About 40 fire incidents were recorded in different parts of Lagos State over the weekend, the Commissioner for Special Duties and Intergovernmental Relations, Mr Seye Oladejo, has said. Oladejo disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday at scene of fire outbreak at a plastic factory in Oshodi. NAN […]
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The Nigerian Stock Exchange (NSE) has issued a circular to stockbrokers warning them against a breach of the extant capital market rules which prohibit brokers from providing any guarantee on quoted shares, or other securities. The circular, obtained by The Nation at the weekend, came on the heels of a guaranteed investment scheme that involved […]
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Due to President Muhammadu Buhari’s success in the 2015 general election, Boko Haram insurgents might have taken over the Presidential Villa in Aso Rock. The Senior Special Assistant (SSA) to the President on Media and Publicity, Garba Shehu has said that President Muhammadu Buhari stated this during an interactive session with Nigeria students and youths […]
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The House of Representatives Committee on Communications has rejected the N6.97billion budget of the Ministry of Communications for failing to provide satisfactory details of its 2016 budget spendings. For capital projects, the Ministry is proposing to spend N5.964billion, N742.880million for personnel while N216, 880 million was proposed for overhead cost. For emphasis, the Saheed Fijabi-led […]
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Twenty-five employees of NIPCo Plc honoured for their long services. They had served the company for 10 years. NIPCo said the members demonstrated diligence and commitment for 10 years. Its Managing Director, Mr. Venkataraman Venkatapathy, said the company placed utmost value on the contribution of the workforce in its meteoric rise since it began operations […]
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Rolls-Royce has reported £4.6bn ($5.7bn) annual loss largely due to currency depreciation and payment of $808m fine to affected countries where it was involved in corrupt practices. According to a news agency, The Nerve, the motoring company had last month (January) apologised for the corruption case that centred around allegations that the group hired middlemen […]
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The consolidated operational performance of Nigeria’s three refineries based on their capacity utilisation was below 15 per cent in 2016, the Nigerian National Petroleum Corporation said. Nigeria’s refineries are the Warri Refining and Petrochemical Company located in Delta State, Port Harcourt Refining Company in Rivers State, and the Kaduna Refining and Petrochemical Company in Kaduna […]
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Zlatan Ibrahimovic spared Manchester United’s blushes at embattled Blackburn as he fired Jose Mourinho’s men into the FA Cup quarter-finals. Fighting on four fronts has left United with a bloated fixture schedule that manager Mourinho this week conceded could well leave his team “in trouble” towards the end of the campaign. A fifth-round replay would […]
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Petrol subsidy is back to the nation. The Nigerian National Petroleum Corporation has been offsetting for months the difference between the landing costs of petrol and the pump price. In series of interviews with knowledgeable players in the sector, NAN can report authoritatively that the landing costs per litre of petrol is higher than the […]
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Investing isn’t just for the rich. It is true that if you have lots of cash, you’ll have lots of options on where to put it. But if you are just getting started and have just a minimal amount of money to work with — anywhere from $5 to $1,000 — you may have more […]
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Nigeria has dropped to the fourth position as China’s trade partner in Africa from its former second position, the Chinese Ambassador to Nigeria, Zhou Pingjian, has said. According to correspondence, the envoy, however, noted that the relationship between the African country and Asian giants had a lot of potential, which could be tapped to the […]
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Nigeria’s total debt profile as at December 31 last year was $57.39 billion (N17.36 trillion), Director-General of the Debt Management Office (DMO), Abraham Nwankwo said yesterday. He spoke during his defence of the agency’s 2017 budget before the Senate Committee on Local and Foreign Debts in Abuja. Nwankwo said the amount included domestic and foreign […]
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