The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has ordered the deployment of employees of the Nigerian National Petroleum Corporation in filling stations across the country for effective monitoring of the fuel distribution system. The corporation disclosed this on Monday in a statement signed by its Group General Manager, Group Public Affairs Division, […]
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Guinness Nigeria Plc has approached a Lagos High Court in Igbosere to challenge the N1bn fine imposed on it by the National Agency for Food and Drug Administration and Control. The company urged the court to perpetually restrain NAFDAC from publicly discussing, analysing or providing any information to the media, whether print, electronic or in […]
Read More The Kaduna refinery has resumed production following its closure three months ago, the Managing Director, Kaduna Refining and Petrochemical Company Limited, Mr. Seidu Muhammed, has said. Three of the nation’s four refineries in Warri, Kaduna and Port Harcourt had resumed production of refined petroleum products in July after undergoing rehabilitation, but they were shut down […]
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Lagos State Government has paid N1.9bn retirement benefits to another set of 294 retirees under the Contributory Pension Scheme. The Commissioner for Establishment, Training and Pensions, Dr. Akintola Oke, disclosed this during the presentation of the retirement benefit bond certificates to the retirees in Lagos. “Today, we are crediting into your Retirement Savings Accounts the […]
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Nigeria’s crude oil, which has been struggling to sell in recent months, may suffer further setbacks in the global market following the lifting of the ban on the United States oil exports. The US Congress had on Friday approved the lifting of the ban as part of a $1.1tn spending bill, which included a provision […]
Read More The Nigerian Stock Exchange (NSE) has directed all stockbroking firms to perfect their status by January 30, next year to align the firms’ capital and capacity with their roles in the stock market. In a circular to all its dealing members at the weekend, the Exchange directed the firms that seek to reclassify their registered […]
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The Central Bank of Nigeria (CBN) is expected to shut the official foreign exchange (forex) window for the year by Wednesday and pump $90 million into the parallel market, it was learnt yesterday. This week’s parallel market intervention is expected to curb prevailing naira volatility in the market. The naira last week exchanged at N280 […]
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Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says the apex bank is evolving additional measures to boost the nation’s economy and stabilise the naira. Emefiele made the remark at an Interactive Session with Media Editors in Abuja. He declined to give details of the measures and modalities for their implementation “Don’t ask […]
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The Securities and Exchange Commission (SEC) says it has revoked the operational licences of 84 Capital Market Operators (CMOs). This is contained in a statement issued by the commission on Saturday in Lagos. It said that the CMOs’ accounts had remained inactive in spite of the commission’s earlier notice to them to rectify their accounts. […]
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…Enables receipt of Western union funds via ATMs Foremost African financial institution, Guaranty Trust Bank plc has reaffirmed its position as a leading provider of e-payment solutions with the introduction of a new service that allows customers receive Western Union funds directly into their GTBank account via any of the Bank’s Automated Teller Machines […]
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Customers and traders in Sabo Market Ikorodu were super excited to witness another stimulating draw. Several people went home with cash prizes and instant gift items in the Skye Bank “Reach for the Skye Millionaire Reward” scheme. The monthly draw which took place at the Better Life Market day in Sabo Market on Wednesday, December […]
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It has been made known to Nigerian farmers by a Dutch court that they can sue Royal Dutch Shell in Netherlands for the pollution they blame on oil spills from the pipelines of the company’s Nigerian subsidiary. Shell had challenged the authority of Dutch courts to rule on its activities in Nigeria. Judges in The […]
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