Politics

The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA).   According to NLNG, the sum represents the payments made under protest to the Agency by NLNG since 2013, as well as direct and shipping losses incurred by NLNG due to the …

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Former Nigerian President, Chief Olusegun Obasanjo, GCFR, at the weekend presented Asset Management Corporation of Nigeria (AMCON) with the Special Recognition and Commendation Award for Excellence in Banking, at the BusinessDay Banking Awards 2017, which held in Lagos. The management of Businessday newspapers, led by the Publisher, Mr. Frank Aigbogun said that agencies, regulators, microfinance banks, deposit money banks, investment …

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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos. The Forum hosted more than 1,300 participants from 54 African countries. The most diverse and inclusive gathering of African entrepreneurs on the continent, the Forum continued its strong tradition of showcasing innovation across sectors, including Agriculture, Technology, Healthcare, Fashion …

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For Africa to attain its desired goal in real growth and development, prominent African leaders and top entrepreneurs across the continent have decided to work together towards integrating their economies to enable free trade among its members. Specifically,Vice-President of Nigeria, Professor Yemi Osibajo,  Former President of Nigeria, Olusegun Obasanjo, former President of South Africa, Thabo Mbeki, and president of the Dangote group, who are co-chair …

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In the race to 1983 presidential election, Chief Obafemi Awolowo of UPN and Dr. Nnamdi Azikiwe of NPP made frantic efforts to present a consensus candidate through an alliance that crumbled at the eleventh hour. It was indeed the best time for Chief Awolowo to ascend the leadership of Nigeria and replicate at the federal level the master piece of …

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The Federal Government is working on modalities for setting up focused labs in some critical areas of the Economic Recovery and Growth Plan (ERGP) to further consolidate the gains of the economic diversification programme. Budget and National Planning Minister, Senator Udoma Udo Udoma while briefing members of the Senate Committee on National Planning on the state of the economy said …

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…Ekiti confirms disease, Osun sets up quarantine centres, fears in Enugu, Cross River, Lagos, Rivers Palpable fear and tension have gripped Nigerians following the reported spread of Monkey Pox virus. With claim that no fewer than 31 cases have been reported since the virus first manifested in an 11-year-old boy in Bayelsa last month, panic has gripped Nigerians, as  reports has …

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The Chairman, United Bank for Africa Plc and Transnational Corporation Plc, Mr. Tony Elumelu has decried the debilitating effect of power sector failure on the nation’s economy due to incompetency of private electricity distribution companies. He suggested that the Federal Government should take another look at the sector by wresting ownership from incompetent private operators and sell the firms to …

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Heritage Bank Plc in partnership with organisers of the Next Titan Nigeria, Bravopoints International Limited have unveiled 16 finalists with brightest business ideas that will compete for the grand prize of the competition. The Next Titan is Nigeria’s entrepreneurial reality TV show where thousands of ambitious young entrepreneurs across the country compete with one another for a grand prize of N5 million and a …

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President Muhammadu Buhari has written to the Senate, seeking approval for $5.5bn external borrowings. The request was contained in a letter to both chambers of the National Assembly, which was read by the Senate President, Bukola Saraki, at the plenary on Tuesday. The letter read in part, “Accordingly, the Senate is requested to kindly approve the following external borrowings: Issuance …

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