Business & Finance

By Moses Patience Chat The Nigerian Content Development and Monitoring Board (NCDMB) in collaboration with the Federal Inland Revenue Service (FIRS) has organized a one-day seminar that is aimed at creating awareness on the…
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A pair of South African brothers who ran a cryptocurrency investment platform called Africypt have gone into hiding along with investors funds worth $3.6 billion in Bitcoin. What happened? Two brothers named Ameer Cajee who acted as…
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The Minister of Transportation, Rotimi Amaechi disclosed that the government paid a private firm $67 million to protect the country’s waterways. Amaechi noted that prior to the Buhari-led administration, the country’s waterways were…
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Shell, Thursday, said Nigeria emerged the highest recipient of its social investment spending across the world in 2019, stating that its companies operating in Nigeria — Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration…
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Oilserv Group, an oil and gas company in Nigeria has partnered with Innoson Vehicle Motors (IVM) company with the aim of supporting local production of vehicles to be used in the oil and gas operations. The Chairman/ Group CEO of…
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Samsung Heavy Industries (SHI) has said it is developing innovative methods that would assist in modernising shipbuilding in Nigeria. The company, in a statement, said it has commenced thorough research across multiple centres in Geoje,…
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Nigerian banks’ credit profiles face severe risks resulting from the slump in oil price as well as the disruptions in operating environment due to the Coronavirus (COVID-19) pandemic, Fitch Ratings has said. The global fiscal and…
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-By Said Abubakar In keeping with its promise to provide some palliative measures in support of businesses that might have been hit by the outbreak of the Coronavirus pandemic, the Central Bank of Nigeria (CBN) has released guidelines…
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The analysis and investment firm CardinalStone, based in Nigeria, invited investors to sell the shares of Total Nigeria from their portfolios. The main argument put forward is that this company listed on the Lagos financial market…
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Billionaire oil mogul, Abdulwasiu Olatunde Sowami, is hitting right the bull’s eyes. The self-effacing businessman has completed the head-to-toe makeover of Forte Oil Plc, his recently acquired energy company. On Tuesday, Forte Oil…
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