Indian telecoms carrier Bharti Airtel said on Thursday that there were no irregularities in deals that made it the majority shareholder in a Tanzanian unit, a day after the country’s president claimed the company belonged to the state. President John Magufuli said on Wednesday he had received a report that the state-run Tanzania Telecommunications Company […]
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The Federal Government will provide cheap funds of not more than five per cent to farmers who wants to acquire agricultural equipment and feeds. The Central Bank Governor, Godwin Emefiele, made this known on Thursday at the official launch of Mitros Ofada Rice in Abeokuta. Emefiele said the cheap funds would help conserve foreign exchange […]
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Truck operated by one of the ground handling companies yesterday hit and damaged an aircraft belonging to Air Peace at the Murtala Muhammed Airport in Lagos, disrupting some of its flights. The incident occurred in the morning during the loading of passengers’ luggage into the cargo hold of the aircraft scheduled to service the carrier’s […]
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The Nigeria’s Federal Government, through the National Council on Privatisation, NCP, has approved the privatisation of the remaining five (out of the 23) subsidiaries of the Nigerian Mining Corporation (NMC). A statement by Mr. Chukwumah Nwokoh, the Head, Public Communications, Bureau of Public Enterprises (BPE), on Thursday in Abuja, said the council gave the approval […]
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Nigeria’s Minister of Mines and Steel Development, Dr Kayode Fayemi, Thursday, disclosed that the ministry has generated ₦3.5 billion as of November 2017. Fayemi made this known during the ministry’s 2017 End of Year Media Briefing at its headquarters in Abuja, where he said the ministry surpassed the 2016 target with ₦1.2 billion. The Minister, […]
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The National Association of Road Transport Owners (NARTO) and Petroleum Tanker Drivers (PTD) have expressed the commitment to throw their weight behind NNPC in the efforts to rid the hiccups being experienced in the supply and distribution of Premium Motor Spirit (PMS), otherwise called petrol, in parts of the country. The pledge was made Wednesday […]
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Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the corporation doubled the daily supply of Premium Motor Spirit (PMS), otherwise called petrol, from daily 700 trucks (about 27million – 30million) litres per day supply to 80million litres per day since the current hiccup in the supply chain […]
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The attention of the Nigerian National Petroleum Corporation (NNPC) has been drawn to a story in a national weekly alleging that the following Companies: AMG Petroenergy Limited, Brittania-U, Cassiva Energy, Hyde Energy, Masters Energy, Bono Energy Ltd and Sahara are Ghost Companies and have lifted a total of about 67.2Million Barrels of Nigerian crude oil […]
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Nestle expects to sell its U.S. confectionery business in the first quarter of 2018, following a review launched earlier this year as part of efforts to improve performance at the world’s largest packaged food company. Nestle said in June it was exploring strategic options for the more than $900 million per year business, which includes […]
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Royal Dutch Shell has agreed to buy British household energy and broadband provider First Utility, stepping up competition to the “Big Six” suppliers whose dominance of the market is already under pressure. Shell did not disclose any financial details of a deal which takes it into a new sector of the retail market. First Utility […]
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BUA International Limited has welcomed the decision of the Dangote Group to await the completion of the judicial process in the ongoing dispute by both parties over limestone mining sites. Dangote Cement Plc had written to the Nigerian Stock Exchange on Tuesday in respect of a report that a court awarded ₦2,697,125,000 against it for […]
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As the scarcity of Premium Motor Spirit (petrol) continues to rock many parts of the, the Lagos Chamber of Commerce and Industry has said the Nigerian National Petroleum Corporation cannot continue to be the sole importer of the product into the country. Private oil marketers had since last year stopped fuel importation due to shortage […]
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