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Savannah Petroleum hints on final approval to acquire Seven Energy Assets

UK based Savannah Petroleum has revealed that plans to acquire Nigeria’s Seven Energy Assets will be completed by before the end of the year. In…

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Posted in NAIJA BIZ

Flour Mills seeks license for power generation

Flour Mills of Nigeria Plc has announced plans to proceed with the application for an Electric Generation License. According to a release signed by the company’s…

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How FAAC allocation is hindering agriculture

The Nigerian agricultural producers and exporters have been advised to improve the quality, branding and packaging of their produce, in order to fully explore the…

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Lagos defends action on Cleaner Lagos Initiative

Lagos State Governor, Mr. Akinwumi Ambode has described the current challenges faced in the waste management of the state as an aftermath of an astronomical population growth…

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Why PZ Cussons and Unilever import palm oil despite presence of local producers

The Vice President of the Nigeria Agribusiness Group (NAGB), Mr Emmanuel Ijewere, has explained why companies like PZ Cussons Plc and Unilever Nigeria Plc continue to…

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20,550 businesses benefited from BoI’s credit facilities in Kaduna

The Bank of Industry (BoI) has disbursed about N2.8 billion credit facility to over 20,550 micro-enterprises and 280 Small and Middle Enterprises (SMEs) in Kaduna State. This…

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AMCON outlines its plans for Polaris Bank

The Chief Executive Officer (CEO), Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru has affirmed that the agency and the management of Polaris Bank have reached an…

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Nigerians jump on #BuhariChallenge

Presidential aspirant of the Peoples Democratic Party (PDP), Atiku Abubakar has challenged President Muhammadu Buhari to list his achievements since assuming office. In a document…

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Med-view Airline makes U-turn, set to recall 60 workers

Medview Airline Plc in a return statement edges up hope of laid off staff while saying the staff will only be gone temporarily and would…

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FG set to go after Nigerians with foreign assets with VOARS

The Federal Government has stepped up its revenue drive as President Muhammdu Buhari this week signed the Voluntary Offshore Assets Regularisation Scheme (VOARS) into law….

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Shell prepares staff for media storm over Malabu

Oil giant, Shell has prepared its staff for what might be a long legal battle in Italy. The company disclosed this in an internal memo,…

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Nigeria requires $1trn to modernise energy infrastructure

Vice President Yemi Osinbajo says 1 trillion dollars is required to modernise Nigeria’s energy infrastructure in 29 years. Osinbajo made this known while declaring open a…

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Report ranks Nigeria lowest on wealthy-poor bridging gap

A new report by Aid agency, Oxfam has ranked Nigeria, Singapore, and India among countries widening the gap between the wealthy and the poor. In its…

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IMF predicts a sharp rise in Nigeria’s Inflation by 2019

These are certainly not the best of days for the Nigerian economy as various projections and predictions are not favourable to the economy; as the nation…

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National Assembly to probe collapse of Skye Bank Plc

Chairman, House of Representatives Sub-Committee on Capital Market and Institutions, Tony Nwulu has made known the intention of the lower house to probe into the Central Bank of Nigeria’s…

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Stanbic IBTC deploys robotics for banking operations

Stanbic IBTC Bank, a member of the Stanbic IBTC Holdings Plc has launched another first in Nigeria’s banking industry with the deployment of robotics to…

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AMCON raises red flag on some Nigerian airlines

AMCON Chief Executive, Ahmed Kuru has raised an alarm over the state of health of some local airlines in the country. The AMCON Boss noted that…

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Sterling Bank debtors may lose their pledged assets soon

Sterling Bank Plc revealed plans to embark on new strategies that will ensure quick recovery of debts. The strategies to be explored include restructuring for accelerated…

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All is set for SAHCOL listing on the Nigerian Stock Exchange

The board and management of Skyway Aviation Handling Company Limited (SAHCOL) has reached an agreement with the Bureau of Public Enterprise (BPE) and Securities and…

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Dangote Cement inches closer to London listing

Africa’s richest businessman, Alhaji Aliko Dangote has provided some hints on the much awaited London public listing of Dangote Cement. Dangote while speaking at the FT…

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