The Minister of Information and Culture, Alhaji Lai Mohammed, has said the coming on stream of the Dangote Petroleum Refinery and Petrochemicals as well as the Dangote Fertilizer Plant will help to ensure energy and food security in the country. The Minister made the remarks in Lagos on Sunday while …
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N400 for every bad N100 note, CBN imposes penalty on banks for mutilated notes The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to stop including mutilated notes as part of their deposits with the apex bank. Ahmed Umar, director, currency operations department of CBN, in Abuja, …
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The German economy ministry is considering expropriation of Gazprom (GAZP.MM) and Rosneft (ROSN.MM) units in the country amid concerns about security of energy supply, business daily Handelsblatt reported on Thursday, citing government sources. The discussions between top ministry officials and Chancellor Olaf Scholz aim to prevent massive power cuts if …
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The Federal Competition and Consumer Protection Commission (FCCPC), says it has frozen no fewer than 30 bank accounts operated by illegal loan organisations. Mr Babatunde Irukera, the Executive Vice Chairman of the Commission, said this at a media engagement in Abuja on Tuesday. Irukera also said that the Commission had …
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upon activation of their lines as well as 800% bonus every time they recharge their lines with airtime worth N100 and above. The new offer, which is christened Ovajara, is the default tariff plan for customers who are acquiring an Airtel SIM for the first time. After registering and activating …
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The peculiarities of the business operating environment in Nigeria are common knowledge but concerns are mounting that a bad situation is suddenly turning worse, owing to extraneous factors such as the development in Eastern Europe, which has mounted pressure on the prices of fuel including Premium Motor Spirit (PMS), known …
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The peculiarities of the business operating environment in Nigeria are common knowledge but concerns are mounting that a bad situation is suddenly turning worse, owing to extraneous factors such as the development in Eastern Europe, which has mounted pressure on the prices of fuel including Premium Motor Spirit (PMS), known …
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The Federal Government has commenced discussions with two plane makers, US-based Boeing and Airbus, a European multinational aerospace corporation, to facilitate the purchase of aircraft for the country’s national carrier, Nigeria Air. BusinessDay gathered that several foreign airlines had indicated interest by submitting their bids as bidding is slated to …
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Following Saturday’s incident where a local guard of the Kaduna International Airport was gunned down, Azman Airline, one of the carriers operating to the airport, has suspended its operation. The airline confirmed this in a notice posted on its Twitter handle. Flights on hold as bandits exchange gunfire with soldiers …
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One of the governorship hopefuls in Akwa Ibom State, Obong Ide Owodiong-Idemeko, has said that ExxonMobil’s proposed sale of its assets and eventual exit from the state is good opportunity for indigenous firms and local business to grow. It could be recalled that ExxonMobil had in a press release said …
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