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FG decries N4bn spent annually on importation of diaper, others

The Federal Government has expressed concern over the N4billion plus spent yearly on the importation of diaper, sanitary pads, wipes and napkins into the country, describing it as unacceptable. The Ministry of Industry, Trade and Investment, at a validation meeting, ...

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SON cautions against substandard products

SON cautions against substandard products

The Standard Organisations of Nigeria (SON) has urged manufacturers and service providers to churn out quality products and services to ensure safety and satisfaction of consumers. Head, Edo State office of SON, O.J Okagun made the remark during the presentation ...

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AfDB, partners launch new fund to boost digital financial inclusion

AfDB, partners launch new fund to boost digital financial inclusion

The African Development Bank (AfDB), and its partners, yesterday, launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and expansion of digital financial transactions in the continent. The Fund, launched at the Bank’s Annual Meetings in Malabo, ...

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CBN signals end to official rate regime for naira

CBN signals end to official rate regime for naira

The Central Bank of Nigeria (CBN) may soon allow the naira to freely find its value, with a possible depreciation on the official rate, usually pegged at about N305/$, an update on its website has indicated. The development is signaling ...

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FG targets 10 per cent equity in new national carrier

FG targets 10 per cent equity in new national carrier

• Scales up take-off fund to N47b The Federal Government (FG), may have as much as 10 per cent stake in the new national carrier christened, Nigeria Air.The equity, already backed with at least N47 billion take-off fund in the ...

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‘Why Nigeria needs to optimise the blue economy agenda’

‘Why Nigeria needs to optimise the blue economy agenda’

Like most great maritime nations, all hands need to be on deck to support Federal Government’s efforts in taping into the blue economy, and developing it to such a level that it can contribute far more than currently as projected. ...

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CMA CGM to acquire 20 LNG ships by 2022

CMA CGM to acquire 20 LNG ships by 2022

French container shipping company, CMA CGM, has reiterated its commitment to the environment, striving to be a leader in the energy transition of the maritime industry. The group has however unveiled plans to take delivery of about 20 LNG-powered containerships ...

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Nigeria’s refineries operate at 5.55% capacity, record N16b deficit in March

Nigeria’s refineries operate at 5.55% capacity, record N16b deficit in March

Nigeria’s four refineries operated at just 5.55 per cent of their combined nameplate capacity of 445,000 barrels daily (b/d), according to latest data released by Nigerian National Petroleum Corporation (NNPC), underlining that the oil-rich nation still relies heavily on imported ...

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C&I Leasing confirms release of vessel, crew in Equatorial Guinea

C&I Leasing confirms release of vessel, crew in Equatorial Guinea

C&I Leasing Plc has confirmed the release of one of its vessels, MV Charis, which was hijacked by sea pirates in Equatorial Guinea, while also commending the Nigerian Maritime Administration and Safety Agency (NIMASA), for the swift intervention and timely ...

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Eastern ports issues are beyond 10 per cent discount, say operators

Eastern ports issues are beyond 10 per cent discount, say operators

A discount incentive for eastern ports introduced by the Nigerian Ports Authority (NPA), to encourage higher patronage as some operators are not so convinced given other challenges inhibiting operations in the region.NPA had approved a 10 per cent discount on ...

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LCCI expresses worry over SON’s interception of containers on highways

LCCI expresses worry over SON’s interception of containers on highways

The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over reports of interception of containers on the highways by the officials of Standards Organisation of Nigeria (SON). The chamber raised the concern in a communique by the Director-General, ...

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LSE hosts Ecobank after $500m Eurobond issuance

LSE hosts Ecobank after $500m Eurobond issuance

Following the successful $500 million Eurobond issuance, Ecobank Transnational Incorporated (ETI) was hosted by the London Stock Exchange (LSE) to a market opening ceremony to celebrate feat. The bond was oversubscribed with strong demand from international investors in the United ...

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Outsource Global extends BPO service to Japan

Outsource Global extends BPO service to Japan

The Africa Business Process Outsourcing industry got another boost as one of the players in that space Outsource Global, expanded its services to Japan. Speaking at the just concluded Japan IT Week, the founder and Chief Executive Officer of Outsource ...

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Fidelity supports traders with soft loans, security

Fidelity supports traders with soft loans, security

Fidelity Bank Plc has provided soft loans and security for traders in the Trade Fair complex, Lagos, as part of its Corporate Social Responsibility (CSR). This, according to the bank, is in line with the identified needs of marketers in ...

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Forcados shutdown drags Nigeria’s production as OPEC’s May output shrinks

Forcados shutdown drags Nigeria’s production as OPEC’s May output shrinks

OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Arabia’s crude oil production falling to a four-and-a-half-year low in May, even as sanctions-hit Iran, and Venezuela continue to see their output contract, latest S&P ...

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SEC suspends Oando Plc’s AGM

We were not given fair hearing, Oando insists

• Shareholders okay commission’s directive • Row over resignation of two non-executive directors Following the ex-parte order of the Federal High Court, Ikoyi Lagos in suit no: FHC/L/CS/910/19, in Mr. Jubril Adewale Tinubu and Anor V Securities and Exchange Commission  ...

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How absence of SEC’s governing board undermines investors’ confidence

How absence of SEC’s governing board undermines investors’ confidence

The Investment & Securities Act (ISA 2007) specifically provides for the establishment of a board for the Securities & Exchange Commission (SEC) and outlines its functions. The board is the organ of the commission responsible for policy formulation and decision-making ...

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NNPC sells N175 billion oil, gas products in 12 months

NNPC sells N175 billion oil, gas products in 12 months

The Nigerian National Petroleum Corporation (NNPC) yesterday said it sold N174.62 billion worth of oil and gas products March 2018 and the corresponding period of this year. According to the Monthly Financial and Operations Report (MFOR) released in Abuja, the ...

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How Cartels Cook Diesel, Oil Lubricants In Lagos

How Cartels Cook Diesel, Oil Lubricants In Lagos

· Clone Major Oil Dealers Crested Drums . Influence power supply in Ajegunle, Apapa By Kenneth Jukpor & Alphonsus Effi While the Federal Government intensifies efforts to curb illegal refining of petroleum products in the Niger Delta region, several cartels have hidden ...

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Biliskissy’ Bilikiss

Biliskissy’ Bilikiss

Bilikiss Adebiyi is a Nigerian CEO of a recycling company, Wecyclers, in Lagos. She was educated at MIT and came to notice due to a novel approach to recycling based on tricycles and SMS. Her efforts have been reported in ...

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