Business

FRIDAY EKEOBA Heritage Bank Plc has said that its attention has been drawn to a report making the round that it should short-down operations owning to inability to meet its financial obligation to customers. The bank said that the allegation is not true as the Geonel Integrated Services Limited’s account, the company that made the alleged false claims, is currently …

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From Left: Head of Delegation, International Committee of the Red Cross, (ICRC) Nigeria, Mr Eloi Fillion with President, Lagos Chamber of Commerce and Industry (LCCI) Chief Dr. Mrs. Nike Akande, during a Courtesy Visit to the ICRC office in Abuja on Tuesday.

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FRIDAY EKEOBA The Federal Government will tomorrow (Thursday) list its $1 billion Eurobond issued under the domestic economy newly established Global Medium Term Note programme on the floor of the Nigerian Stock Exchange (NSE). The15-year domestic Sovereign Eurobond priced at par and at a coupon of 7.875% per annum is the first foreign currency denominated security to be listed and …

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The Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with relevant international agencies to ensure that the growth of Mergers and Acquisitions in the country is sustained. Director General of SEC, Mounir Gwarzo stated this when he received a delegation of experts in Mergers and Acquisitions  from the United States of America and South Africa led by …

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The Minister of State, Petroleum Resources, Dr Emmanuel Kachikwu, has said that the Federal Government will attract more than 10 billion dollars investments to the oil and gas industry in the next five years. Kachikwu said this on Tuesday in Abuja at the ongoing Nigerian Oil and Gas (NOG) Conference tagged: “ Reforming and Repositioning the Oil and Gas Industry …

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The Dangote Tomato Processing Company, Kadawa, Kano state has concluded arrangement to purchase fresh tomatoes from farmers in Gombe and Sokoto States. The company had already signed an agreement with Tomato Growers Association for the procurement of the commodity from the two states. The Managing Director of the company, Alhaji Abdulkarim Kaita, said on Tuesday that the company found it …

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The African Development Bank will launch an $850m agriculture programme to transform the sector and reduce food imports in Africa. The Director of Agriculture in the bank, Dr Chiji Ojukwu, said, on the sideline of the International Conference on Wheat in Abuja on Tuesday, that the project, to be called Technology for African Agricultural Transformation, would ensure the generation, sustainable …

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Oil production has risen to 2.1 million barrels a day, the managing director of state oil firm NNPC said on Tuesday, without giving an explanation for the increase. “We are hoping that by the end of 2017 we should ramp up production to above 2.2 million barrels (per day),” Maikanti Baru told an oil conference in Abuja. According to Reuters, …

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Barring any last minute change, indication is high that fuel scarcity is imminent as Independent Petroleum Marketers Association of Nigeria (IPMAN) issued a two-week warning strike over alleged extortion by Depot owners and officials of Department of Petroleum Resources (DPR) at various depots across Lagos State. The oil marketers said it may also shut down all its over 2000 member filling …

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