The Nigerian National Petroleum Corporation (NNPC) says it has plans to establish 100,000-barrels-per-day brownfield refineries in Port-Harcourt and Warri to boost local refining of crude oil in the country. The Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, disclosed this in a statement issued on Tuesday in Abuja. Ughamadu said that the effort […]
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The Central Bank of Nigeria has sustained its intervention in the inter-bank foreign exchange market by injecting 210 million dollars into the various segments of the market. The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, on Tuesday in Abuja, said the apex bank offered 100 million dollars as wholesale interventions and allocated 55 million […]
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Nigerians will pay 14 percent increase above their current residential consumers electricity tariff if the Federal Government goes ahead to implement its newly introduced Eligible Customer policy in the power sector, according to power distribution companies. In July this year, the Minister of Power, Works and Housing, Babatunde Fashola, said in order to accelerate power […]
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Acting President, Prof. Yemi Osinbajo, says the Federal Government is working towards providing Micro, Small and Medium Enterprises(MSMEs) a credit facility of N2milion to N10 million without collateral. He made the disclosure at a dinner/ maiden edition of the MSMEs Award 2018 held at the State House Banquet Hall, Abuja. The awards, packaged by the […]
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Unprecedented correction in the property market is making landlords who originally seek out corporate tenants, for their properties, to prefer individuals (single) tenants, who can afford the rents, according to newly released Ubosi and Eleh Company’s Nigeria Real Estate Report 2018. This trend is expected to continue in the second half of the year. However, […]
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Billionaire businessman, Aliko Dangote, says besides being Africa’s richest man, he also wants to be known as the biggest philanthropist on the continent. This, he explained, was the motivation for the Aliko Dangote Foundation, on which platform a total of N2.5bn had been disbursed to 256,500 women across Kano, Lagos, Jigawa, Kogi, Adamawa, Borno and […]
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By Banji Ayoola Hopes are brightening that the much awaited exploitation of the vast bitumen deposits in Ondo State will soon begin in earnest, as 11 private firms have shown interest in the project, which, expectedly, would turn around the fortune of the state and the Country at large. The firms have formally indicated their […]
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