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Aiteo Group, 9 other Oil Firms get ultimatum to remit $250m to FG

The  House of Representatives Committee on Oil and Gas on Thursday gave 10 indigenous oil companies in the country two weeks to remit 250 million dollars oil royalty to Federal Government’s coffers. Mrm Jerigbe Agom, the Chairman of the committee, gave the ultimatum at the ongoing sitting over unremitted funds in the industry. According to the Chairman, Nigeria can no longer ...

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FG to issue N10.6bn green bonds to finance renewable energy projects – DMO

Eurobonds

ABUJA – Ms. Patience Oniha, the Director-General, Debt Management Office (DMO), says the Federal Government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment. Oniha said this in Abuja on Thursday at the Nigeria Green Bond Investors Forum, organised by the Federal Ministries of Environment and Finance, in collaboration with Green Bond ...

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Gov Ajimobi presents N267bn 2018 budget

Abiola-Ajimobi

IBADAN – Governor Abiola Ajimobi of Oyo State on Thursday presented a N267 billion Appropriation Bill  for the 2018 fiscal year to the Oyo State House of Assembly. The appropriation bill  tagged, `Budget of Stabilisation,’’  presented to the assembly was N60 billion  higher than the N207 billion presented in  2017. Ajimobi said  capital expenditure in the  bill was N149.1 billion  ...

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FAAN Begins Palliative Repairs On Enugu Runway

akanu-ibiam-international-airport

The Federal Airports Authority of Nigeria, FAAN, has notified air travellers and the general public that with effect from Thursday, 14th December, 2017, the Authority will embark on a palliative repair work on the Runway of Akanu Ibiam International Airport, Enugu. The first phase of the repair work will commence on the 14th to 21st December 2017,  while the second ...

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Microbiologist wins N5m Heritage Bank’s Sponsored Next Titan Season-4

A 22-year-old fledgling entrepreneur, Mr. Iyeh Kennedy has emerged winner of Season 4 of the Next Titan, Nigeria’s entrepreneurial reality TV show sponsored by Heritage Bank Plc, as headline sponsor. Kennedy is the MD of Blue Leaf Herbs and Spices which is into 100 percent organic cultivation, production and packaging of spices with the objective of reducing importation of spices ...

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Sale of New Naira Notes: Police, DSS nab 13 in Port Harcourt

Naira-notes

PORT HARCOURT – The Police, working in collaboration with the Department of State Services (DSS), have arrested 13 naira note sellers in Port-Harcourt, Rivers State in a sting operation that included officials of the Central Bank of Nigeria. Briefing the media on Wednesday, December 13, 2017, the Police Public Relations Officer, Rivers State Command, Deputy Superintendent of Police, Nnamdi Omoni ...

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30 ships laden with petroleum products to arrive Lagos ports

Thirty ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Dec.13 to Dec. 30. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position’, a copy of which was made available to newsmen on Wednesday in Lagos. NPA said that the ships contained buck wheat, ...

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Shell rewards energy entrepreneurs at Accelerator event

Ngozi Deborah Atalor, a Shell  Nigeria LiveWIRE entrepreneur has emerged winner of the pitching competition for young Nigerian entrepreneurs in alternative energy business  as part of the #makethefuture Accelerator event held in Port Harcourt, taking home N1million prize money to boost her business. This is coming barely a month after she won a $5,000 merit category prize in the Shell LiveWIRE top ...

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Kwara Govt releases N100m SME funds to Market Association

Naira-notes

ILORIN – The Kwara State Governor, Dr Abdulfatah Ahmed has approved the release of N100 million Small and Medium Enterprises (SME) funding to the market Association in the state. Besides, the governor said beneficiaries of the SME fund will henceforth be treated on the basis of association while all illegal parks in the state will be abolished. Speaking at a ...

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Forex Market gets another $210m boost from CBN

US Dollar

ABUJA – The interbank window of Nigeria’s Foreign Exchange market on Tuesday, December 12, 2017, received yet another boost of $210,000,000.00 from the Central Bank of Nigeria (CBN).  According to figures obtained from the Bank, Tuesday’s interventions were for the Wholesale, Small and Medium Enterprises (SMEs) and invisibles segments of the market. The Acting Director, Corporate Communications at the CBN, Mr. Isaac Okorafor disclosed ...

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