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NIPC Collates $9.29bn Investments in Third Quarter 2019

Ms Yewande Sadiku, NIPC Executive Secretary made this known on Friday in Abuja at a news conference. Presenting the investment report, Sadiku said that a...

FG launches `Operation White’ to track Fuel Distribution

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has launched the “Operation White” project geared toward ensuring transparency and accountability of petroleum...

FG, CRCC sign $3.9bn Contract for Abuja-Itakpe Railway

The Federal Government has signed a $3.9bn contract with the China Railway Construction Corporation Limited for the construction of a new Abuja-Baru-Itakpe-Lokoja rail line. Both...

Telecoms Positioned as Major Contributor to Economic Growth – Danbatta

The effective regulation of the nation's telecommunications industry has made the sector a major contributor to the nation's economic growth and development. The Executive Vice...

Nigeria stock market indices slump further by 0.45%

Activities on the nation’s bourse resumed for the week on Monday still in the negative territory with crucial market indicators dropping further by 0.45...

90 Percent of Cars in Nigeria were Smuggled in – Hameed Ali

The Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), said yesterday that 90 per cent of cars in Nigeria were smuggled...

21 Ships arrive Lagos Ports with Petrol, other Products

A total of 21 ships carrying various products are at Apapa and Tin-Can Island Ports waiting to berth, the Nigerian Ports Authority (NPA) said...

CBN fines 12 banks, N499bn for Inability to meet Loan Ratio

The Central Bank of Nigeria (CBN) says 12 banks have been debited N499 billion for failing to give out 60% of their deposits as...

Nigerian Customs rake in over N5.8bn daily since border closure – Hameed Ali

Hameed Ali, comptroller general of the Nigeria Customs Service, says the agency has been generating an average revenue between N4.7bn and N5.8bn daily since...

Nigerian start-ups lead Africa, raise $237m

Nigerian technology start-ups have led the continent by raising the highest amount of funds (over $1m) to scale up their operations in 2019. Nigeria was...

NNPC signs Agreement with Nigerian Agip Oil Company (NAOC) on Oil Mining Lease (OML) 60, 61, 62 and 63.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has disclosed that the NNPC signed a novation agreement with...

First Bank Deepens Financial Inclusion: Set to engage 500,000 Agents

The Chief Executive Officer (CEO), First Bank Nigeria PLC, Dr Adesola Adeduntan, said the bank will engage 500,000 agents across the country to ensure...