The House of Representatives yesterday urged the Ministry of Petroleum Resources and the Petroleum Products Price Regulatory Agency ( PPPRA) to review the current price template for petrol with a view to bringing it down. The Green Chamber was of the opinion that Nigerians are being made to pay for unnecessary costs attached to petrol […]
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Investments in the production of fertiliser in Nigeria by foreign and indigenous investors in the last two years have grown to about $4.5bn (N1.373tn) despite the constraint in accessing the United States dollars, the African Fertiliser and Agribusiness Partnerships has said. The AFAP, an independent non-profit organisation created by a partnership of African development agencies, […]
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MTN Nigeria has announced the launch of the MTN YafunYafun promo to make the Christmas festive season an exciting one for subscribers. MTN YafunYafun promo is an SMS subscription-based service that allows MTN’s existing and potential customers to earn points for every recharge they make on the network. The General Manager, Consumer Marketing, MTN Nigeria, […]
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Oil markets were unstable early today Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014. U.S. West Texas Intermediate (WTI) crude futures were at $45.38 a barrel at 0019 GMT, […]
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Officials of the Ministry of Finance and the Budget Office of the Federation will today (Friday) meet over the clash in some of their functions, correspondent have revealed. President Muhammadu Buhari had in November last year created the Ministry of Budget and Planning from the Finance ministry. Buhari had named Mrs. Kemi Adeosun and Senator Udo […]
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The Economic and Financial Crimes Commission (EFCC) on Friday arraigned the Vice Chancellor of the Federal University of Agriculture, Abeokuta, (FUNAAB), Prof. Olusola Oyewole and Pro -Chancellor of the institution, Senator Adeseye Ogunlewe, for conspiracy and stealing at the Ogun State High Court in Abeokuta. The university Bursar, Moses Ilesanmi, is standing trial along with […]
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Bangladesh said Friday the Uber ride-sharing service was operating “illegally”, just days after it launched in the capital. A notice placed in a high-circulation newspaper by the Bangladesh Road Transport Authority told drivers not to work through the popular phone app. “Uber, the online-based taxi service, is being operated completely illegally,” said BRTA director Mohammad […]
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Former President Olusegun Obasanjo received a dose of his own pill yesterday when the House of Representatives lambasted him in response to his description of lawmakers as corrupt. According to correspondents, the lawmakers described him as the “grandfather of corruption”, who is “acting as lifetime opposition leader, blackmailer” that “wants to bring down Buhari’s government”. […]
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The World Bank has indicated its willingness to assist Nigeria’s maritime sector with $40 million. The Nigerian Shippers Council said the fund is expected to be used to clear the traffic gridlock along ports access roads in Apapa, Lagos. The Executive Secretary of the Council, Mr. Hassan Bello, who spoke in Abuja yesterday at a […]
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Ecobank Nigeria begin a sensitisation exercise of mass and conventional markets of its innovative global digital payment system, MasterPass QR, launched in Lagos. The system allows people to pay for services using mobile phones. It also enables micro, small and medium enterprises (MSMEs) to receive digital payments from millions of their customers. Its Head, Consumer Distribution, […]
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Despite facing numerous challenges in the year, telecommunication giant MTN Nigeria has emerge the best and most valuable brand in Nigeria according to the 2016 Top 50 Brands survey. The telecoms brand came first with a rating of 90.1, which bettered Coca-Cola Nigeria, 84.7, and Guaranty Trust Bank, 81.8. The model that was used in […]
Read More FCMB Group Plc recorded considerable growths in the top-line and profitability in the third quarter as the financial services group grew net profit by 30.6 per cent to N13 billion within the nine-month period. Key extracts of the nine-month report for the period ended September 30, 2016 showed that group gross earnings rose by 29 […]
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