Business

The chairman of Caverton Offshore Support Group Plc Mr Aderemi Makanjuola said the company’s major project which is the Maintenance Repair and Overhaul (MRO) project which is still under construction will be completed in the last quarter of 2018 and fully operational in 2019. Makanjuola, while addressing shareholders at the company 9th Annual General Meeting (AGM) in Lagos, explained that the …

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Former President Olusegun Obasanjo says the ruling All Progressives Congress is taking Nigerians for fools while “revelling in an unrepentant misgoverning of Nigeria.” This is coming as the promoter of the Coalition for Nigeria Movement also disclosed that the movement had adopted the African Democratic Congress as a political platform to actualise its dream for a new Nigeria. Obasanjo said …

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Instagram is down for users across the globe. Users are reporting that the social media service’s app and website are not loading pictures or the news feed. More than 1,200 disgruntled users have logged issues with the website Downdetector, which tracks website and app outages. Areas hit hardest include eastern parts of the United States, mainland Europe and southeastern regions …

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Nigeria’s oil production, including condensates, increased to 2.07 million barrels per day (bpd) last month from 2.02 million bpd in March. It rose by 11 per cent from the level it was in April 2017 acordingto Platts report, citing estimates from the Ministry of Petroleum Resources. Since militant violence in the Niger Delta abated in the second half of last …

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Nigeria’s foremost entrepreneur, Aliko Dangote has been ranked among 75 most powerful persons on the planet, ahead of the Vice President of the United States of America, Mike Pence. According to the Forbe’s latest 2018 ranking of the World Powerful people, Dangote ranked among world leaders like Xi Jinping, the Chinese President, Vladimir Putin the Russian President and Donald Trump, …

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Photo Caption: From Left; Akintoye Akindele, Partner, Synergy Capital Managers; Tinuade Awe, Executive Director, Regulation, The Nigerian Stock Exchange (NSE); Scott Wilson, Chief Investment Officer (CIO), Washington University Management Co. Limited, Missouri, USA; Wale Adeosun, Founding & Managing Partner, Kuramo Capital Management Co. Limited, USA; Christine Kapkusum Ndiwa, Investment Executive IFC; Ayo Arogbo, Partner, Synergy Capital Managers and Tony Ibeziako, …

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The Minister of Finance, Mrs. Kemi Adeosun, disclosed on Thursday that the Federal Government would mobilise more revenues to drive its growth plan for the economy. The Minister made this known in Abuja at a meeting with a World Bank Mission of 10 Executive Directors led by Mr. Patrizio Pagano. She stated that the Government would accelerate Nigeria’s growth level …

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Union Bank Plc on Thursday announced its financial statement for the year ended 31st December 2017 to the investing public, even as the bank’s performance notwithstanding the contraption in the domestic economy, showed a 26 per cent rise in the group gross earnings to N163.8 billion. It will be recall that following an oversubscribed rights issue that raised approximately N50 billion …

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The International Organisation of Securities Commissions, IOSCO has restated its commitment to maintain  investor confidence in all its jurisdictions by ensuring that investors are protected in its regulations. This was stated by the Chairman IOSCO board, Mr. Ashley Alder in his remarks at the official Opening ceremony of the 43rd Annual Conference in Budapest, Hungary, Thursday, May 10, 2018. Alder …

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By Folake Sokoya  Former Vice President, Atiku Abubakar, has insisted that for the country to take its pride of place in the committee of nations, governance in the country must be restructured along the lines of devolution of powers, the opening up of the economy for private sector participation, the encouragement of commercial agriculture, more inclusiveness of the youth and …

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