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Abuja
Sunday, October 20, 2019

Nigeria’s Seplat gets more time to make an offer for Afren

British oil producer Afren Plc said the UK Takeover Panel extended the deadline for Nigeria's Seplat Petroleum Development Co to make a firm offer...

Home Made Nigeria Cars For N1.2m

The National Automotive Council (NAC) says Nigerians would soon be able to purchase brand new made in Nigeria cars for as low as N1.2...

Nigeria Vehicle Purchase Scheme To Begin In March

A total of N2.5 billion has been set aside for the flag-off of the Nigerian Vehicle Purchase Scheme expected to commence in March 2015. According...

FG approves $80bn nuclear plants’ construction

The Federal Government of Nigeria has taken a Final Investment Decision (FID) on the construction of $80 bil-lion nuclear plants to be constructed and...

Nigeria’s Economy’ll Grow By 6% In 2015 —AfDB

Dr. Ousmane Dore, the Country Director, African Development Bank (AfDB) for Nigeria, has predicted that the Nigerian economy will grow by six per cent...

Insurance Stakeholders Commit To Create 300k Jobs In 10 Years

Identifying that the insurance industry has not contributed its optimum to the Nigerian economy, stakeholders led by Coordinating Minister in charge of the Economy...
Refineries

FG needs $500m to fix refineries – Kachikwu

The minister of state for petroleum resources, Mr. Ibe Kachikwu, has revealed that between $300 million and $500 million will be required to fix...

NNPC causes fuel scarcity –PTD President

National President, Petroleum Tanker Drivers, PTD, branch of National Union of Petroleum and Natural Gas Workers, NUPENG, Salimon Akanni Oladiti, has accused Nigerian National...

South Africa Emulating Nigeria Power Sector Reforms – Minister

Minister of State for Power, Alhaji Mohammed Wakil says South African was now emulating the Nigerian power sector privatisation model in the transformation of...

CBN Revokes Licences Of 766 BDCs

For failing to meet the July 31, 2014 recapitaisation deadline, operating licences of 766 Bureaux De Change have been revoked by the Central Bank...

Nigeria’s rice importation bill now $1.8b-Dangote

Africa’s richest man and President, Dangote Group, Alhaji Aliko Dangote has lamented that Nigeria spends nearly $1.8billion per year importing (approximately 3.2 million) metric...

IMF disagrees with Buhari, insists on naira devaluation

The Central Bank of Nigeria needs to devalue the naira by adjusting the official exchange rate of N199/dollar to a more market-determined exchange rate,...

CBN Governor: The Legal Implication of Suspension

On the 20th February, 2014, President Goodluck Jonathan suspended Mallam Sanusi Lamido Sanusi as the Governor of Central Bank of Nigeria. The Presidency premised...

Nigeria To Begin Chocolates Manufacturing

Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, has said that Nigeria is expected to generate $1.5 billion from cocoa ex­ports in 2014. Adesina...

Dangote to revive local rice production with N50b

Nigeria’s foremost conglomerate, Dangote Industries Limited, will invest $300 million (N50 billion) in local rice production to make the country self-sufficient and stop importation...

Dangote to generate 12,000MW electricity

The President, Dangote Industries, Aliko Dangote, has said his company should be able to generate about 12,000 megawatts of electricity for the country by...

DHL Support Call For Renewal Of AGOA

Trade relationship between the United States and Africa, as well as the African Growth and Opportunity Act (AGOA) - which provides exporters duty-free access...
No Banking Day

First Bank to sack 1,000 workers

FBN Holdings Plc, the parent company of First Bank Nigeria Limited, is planning to cut about 1000 jobs and focus less on providing loans...

Nigeria’s steel market faces Glut

As the glut in global steel production heightened, with many steel industrial firms shutting down, local steel manufacturers may have begun to feel the...

Banks in free trade zones to get tax, duty waivers

The Central Bank of Nigeria (CBN) has said it would henceforth grant tax and duty waivers to banks operating in the Free Trade Zones...