federation of Accountants has elected a former President of the Institute of Chartered Accountants of Nigeria, Maj.-Gen. Sebastian Owuama (retd.) to serve on the board of IFAC. A...

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Law enforcement agents get forensic training

Selected officers from various law enforcement agencies and senior officials from federal and state ministries of justice were recently trained on how to use forensics in ensuring national security....

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Okowa preaches integrity among youths

The Chairman, Senate Committee on Health, Dr. Ifeanyi Okowa, has urged Nigerian youths to imbibe the core values of integrity, professionalism and respect for diversity, if they must make meaningful...

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FG urges Nigerians to patronise locally-made goods

The 3rd Practical Nigerian Content Forum of the Nigerian Content Development and Monitoring Board commenced on Tuesday in Yenagoa, Bayelsa State, with the Federal Government emphasising the need for...

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NSE Index gains 0.53%

Equity trading activities on the Nigerian Stock Exchange closed on a positive note on Tuesday with major indicators. The NSE’s All-Share Index rose by 202.11 basis points or 0.53 per cent to close at...

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‘Power projects should raise economic growth to 10%’

Nigeria’s economy “could easily” grow at a rate of 10 per cent if the newly privatised power industry puts an end to daily electricity cuts, a former Chairman of Goldman Sachs Asset Management, Jim...

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Toyota Hilux, Ford Ranger contest for utility market

Many new businesspeople, who have money to buy just one vehicle are likely to go for a pickup van, which is a utility ride. The vehicle, with its accommodating rear seats and versatile tray-backs, has...

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US stocks halt two-day drop

United States stocks rose, halting a two-day drop for the Standard & Poor’s 500 Index, after the European Central Bank was said to weigh a negative deposit rate to help bolster the economy and...

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Power, oil facilities most vandalised utilities – Report

The most vandalised public properties in Nigeria are power equipment and oil and gas installations, a report by NOIPolls Limited has shown. The report indicated that there was a general level of apathy...

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Qatar Airways to introduce new service

DOHA: A new non-stop flight between Edinburgh Airport and Doha in Qatar is to be introduced next year, the British Broadcasting Corporation reported on Wednesday. The service will be operated five days...

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External reserves drop to $44.84bn

Nigeria’s external reserves have dropped to $44.84bn, according to a latest Central Bank of Nigeria’s report. The reserves, which fell to the $44bn mark on November 8, had hovered on $44.9bn until...

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Mainstream increases Jebba plant’s capacity to 450MW

The new owner of Jebba and Kainji Hydro Electric Power Plants, Mainstream Energy Solutions Limited, says it has increased generating capacity of the Jebba plant from 380megawatts to 450MW. The company,...

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Oil firms hit jackpot offshore Lagos, suspend drilling

Afren Plc and its partners, Optimum Petroleum Development Limited and Lekoil Limited have suspended current drilling operations at the Ogo prospect located on the OPL 310 licence offshore Lagos. This...

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We got $10bn loans for local contractors – OPTS

The Chairman, Oil Producers Trade Section of the Lagos Chamber of Commerce and Industry, Mr. Mark Ward, has said that international oil companies operating in the country under the aegis of OPTS have...

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‘Tracking illicit financial flows, solution to oil theft’

The Stop the Theft Campaign has said that tracking the illicit financial flows associated with oil theft is a critical tool in fighting and curbing the menace. The campaign spokesperson, Dr. Patrick...

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$3,000 fee: Charter flight operators suspend services indefinitely

Over 20 charter flight operators in the country have suspended their services indefinitely. The suspension was as a result of the $3,000 fee imposed by the Nigerian Airspace Management Agency on...

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