Business News

Promasidor Wins NIPR ‘Best Company in Education’ Award

Victoria Hanson   The efforts of Promasidor Nigeria Limited in elevating the standard of education through its Cowbellpedia Mathematics Television Quiz Show initiative has earned it the ‘Best Company in Education’ in the 2016 Lagos PR Industry Gala and Awards (LaPRIGA) organised by the Nigerian Institute of Public Relations (NIPR), Lagos Chapter recently.

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NSE: Forte Oil listed as worst performing stock in 2016

By Abimbola Fashakin, Lagos Shares of Forte Oil Plc. has emerged the worst performing stock in 2016 in percentage terms having dropped by 74.42 per cent.

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Oil price hits 18 month high, now $58.37 per barrel

By Abimbola Fashakin, Lagos with agency reports Oil prices across the major trading points hit 18-month highs on Tuesday, selling at $58.37 in the first day of the year.

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Nigeria records improvement in global aviation safety rating

By Abimbola Fashakin, Lagos Nigeria has stepped up its global civil aviation safety rating by attaining level three in State Safety Programme ( SSP) implementation process.

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Borehole drillers to increase fees over hike in exchange rates

By Abimbola Fashakin, Lagos Members of the Association of Water Drillers and Rig-owners Practitioners (AWDROP) have served a notice of a possible hike in fees being paid by patrons across the country.

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BoI to support small scale enterprises with N310b, says MD

By Abimbola Fashakin, Lagos The Acting Managing Director of the Bank of Industry (BoI), Mr. Waheed Olagunju has stated the resolve of the bank to grow the small and medium-scale enterprises (SMEs) in the country with the sum of N310 billion.

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Chevron appoints Jeff Ewing as CEO for Nigerian operations

By Abimbola Fashakin, Lagos Chevron Nigeria Limited (CNL) has appointed Mr Jeffrey Ewing to the position of Chairman and Managing Director of its operations in Nigeria, effective January 1, 2017.

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Lagos secures N42b bond for infrastructure development

By Joshua Olalekan, Lagos Lagos State Government has closed its N47billion being 16.5 per cent 2023 Series 1 Bond Issuance under the N500billion Third Debt Issuance Programme targeted at improving the physical and social infrastructure base of the State.

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NNPC targets more revenue from gas in 2017, says GMD

By Abimbola Fashakin, Lagos The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has reiterated the resolve of the organization to generate more revenue for Nigeria from gas.

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Naira weakens to N490/$ at parallel market

By Abimbola Fashakin, Lagos The nation’s currency, the Naira has weakened to N490 to a dollar at the parallel market after appreciating to N485 to a dollar during the Christmas break.

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