Business

The Nigerian National Petroleum Corporation (NNPC) would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities. Group Managing Director of the corporation, Dr. Maikanti Baru disclosed this shortly after receiving this year’s Man of the Year Award from Nigerian NewsDirect, a Lagos-based daily publication, in Lagos, at the weekend. Dr. Baru said as …

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The World Bank has commenced preparations for the $500m Nigerian Electricity Distribution Improvement Project. It was learnt that the bank had conducted a fact-finding mission in the distribution sub-sector of the industry in order to ascertain how it could help boost service delivery by the power distributors. Documents made available to Punch on Sunday on Nigeria’s Power Sector Recovery Programme …

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The Nigeria Inter-Bank Settlement System NIBSS has disclosed that Points of Sale transactions increased by 54.3 per cent to N1.41tn in 2017 as more retail merchants embraced PoS as a means of transactions. It stated in a report that PoS transactions in 2016 were worth N0.76tn, while in 2015, they were N0.45tn from N0.31tn in 2014. The report read in part, …

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Photo Caption: Governor of Bayelsa State, Hon. Seriake Dickson (3rd right) speaking shortly after receiving the DAAR Communications Plc 2017 Outstanding Leadership in Accountability  Award in Abuja, while from left-right: Sen.Ben Murray Bruce, Amb. Patrick Dele Cole, Hon.Sodaguo Festus-Omoni, Commissioner for Education, Hon. Jonathan Obuebite, Chief Thompson Okorotie, Chairperson, Ogbia Local Government Caretaker Committee, Hon. Naomi Benjamin Ogoli and the Founder, DAAR …

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Union Bank recently tutored over 3000 students from 30 secondary schools across the Country as part of activities to mark this year’s Global Money Week and Financial Literacy Day (FLD) based on the theme ‘Money Matters Matter’. The Chief Executive Officer (CEO) of the Bank, Emeka Emuwa accompanied by the Executive Director, Commercial Banking, Adekunle Sonola led the team to …

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Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday, gave an indication of delaying the bi-monthly Monetary Policy Committee (MPC) meeting till April after the National Assembly and President Muhammadu Buhari-led executive resolved the issue of nominations for its MPC. Emefiele said the meeting scheduled for March 19-20 would be delayed by about seven to 10 days, or at …

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… Says PDP Must Lead Coalition To Sack APC By Amos Okioma Bayelsa State Governor and Chairman of the Peoples’ Democratic Party (PDP) Reconciliation Committee, Henry Seriake Dickson has presented the report of his committee to the party’s National Chairman, Prince Uche Secondus in Abuja. Presenting the report at the party’s national secretariat on Thursday, March 14, Dickson commended the …

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Front-line economists have canvassed for genuine economic growth that would be felt by all and sundry aside from figures coming out as indication that the nation’s economy has fully exited recession. Although the economic experts and analysts have welcomed the 1.92 per cent GDP growth rate recorded by the Nigerian economy in the fourth quarter of 2017 according to the …

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The Nigerian Civil Aviation Authority (NCAA) has advised the public and all aviation stakeholders to disregard the misguided attempt to discredit statistical data emanating from the Authority. “We wish to state that NCAA stands by its statistics. The figures are verifiable and are harmonised by all relevant aviation parastatals, government agencies and handling companies. According to a statement signed by …

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Leading retail banking giant, Diamond Bank Plc, has raised higher the bar in the delivery of unique financial services that suits customers changing lifestyles and needs. In partnership with Women’s World Banking with support from Financial Sector Deepening Africa (FSD Africa) funded by UK aid from the UK government, Diamond Bank worked with Gamsole, Commonwealth (formerly D2D Fund) and Microsoft …

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