Philanthropist and businessman Tony Elumelu on Friday showed off a sculpture he commissioned renowned sculptor Peju Alatise to make for his home, Newsextra24 reports. Mr Elumelu posted a photo of himself on Instagram standing close to the “beautiful sculpture”. He said, “I commissioned @Peju.Alatise for this beautiful sculpture for our …
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Telecoms operators said they have received instructions from the Nigerian Communications Commission (NCC) to effect suspension of services of micro blogging platform Twitter. The carriers, acting under the aegis of Association of Licensed Telecoms Operators of Nigeria (ALTON), said they have conducted assessment of the request according to international best …
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Central Bank Governor, Godwin Emefiele, has said the country will save about $3bn from petroleum imports annually when Dangote Refinery is fully operational. He said latest records show petroleum products took about 25% of imports. Emefiele spoke when he paid a visit to inspect Dangote Refinery and Petrochemical Company in …
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Dangote Industries Limited says its three million metric tonnes granulated urea fertiliser plant is now completed and its products will flood the Nigerian market from Monday. Alhaji Aliko Dangote, Chairman, Dangote Group, made the disclosure on Friday, as the Central Bank Governor, Mr Godwin Emefiele, came on a final inspection …
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Telecommunications operators in the country are again planning to disconnect commercial banks from the use of Unstructured Supplementary Service Data (USSD), New Telegraph has learnt. This is even as the banks’ debt for the service is said to have risen to over N47 billion as of end of May. Sources within …
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Nigerian company, Ketron, Acquires Shoprite Stores – Ketron Investment Limited, a Nigerian firm has completed the acquisition deal of Retail Supermarkets Nigeria Limited (RSNL), owner and operator of the Shoprite stores in Nigeria. Ketron is owned by a group of investors led by Persianas Investment Limited, a statement from Ketron, …
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Premium smartphone brand TECNO today announced the renewal of its partnership with UNHCR, the UN Refugee Agency, to support UNHCR’s global program in primary education, Educate A Child (EAC). The partnership aims to support the improvement of refugee children’s education in Africa, ensuring refugee children’s right to education and ultimately …
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Is Nigeria ready to pile up more debts on a shaky, consistently postponed project whilst the economy is struggling? Africa’s largest state oil and gas company, Nigerian National Petroleum Company (NNPC) has recently hinted on its plan to acquire a 20 percent equity share (estimated at about $3bn) of the …
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A Shell facility located at Obiakpu-Egbema in Ohaji/Egbema Local Government Area of Imo State has been set ablaze by people suspected to be gunmen. The incident occurred late Friday when the hoodlums stormed the place and set the facility ablaze. The inferno destroyed both oil pipes that supply oil to …
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Despite the negative toll the debt profile is having on the Nigerian economy, the Debt Management Office (DMO) has insisted that the nation’s debt is still sustainable as it is yet to reach the threshold set by the International Monetary Fund ((IMF) and the World Bank. According to it, the …
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