NNPC fails to remit N77.92b, says NEITI

The Nigerian Extractive Industries Transparency Initiative (NEITI) on Thursday accused the Nigerian National Petroleum Corporation (NNPC) of under-remitting N77.92billion to the Federation Account in 2017. The report which is pilot …

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British gas firm gets court order to seize $9bn Nigerian assets

Nigeria is at the risk of losing assets worth $9billion to Process & Industrial Developments Ltd., a UK small natural gas company, following a court order that gave the company …

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Dickson completes payment of Sylva’s N104bn bond

Bayelsa State Governor, Seriake Dickson Bayelsa State Governor, Seriake Dickson, Thursday said his administration had completed the payment of N104bn bond it inherited from his predecessor, Chief Timipre Sylva. Dickson …

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U.S. air regulators ban some Apple laptops on flights

US Air Regulators ban some Apple Laptops on flight Some MacBook Pro laptops are being banned on flights in the United States amid Apple’s recent statements saying that batteries in …

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Edo modular refinery to commence operation soon

…DPR to inspect 6,000 bp/d facility   The Edo Refinery and Petrochemicals Limited, a project partly sponsored by the Governor Godwin Obaseki-led administration in Edo State and being developed by …

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Nigerians spend N730bn on sports betting annually

Infographics on betting Nigerians spend over 730 billion Naira annually on sports betting and at least two billion naira is generated daily, recent research data shows. Data also revealed that …

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Naira closes at N359.3 to dollar at parallel market

The Naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N450 and N396, respectively. At …

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Finally, Aks Flour hits market

By Mary Tom In fulfillment of his campaign promise to rapidly industrialize the State, create employment opportunities for the teeming youths and avenues for wealth creation, Governor Udom Emmanuel has …

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Don’t drag NNPC into politics, Kyari warns public

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged the public to be wary of attempts to drag the corporation into politics in …

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CBN injects $210m into forex market

Mr Isaac Okorafor, Director, Corporate Communications, CBN   The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion …

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