Business

President Muhummadu Buhari President Muhummadu Buhari has unveiled Seven Big Wins, as part of short to medium term strategy framework with robust priorities to grow Nigeria’s oil and gas sector. The seven big wins to revamp and revive the sector will focus on key areas including Niger Delta development and security of the oil producing region; policy and regulation; business environment …

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Niger Government partners Chevron others to improve rice production Olabode Adaramola The Niger state government is partnering oil giant Chevron and some other private organisations in the country to improve rice cultivation and production in the 25 local governments of the state. Chevron and its affiliates, under the arrangement are providing the technical assistance and capacity building for fresh graduates …

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Q3: Conoil Sustains Profitability With 54% Increase Conoil Plc sustained its impressive performance so far this year with yet an encouraging 54 per cent increase in its Profit Before Tax for the nine-month period ended September 30. The performance of the major fuel marketer showed that it continued to brave the stifling operating environment in the downstream sector of the …

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Toyota recalls 5.8m cars Toyota Motor Corp has recalled about 5.8 million cars at home and abroad over potentially faulty air bag inflators made by Takata Corp. According to agency report, the company said in a statement in Tokyo, that the recalled cars included those used as replacement parts following a 2010 recall. It said the recalled covered airbags installed …

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Unaudited Result: Union Bank Post N91.4bn gross earnings for 9months … as deposit base rises to N618.30bn Friday Ekeoba Despite the hash economic realities, Union Bank of Nigeria Plc, Wednesday, posted N91.4 gross earnings profit in its nine months unaudited result ended 30 September, 2016. Similarly, the bank grew its profit before tax to N13.2 billion, this indicating a 27 …

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Friday Ekeoba  In what market watchers have described as a major step in turning around waste management into a veritable avenue for growing the domestic economy, the Nigerian Stock Exchange (NSE), Tuesday admitted The Initiates Plc N753, 950 million units of shares on the trading floor of the market. The Initiates Plc is a Nigerian company which delivers international standard …

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First Bnak wins digital bank award As part of operational repositioning, First Bank of Nigeria Limited has won the Global Finance Digital Bank of Distinction award, 2016. The Bank in a statement, said, “This new award recognizes outstanding accomplishments in digital banking made by middle-market and local banks. It honours banks that may be outspent by their global competitors but …

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From Left: Joseph Ogbonna Anosike, Chairman, The Initiates Plc; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE) and Ossai Reuben Mustapha, Managing Director/CEO, The Initiates Plc at the listing of The Initiates Plc at the Exchange on Tuesday.  

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Niger Govt signs MOU with a firm for Construction of 50Megawatts of Solar Plant Olabode Adaramola Niger State Government has signed a Memorandum of Understanding (MOU) with Vyonarc Development Limited for the construction of 50 Megawatts Solar Plant at Ragba along Mokwa-Jebba road in Mokwa Local Government of the State. Speaking to journalists in his office, the Hon. Commissioner for …

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