Metro

A new report by EY Africa says Nigeria has improved on attracting foreign direct investments. The Africa Attractiveness report, which was released on Monday and titled Turning Tides, said Nigeria got 25% more FDI projects in 2017 compared to 2016. “In line with its recovery from recession in 2017, Nigeria garnered 25% more FDI projects. According to the World Bank, …

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Pirates have seized 11 crew members from the container ship Pomerenia Sky off the coast of Nigeria. The Liberia-flagged vessel was headed for the Nigerian port of Onne on Saturday morning when the attack occurred, reports ship manager Midocean (IOM). Those abducted include eight from Poland, two Filipinos and a Ukrainian. Nine crew members remain on board the vessel and are reportedly …

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The Managing Director Nigerian Port Authority (NPA), Hadiza Bala Usman has reiterated the commitment of the Authority to achieve ISO 9001 & OHSAS 18001 certification and compliant especially in its Harbours Services. She has therefore issued a 90 (Ninety) day marching orders to the relevant Divisions and Departments in the Authority to accomplish all the identified critical requirements needed to …

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The Nigerian National Petroleum Corporation and its subsidiary, Nigerian Petroleum Development Company, and other companies in the oil and gas sector have yet to remit a total revenue of $22.06bn and N481.75bn to the Federation Account. Latest report on the summary of unremitted revenue, losses and unreconciled differences from operations and transactions in the oil and gas sector released in …

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The Lagos State Building Control Agency has given a seven-day ultimatum to owners of distressed buildings across the state to demolish them or bear the risk and cost of their demolition by the agency. The LASBCA General Manager, Mr Olalekan Shodeinde, gave the ultimatum on Monday in an interview with the News Agency of Nigeria in Lagos. Shodeinde said that …

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“Buhari does not need an Alfa or prophet to deceive him that he would win the election, for as God lives, he would lose…” As the political parties prepare for the 2019 elections, the Presiding Bishop, Divine Seed of God Chapel Ministries, Ibadan, Prophet Wale Olagunju, who had prophesied the emergence of Alhaji Atiku Abubakar as the PDP presidential candidate, …

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Former Vice president Atiku Abubakar and presidential candidate of the People’s Democratic Party (PDP) has warned Vice President Yemi Osinbajo against attempts to distort history for political expediency. Atiku said this in reaction to Osinbajo’s comments on restructuring. Osinbajo had fired the first salvo on Saturday, at the University of Ibadan, where he spoke at the ninth public lecture of Sigma …

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Heritage Bank Plc affirmed that it will continue to partner River State Government in an effort to make art and culture a unifying factor and major earner to the contribution of Gross Domestic Product of the country. MD/CEO of Heritage Bank, Ifie Sekibo made the pledge during the 2018 National Festival of Arts and Culture (NAFEST) at Sharks Stadium, Port …

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To tackle the traffic gridlock on roads across the state, Lagos State Police Command has launched a joint operation with other sister agencies. Tagged Operation Restore Sanity On Lagos Roads/Operation Velvet, the police said it would henceforth impound cars of defaulting drivers during the operations. Such violators will also be arraigned immediately in a Mobile Court attached to the joint …

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…Slashing The Cost For Nigerians In The Diaspora To Send Funds Home Ecobank follows tradition of leadership in digital banking  in Africa has  introducd a dedicated mobile remittance app Rapidtransfer. The Rapidtransfer app was unveiled by the Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan at a commemorative dinner to thank and celebrate outgoing members of the Ecobank Nigeria Board and …

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