DPR Seals Five Filling Stations In Imo

DPR Seals Five Filling Stations In Imo

The Department of Petroleum Resources (DPR) In Imo state during a monitoring exercise have sealed five filling stations. The filling stations were sealed on Tuesday for selling against the directive of the Federal Government of N145 per liter of fuel

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Investigation Reveals N30b Oil Revenue ‘Hidden’ By NNPC

Investigation Reveals N30b Oil Revenue ‘Hidden’ By NNPC

Full disclosure in the administration of crude sales remains an issue at the Nigerian National Petroleum Corporation (NNPC) despite current efforts at enthroning transparency in the conduct of government business. An account reconciliation activity for crude oil transactions found gaps in the corporation’s reporting and remittances to the Federation Account for the month of October 2017. State governments had boycotted the Federation Account Allocation Committee (FAAC) meeting on November 23, accusing the NNPC of cutting…

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CBN To Continue Supporting Financial Service Penetration, Says Emefiele

CBN To Continue Supporting Financial Service Penetration, Says Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Saturday said that the bank would continue to support measures that would deepen penetration of financial services in the country. Emefiele said while delivering a welcome address at the 9th annual Bankers Committee Retreat in Lagos.According to him, the measure will capture those who are financially excluded from the system. The theme of the retreat is “Improving Financial Access, Enabling Job Creation…

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Top Ten Richest Black Women (richest black woman)

Top Ten Richest Black Women  (richest black woman)

The African continent has already given the world plenty of talented people. Many of them are women who became popular owing to their ambitions, perseverance, and hard work. The richest black women recommend that other women should be patient and determined in their desire to become rich. 1. Isabel dos Santos – Net worth: 3.35 billion dollars Isabel dos Santos is presently considered the richest woman in Africa. She is the daughter of the president of Angola, who has been…

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Dangote Crashes Price Of Cement, Launches Online Sale On Jumia Nigeria

Dangote Crashes Price Of Cement, Launches Online Sale On Jumia Nigeria

In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with foremost e-commerce platform, Jumia Nigeria, to offer for sale its cement to customers online. At the unveiling of the deal in Lagos, Dangote Cement’s Key Account Director, Chux Mogbolu, said Dangote Cement was happy to partner with the online shopping giant to make Dangote cement available…

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Nigeria central bank weakens naira to 307/US$ for first time

Nigeria central bank weakens naira to 307/US$ for first time

Nigeria’s central bank on Monday weakened the naira marginally, selling dollars at 307 Naira each for the first time on the official interbank market, in what traders say could signal a gradual move to merge its multiple exchange rates. Nigeria’s convoluted exchange rate system has been used to manage what the central bank described as “frivolous” demand for dollars at the peak of a currency crisis which began two years ago.

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Tokyo Stocks Open Flat Amid Russia Probe Jitters

Tokyo Stocks Open Flat Amid Russia Probe Jitters

Tokyo stocks opened flat on Monday after three days of gains, as cautious investors watched developments in the FBI probe into alleged Russian meddling in the US election. The benchmark Nikkei 225 index was up 0.01 percent, or 2.94 points, at 22,821.97 in early trade while the broader Topix index gained 0.16 percent, or 2.92 points, to 1,799.45. It will be “a week of patience” as investors keep a wary eye on US political developments…

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AfricaAdesina: Africa Accounts For 3% Global Traffic, 9% Of Crashes

AfricaAdesina: Africa Accounts For 3% Global Traffic, 9% Of Crashes

Akinwumi Adesina, who previously served as Nigeria’s Minister of Agriculture and Rural Development, is the President of African Development Bank (AfDB), which was heavily involved in the just concluded ICAO World Aviation Forum (WAF) held in Abuja, Nigeria, penultimate week. In this interview with WOLE SHADARE, he speaks on myriads of problems confronting the sector in Africa where mortality rate of the continent’s carriers, infrastructural gaps and financing of aviation among others, continue to put…

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FG Appoints Abdul Zubair As Ag SEC DG

FG Appoints Abdul Zubair As Ag SEC DG

Federal Government of Nigeria has appointed Dr. Abdul Zubair as the acting Director General of the Securities and Exchange Commission (SEC) to replace the suspended Mr Mounir H. Gwarzo with immediate effect. Zubair until Sunday, was the Director in charge of External Relations in the Commission before he was appointed as Ag DG which automatically oust the Gwarzo who was suspended on November 29, 2017 to allow unhindered investigation into alleged financial impropriety. While the…

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