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Cinemas delay release of “Captain Marvel” due to gubernatorial elections

Nigerian cinema enthusiasts looking forward to seeing the highly-anticipated “Captain Marvel” film on Friday, March 8th, will have to wait another week. This is because…

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Visionscape may have defaulted on bond payments.

Reports that broke yesterday, suggest that Visionscape may have defaulted on payment for a Lagos State bond.   Hearing of the default by Lagos State on the VisionScape bond and…

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Tanzanian-based Zola Electric expand into Nigeria

Tanzanian-based renewable energy company, Zola Electric has announced the company is planning on entering the Nigerian market, after its successful growth and expansion in Tanzania, Rwanda,…

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Tony Elumelu advises President Buhari on sectors to focus on

United Bank for Africa’s Chairman, Mr Tony Elumelu, has enumerated sectors of the economy that President Muhammadu Buhari needs to focus on during his second…

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Stakeholders reach final decision on Access, Diamond Banks merger

Shareholders of Access Bank Plc and Diamond Bank Plc, on Tuesday, unanimously approved the merger of both financial institutions aimed at creating a formidable force….

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Diamond Bank introduces Payday Loan

As part of its merger benefits to customers, Diamond Bank, Nigeria’s leading retail Bank has introduced PayDay Loan to ease the financial burden of customers.  PayDay Loan…

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CBN confirms Emefiele is still in charge, for now

The Central Bank of Nigeria’s Director in charge of Corporate Communications, Mr Isaac Okorafor, has dispelled rumours suggesting that the CBN Governor, Mr Godwin Emefiele,…

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Delays in negotiating PSCs may have cost Nigeria $16 billion

The Nigeria Extractive Industries Transparency Initiative (NEITI)  disclosed that Nigeria had lost at least $16 billion over a ten-year period (2008 – 2017) due to…

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NNPC and Aiteo deny NTCL pipeline suffered explosion

The Nigeria National Petroleum Corporation (NNPC) has refuted claims of a pipeline explosion in the Nembe community in Bayelsa state. The corporation said they have…

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Globacom Nigeria unveils strategic plans to rival competitors

Globacom Nigeria Limited said it has mapped out plans that would help position the Nigerian economy on the right digital path. These plans would also…

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Jim Ovia projects growth for Nigeria but data suggest otherwise

Two years after Nigeria exited the recession, Jim Ovia, Chairman of Zenith Bank Plc believes the country is on a growth trajectory due to Nigeria’s…

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4+4: What Buhari may achieve in his second term

President Muhammadu Buhari’s victory at the polls in the early hours of Wednesday 2019 signaled the end of a very feisty election. It also confirms…

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Foreign trade volume hits N32.26trn in 2018 – NBS

The Nigerian National Bureau of Statistics (NBS), said the country recorded a total trade value of N32.26 trillion year-on-year in 2018, representing 39.3 per cent…

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EFCC files suit against ex Skye Bank Chairman Tunde Ayeni

The Economic and Financial Crimes Commission (EFCC) have initiated legal action against the former Chairman of Skye Bank, Tunde Ayeni and its former Managing Director, Timothy…

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First Bank kicks off 125th anniversary celebrations

First Bank of Nigeria Limited on Friday kicked off activities marking its 125th anniversary with a flag hoisting ceremony, at its Marina head office.  Present at…

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WARNING: This malware could withdraw all your money

A newly discovered computer malware — Winpot — could be used by cybercriminals to automatically withdraw customers’ money from Automated Teller Machines, ATMs. The discovery was made…

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Shell faces Dutch prosecution over Nigeria license

Netherlands’ Public Prosecutor’s office has informed Royal Dutch Shell Plc of its intention to prosecute the oil company over a license in Nigeria, which has resulted…

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FG to ₦39.9 billion monthly Subsidy as Petroleum Import declines

The importation of refined petroleum products will decline in March 2019, even as Nigerians consume an average of 53.2m litres of PMS daily. According to…

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Investors should take advantage of over $48bn opportunities in oil sector

There are more than $48 billion worth of investment opportunities in Nigeria’s oil and gas sector, according to the Nigerian National petroleum Commission, NNPC. And…

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MTN’s profit projection unhindered by numerous regulatory troubles

MTN Group, the parent company of Nigeran Telecommunication firm, MTN Nigeria, has projected an increased profit despite the telecom company’s financial tussle with various African…

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