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Nigeria’s $1.5bn Annual Spend On Diary Products Import Regrettable ― Minister

Alhaji Sabo Nanono,the Minister of Agriculture and Rural Development, Alhaji Sabo Nanono has regretted that Nigeria spends about $1.5 billion importing dairy products annually. He expressed that despite the potentials in the

4 years ago

by Mohammed Shosanya

SEC Boss Assesses Benefits Of Non-Interest Capital Market

Mr. Lamido Yuguda, the Director General Securities and Exchange Commission,has said that non-interest capital market sector has full of potentials to facilitate the objective of deepening the financial system and spurring the

4 years ago

Regulators

Nigeria Can Diversify Its Economy With Gas-Buhari

President Buhari said that Nigeria can diversify its economy with huge deposit of gas. He disclosed this at the virtual Nigeria International Petroleum Summit (NIPS) 2021 Pre-Summit Conference and official launch of

4 years ago

News

FirstBank Reinforces Value In Promoting Women Empowerment

First Bank of Nigeria Limited, has announced the fourth edition of its annual FirstGem conference The 2021 event is themed ‘The Art of Negotiation’ and convened to provide women with insights on

4 years ago

Banking&Finance

IPOB’s ESN Responsible For Anambra Killings-Naval Chief

Vice Admiral Awwal Gambo, the Chief of Naval Staff, Vice Admiral Awwal Gambo, has accused the security arm of the Indigenous People of Biafra, the Eastern Security Network,of being behind recent killings

4 years ago

News

Seplat Issues $650 million 5-year Senior Notes

Seplat Petroleum Development Company Plc ,has priced its offering of $650 million in aggregate principal amount of senior notes due 2026 (the “Notes”). The Notes priced at a yield of 7.75%, representing

4 years ago

Oil&Gas

Shell,Uniport Inaugurate Aret Adams Chair For Petroleum Engineering

Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC Joint Venture, and the University of Port Harcourt in Rivers State have appointed Sunday Ikiensikimama, a professor of Petroleum

4 years ago

Oil&Gas

SEC Fixes N50m Paid Up Capital For Warehousing, Collateral Mgt companies

The Securities and Exchange Commission, SEC, has fixed N50 million as minimum paid up capital for warehousing and collateral management companies in Nigeria . The agency explained that the new rules would

4 years ago

Regulators

DisCos Billed Consumers N816.15bn Last Year-NERC

The Nigerian Electricity Regulatory Commission(NERC), has said that 11 Discos across the country billed electricity consumers N816.15bn in 2020 The agency,in its financial report,however said consumers paid a total of N542.73bn to

4 years ago

Power

Flight Cancellation:Court Fines Ethiopian Airlines N7m

A Lagos Federal High Court has awarded a fine of N6 million as general damages against Ethiopian Airlines Limited for cancelling three Nigerians’ flights without due notice to the plaintiffs. In his

4 years ago

Aviation

FG Rakes In N538bn From Ports Taxes

The Director-General of the Bureau of Public Enterprises, Mr Alex Okoh, has disclosed that the Federal Government saved over N500bn from the privatisation of the ports infrastructure. Okoh,who was represented by Director,

4 years ago

Maritime

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