Economy

Nigeria, at the weekend, recorded revenue surge with $29.44 excess earning on every barrel of crude oil sold by the country. This, checks showed, came as prices of crude oil, biggest revenue earner for Nigeria, rallied at $74.44 per…
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The National Insurance Commission (NAICOM) has unveiled its 2021-2023 strategic plans for efficient service delivery, protection of trust, and confidence in the industry. NAICOM Head, Corporate Strategy and Special Duties Department, Mr…
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By Teddy Nwanunobi (with agency report) Vice President Yemi Osinbajo has declared that Nigeria's dependence on conditions that are driven by the crude oil for too long is one that is not good for the nation. Osinbajo spoke at the…
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By Hilary Ojeh The UNICORN Incubation Campus, reputed to be Africa's largest incubation campus, was commissioned by the Honourable Minister of State for Petroleum Resources Chief Timipre Sylva on Tuesday in Lagos.The mission is to…
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...Higher, compared with what was realised in the same period in 2020 ...Positive difference of N226.1b The Nigeria Customs Service (NCS) has generated N799bn revenue between January and May 2021. The Public Relations Officer of…
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By Teddy Nwanunobi The Federal Government disclosed that it is making serious efforts to ensure Nigeria is prepared for a post-crude oil era. Minister of Science and Technology, Ogbonnaya Onu, said this in Abuja on Thursday at the…
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A leading energy company, Shell, Thursday, inaugurated a multi-billion-naira Rivers Cassava Processing Company Limited built in partnership with the Rivers State Government, Vieux Manioc BV of the Netherlands, and the Embassy of The…
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Energy experts have held that the N250 billion gas expansion fund set up by the Central Bank of Nigeria (CBN) would push the consumption of the Liquefied Petroleum Gas, LPG, in the country to over five million metric tonnes, mmt, by the…
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Shareholders of 11 Plc have approved payment of N3.06 billion as cash dividend for the 2020 business year. At the company’s 43rd Annual General Meeting (AGM) at Transcorp Hilton, Abuja, shareholders approved a final dividend of N8.50…
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The Minister of State for Petroleum Resources, Timipre Sylva, has revealed that the Department of Petroleum Resources, DPR, rescued Nigeria from a financial crisis by remitting funds to the Federation Account Allocation Committee, FAAC, in…
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