Metro

The boards of Seplat Petroleum Development Company Plc and Eland Oil and Gas Plc on Tuesday October 15, 2019, announced to the market that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Eland.

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Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value.

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The Abuja electricity distribution company (Disco) which distributes electricity to the Federal Capital Territory (FCT), Kogi, Nasarawa and parts of Niger states has reported that up to 240,000 people are illegally connected to its network, and consuming electricity unlawfully.

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The Standards Organisation of Nigeria (SON) and stakeholders in the food industry have collaborated to develop new standards that would improve the production processes of plastics in the country and save the nation huge amounts of forex that would have gone into importation of these products.

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Operatives of the Lagos State Environmental Sanitation and Special Offences Agency on Tuesday impounded 134 commercial motorcycles for allegedly flouting traffic regulations in different areas of the state.

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The National Identity Management Commission, says the renewal of the National Identity Card will cost five thousand naira (N5,000) payable through remita.

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Transcorp Hotels have been presented a certificate of discharge by the National Council on Privatisation after fulfilling all the conditions attached to the sale of the hotel.

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Zainab Ahmed, minister of finance, budget and national planning, says under-recovery, also known as subsidy, on petrol will be N450 billion in 2020.

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The consumer price index, that measures the rate at which the prices of goods and services in increase, stood at 11.24% in September.

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The President of the Senate, Ahmad Lawan on Monday justified the current move by the Senate to amend the law on Production Sharing Contract in the oil industry. Lawan said “it has become absolutely necessary for us to do so as a country so that we can generate more revenues from our endowments.”

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