The National Bureau of Statistics on Monday released the Gross Domestic Product growth rate for the country with the economy recording a 1.4 percent increase in growth rate in the third quarter of this year. This is the second consecutive positive growth since the emergence of the economy from recession in the second quarter  2017. The NBS in the report …

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Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the final phase of an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day. The agreement, signed in London, is also expected to achieve an incremental peak production of about 283mmscfd of gas, NNPC Group Managing Director, Dr Maikanti Baru, made the disclosure in …

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Governor Willie Obiano of Anambra says his victory in the governorship election does not belong to him or All Progressives Grand Alliance (APGA) but to all the people of Anambra Obiano, in his acceptance speech titled, ‘Time to Build a New World”, in Aguleri, Anambra East Local Government on Sunday, declared that “this sweet victory belongs to Ndi Anambra”. “It belongs to …

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Tayo Olanipekun Nissan will become the first Japanese automotive brand to compete in the all-electric FIA Formula E racing championship starting in 2018,the automaker has said. The move to participate in the growing Formula E series gives Nissan a highly visible global platform from which to spread the message of Nissan Intelligent Mobility – the company’s three-pillar strategy to redefine …

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Second Republic vice president, Dr. Alex Ekwueme, is dead. The elder statesman’s death was disclosed in a statement issued by the Ekwueme family of Oko, in Anambra State. The statement was reportedly released in the early hours of Monday. The statement, signed by the former vice president’s brother, and the traditional ruler of Oko in Anambra State, Igwe Laz Ekwueme, explained …

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The Lagos State Internal Revenue Service (LIRS), has shut 13 hotels and  five other organizations  comprising estaurants and event centres for failure to pay  taxes due under the Hotel Occupancy and Restaurant Consumption Laws of Lagos State 2009. The hotels and restaurants were said to be owing the state a sum of N426,976,528.87 Speaking on the state-wide tax enforcement exercise, …

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Folake Sokoya The Kwara State Government has called on all citizens and residents of the state to remain calm and law abiding. In a statement by the secretary to the state government, Alhaji Isiaka Gold, the state government commended the peaceful conduct of Saturday’s local government elections in the state and urged all law abiding citizens to calmly await the …

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Folake Sokoya Operatives of the Lagos Rapid Response Squad of the Lagos State Police Command have arrested a man who specializes in recharging call credit from other people’s bank account. The suspect, Ebenezer Oyeneye, a 50-year-old truck driver who resides at 4, Moyinoluwa Avenue, Ijoko Lemode, Ogun State was arrested by the Decoy team of RRS. It was reported at …

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Ecobank Nigeria has announced a one (1%) percent fee on all Rapid Transfer payments via the Ecobank Mobile app from now through December 31, 2017. This promotion is designed to support citizens who have need to send money to love ones across Africa during this festive season. Announcing this end of year promo in Lagos, Head of Remittance, Ecobank Nigeria, …

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After consultations with major stakeholders, the Nigerian Ports Authority (NPA) on Friday unveiled measures “critical to the effective management of the traffic situation around the Apapa Area of Lagos State.  According to NPA, with effect from November 23, 2017, all shipping companies MUST house their empty trucks at their holding bays outside of the port location pending the time for …

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