Nigeria has struck South Africa’s top mobile operator, MTN, with a back taxes of $2 billion just days after the government ordered it to repatriate $8.13 billion, the company said on Tuesday. MTN gave a brief statement to the market in which it confirmed that Nigeria’s attorney general gave “notice of an intention to recover […]
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Vice President Yemi Osinbajo has said that Buhari’s government is optimistic that Nigerian universities will play vital roles as incubators and accelerators for small and emerging business ventures. Osinbajo made this known at the Student Innovation Challenge in Bayero University, Kano on Tueday. He also said that he was pleased that a platform has been […]
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Oil giant, Shell, has reportedly initiated negotiations with local oil producers for selling two of its Nigerian oil licences in the Niger Delta, collectively worth $2 billion. The Anglo-Dutch petrochemical giant is in talks about selling its oil mining licenses 11 and 17, reports confirmed. Sources close to the matter revealed that the deal would […]
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The Lagos Chamber of Commerce and Industry has expressed concern over increase in population against declining Gross Domestic Product as shown in the report of the second quarter 2018. In its quarterly report, the National Bureau of Statistics had stated that the GDP growth in the second quarter was 1.5 per cent, compared to the […]
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About 2,051 Nigerians, who returned from Libya, have engaged in learning new trades between April 2017 and August 2018, the International Organisation for Migration has said. The United Nations agency said 1,130 men and 921 women participated in business training in Lagos, Edo, Nassarawa, Kano and Kaduna states, where they learnt types of business they […]
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Presidential spokesman Garba Shehu has said that Nigeria and China have completed arrangements to sign 328 million dollars agreement on the National Information and Communication Technology Infrastructure Backbone Phase 11 (NICTIB 11). Shehu, who is the Senior Special Assistant to the President on Media and Publicity, disclosed this in a statement in Abuja on Saturday. […]
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British Prime Minister, Theresa May has said she was in Nigeria to bring jobs and enhance treading links between Nigeria and Britain. While in Nigeria Theresa May, at FMDQ Security Exchange building, Victoria Island, Lagos, had a meeting with the Nigerian business community. The prime minister, accompanied by members of her trade delegation, met with […]
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President Muhammadu Buhari on Friday declared that Nigerians migrating illegally to Europe, were on their own as he would never support any illegality or indiscipline. President Buhari stated this while fielding questions from journalists during a joint press briefing between him and the visiting German Chancellor, Angela Merkel at the Presidential Villa, Abuja. The President […]
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The Minister of Agriculture and Rural Development, Mr. Audu Ogbeh, has expressed displeasure over the huge funds the country spent on importation of food, adding that efforts were ongoing to reverse the trend. Ogbeh who spoke at the 19th edition of Catholic Brothers United in Lagos said that the annual food importation stood at $22 […]
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The United State Agency for International Development (USAID) has added yet another development assistance of $26.5 million to Nigeria to support in achieving the development goals both governments outlined in the bilateral Development Objectives Assistance Agreement, signed 2015. Of the new funding, $25 million is meant to strengthen good governance by supporting state governments’ efforts […]
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Nigeria has pledged to strengthen bilateral trade and investment with the Russia Federation. Vladimir Putin Prof Steve Ugbah, Nigerian Ambassador to the Russian Federation with concurrent accreditation to the Republic of Belarus, made the pledge when the Chairman Russia –Nigeria Council (RNBC), Mr Dmitry Osipove, visited him in Moscow. In a statement from the Nigerian […]
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Nigeria earned as much as ₦7.93 trillion ($26 billion) from oil exports between January and July this year, making it the sixth largest revenue earner among Organisation of Petroleum Exporting Countries, OPEC, member nations. This is according to the OPEC revenues fact sheet report, published by the US Energy Information Administration, EIA. The report said […]
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