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Arik Air returns to Abuja-Calabar, Abuja-Uyo routes

Stories by Ime Akpan Arik Air has increased its route network ahead Christmas and New Year celebrations by re-launching its Abuja-Calabar and Abuja-Uyo operations. The Chief Executive Officer of the airline, Capt. Roy Ilegbodu said in a statement that the increased capacity is meant to enable Arik’s customers celebrate the festive season with family and […]

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PEGASSAN forum backs modular refineries

By Patrick Ahanor Benin City Petroleum and Natural Gas Senior Staff Association of Nigeria (Producers Forum) has pledged support for the federal government proposed move to grant licences to modular refineries operators in the country. The Forum said the government move would create more job opportunities for the citizens, declaring that “we are in alliance […]

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ITUC-Africa, OTUWA meet on ECOWAS free trade, migration

By Moses John Abuja MOSES JOHN writes on the struggle by the judiciary workers to win the arm of government from the grip of the executive. African trade union organisations from 25 countries across the continent, and Civil Society Organisations, have fashioned out ways to implement ECOWAS Free Movement and Migration (FMM) programme. This was […]

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NDE to create 74,000 new businesses in Katsina – FG

By Hamidu Sabo Katsina National Directorate of Employment (NDE) has stated that it would create additional 74,000 small-scale businesses in Katsina to boost the nation’s economy. Minister of Labour and Employment, Dr. Chris Ngige, disclosed this recently at the flag-off of training the trainers of NDE in Katsina. Ngige said employment creation through skills acquisition […]

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Getting railways back on track with China’s help

Nigeria has unveiled a major railway expansion project to ease congestion on roads and to boost the economy, writes IJEOMA NDUKWE from the commercial capital, Lagos A train pulls into Ebute Meta station on mainland Lagos. The station is housed within an old railway compound built during British rule in Africa’s most populous state with […]

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Nigeria invents motor parts from palm kernel shells

The Raw Materials Research and Development Council (RMRDC), in collaboration with some Nigerian researchers, have developed automotive brake-pads from palm kernel shells. BINTA SHAMA writes Knowledge is Power Nigeria is a great country and her citizens in twined with the good things of life. It is often said that any automobile produced in any part […]

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How teacher turned vegetable farmer, trader

Mercy Udoh, was a primary 2 class teacher, but instant success in farming vegetables encouraged her to dump teaching for business. Today, Mercy is now the proud owner of a flourishing farm and also a business woman, ADEOLA TUKURU, reports. Mercy Udoh, 32, never envisaged she would become a successful farmer and also a business […]

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Market operators call for single license from CBN, SEC

By Amaka Ifeakandu Lagos In its effort to facilitate a robust and deeper financial market, capital market  operators  have called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing license to enable them access Discount Window. The Capital market operators currently  regulated by the Securities […]

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Biosafety signs MoU with SON on safe biotech practices

National Biosafety Management Agency (NBMA), signed a Memorandum of Understanding (MoU) with the Standard Organization of Nigeria (SON) on ensuring safe practice of modern biotechnology in the country. Speaking at the signing ceremony, Director General of NBMA, Dr. Rufus Ebegba, told the SON delegation there is need for government agencies to work together for better […]

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GMO: Follow due process in seeds, grains imports, NBMA warns dealers

The National Biosafety Management Agency (NBMA) has urged Genetically Modified Organism (GMOs) dealers to follow due processes in importation of GM seeds and grains. The Director Genera, NBMA, Dr. Rufus Ebegba, who said this at a consultative forum with Nigerian GM seeds and grain dealers in Abuja added that the agency will not hesitate to […]

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FG inaugurates Yobe river basin trustees

The Federal Government has inaugurated the newly reconstituted members of the Board of Trustees of the Hadejia Jama’are Komadugu Yobe Basin (HJKYB) Trust Fund in Abuja. Inaugurating the 12 member board in Abuja recently, the Minister of Water Resources, Engr. Suleiman Adamu also announced the resuscitation of the basin’s trust fund. Adamu explained that the […]

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Global Food Price Index declines amid cereals boom

The Food and Agricultural Organisation (FAO) Food Price Index latest report has revealed that food prices declined in November, as lower dairy prices offset a sharp increase in sugar and vegetable oil quotations. It also states that surge in maize output on course to lift cereals stock-to-use ratio to highest level since 2002. This is […]

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NASD OTC securities to increase Capital market contribution

The NASD OTC Securities Exchange Plc has started a strategic move to increase the contribution of the capital market to the nation’s Gross Domestic Product, GDP. The securities also plans to launch a portal that will increase the visibility and investment in Nigerian enterprises. The portal, NASD Enterprise Portal, NASDeP, will be launched in the […]

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Equity market rebound improving by N458bn

Stories by Amaka Ifeakandu Trading activities on the floor of Nigerian Stock Exchange (NSE), last week took upward trend, increasing by N458 billion. Specifically, market capitalisation of listed equities improved by 3.47 per cent to N13.672 trillion from N13.214 trillion reported the previous week. The NSE All Share index also appreciated by 1312. 93 basis […]

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Afreximbank, EBE sign $500m investment support agreement

By Benjamin Umuteme Abuja The African Export-Import Bank (Afreximbank), has signed a $500 million agreement with the Export Development Bank of Egypt (EBE) aimed at supporting exports and investments by Egyptian businesses to other African countries. The Export Credit Support Scheme (ECSS), was signed by Afreximbank and EBE on the margins of the Africa 2017 […]

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States’ IGR falls below below expectation in 2017– NBS

By Donald Iorchir Abuja National Bureau of Statistics [NBS] has disclosed that internally generated revenue [IGR] by the 36 states for the third quarter of 2017 fell below expectation. NBS report released at the end of the first week of December 2017 however showed that the study did not cover Abia, Adamawa, Akwa Ibom, Anambra, […]

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CBN revamps N500bn non-oil fund

By Benjamin Umuteme Abuja Export Stimulation Fund for the promotion of non-oil exports in the country. This is even as the it introduced a N50 billion direct intervention funding for the Nigeria Export Import Bank (NEXIM). CBN Governor , Mr. Godwin Emefiele who disclosed this on Friday in Lagos explained that the intervention is was […]

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Oyo to generate 2000Mw of electricity – Commissioner

By Agboola Bayo Ibadan Oyo state government at the weekend disclosed that necessary arrangements were being put in place to generate more electricity through the Independent Power Project (IPP). The Commissioner for Works and Transport, Mr. Wasiu Dauda, stated this during a meeting with the management of Ibadan Electricity Distribution Company (IBEDC) at IBEDC office […]

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PMI remains stronger as economic outlook stands on positive trend

The nation’s economic outlook was boosted by positive numbers of the November Purchasing Manager Index survey report as well as the relatively early passage of the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) by the National Assembly. The recent survey report on purchasing and supply executives from manufacturing and non-manufacturing businesses […]

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Heritage Bank partners Generation Next to position 1, 500 pupils for leadership roles

Heritage Bank Limited, has partnered with Generation Next, a-non-governmental organisation to prepare over 1, 500 secondary school students for leadership role that will take Nigeria to greater heights in the future. The programme, themed: “Raising Emotionally Intelligent Generation,” held in Lagos over the weekend spanned digital knowledge, career, education and confidence bulding for students in […]

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Ambode urges CBN to release MSME N220bn fund for disbursement

Stories By Amaka Ifeakandu Lagos The Governor of Lagos state, Akinwunmi Ambode has called on the Central Bank of Nigeria (CBN) to release the N220 billion Micro, Small and Medium Enterprises Development fund to states to disburse at five percent to small businesses, saying that half of the fund is yet to be accessed. The […]

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Best cooking oils for your health

One of the most important things to keep in mind is – that oil behaves differently when heated, it changes texture, color, taste as well as it’s nutritional properties. When the oil reaches its smoking point, a lot of the nutrients are destroyed and it can sometimes potentially form harmful compounds. Also, different oils have […]

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Worst career change mistakes

Changing careers is never easy—but it is absolutely possible. Just because you’re on a dedicated career path doesn’t mean you have to stay on it forever. Sure, your family and friends may think you’ve lost your marbles when you announce plans for a midlife career change. Whether you’re bored at work , burned out on […]

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Nigeria automobile industry and local content policy

By Gregory Okere Automobiles are used to transport people and items from one location to another. If I have to give credit to one inventor, it would probably be Karl Benz from Germany. Many suggested that he created the first true or licensed automobile in 1885/1886. The first automobile, that is to say the first […]

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Gwarzo’s suspension: I won’t succumb to blackmail-minister

  Minister of finance, Mrs. Kemi Adeosun has said that she would not give in to blackmail following her decision to suspend former Director General of Securities and Exchanage Commisson, Dr. Mounir Gwarzo. This is even as she insisted that the forensic audit of Oando will continue, adding that the auditing process has begun. Mrs. […]