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Category: Business

Business Entertainment News

Gov. Ayade inaugurates 2017 Calabar carnival village

National Ambassador.December 1, 2017 Ben AyadeCalabar carnivalCross River

Gov. Ben Ayade of Cross River on Friday inaugurated the `Calabar Municipal Garden’ which will serve as the 2017 Calabar Carnival village, the News Agency…

View More Gov. Ayade inaugurates 2017 Calabar carnival village
Business News Technology

KPMG to train 10 data science Nigeria hackathon participants

National Ambassador.December 1, 2017 KPMG

KPMG, leading advisory services provider has offered internship to the top ten participants of the recently concluded Data Science Nigeria (DSN) Bootcamp hackathon. Some of…

View More KPMG to train 10 data science Nigeria hackathon participants
Business News

Oil prices rise as OPEC extends cuts to 2018

National Ambassador.December 1, 2017 Ibe KachikwuMr Khalid al-FalihOil pricesOPEC

Oil prices are expected to rise further as Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC extends the production cut deal to Dec. 2018. Saudi…

View More Oil prices rise as OPEC extends cuts to 2018
Business News

Enyimba Industrial Zone will Create one million Jobs – Ikpeazu

National Ambassador.November 30, 2017 AriariaDr Okezie IkpeazuEnyimba

Abia State Governor, Dr Okezie Ikpeazu, has said that the proposed Enyimba Industrial Free Trade Zone, which is Public-private partnership (PPP) project between Abia State…

View More Enyimba Industrial Zone will Create one million Jobs – Ikpeazu
Business News

Anambra to spend N70m on debt servicing monthly

National Ambassador.November 30, 2017 Anambra government newsWillie Obiano

The Anambra government has said it will spend between N60 and N70 million monthly to service its domestic and external debts. Mr Mark Okoye, Commissioner…

View More Anambra to spend N70m on debt servicing monthly
Business News

Seven-Up gets takeover offer from majority shareholder

National Ambassador.November 30, 2017 Affleka SANigerian Stock ExchangeSeven-UP

Affleka SA, majority shareholder in Seven-Up Bottling Company, has offered shareholders of the company N112 to buy all ordinary shares owned by other shareholders. According…

View More Seven-Up gets takeover offer from majority shareholder
Business News Politics

Ayade presents highest ever N1.3trn budget for 2018

National Ambassador.November 30, 2017 2018 BudgetBen AyadeCross River governor

Ben Ayade, Cross River governor, has presented a budget of N1.3 trillion for the 2018 fiscal year to the state house of assembly. The budget…

View More Ayade presents highest ever N1.3trn budget for 2018
Business News

Nigeria raises $3b at international capital market — Adeosun

National Ambassador.November 29, 2017 Kemi Adeosun

The Minister of Finance, Mrs Kemi Adeosun says Nigeria has raised three billion dollars at the international capital market. She made this known in a…

View More Nigeria raises $3b at international capital market — Adeosun
Business News

No Grammy for Wizkid, Jay Z leads nominations

National Ambassador.November 29, 2017 Jay Zwizkid

No Nigerian artiste made the Grammy nomination list Tuesday. Not Wizkid who made it last year via a collabo with Drake. And not Davido, whose…

View More No Grammy for Wizkid, Jay Z leads nominations
Business News

Bitcoin breaks $10,000 mark

National Ambassador.November 29, 2017 Bitcoin

Virtual currency Bitcoin continued its stratospheric rise on Wednesday, breaking through the $10,000 barrier for the first, a record of over 900 per cent gain…

View More Bitcoin breaks $10,000 mark
Business News

BEDC commissions Asaba substation to boost supply, Ranked best Disco in Q3, 2017

National Ambassador.November 28, 2017 Babatunde FasholaBEDCMrs Funke Osibodu

In efforts to improve customer service, Benin Electricity Distribution (BEDC) Plc, has announced the successful completion and commissioning of a new 2X15MVA 33/11Kv Injection substation,…

View More BEDC commissions Asaba substation to boost supply, Ranked best Disco in Q3, 2017
Business News

2.3m daily crude oil production is achievable

National Ambassador.November 28, 2017 Bala Wunticrude oil projection for the 2018

The Nigerian National Petroleum Corporation (NNPC) has said the federal government’s 2.3 million barrels per day (bpd) crude oil projection for the 2018 budget is…

View More 2.3m daily crude oil production is achievable
Business News

Luxury cars, alcohol to attract special taxes

National Ambassador.November 27, 2017 alcoholspecial taxes. CBN

Those with penchant for luxury products may have to have a rethink as they may soon be paying more for their high taste. The federal…

View More Luxury cars, alcohol to attract special taxes
Business News

NNPC, FAAC to parley on Monday over discrepancies

National Ambassador.November 26, 2017 FAACNNPC

The Nigerian National Petroleum Corporation (NNPC) and the Federation Accounts Allocation Committee (FAAC) will tomorrow meet to reconcile the discrepancies in data submitted at its…

View More NNPC, FAAC to parley on Monday over discrepancies
Business Entertainment News

Tewa Onasanya : Women are great for the economy

National Ambassador.November 25, 2017 Tewa Onasanya

‘Women Are Great For The Economy, If They’re Succeeding In Any Sector, We Want To Shine The Light On Them To Inspire Others’ Tewa Onasanya…

View More Tewa Onasanya : Women are great for the economy
Business News Politics

Gov. Udom presents N651bn budget for 2018 fiscal year

National Ambassador.November 24, 2017 Akwa Ibom newsEmmanuel Udom

Lovina Emole, Uyo Governor Udom Emmanuel of Akwa Ibom State has on Friday in Uyo presented a total budget outlay of N651 billion for the…

View More Gov. Udom presents N651bn budget for 2018 fiscal year
Business News Society

States pull out of FAAC, query ‘discrepancies’ in account

National Ambassador.November 24, 2017 FAACKemi AdeosunMinistry of Finance

The 36 states of the federation on Thursday failed to hold the monthly federal account allocation committee (FAAC) meeting due to alleged discrepancies in federation…

View More States pull out of FAAC, query ‘discrepancies’ in account
Business Metro/Crime News

FG brings back toll gates

National Ambassador.November 24, 2017 Babatunde FasholaFERMAToll gates

The Federal Government has concluded arrangement to reintroduce toll gates across the country, according to the Minister of Power, Works and Housing, Babatunde Fashola. The…

View More FG brings back toll gates
Business News

Osinbajo inaugurates cashew factory

National Ambassador.November 22, 2017 Bank of IndustryCashew Processing factory

Vice President Yemi Osinbajo has inaugurated a Cashew Processing factory, FoodPro Nigeria Limited, in Ilorin. Osinbajo also inspected the factory on Tuesday after the inauguration,…

View More Osinbajo inaugurates cashew factory
Business News

Nigeria loses N1trn annually to cargo diversion

National Ambassador.November 21, 2017 CargoNigeria newsNPA

The Shippers’ Association Lagos State (SALS) on Tuesday said the country lost N1 trillion annually through cargo diversion to ports in neighbouring countries due to…

View More Nigeria loses N1trn annually to cargo diversion
Business News

Dangote $500M Congo cement plant for inauguration Thursday

National Ambassador.November 21, 2017 CongoDangote cement

Dangote Cement will on Thursday in Congo inaugurate its 1.5 million metric tonnes per annum capacity Cement Plant valued at 500 million dollars. This was…

View More Dangote $500M Congo cement plant for inauguration Thursday
Business News

Afreximbank secures $150 million to boost African trade

National Ambassador.November 20, 2017 Afreximbank

The African Export-Import Bank (Afreximbank) has successfully secured another facility, but its first ever Samurai Syndicated Term Loan Facility, with equivalent of $150 million. It…

View More Afreximbank secures $150 million to boost African trade
Business News

BoI issues ultimatum for pending loan applications

National Ambassador.November 17, 2017 Bank of Industry

In a bid to reduce its turnaround time for loan applications, the Bank of Industry (BoI) has issued a 30-day ultimatum to its customers to…

View More BoI issues ultimatum for pending loan applications
Business News

IMF raises fresh concerns over Nigeria’s public debts, others’

National Ambassador.November 17, 2017 CBNIMF

From the International Monetary Fund (IMF) yesterday again came a warning on Nigeria and two other African Nations’ rising public debt stock, projecting that a…

View More IMF raises fresh concerns over Nigeria’s public debts, others’

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