Business

National Economic Council Approves Additional $250M Investment For Nigeria Sovereign Investment Authority

Having received a presentation of the Nigeria Sovereign Investment Authority (NSIA) business update, and outlook, the National Economic Council on Thursday resolved to invest an additional $250 million into the NSIA, the country’s sovereign wealth fund. The resolution was among other decisions taken at the 99th meeting of the council chaired by Vice President Yemi Osinbajo, SAN, in Abuja. NEC ...

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Shell Nigeria Is Best Company To Work For – Jobberman

Shell companies in Nigeria have emerged winner in the best 100 companies  to work for in the latest Jobberman 2019 Report released in Lagos on Thursday. Shell led the pack of top 100 companies that respondents admire, respect and desire to work for the most. Jobberman Chief Executive Officer, Hilda Kabushenga Kragha, said “Shell won the most votes among majority of ...

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Shell Seeks Re-Orientation Of Nigerian Undergraduates To Enable Innovation, Use Of Emerging Technologies 

Energy giant, the Shell Petroleum Development Company of Nigeria Limited (SPDC) has outlined re-orientating the thinking of undergraduates in Nigerian universities as one of the critical actions to challenge them on the use of emerging technologies to enable innovation and allow Nigeria to actualize the National Association of Petroleum Explorationists’ (NAPE) 37th Annual International Conference and Exhibition’s aspiration of expanding Nigeria’s ...

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Cooking Gas Prices Rise As Depots Run Dry

Prices of Liquefied Petroleum Gas, popularly known as cooking gas, have risen as most depots in Lagos have run out of stock. This is occasioned by the drop in the supply of the product. NewsProbe reports that the retail price of a 12.5kg of cooking gas has risen from between N3,000 and N3,500 to between N4,500 and N5,000. Retailers in ...

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Fidelity Bank Pledges Continued Support To Customers

Fidelity Bank Plc, one of the top six lenders in terms of total assets, loans and advances and customer deposits has said that it is committed to the long term expansion of the businesses of its customers whilst providing positive experiences at all its touch points to grow bottom line and gain competitive advantage in the marketplace. Managing Director/CEO, Fidelity ...

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HP Partners ExpressVPN In Consumer Privacy-Boosting Move

ExpressVPN has made an announcement about its recent involvement with HP to develop one of the most secure laptops on the market, as of the time of this writing. While this would not carry any of the military-grade specs you must have had in your mind, it does create a platform for consumer protection and user privacy better than what ...

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Nigeria needs a competent customs and immigration service, not border closure

Nigerian soldiers pictured at their post on the land border with Niger in 2015. commons.wikimedia.org/ Stephen Onyeiwu, Allegheny College About two months ago, the Nigerian government announced the closure of the country’s land borders to all goods. According to the country’s Comptroller-General of the Customs Service, Hameed Ali, this was done to stem the influx of smuggled goods, especially rice ...

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Nigeria’s border closure has implications for Africa’s economic integration

The border closure has affected goods from other West African countries. Wikimedia Commons Tahiru Azaaviele Liedong, University of Bath Nigeria recently partially closed its border with Benin in an effort to stem the smuggling of rice. It then went on to close its land borders to the movement of all goods from Benin, Niger and Cameroon, effectively banning trade flows ...

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Lekki Seaport: Chinese Investor Injects $629 Million To Complete Project

In 30 months, Nigeria’s first deep seaport will be delivered in Lekki – a coastal community in the nation’s commercial nerve-centre – Lagos State. On Wednesday, Governor Babajide Sanwo-Olu witnessed the signing of four agreements with China Development Bank (CDB), including $629 million financing facility, to accelerate the completion of the Lekki Deep Seaport project, which started in 2011. The ...

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Zenith Bank Reaffirms Market Dominance And Leadership With Q3 2019 Results

Zenith Bank Plc has announced its unaudited results for the period ended 30 September, 2019, with numbers that clearly demonstrates its market dominance and leadership. From the unaudited account which was presented to the Nigerian Stock Exchange (NSE), gross earnings increased by 4% percent from N474,607 billion recorded in Q3 2018 to N491,268 billion in Q3 2019. Profit Before Tax ...

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