The Federal Government has allotted N400.5 million in its July 2019 and 2020 savings bond sales, the Debt Management Office (DMO) has said. The allotment results were obtained from the DMO’s website yesterday. About N160.7 million was allotted at 13.38 per cent, with 342 successful subscriptions to mature in July 2019. DMO noted that N239.8 million was allotted at 14.38 …

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Integrated Energy Trader, Oando Nigeria PLC is under a comprehensive investigation by the Securities and Exchange Commission (SEC), Channels Television has said. According to the TV station, it claimed that the Securities Commission conducted several weeks of investigations, upon which the Board and Management of Oando Nigeria have been written a formal letter to explain matters relating to observed malpractices …

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The Nigerian Content Development and Monitoring Board (NCDMB) has announced fresh plans to increase the Nigerian Content Intervention Fund (NCIF) to $200 million from the the initial $100 million. Executive Secretary of NCDMB, Simbi Wabote, stated this during a visit to the new Managing Director of the Bank of Industry (BoI), Mr. Olukayode Pitan, in Lagos. Wabote explained that the increase …

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The Federal Government has ordered for immediate abolition of the dichotomy between holders of University degrees and Higher National Diploma (HND) in all the Services under the Ministry of Interior. Rising from a meeting held on Tuesday, under the chairmanship of the Minister of Interior, Lt Gen. Abdulrahman Bello Dambazau (retrd), Civil Defence, Fire, Immigration and Prisons Board (CDFIPB) was directed …

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The Nigerian Stock Exchange (NSE) has emerged top, as it closed the world’s best performer in June. An analysis of 16 selected stock markets across America, Europe, Africa and Asia by researchers from FSDH Merchant Bank put the NSE All-Share Index (ASI) firmly at the top of the chart with a month-on-month (MoM) increase of 12.27 per cent. The NSE …

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The Poultry Association of Nigeria has expressed concerns over the 27 per cent interest rate available for lending to the agricultural sector, noting that it is not viable for the poultry industry. The President of the association, Mr. Ayoola Oduntan, stated this during the 2017 Poultry Summit in Lagos. He explained that the industry already being plagued by the high …

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The Nigerian Breweries Plc has introduced its first zobo-flavoured alcoholic drink, Ace Desire, to the Nigerian market. The Marketing Director, Nigerian Breweries Plc, Mr. Franco Maria Maggi, described the new product as a sophisticated blend of spirit, natural Hibiscus or zobo extracts. He spoke at the launch of the product in Lagos, saying, “This rich combination of a balanced mix …

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The Baale of Shangisha,Lagos State, Chief Yusus Ogundare has been suspended. The state governor, Mr Akinwunmi Ambode on Thursday approved the immediate suspension of Ogundare. Ogundare is the Baale of Shangisha in Magodo, who had faked his own kidnap on the 5th of July which allegedly took place around Center for Management Development (CMD) Road in Ikosi-Isheri Local Council Development …

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Journalism students ages 18 to 26 can apply to report from the Forest Stewardship Council General Assembly Oct. 9 to 13 in Vancouver, Canada. The Forest Stewardship Council (FSC) Youth Correspondent 2017 will select two youth correspondents who can engage their peers by covering the FSC General Assembly with originality, accuracy and inspiring reporting. The conference will gather delegates from …

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 The award winning Transcorp Hilton Abuja hotel in Nigeria is celebrating its 30th anniversary this year, having officially opened its door to its first guest on the 21st of April, 1987. The iconic hotel, which has through the years, hosted Royalty, Presidents, Global leaders, celebrities and other dignitaries, gathered friends, partners, clients, its board members and staff to commemorate its legacy and rich …

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