News

Ask the average 20-something-year-old school leaver and s/he thinks they still have a few years more to frolic around or save money for the dream wedding. For those who may not know, however, scientists have discovered the best age for anyone to get married! In fact, they warn that if, by that magic age you still happen to be single, …

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The Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with relevant international agencies to ensure that the growth of Mergers and Acquisitions in the country is sustained. Director General of SEC, Mounir Gwarzo stated this when he received a delegation of experts in Mergers and Acquisitions  from the United States of America and South Africa led by …

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The Minister of State, Petroleum Resources, Dr Emmanuel Kachikwu, has said that the Federal Government will attract more than 10 billion dollars investments to the oil and gas industry in the next five years. Kachikwu said this on Tuesday in Abuja at the ongoing Nigerian Oil and Gas (NOG) Conference tagged: “ Reforming and Repositioning the Oil and Gas Industry …

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The Dangote Tomato Processing Company, Kadawa, Kano state has concluded arrangement to purchase fresh tomatoes from farmers in Gombe and Sokoto States. The company had already signed an agreement with Tomato Growers Association for the procurement of the commodity from the two states. The Managing Director of the company, Alhaji Abdulkarim Kaita, said on Tuesday that the company found it …

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Oil production has risen to 2.1 million barrels a day, the managing director of state oil firm NNPC said on Tuesday, without giving an explanation for the increase. “We are hoping that by the end of 2017 we should ramp up production to above 2.2 million barrels (per day),” Maikanti Baru told an oil conference in Abuja. According to Reuters, …

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Zenith Bank Plc said on Tuesday it would seek shareholder approval next month to raise 100 billion naira ($318 million) via a combination of share or bond sale and global depository receipts. The lender also said it would seek approval to increase its share capital to 40 billion naira from 20 billion naira at the shareholders’ meeting on March 22. …

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UNICEF said women and unaccompanied child migrants rely on people smugglers to get to Europe, often under a “pay as you go system”, leaving them vulnerable to exploitation, trafficking and violence, including prostitution and rape. Smugglers typically demand thousands of dollars from migrants for a risky journey across the desert before cramming them onto ill-equipped boats for a perilous crossing …

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South Africa’s Nedbank booked a $293 million writedown on the value of its west African associate Ecobank on Tuesday, and reported its slowest growth in annual profit since 2009. Ecobank’s operations in central and west Africa have been exposed to economies pressured by the sharp slide in commodity prices and unfavourable currency swings. The writedown reduces Ecobank’s carrying value to …

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The National Bureau of Statistics on Tuesday released the Gross Domestic Product growth rate for the country with the economy recording a contraction of -1.3 per cent in growth rate in the fourth quarter of 2016. The NBS in the report explained that in real terms, the economy recorded a decline of N240.8bn from N18.53trn in the fourth of 2015 …

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