The Nigerian Government is committed to putting energy and resources into addressing the humanitarian challenges in the North East of the country and will strongly support any initiative by the international community in that direction. Budget and National Planning Minister, Senator Udoma Udo Udoma indicated this in Abuja when the Ambassadors of Norway and Germany, Mr Jens-Petter Kjemprud and Barnthard …

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The Nigerian economy recorded its worst investment inflow in ten years with the country attracting a total investment of $5.12bn in the 2016 fiscal period. The $5.12bn investment figure when compared to the $9.64bn which the economy attracted in 2015 represents a huge decline of $4.52bn or 46.86 per cent. The decline was confirmed in the capital importation report which …

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The Transmission Company of Nigeria (TCN) says that the nation’s power generation improved slightly to 3,528.90 megawatts on Feb. 1 from 2,662 megawatts on Jan. 22. This figure was disclosed on the website of the Nigerian Electricity System Operator (SO), a sub-agency of the TCN, in its daily forecast on power generation in Lagos on Wednesday. “The slight increase in …

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The harsh economic realities is beginning to take its tolls on the country’s indigenous oil and gas marketing company, as Forte Oil Plc on Tuesday reported a decline in its full year profit after tax for the period ended December 31, 2016. Specifically, the company results showed 50.1 percent drop from N5.794 billion that was reported in 2015 to N2.890 …

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The management of the Nigerian Stock Exchange (NSE) on Tuesday listed MED-VIEW Airline’s 9,750,649,400 ordinary shares of 50kobo each at N1.50kobo per share on the floor of the Stock market, valued at N16.5 billion. This is just as the airline also stated that it is projecting growth despite challenges in 2020 with a revenue growth forecast of N58.5billion, improving on its …

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The Federal Government has secured $1.5 billion from the China Exim Bank to begin work on the Lagos-Ibadan rail line project. Briefing the Senate Committee on Land Transport, chaired by Gbenga Ashafa, Minister of Transport, Rotimi Amaechi explained that the foundation of the Lagos-Ibadan Segment Two of the Lagos- Kano rail project would be laid before March 31. He explained that …

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After several weeks of intensive campaign, the Federal Road Safety Corps (FRSC) on Wednesday commenced full enforcement of installation of speed limiting device in commercial vehicles nationwide. The Head, Media Relations and Strategy, FRSC, Bisi Kazeem, explained yesterday in Abuja that sector and field commands of the agency had been fully mobilised for the exercise. He said the army, police, …

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REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal, in conjunction with The Naked Convos has premiered a new web-series titled, ‘Our Best Friend’s wedding’.  REDTV is supported by the United Bank for Africa’s (UBA Plc). The impressive gathering which held this past weekend, attracted a good number of A-list dignitaries and business leaders, from different industries across Nigeria  including: …

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From left – President, Nigeria – Ghana Business Council, Prince Bambo Ademiluyi; President, Lagos Chamber of Commerce and Industry, (LCCI), Chief Dr Mrs Nike Akande, CON and the Ghanaian High Commisioner to Nigeria,Mr William Azumah Awinador-Kanyirige during a courtesy visit of the Ghanaian High Commissioner to LCCI on monday. Advertisement

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The emergence of Indorama Eleme Petrochemicals Limited (IEPL), Port Harcourt through the nation’s privatisation programme in 2006 and the commissioning of its world-class fertilizer plant in 2016 have fuelled tremendous socio-economic activities in Nigeria, especially in the industrial and agricultural sectors. Indorama’s fertilizer plant in Port Harcourt with capacity for 1.5 million metric tons of granular Urea is the world’s …

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