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Category: Business

Business News

13 Fidelity Bank customers win N15m cash prizes

National Ambassador.November 17, 2017 Fidelity bank

Thirteen customers of Fidelity Bank Plc on Thursday won N15 million in its “Get Alert in Million’’ Promo Reloaded. The News Agency of Nigeria (NAN)…

View More 13 Fidelity Bank customers win N15m cash prizes
Business News

Court revokes interim forfeiture order on accounts without BVN

National Ambassador.November 16, 2017 Bank Verification NumberFederal govt

The interim forfeiture order placed on bank accounts without bank verification number (BVN) has been revoked after the federal high court in Abuja modified the…

View More Court revokes interim forfeiture order on accounts without BVN
Business News

Ghana rolls out $13b budget for 2018

National Ambassador.November 16, 2017 GhanaInternational Monetary Fund

The Ghanaian government plans to spend 13.9 billion dollars (62 billion Ghana cedis) in the 2018 fiscal year, the country’s finance minister said on Wednesday.…

View More Ghana rolls out $13b budget for 2018
Business News Politics

Osinbajo tasks D-8 countries on peace, justice

National Ambassador.November 15, 2017 D-8 countriesOsibanjo

Nigerian Vice President Yemi Osinbajo  says the D-8 countries must remain a potent force for peace and justice at all times to be able to…

View More Osinbajo tasks D-8 countries on peace, justice
Business News

Stakeholders recommend trade instruments to improve support for SMEs

National Ambassador.November 15, 2017 Peter MulroySME financing

Worried by the slow-paced growth of small and medium enterprises in Nigeria and other African countries, stakeholders have argued in favour of adoption of new…

View More Stakeholders recommend trade instruments to improve support for SMEs
Business News

Indomie buys Dangote plants in Ikorodu, Calabar

National Ambassador.November 15, 2017 Dangote Flour MillsDangote NoodlesIndomie

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines in Ikorodu and Calabar,  to rival pasta maker De…

View More Indomie buys Dangote plants in Ikorodu, Calabar
Business News

Nigeria’s debts on the rise N20 trillion, still counting

National Ambassador.November 14, 2017 Debt Management Office

Data made available by the Debt Management Office (DMO) on Tuesday showed that Nigeria’s debt stock has hit N20 trillion as at September 30, 2017.…

View More Nigeria’s debts on the rise N20 trillion, still counting
Business News

Mambilla power plant: 40 years after, FG signs $5.79bn contract

National Ambassador.November 14, 2017 Mambilla hydro powerTaraba State

The federal government has signed the contract for the Mambilla hydro power project. The project was first designed 40 years ago and is expected to…

View More Mambilla power plant: 40 years after, FG signs $5.79bn contract
Business News Politics

MY PACT ON ECONOMIC RECOVERY IN NIGERIA

National Ambassador.November 14, 2017 Chukwudi-Oracle NwalaECONOMIC RECOVERY

Chukwudi-Oracle Nwala Economic recession is a phase in the business cycle defined as the periodic but irregular up-and-down movements in economic activity measured by fluctuations…

View More MY PACT ON ECONOMIC RECOVERY IN NIGERIA
Business News

Pound sinks on fears over May’s future

National Ambassador.November 13, 2017 Britainmaypound

The British pound sank Monday on uncertainty surrounding Prime Minister Theresa May’s future, but the London stock market was buoyed by the sliding currency, dealers…

View More Pound sinks on fears over May’s future
Business News Politics

Katsina Gov presents N211.4bn appropriation for 2018

National Ambassador.November 13, 2017 Beloo MasariKatsina State

Gov. Aminu Masari of Katsina State on Monday presented the 2018 appropriation bill of N211.4 billion at the State House of Assembly. Masari, who presented…

View More Katsina Gov presents N211.4bn appropriation for 2018
Business News Politics

IBB extols Gov Ikpeazu, describe Abia as an important State

National Ambassador.November 12, 2017 Abia StateGov. IkpeazuIBB

Former Military President, General Ibrahim Babangida, has commended the Abia State Governor, Dr Okezie Ikpeazu, for his efforts in repositioning Abia State for greatness. According…

View More IBB extols Gov Ikpeazu, describe Abia as an important State
Business News

Why probe is yet to take off one month after $25B NNPC Contract

National Ambassador.November 12, 2017 EFCC< NNPCKachikwuMaikanti BaruMohammadu Buhari

Thirty-eight days after the Senate resolved to investigate the alleged abuse of due process in the award of contracts worth $25b by the Nigerian National…

View More Why probe is yet to take off one month after $25B NNPC Contract
Business News Technology

NNPC promise to promote home-grown technology

National Ambassador.November 11, 2017 home-grown technologyNNPC news

The Nigerian National Petroleum Corporation (NNPC) has pledged to promote the development and commercialisation of home-grown technology in collaboration with the Nigerian Content Development and…

View More NNPC promise to promote home-grown technology
Business Metro/Crime News

Fresh recession inherent over Niger Delta militants’ attacks

National Ambassador.November 11, 2017 Niger Delta AvengersRecession

As tension mounts in the Niger Delta over the move by militants to resume attacks on oil facilities, there is the fear that the country…

View More Fresh recession inherent over Niger Delta militants’ attacks
Business News Politics

Fashola refutes allegation of $350m fraud

National Ambassador.November 10, 2017 $350m fraudBabatunde FasholaOriginal Equipment Manufacturer

The Minster of Power, Works and Housing, Mr Babatunde Fashola has said that there was no fact in the allegation of diversion of 350 million…

View More Fashola refutes allegation of $350m fraud
Business News

Transition from firewood to gas to generate N10bn revenue by 2019-NLPGA

National Ambassador.November 10, 2017 Nigerian Liquefied Petroleum Gas Association

Over $10billion will be generated for the economy from the switch of 50 per cent kerosene and firewood users by 2019, according to the Nigerian…

View More Transition from firewood to gas to generate N10bn revenue by 2019-NLPGA
Business News

China buys $5bn worth soybeans from U.S.

National Ambassador.November 9, 2017 China newsPresident JingpingUS

The United States soybean industry has signed two letters of intent with Chinese importers covering the five billion dollar purchases by the latter of an…

View More China buys $5bn worth soybeans from U.S.
Business News

AFREXIM Bank to develop two industrial parks in Nigeria

National Ambassador.November 9, 2017 AFREXIMBenedict Oramah

African Export Import Bank (AFREXIM), has concluded plans with the Nigerian Government to develop two industrial parks in the country in 2018, for the processing…

View More AFREXIM Bank to develop two industrial parks in Nigeria
Business News Society

Twitter move up to 280-character tweets

National Ambassador.November 8, 2017 Twitter

(Reuters/NAN) Microblogging website Twitter Inc (TWTR.N), known for its iconic 140-character tweets, said it would roll out 280- character tweets to users across the world,…

View More Twitter move up to 280-character tweets
Business News Politics

HOSCON wants FG to release N98bn gas flare penalty money

National Ambassador.November 7, 2017 HOSCONNiger Deltanigera news

Th Host Communities of Nigeria Producing Oil and Gas (HOSCON), has called on the Federal Government to release the N98 billion gas flare penalty money…

View More HOSCON wants FG to release N98bn gas flare penalty money
Business News Politics

Buhari opens e-Nigeria confab

National Ambassador.November 7, 2017 e-Nigeria confab

President Muhammadu Buhari on Tuesday declared open, a three-day e-Nigeria technology Conference, at the International Conference Centre Abuja. Buhari and participants at the e-Nigeria Conferenec…

View More Buhari opens e-Nigeria confab
Business News

Ethiopian Airlines lands B787-9 in Abuja on Tuesday

National Ambassador.November 6, 2017 businessEthiopian Airlines

Ethiopian Airlines, Africa’s largest airline group, has announced that it would bring its newest Boeing 787-9 plane tagged the “Big Brother“ to Abuja on Tuesday.…

View More Ethiopian Airlines lands B787-9 in Abuja on Tuesday
Business News

Why closed NERFUND-FG

National Ambassador.November 6, 2017 BOABOICBNKemi Adeosun newsNERFUND

The Permanent Secretary, Federal Ministry of Finance, Mr Mahmoud Isa-Dutse said the closure of the National Economic Reconstruction Fund (NERFUND) was based on the recommendations…

View More Why closed NERFUND-FG

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