Business

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stressed the importance of human factors to successful shipping, stating that it is one of the most important elements in achieving competitive edge and safety in the maritime industry. Dr. Dakuku made this known on Monday while addressing participants at the Business AFRICA meeting at the ongoing …

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Olabode Adaramola Against the backdrops of the discovery of Hydrocarbon in Bida Basin, Niger State Government has  said it has engaged a Consultant to carry-out preliminary works to determine the availability of Crude Oil in the area. The state Commissioner for Mineral Resources, Hajiya Rahamatu Mohammed Yar’adua disclosed this in Minna, the state capital on Sunday in a statement titled, …

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BudgIT Nigeria, a civic tech organisation, working on fiscal transparency demands the Lagos State Government respond to its numerous letters supported by the Freedom of Information Act. It will be recall that following the judgement on the Ondo State Appeal Court by Hon. Justice Ridwan Maiwada Abdullahi, JCA which compels state governments to respect the Freedom of Information Act 2011, …

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IBETO Cement Company Limited has acquired 70 per cent stake in a United States (U.S.) publicly traded petroleum exploration and production company. Ibeto in a statement explained that the development has resulted in the reverse of merger of the cement manufacturer’s assets with the U.S. firm’s. Ibeto described the transactions as “historic reverse merger” which had paved the way for …

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Photo Caption: From Left; The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola; Minister of Federal Capital Territory, Alhaji Muhammad Musa Bello; Minister of Finance, Mrs. Kemi Adeosun; President of China Export Import Bank, Liu Liange; Nigerian Ambassador to China, Ahmed Baba Jidda and Minister of State for Aviation, Abubakar Hadi Sirika, in a group photograph after a meeting …

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In another rare gesture from a private sector operator to help government in the rehabilitation of Internally Displaced Persons (IDPs) in parts of the insurgency ravaged areas in the North East, the Aliko Dangote Foundation has concluded preparation to commission a multi-billion naira housing estate The commissioning of the 200 housing units for IDPs in Borno which has been slated for later …

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The Securities and Exchange Commission (SEC) has advocated some measure of fiscal incentives for listed companies on the Nigeria Stock Exchange (NSE) in order to mitigate their cost burden and encourage more entities to list shares on the bourse. Apart from reduction of costs, the measure, according to the SEC, will translate to huge investment benefits to shareholders and also …

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Barring any changes, the Bureau of Public Enterprises (BPE) has concluded plan to list three companies on the floor of Nigerian Stock Exchange (NSE), this year and first quarter of 2019. Alex Okoh, director general of the bureau disclosed this on Friday June 1, 2018 to participants at the Nigerian Stock Exchange and London Stock Exchange dual listing conference in …

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Ecobank has entered into a strategic partnership with the Kwara State Government and South Gate Technologies on land administration. This entails the computerization of the end to end processes of all land related matters in Kwara State as opposed to the manually driven mechanism which allows for revenue leakages. Ecobank and its technical partner, South Gate Technologies, will develop and …

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Conoil Plc, one of the nation’s foremost indigenous petroleum marketer has proposed N1.4billion as dividend payout to its shareholders for its last financial year in the face of daunting economic challenges in the country. This translates to N2.00 on every 50 kobo ordinary share. It is in line with the Company’s consistent dividend policy, over the years, to its shareholders. …

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