Business

From Amos Okioma The Federal Government must redouble its effort to ensure the national integration of Nigerians, in order to curb some of the challenges faced by the country, the Bayelsa State Commissioner for Information and Orientation, Daniel Iworiso-Markson has said. ‎He spoke in Yenagoa, while delivering a keynote address at the 8thExecutive Committee of the Supreme Council for Non-Indigenes in …

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…Urges Presidential Aspirants to Close Ranks, Work For The Interest of PDP  From Amos Okioma Bayelsa State Governor, Honourable Seriake Dickson on Thursdayappealed to Nigerians to rally round the Peoples Democratic Party, PDP to rescue the country from its litany of woes. Governor Dickson made the appeal, when he played host to PDP presidential aspirant and former Governor of Jigawa State, …

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Oando PLC, Nigeria’s leading indigenous energy group listed on both The Nigerian and Johannesburg Stock Exchange, on Thursday announced its unaudited results for the six months period ended June 30, 2018. An x-ray of the company’s financials showed that Profit-After-Tax increased by 86% to N8.5 billion in the period under review, compared to N4.6 billion in 2017, Turnover increased by …

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As Facebook stock plunged over 20 per cent in after-hours trading on Wednesday following a disappointing earnings report, CEO Mark Zuckerberg lost $17.6bn in net worth. The 34-year-old Facebook billionaire, who had been worth as much as $86.5bn when Facebook stock traded at an all-time high earlier in the day, now has a net worth of about $68.9bn, based on …

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The Federal Government raised N66.9 billion at its bond auction yesterday, as part of moves to finance the 2018 budget. The Debt Management Office (DMO) said on its website that the bonds were auctioned in three tenors of five, seven and 10 years. This, it said, was to give its diverse investor base an opportunity to choose their preferred tenors. …

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Shareholders of Capital Oil Plc on Thursday July 26, 2018 approved the sale of N6 billion unalloted / treasury ordinary shares of the company to Pinnacle Oil and Gas Limited at the rate of 10 kobo which amounts to N600,000,000 (Six Hundred Million Naira). This was one of the key highlight of the Extra Ordinary Meeting (EGM) that was held …

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Insurance companies willing to play at the highest level in the country yesterday got an order from the regulator to recapitalise to the tune of N15 billion. The National Insurance Commission (NAICOM) which announced the new plan yesterday, also said the firms in the sector will from January be classified into three tiers, based on their ability to capitalise and …

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Google Nigeria plans to reach more than 10 million Nigerians with free Internet access in five cities in Nigeria. According to the company, the Wi-Fi will be available in 200 Google Stations across five cities in the country which includes Lagos, Kaduna, Port Harcourt, Ibadan and Abuja by 2019. This was made known on Thursday at the second Google for …

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The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that partnership is a crucial element to the effective utilization of Africa’s maritime resources, just as a committee of Stakeholders has been set up to map out strategies to develop the Nigeria’s Blue Economy. The NIMASA DG who said this today during this …

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Shareholders of Presco Plc, on Wednesday, approved payment of 200kobo dividend, amounting to N2Billion for the year ended December 31, 2017. Endorsing the dividend payment during the 25th Annual General Meeting (AGM) held at the company’s premises along Benin-Sapele road, Edo State, the shareholders also commended the Board, Management and Staff for remaining on the path of profitability despite challenges. Addressing …

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