FG revokes 4 Addax Petroleum’s Operating Mining Leases
THE Federal government has revoked four Oil Mining Leases, OMLs belonging to Addax Petroleum Nigeria Limited citing inability to comply with work programme targets
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Business
NAIC pays N848m claims to farmers
The Nigerian Agricultural Insurance Corporation has said it paid N848m as insurance claims to its insured farmers in 2020. It said this in
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[BREAKING] USSD war: Banks unblock MTN, reconnect telco to banking channels
After 48 hours of disconnecting MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps, commercial banks on Sunday
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How we saved N750m monthly for FG – PTAD
The Pension Transitional Arrangement Directorate (PTAD) has said that in October, last year, it removed no fewer than 20,089 unverified pensioners from its
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Breaking: NNPC to maintain ex-depot price despite N120bn monthly subsidy
The Nigerian National Petroleum Corporation (NNPC) on Friday said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the
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Buhari: Nigeria to deliver $1.3b fertilizer plant soon
A new basic chemicals platform worth $1.3 billion that will produce ammonia and fertilizers in Nigeria will be ready for commissioning in the
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NPA hands over shipyard to NIMASA for floating dock
The Nigerian Ports Authority, NPA, is set to relinquish its shipyard to the Nigerian Maritime Administration Safety Agency, NIMASA, for hosting of the
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Petroleum marketers threaten shutdown in Anambra over debt by State Govt.
The Independent Petroleum Marketers Association (IPMAN), Enugu Depot Community, has threatened to shut down over Anambra State Government’s “intentional renege” on its promise to one
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Only 47 money transfer operators are licensed says CBN. Releases list.
The Central Bank of Nigeria has released the list of 47 International Money Transfer Operators that are licensed to operate in the country.
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IFC invests E20m in Nigeria, other emerging economies
International Finance Corporation (IFC) has invested 20 million euros in Bolt, a mobility service company, to promote access to on-demand mobility services in
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Halt $1.5bn refinery revamp, subject to national debate – Peterside
The Founder, Stanbic IBTC Bank Plc, Mr Atedo Peterside, has asked the federal government to halt plans of renovating the Port Harcourt refinery
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$1.1bn Malabu Scandal: Italian court acquits Shell, Eni managers
An Italian court has declared Shell, Eni and their managers all acquitted in the controversial Malabu scandal. They were all acquitted by the
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CBN introduces new charges for USSD services
The Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said effective
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Naira exchanges for N481/$ at parallel market
The naira on Monday exchanged for N481/$ at the parallel market. At the Exporter & Importer forex window, the exchange rate hit a
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APAPA GRIDLOCK: e-Call system machine crashes, as trucks take-over roads again
Truck and tanker drivers, yesterday, stormed the Oshodi-Apapa and Ijora-Apapa expressways, following unconfirmed reports of collapse of the electronic Call-up system machine, resulting
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NNPC insists petrol depot price will not increase in March
The Nigerian National Petroleum Corporation has insisted that petrol depot price will remain unchanged in March. This is coming as a reaction to
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BREAKING: NIPOST reclaims collection of stamp duty charges from FIRS
The Nigeria Postal Service (NIPOST) has reclaimed the collection of stamp duty charges from the Federal Inland Revenue Service (FIRS), the Minister of
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Port Harcourt-Maiduguri rail to rejuvenate North-South economy, says Buhari
President Muhammadu Buhari has said the rehabilitation of the Port Harcourt–Maiduguri railway will reactivate economic activities in the Eastern corridor, which has been
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Don’t cede Ekiti land for cattle ranches, PDP warns Fayemi
The Ekiti State chapter of the People’s Democratic Party (PDP) has called on Governor Kayode Fayemi not to cede any part of the
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Oil price hits $67 on steady production by OPEC+
Brent crude oil prices rose to $67 buoyed by speculation that the Organisation of the Petroleum Exporting Countries (OPEC) and their Russia-led allies,
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FCTA demolishes 25 illegal houses in Abuja
No fewer than 25 houses have been pulled down in Kyami district of Abuja by the department of Development Control, Federal Capital Territory
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Uber, Bolt customers to pay more as Lagos introduces new taxes
Customers are set to pay more for ride-hailing services such as Uber and Bolt due to a new regulation being introduced by the
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Nine power plants shut down, 2,079MW capacity stranded
Nine of the nation’s 27 power plants were idle on Thursday, leaving a total generation capacity of 2,079.1 megawatts stranded.Total power generation in
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Buhari removes Peterside as NIMASA DG, a Northerner, Jamoh.
The President, Major General Muhammadu Buhari (retd.), has approved the appointment of Bashir Jamoh as the Director-General of the Nigerian Maritime Administration and
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Pension asset grows to N9.58trn
The National Pension Commission (PenCom) has revealed that its pension asset has risen to N9.58trn as at September 2019. This was made known
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Court adjourns $69m suit filed against Chevron, Total until July 2
A Federal High Court Lagos, Tuesday, further adjourned until July 2, a 69 million dollars suit filed by the Federal Government (FG) of
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Senate confirms Abiola’s daughter as NDIC Executive Director
The Senate this Wednesday confirmed the appointment of Ms Omolola Edewor as Executive Director, Corporate Services, Nigeria Deposit Insurance Corporation (NDIC). This followed presentation
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TSA: Group probes FG, wants total accruals, expenditure made known
The United Global Resolve for Peace on the Treasury Single Account has called on the Federal Government to disclose the total amount that
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Metering is your responsibility, NERC fires back at Discos
The Nigerian Electricity Regulatory Commission has said the obligation to ensure that all electricity consumers have meters remained with the electricity distribution companies
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