Business

FG to reduce petrol importation to 60%

Kachikwu expressed government commitment to the plan to reduce importation of petroleum products from the present 95 percent to 60 percent by 2018. The Minister of State for Petroleum Resources, … Continue reading

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EU fines Facebook €110m over misleading info in WhatsApp takeover

The European Commission on Thursday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp, imposing its biggest … Continue reading

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World’s most expensive earrings cost $57m

A  pair of diamond earrings has been sold at auction in Geneva for a record-breaking price of $57.4m (£44.4m). The pear-shaped jewels, nicknamed Apollo and Artemis, are almost 16 carats … Continue reading

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NNPC to resume oil exploration in Borno as peace returns to the State

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Alhaji Maikanti Baru, has said the corporation has concluded arrangement to mobilize heavy and sophisticated equipment to resume oil … Continue reading

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Nigeria: Inflation drops from 17.26% in March to 17.24% in the month of April

The National Bureau of Statistics on Tuesday said the Consumer Price Index, which measures inflation dropped from 17.26 per cent in March to 17.24 per cent in the month of … Continue reading

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Sierra Leone government rejects $7.8 million bid for an egg-sized diamond stone

The government of Sierra Leone has rejected a $7.8 million bid, about N2.5 billion  for a rough, egg-sized diamond stone, one of the biggest ever found,  saying it failed to … Continue reading

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100 countries reports cyber attack, blocked in US

About 100 countries have reported a cyber attack that  has infected tens of thousands of computers and especially disrupted Britain’s health system and global shipper FedEx. Cyber extortionists tricked victims … Continue reading

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Keystone Bank to give a face-lift to its various branches nationwide

On the heels of the announcement of the successful sale of Keystone Bank Limited and the promise of the new investors to take active steps towards turning around its operations … Continue reading

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Italian oil giant, Agip to build a new refinery in the country – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Tuesday disclosed that the Federal Government and Italian oil giant, Agip, had reached an agreement for the firm to … Continue reading

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Japanese auto firm worried over Macron win

French President-elect Emmanuel Macron has a rocky history with Carlos Ghosn, chief executive of Renault SA and chairman of two Japanese automakers, having clashed over government involvement in the management … Continue reading

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