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Okowa signs DESOPADEC amendment bill into law
The Delta State Governor, Senator Ifeanyi Okowa, has signed the Delta State Oil Producing Areas Development Commission amendment bill into law. The bill was signed by the governor in the presence of...
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Hoodlums take over abandoned Lagos Federal Secretariat complex
The once bubbling federal secretariat located in Ikoyi, Lagos, has become a shadow of its past as hoodlums and worshippers have taken over the 12-storey complex. This old secretariat complex was...
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Independent petroleum producers target 1.2m bpd by 2020
Members of the independent petroleum producers group on Wednesday said they would achieve 1.2 million barrels per day domestic refining capacity of petroleum products by 2020. The group, which consists...
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Raising Nigeria’s tourism bar
The value of the natural heritage as well as the aesthetics of the country’s tourist centres is fast depreciating due to lack of investment and maintenance. The productivity of the tourism and...
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Should I quit my job and be self-employed?
Fred has worked for an accounting firm for over seven years and thinks he won’t ever be made a partner. He is very unhappy and desperately wants out. He thinks he should quit and set up his own. Wale,...
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Nigeria, others may repay debts in instalments – Report
Nigeria and other sub-Saharan African countries are increasingly issuing hard-currency bonds with staggered rather than one-off repayments, seeking to minimise the risk that volatile commodity prices...
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BVN: CBN provides guidelines for Nigerians abroad
The Central Bank of Nigeria says it has finalised the guidelines for Nigerians in the Diaspora to enroll for the Bank Verification Number. The Director, Banking and Payment System Department, CBN, Mr....
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Shipping companies should computerise operations —IFFA
Comfort Oseghale The International Freight Forwarders Association has called on shipping companies in Nigeria to computerise their operations and reduce human contact. At a press briefing in Lagos, the...
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APMT Apapa gets new DMD
APM Terminals Apapa has announced the appointment of Mr. Olufemi Ransome-Kuti as its deputy managing director. A statement issued by the company’s Communication Coordinator, Onajite Olusakin, said that...
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JV production faces further decline amid oil slump
With the slide in global oil prices showing no sign of abating and further driving down the Federal Government’s receipts from oil sale, production from joint venture operations in the country looks...
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Stop direct crude allocation to NNPC –ANEEJ
The Africa Network for Environment and Economic Justice has asked the Federal Government to stop direct crude allocation to the Nigerian National Petroleum Corporation. In a statement on Tuesday, ANEEJ...
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Accenture to acquire Schlumberger unit to expand operations
Accenture said it had entered into an agreement to acquire Schlumberger Business Consulting, the management consulting unit of Schlumberger, a global leader in oilfield services. Accenture is a global...
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Nigeria, others need power integration –Black & Veatch
Sub-Saharan African nations need to integrate their power-distribution systems to help meet the region’s increasing energy needs, the Chief Financial Officer, Black & Veatch Corporation, Karen...
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NSE index declines by 0.23%
Selling pressure outweighed bargain hunting in the equities segment of the Nigerian Stock Exchange with major market indicators declining. For instance, the NSE All-Share Index fell by 70.24 basis...
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SEC gives operators new deadline for mergers, acquisitions
The Securities and Exchange Commission has extended the notification deadline for capital market operators that are considering reclassification of functions, reduction of functions or...
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17 million SMEs not registered –BoI
Anna Okon The Divisional Head, Large Enterprises, Bank of Industry, Mr. Joseph Babatunde, has said that more than 17 million small businesses in Nigeria are in the informal sector and not registered...
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Non-oil exporters call for restoration of incentives
As the suspension of the Export Expansion Grant enters its second year, non-oil exporters in Nigeria are asking the government of Muhammadu Buhari to restore the incentive which has remained the only...
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NB plans 7th Golden Pen Awards
The Nigerian Breweries Plc has announced plans for the seventh edition of its Golden Pen Awards. According to a statement from the company, this year’s award will retain the same mechanisms used last...
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NBC set to establish Okigwe production facility
The Nigerian Bottling Company Limited has stated its commitment to boost its investment through a mega production facility in Okigwe, Imo State. This was revealed to a cross section of journalists in...
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CBN, NIBSS seek increased adoption of e-payment
The Executive Director, Nigeria Inter-Bank Settlement System Plc, Mrs. Christabel Onyejekwe, says the company has collaborated with the Central Bank of Nigeria to introduce an industry-wide incentive...
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