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Diamond Bank Plc suspended fro

Diamond Bank Plc shares have been placed on full suspension by the Nigerian Stock Exchange (NSE), with effect from today, March 20th, 2019.   According t

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Posted On: 20 Mar 2019

NNPC to extend gas pipeline to

The Nigerian National Petroleum Corporation is considering extending the ongoing Ajaokuta-Kaduna-Kano gas pipeline system across the Sahara to Algeria in North

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Posted On: 20 Mar 2019

Nigerian Customs generates N60

The Apapa Area Command of the Nigeria Customs Service (NCS) said it has generated N60 billion and intercepted 24 containers of tomato paste and vegetable oil wo

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Posted On: 19 Mar 2019

Apapa Customs gets new Control

The Comptroller General of Customs, Hameed Ali, has approved the appointment of Comptroller Abba Kura as the new Controller of the Apapa area command.  

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Posted On: 19 Mar 2019

30 cargoes unsold as Nigeria

With India signing an agreement to import 0.6 million barrels of oil from the United States, Nigeria’s crude exports could further be threatened if new ma

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Posted On: 17 Mar 2019

Nigerian to Drive American Fir

American chemical company, Dow Chemical (Dow), has indicated its intention to expand its operations in the West African region through Nigeria, with the appoint

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Posted On: 16 Mar 2019

Nigeria records $2.8m balance

Nigeria’s provisional balance of payment, which was in deficit in the third quarter of 2018, recorded a surplus of $2.8m in the last quarter of 2018. &nb

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Posted On: 13 Mar 2019

US cuts imports of Nigerian cr

The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Inf

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Posted On: 11 Mar 2019

Crude Oil: Nigeria produced ab

Nigeria, Africa’s top oil producer, pumped more crude oil in February than the quota given by the Organisation of Petroleum Exporting Countries, a new sur

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Posted On: 08 Mar 2019

CBN bans textile importers fro

The Central Bank of Nigeria (CBN) has barred commercial banks and Bureaux De Change (BDC) operators in the country from selling of foreign exchange for the impo

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Posted On: 07 Mar 2019

NNPC promises ‘severe penalt

The Nigerian National Petroleum Corporation (NNPC) has said severe penalty awaits anyone who defaults in the procurement process in project execution in the cor

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Posted On: 07 Mar 2019

South Carolina lottery winner

The anonymous sole winner of a $1.5 billion U.S. Mega Millions drawing last fall has come forward to claim the jackpot, choosing to collect a record one-time ca

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Posted On: 05 Mar 2019

Foreign airlines divert traffi

Foreign carriers have expressed readiness to divert some flight operations to new terminals at Port Harcourt International Airport (PHIA), Omegwa, Rivers State,

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Posted On: 05 Mar 2019

ABCON sets N250/$ exchange rat

The Association of Bureaux de Change Operators of Nigeria (ABCON) has set N250 to dollar exchange rate agenda for President Muhammadu Buhari in his second term

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Posted On: 04 Mar 2019

Billionaires’ list: Dangote

The President, Dangote Group, Aliko Dangote, gained $5.8bn within 24 hours as his total net worth rose to $16.6bn on Tuesday.   Bloomberg Billionaires In

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Posted On: 28 Feb 2019

UAE to host Libyan meeting to

The United Arab Emirates is bringing together players in Libya’s conflict and the state oil firm to try to reopen the El Sharara oilfield, the North Afric

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Posted On: 26 Feb 2019

No reduction on petrol price,

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied a planned reduction in the Petrol pump price to N140 per litre.   The plan

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Posted On: 21 Feb 2019

India to cut back on OPEC crud

In an attempt to cut its dependence on Organisation of Oil Exporting Countries (OPEC) crude, Indian Oil Corp, the country’s top refiner, has signed its fi

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Posted On: 20 Feb 2019

Germany, with bumper current a

Germany recorded the world’s largest current account surplus for the third year running in 2018 due to strong exports that are vexing U.S. President Donal

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Posted On: 19 Feb 2019

Qatar targets $20b sports ind

Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official sai

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Posted On: 18 Feb 2019

Ghana’s 'Alomo Bitters’'

Alomo Bitters, a herbal alcoholic drink produced by Kasapreko Ltd., a Ghanaian-owned company based in Ghana, sold 13.9 million bottles in the Nigerian market in

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Posted On: 15 Feb 2019

Abuja chamber calls for urgen

Abuja Chamber of Commerce and Industry (ACCI), has called for urgent tax reforms to safe Small and Medium Enterprises (SMEs) from demands for tax even before th

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Posted On: 14 Feb 2019

Nigeria’s GDP grows in Q4 20

Nigeria’s Gross Domestic Product grew by 2.38% in the last quarter of 2018 from 1.81% in the third quarter of 2018, the country’s statistics office

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Posted On: 12 Feb 2019

Venezuela shifts oil ventures'

Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia&r

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Posted On: 10 Feb 2019

EFCC detains ex Skye Bank chai

A former Chairman of the liquidated Skye Bank, Mr. Tunde Ayeni, is back in the custody of the Economic and Financial Crimes Commission (EFCC) for allegedly dive

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Posted On: 10 Feb 2019

Dangote, ICRC adviced FG to Ha

Infrastructure Concession Regulatory Commission, ICRC, and Dangote Group, yesterday, advised the Federal Government to hands off the running of the country&rsqu

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Posted On: 31 Jan 2019