Business

SPDC Appeals Asset Sale Judgement

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has expressed great disappointment that the Rivers State High Court affirmed the enforcement of the purported sale of interests in SPDC’s JV’s  assets in Kidney Island and specified interests in OML 11 to the Rivers State Government. “In the underlying judgement (Chief Agbara and Others v. SPDC, ) ,which is being enforced ...

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Dangote Refinery, NDE Train Ibeju-Lekki Youths on Skills

The Dangote Refinery Group in collaboration with the National Directorate of Employment (NDE) has begun a six-month skills’ acquisition programme for the second batch of 200 youths in Ibeju-Lekki Community in Lagos State. The training, which was flagged-off by Dangote Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr. Devakumar Edwin, is aimed at curbing unemployment among the youths. ...

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Shell: Empowering People, Communities & Business

Nigeria is a thriving and vibrant country, offering opportunities for people to improve their livelihoods. The scale of the opportunity is mirrored by the scale of the challenges to provide affordable energy, education, healthcare and conditions for local businesses to grow. In 2019, Shell’s Nigerian businesses made direct social investments of $40 million in Nigeria, making the country the largest ...

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Fuel Price Hits N150/L As Queues Return

Labour, CACOL, JAF urge FG to reverse hike Fuel queues returned to major parts of Lagos metropolis and the Federal Capital Territory yesterday, following announcement of an increase in the ex-depot price of petrol. Majority of the filling station visited by Daily Sun yesterday had long vehicular queues as consumers engaging in panic buying in a bid to beat the new ...

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FG Inaugurates Committee To Drive Implementation Of Support Schemes For MSMEs

Details of how qualified and targeted Nigerians can access some of the benefits under the Economic Sustainability Plan will emerge soon with the constitution of a 10-man steering committee to drive the implementation of the various support schemes for small businesses especially Micro, Small and Medium Enterprises (MSMEs) in the country. The Minister of Industry, Trade and Investment, Otunba Niyi ...

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BREAKING: Shoprite Pulls Out Of Nigeria

South Africa retail giant, Shoprite, has announced the commencement of a formal process to discontinue its operation in Nigeria. Shoprite Holdings Limited made the announcement on Monday in its operational and voluntary trading update for the year ended on June 28, 2020. The multi-national retail group, which announced a 6.4 per cent increase (R156.9billion) in total sales of merchandise for ...

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Excitement As Winners Emerge In Dangote Cement Promo

The on-going Dangote ‘Bag of Goodies Season 2 Consumer Promo’ has triggered excitement in the country as more winners continue to emerge, winning millions of Naira, goodies bags, recharge cards, and several others mouthwatering prizes. Just last week, the company sent credit alerts of One Million Naira each to the first three winners to emerge from the Dangote Cement Promo ...

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Zenith Bank Excites Customers With Massive Giveaways In The “Zenith Beta Life ” Weekly Promo

Zenith Bank Plc, Nigeria’s leading financial institution, has commenced its “Zenith Beta Life” Promo to reward customers of the Bank with gifts every week starting from 31st July 2020 to 30th July 2021. During this period, 50 customers will be selected via raffle draw each week and rewarded with gifts worth NGN30,000. The Promo is open to existing and new ...

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Sanwo-Olu Approves N1billion Seed Capital For Tourism Business

•Grants Three-Year Waiver On Penalty For Land Use Charge Defaulters With the approval of N1 billion seed capital for investment in tourism, Lagos State is set to drive a new growth in hospitality business. Governor Babajide Sanwo-Olu announced the approval of the loan on Wednesday at the 6th Lagos Corporate Assembly held at the Banquet Hall in the State House, ...

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Shareholders Commend NASCON’s Prompt Dividend Payment

Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, have expressed satisfaction at the performance of the company but tasked the food seasoning company to expand its market share so as to increase revenue. Speaking at the NASCON’s 2019 Annual General Meeting (AGM) held yesterday in Lagos, the shareholders commended the company’s prompt payment of dividends just ...

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