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FG earmarks $1.6 billion for sea-port construction

The Federal Government has set aside the sum of $1.6 billion for the development of two seaports in the South- South region to help decongest the Lagos…

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NASS pledges support to AMCON on debt recovery

The National Assembly has assured the Asset Management Corporation of Nigeria (AMCON) of its support to recover the over N5.4 trillion outstanding debt owed by obligators. Chairman, Committee…

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Motorist groan as Lekki Toll gate upgrade may extend till month end.

Lagosians driving past the Lekki Express Toll Gate faced a tumultuous week following the suspension of electronic passage. The Lekki Concession Company Limited informed its…

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NIS partners IOM, as Nigeria launches Migration Information and Data Analysis System

Nigeria has partnered with the International Organization for Migration (IOM) through the Nigerian Immigration Service (NIS) to launch a new Migration Information and Data Analysis System (MIDAS) at the Abuja…

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N3 trillion required to provide short-term relief and replace damaged infrastructure – NEMA

The National Emergency Management Agency (NEMA) has disclosed that to tackle and address the various disasters across the county, it would need nearly N3 trillion. According to Punch,…

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Seven Energy Group sells assets, as British oil firm completes acquisition

The Seven Energy Group, a Nigerian oil and gas exploration, development, production and distribution company, has just completed the sale of its assets in an acquisition,…

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Experts lament rising inflation over border closure

Although capital market operators have praised the closure of Nigeria’s land borders by the Federal Government, noting that it has yielded positive economic results, they have raised…

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Mutual Fund: Nigerian investor discloses his 10 years investment that nosedived

Before you invest in a Mutual Fund, you need to read the experience of a Nigerian Researcher, Solomon Udoh, so you won’t get your fingers burnt….

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Liquidate Asset Management Corporation of Nigeria – CBN, NDIC, Ernst & Young

The Asset Management Corporation of Nigeria (AMCON) might cease to be operational as the Central Bank of Nigeria (CBN), Nigerian Deposit Insurance Corporation (NDIC) and Ernst &…

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Worry for Nigeria as forecast shows OPEC countries will face a challenging 2020

The International Energy Agency has projected that members of the Organisation of Petroleum Exporting Countries (which Nigeria belongs to) and all the other OPEC+ countries, will…

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Petrol importation drops by 512 million litres in 3 months

Petrol importation in Nigeria drops by 512 million litres between June and September, this was disclosed in the latest National Bureau of Statistics (NBS) Petroleum…

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Confusion rocks Medview as NCAA’s plan to withdraw license threaten job

Plans by the Nigerian Civil Aviation Authority (NCAA) to withdraw the operating license of Medview Airlines has caused confusion in the company as the NCAA decision threatens sack of workers…

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Telcos kick against Pantami’s directive on Automatic Voicemails

Following the Minister of Communications and Digital Economy, Dr Ali Pantami directive for telecommunication companies to deactivate automatic voicemails on existing phone lines in the country, the telcos have…

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Outrage as RwandAir dumps luggage belonging to Nigerians in Dubai

Some Nigerians have been left frustrated after they discovered that their flight, RwandAir (the national carrier of Rwanda), dumped their luggage in Dubai instead of…

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NNPC inks $1.16 million deal to deliver power project

The NNPC-Abuja Independent Power Project will receive a massive boost, following the agreement reached between the Nigerian National Petroleum Corporation (NNPC) and the United States Trade…

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Open Banking Nigeria gets backing from eTranzact and Accounteer

Open Banking Nigeria has found new partners in eTranzact International Plc and Accounteer after the two companies disclosed they were partnering with the initiative. The…

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FG reiterates commitment to rejig steel sector, moves to ban steel importation

In a bid to revive the steel sector and encourage the local steel manufacturing industry, the Federal Government is considering total ban on steel importation….

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Firm issues warning over Seplat Petroleum’s acquisition of Eland Oil & Gas

Following the announcement of the acquisition of Eland Oil & Gas by Seplat Petroleum Development Plc as notified on the Nigerian Stock Exchange (NSE) and…

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Network operators accept government’s ‘shared facility arrangement’ that limits financial risk

Telecommunications companies have expressed their willingness to operate a shared facility proposed by the Federal Government. The government had initiated the idea in order to expand telecommunication…

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Pantami moves to ban automatic voicemail service by telcos

In a bid to check financial exploitation of customers by telcos, Minister of Communications and Digital Economy, Dr Isa Pantami has ordered the deactivation of…

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