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In continuation of the Executive/Legislative engagement on critical plans and activities of government, the Minister of Budget and National Planning, Senator Udoma Udo Udoma on Wednesday evening briefed a joint session of the National Assembly leadership on the Economic recovery focus labs which kicks off in Abuja, next month. The Minister explained that the focus labs are aimed at driving the …

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By: Amos Okioma The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Maikanti Baru has called for sustained encouragement owing to the remarkable pace of work at the Azikel Refinery site, even as it lauded the President of Azikel Group, Dr Azibapu Eruani for having achieved 65% completion on the phase I, II and III stages. This, the …

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More laurel came the way of Nigeria’s fully integrated telecommunications network, Globacom on Monday night as the company was given an award of recognition for its silent contributions to road safety in the country over the years.   The award of recognition was formally presented to Globacom at a high profile dinner marking the climax of the activities put together …

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The Managing Director, Ecobank Nigeria, Charles Kie has reaffirmed that the transformation agenda of the bank to be one of top three banks  in Nigeria within the next few years is on course. He reiterated that Ecobank is investing in human capital to remain profitable and competitive. Also the bank is also enhancing its  capital, technology, driving innovation and building …

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Heritage Bank Plc, one of Nigeria’s Most Innovative Banking Services Provider has partnered Next Generation to educate and empower not fewer than 300 primary and secondary school pupils, in a bid to make them emotionally intelligent to take financial decisions in the future. Ajiri Efeturi, Team Lead, Customer Insight and Business Support of the bank disclosed this at a seminar organised …

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Japaul Oil and Maritime services Plc has said that the company has entered into a binding commitment with Milost Global Inc., an American Private Equity firm with Head Office in New York City, USA. According to a notice to the Nigerian Stock Exchange (NSE) on Tuesday, the company said it wishes to notify its shareholders and other stakeholders that it …

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As part of efforts to improve the operational efficiency of the Anchor Borrower’s Programme (ABP), the Central Bank of Nigeria (CBN) has introduced technology to guide input distribution of farmers under it Anchor Borrowers Programme. The pilot phase, flagged off at the Federal Capital Territory (FCT), last week, was meant to build a national data base for small holder farmers, …

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The Nigerian Export Import (NEXIM) Bank, in collaborating with the Central Bank of Nigeria (CBN), plans to bail out stagnant industries in Kano, with the disbursement of N500 billion Export Development Fund. The aim is to inject various export development funds, ranging from N10 billion and above to the stagnated industries to enable them resume operations at optimum capacity. NEXIM …

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Hon. Justice Saliu Saidu of the Federal High Court Lagos Division has granted an injunction against Osigwe Foods and Agro Industrial Company Limited, owned by Chief Anselm Kayode Mohammed on the application of Asset Management Corporation of Nigeria (AMCON). The obligor owes AMCON nearly N5billion. AMCON purchased the huge debt during the first, second and third phases of purchase of …

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United Bank for Africa Plc says it has issued over three million Near Field Communication technology-enabled contactless cards to its teeming customers. “UBA has revolutionised the payments landscape in Nigeria in 2015, with the introduction of contactless payment cards which enable customers pay with ease by leveraging the NFC technology,” it said in a statement on Monday. The NFC technology …

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