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Business & Economy

FEC approves development of $2.59bn Badagry deep seaport

The federal executive council meeting presided over by President Muhammadu Buhari has approved $2.59 billion for the development of Badagry Seaport under a Private-Public-Partnership...

Ibadan-based robotic engineer develops drone to detect kidnappers and terrorists hideouts

If the claims of Dr. Olusola Ayoola, a robotic engineer and founder of Robotic and Artificial Intelligence Nigeria (RAIN) is anything to go by,...

Oil theft: Shell to combat oil theft with acquisition of

Dutch oil giant, Shell Petroleum Development Company (SPDC) says it will acquire drones to monitor its pipelines and wellheads in the Niger Delta region. Igo...

I’m committed to your success, Obasanjo assures new Olowu

The Balogun of Owu in Abeokuta, Ogun State, Chief Olusegun Obasanjo has assured his unalloyed support for the new The new Olowu of Owu...

New advertising law will attract investors to the industry, Lai Muhammed

The Minister of Information and Culture, Alhaji Lai Mohammed has explained that the recent signing of Advertising Regulatory Council of Nigeria (ARCON) into law...

Dangote Industries announces completion of N187.58bn bond issuance

Dangote Industries Plc has announced the successful completion of a N187.58 billion Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured Bond...

Reps consider bill to bar CBN governor from partisan politics

A bill seeking to bar the governor of the Central Bank of Nigeria (CBN) from getting involved in partisan politics has passed second reading...

FirstBank partners Eloy Foundation to promote female entrepreneurs

Nigeria's financial power house, First Bank of Nigeria Limited (FirstBank) has partnered Eloy Foundation to support female entrepreneurs on their journey to building sustainable...

FBN Holdings to acquire Access Bank’s pension fund custodian business

FBN Holdings Plc says its subsidiary, First Pension Custodian Limited, has entered into an agreement to purchase Access Bank Plc’s entire share capital in...

Value of the Naira takes a plunge, trades N600/$1 at parallel market

While the Naira exchange for N415.75 at the Importers and Exporters (I&E) window, it traded N600/1USD at the parallel market The Cable reports that the...

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