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Author Archives: mms plus

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Oil Price Hits $67 over Middle East Tensions

Oil Price Hits $67 over Middle East Tensions

Crude oil price on Tuesday hit high for the month of March, finding support from concerns over tensions between Iran and Saudi Arabia, and about Venezuela crude production. April West Texas Intermediate (WTI) crude rose by $1.20, or 1.9 per ...

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9mobile Sale: NCC Writes CBN, Insists on Technical Competence of Preferred Bidder

9mobile Sale: NCC Writes CBN, Insists on Technical Competence of Preferred Bidder

There are strong indications that the Nigerian Communications Commission (NCC), the telecoms industry regulator, may not issue operational licence to the preferred bidder of 9mobile as announced by Barclays Africa, the financial adviser handling the sale of the telecoms company ...

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$9m Cash Allegedly Discovered in Home of Ex-Amnesty Boss, Boroh

• EFCC arrests him One year after the Economic and Financial Crimes Commission (EFCC) discovered a whopping $44.3 million at a luxury apartment in Ikoyi, Lagos, the anti-graft agency, in conjunction with the Office of the National Security Adviser (ONSA), ...

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AU Summit Prepared to Sign Free Trade Treaty without Nigeria

AU Summit Prepared to Sign Free Trade Treaty without Nigeria

 MAN urges FG to renegotiate terms African Union (AU) chairperson Paul Kagame Tuesday gave a strong indication that member states would go ahead to sign the treaty to create the continental free trade area, even with the continent’s most-populated country, ...

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Baru: NNPC to Right-size, Not Fire Workforce when PIGB Becomes Law

Don’t pay more than N145 for petrol, Baru tells Nigerians

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has disclosed that the NNPC has started to prepare for the implementation of the Petroleum Industry Governance Bill (PIGB) when it is finally signed into a ...

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CBN Pumps Fresh $210 Million into Forex Market

CBN Pumps Fresh $210 Million into Forex Market

The Central Bank of Nigeria (CBN) on Monday injected another sum of $210 million into the interbank forex market as part of its desire to sustain liquidity in the market and ensure improved availability of the greenback in various segments ...

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Private Investors Urged to Stop Vying for NNPC Refineries

Private Investors Urged to Stop Vying for NNPC Refineries

A former top executive of the Nigerian National Petroleum Corporation (NNPC), Mr. Paul Ajetunmobi, has called on the private investors jostling to take over the operation and management of the corporation’s refineries to build their own refineries and compete with ...

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Fashola : Pricing Structure for Eligible Consumers’ Regulation Out Soon

Fashola : Pricing Structure for Eligible Consumers’ Regulation Out Soon

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has disclosed that a tariff structure to be paid by electricity consumers who would want to get their supplies from the eligible consumers’ policy window would be released soon. Fashola, ...

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Amaechi To Launch ‘Beacons Of Nigeria Maritime Industry’

Amaechi To Launch ‘Beacons Of Nigeria Maritime Industry’

The Minister of Transportation, Rt. Hon. Rotimi Amaechi is set to launch a spectacular ‘Who-is-Who’ book featuring people in the maritime industry titled ‘Beacons of Nigeria Maritime Industry’ on March 22nd, 2018 at the Nigerian Institute of International Affairs (NIIA), ...

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NNPC seeking funding options for refineries’ overhaul – Baru

NNPC seeking funding options for refineries’ overhaul – Baru

The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has said that the oil firm is currently searching for the best funding options to adopt for the overhaul of the nation’s refineries. He said the NNPC would not relent ...

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Labour plans nationwide strike over N30bn NSITF fraud

Labour plans nationwide strike over N30bn NSITF fraud

Irked by the alleged looting of funds at the Nigerian Social Insurance Trust Fund, some members of the organised labour want the Federal Government to bring the perpetrators to book to prevent a nationwide strike. Nigerians should brace for a ...

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W’Bank begins preparation for Nigeria’s $500m power distribution project

W’Bank begins preparation for Nigeria’s $500m power distribution project

The World Bank has commenced preparations for the $500m Nigerian Electricity Distribution Improvement Project. It was learnt that the bank had conducted a fact-finding mission in the distribution sub-sector of the industry in order to ascertain how it could help ...

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Reps worry over 6000 petitions on maritime academy in Oron

Reps worry over 6000 petitions on maritime academy in Oron

The House Committee on Maritime Safety, Education and Administration has expressed dismay that over 6000 petitions from the Maritime Academy of Nigeria (MAN), Oron in Akwa Ibom State, are currently before the National Assembly. The Chairman of the Committee, Mohammed ...

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Aviation agencies lose billions to alleged fraud in traffic figures

Fresh controversy trails N400b shortfall in aviation revenue

NCAA insists on own estimates, flays NBS records  Differences in passengers traffic figures in the aviation sector released by relevant government agencies may have caused revenue loss in excess of N6.7 billion in 2017 alone. While the Nigerian Civil Aviation ...

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CBN Unveils Regulation on Bills Payments

CBN Unveils Regulation on Bills Payments

The Central Bank of Nigeria (CBN) has unveiled a regulation for bill payment in the country. The central bank stated this in a circular titled: “Regulation for Bill Payments in Nigeria, 2018,” that was posted on its website at the ...

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CBN Fixes April 3 and 4 for MPC Meeting

CBN Fixes April 3 and 4 for MPC Meeting

 • S&P affirms Nigeria’s ratings at ‘B/B’, Stable Outlook  • Cautions against high debt service cost  • Forecasts 2.4% GDP growth in 2018 Following the concession made by the Senate to screen and confirm the nominees of President Muhammadu Buhari ...

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NEXIM Offers N500bn to Boost Export Businesses

NEXIM Offers N500bn to Boost Export Businesses

The Nigeria Export-Import (NEXIM) Bank has said the federal government has made available N500 billion loanable for businessmen and women who are into production of goods and services for export. NEXIM’s Executive Director, Mrs. Stella Okotete, stated this in Akure, ...

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OPEC Production Growth Depends on Stability in Nigeria, Libya, Iraq, Says IEA

OPEC Production Growth Depends on Stability in Nigeria, Libya, Iraq, Says IEA

As crisis continues in Venezuela, net growth in total production capacity of the Organisation of Petroleum Exporting Countries would, among others, be determined by stability in Nigeria, Libya and Iraq, the International Energy Agency (IEA) has said. IEA revealed this ...

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Economy: LCCI Faults Buhari’s Fiscal Intelligence

Economy: LCCI Faults Buhari’s Fiscal Intelligence

·Politics to determine 2018 business outlook ·Ease of Doing Business rating deceptive By Kenneth Jukpor As 2019 electioneering gears up and an ambiance of uncertainty clouds the nation’s economy, the Lagos Chamber of Commerce and Industry (LCCI) has lamented that ...

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Onojulistic Ononuju

Onojulistic Ononuju

Ononuju Irukwu is the Managing Director, Chapel Hill Denham Management Limited, a leading Investment Management Company in Lagos, Nigeria. She is also the Chief promoter of the Women’s Investment Fund, an investment vehicle for Women initiated by Chapel Hill Denham ...

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