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Nigeria, Iraq exceed cuts as OPEC achieves 79% compliance

Nigeria, Iraq exceed cuts as OPEC achieves 79% compliance

Increased production by Nigeria and Iraq above the agreed quota by members of the Organisation of the Petroleum Exporting Countries (OPEC), in February, saw compliance level hitting 79 per cent last month, three per cent above January’s 76 per cent. ...

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CIBN, Ecobank collaborate on financial inclusion

CIBN, Ecobank collaborate on financial inclusion

The Chartered Institute of Bankers of Nigeria (CIBN), said it plans to collaborate Ecobank Nigeria, in the drive for financial inclusion and capacity building. The President and Chairman of Council, CIBN, Uche Olowu, speaking during a CIBN stakeholder’s engagement with ...

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Court reaffirms SEC’s oversight over public companies

Court reaffirms SEC’s oversight over public companies

The Court of Appeal has reiterated the Securities and Exchange Commission (SEC’s) power to intervene in the management and control of any public company, which is considered to have failed, is failing, or is in crises.  The SEC is statutorily ...

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MTN IPO to be executed in two phases amid row with FG

MTN IPO to be executed in two phases amid row with FG

•Listing expected Q2/Q3 •Nigerians already own 20% untraded shares The long-awaited listing of the shares of South Africa-based, mobile network provider, MTN, will now be executed in two phases for better value, which will commence at the end of the ...

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FG Bans Boeing 737 Max Airplanes In Nigeria

FG Bans Boeing 737 Max Airplanes In Nigeria

The Federal Government has  announced a ban on all Boeing 737 Max airplanes from flying in Nigeria’s airspace until further notice. Nigeria’s Minister of State, Aviation, Heidi Sirika, spoke to State House Correspondents after a meeting of the Federal Executive ...

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NCAA To Monitor Investigation Of The Ethiopian Airline Crash

NCAA To Monitor Investigation Of The Ethiopian Airline Crash

Following Sunday’s crash of an Ethiopian Airline flight, the Nigerian Civil Aviation Authority (NCAA) has said it was closely monitoring investigations into the safety of Boeing 737 MAX 8 aircraft. Mr Sam Adurogboye, General Manager, Public Relations, NCAA, said this ...

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‘Nigerian ports may lose 40% of cargoes this year’

‘Nigerian ports may lose 40% of cargoes this year’

Barring any urgent intervention to tackle numerous challenges bedeviling Nigerian seaports, the country may lose over 40% of its cargoes before the end of the year. Clearing Agents under the argues of Association of Nigerian Licensed Customs Agents (ANLCA), warned ...

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NEITI: Unearned Income from PSCs May Fund Mambilla Plant, Others

NEITI: Unearned Income from PSCs May Fund Mambilla Plant, Others

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said revenue Nigeria did not earn from its failure to review terms in the Production Sharing Contracts (PSCs) it signed with the oil companies in the country may have funded its construction ...

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Raising Power Transmission Capacity

Raising Power Transmission Capacity

Documents obtained from the Transmission Company of Nigeria showed that the government-owned power company has within the last two years raised its transmission capacity by about 2,352.5 megawatts. Chineme Okafor, writes the implications of this feat to Nigeria’s power sector ...

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Currency dealers pledge support for CBN’s stability agenda

Currency dealers pledge support for CBN’s stability agenda

Currency dealers in the country have pledged their support to the financial stability agenda of the Central Bank of Nigeria (CBN), a development that signals call for continuity, as the government received fresh mandate few days ago. Under the aegis ...

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NSE, Meristem partner on indices focused on value investment strategies

NSE, Meristem partner on indices focused on value investment strategies

The Nigerian Stock Exchange (NSE), and Meristem Securities Limited, have announced the launch of two new style indices namely NSE-Meristem Growth Index and NSE-Meristem Value Index. These indices, which is expected to be available real-time on the NSE’s website from ...

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Index sheds 0.9% amid persistent bearish sentiments

Index sheds 0.9% amid persistent bearish sentiments

Despite improved corporate performance, the bears strengthened their hold on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, as the All-share index (ASI), plunged further by 0.9 per cent. Specifically at the close of transactions, ASI depreciated by ...

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Comprehensive Shipping Policy Can Reposition Maritime Sector – Experts

Comprehensive Shipping Policy Can Reposition Maritime Sector – Experts

By Kenneth Jukpor Maritime experts have called for a comprehensive shipping policy as a critical factor to transform the fortunes of the nations shipping sector, especially the Eastern ports. The shipping veterans who converged at a meeting organized by the ...

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BEARS: NIMASA, NLNG In ‘Distress Limbo’

IOCs Seek Better Incentives For Olokola, Brass Projects

Although local and international laws impose a duty on both states and vessels to facilitate assistance at sea to vessels in distress, the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Liquified National Gas (NLNG) reportedly failed to ...

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BULLS: Celebrating Feminism

BULLS: Celebrating Feminism

International Women’s Day was an eventful outing in Lagos on Friday last week, as women came out en masse to celebrate the dynamism, industry and numerous contributions in society by the female gender. It was a time to reflect on ...

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2018 earnings season buoys stocks’ trading as index rises by 0.3%

2018 earnings season buoys stocks’ trading as index rises by 0.3%

Expectations of bumper returns on investment, as listed companies churn out their 2018 financials, buoyed transactions  on the equity sector of the Nigeria Stock Exchange (NSE) last week, causing  investors’ wealth to increase marginally by 0.3 per cent. At the close ...

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FCMB Women empower widows to mark international day

FCMB Women empower widows to mark international day

First City Monument Bank (FCMB) Women have trained and empowered some underprivileged widows in the production of various household items. The skills acquisition, entrepreneurial and economic empowerment gesture forms part of the bank’s activities to commemorate this year’s International Women’s ...

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2019 International Women’s Day: Women, Victims of FG’s ‘Trader Moni’ Scheme, But Don’t Suspend -MMS WoFHoF

International Women’s Day: MMS Celebrates Maritime Amazons, NPA Prioritizes Nursing Mothers/ Child Welfare

* Introduces grant to empower 250,000 women * Campaigns for 40% gender inclusiveness for women MMS Woman of Fortune Hall of Fame (WoFHoF) Initiative has condemned Federal Government’s suspension of ‘Trader Moni’ scheme which has seen traders, mostly women fleeced ...

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Eastern Ports: Exploring Solutions To An Unending Dilemma

Eastern Ports: Exploring Solutions To An Unending Dilemma

Lagos ports have become a burden to the city residents as well as the port users as a result of the perennial traffic gridlock. It is open-secret that utilization of the ports in other parts of the country, especially the ...

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Why Foreign Airlines Charge Colossal Sums From Nigerians

Why Foreign Airlines Charge Colossal Sums From Nigerians

By Okuneye Moyosola It has become the norm for foreign airlines operating in Nigeria to always charge exorbitant sums as air fares and Nigerian passengers travelling to other parts of the world have suffered this fiscal burden without relieve. While ...

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