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Nigeria’s oil production to start declining after 2020 – Report

  Nigeria’s oil production is expected to start declining after 2020, despite significant potential for growth, a new report has said. Analysts at Afrinvest Research, in “The Nigerian Oil and Gas Upstream Report’ released this week, said deepwater exploration had slowed considerably due to the fiscal uncertainty caused by the failure to

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SEC shuts down Dantata, others in Kano over illegal activities

    The Securities and Exchange Commission (SEC), has sealed off the premises of Dantata Success and Profitable Company, Kano, for engaging in illegal capital market activities. The commission in a statement by Mrs Efe Ebelo, its acting Head, Corporate Communications, said that the company was shut down for carrying out investment operations

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FG signs MoU for production of international passports in Nigeria

  The federal government of Nigeria, FG, has signed a memorandum of understanding, MoU for the production of international passports in Nigeria. The Minister of Interior, Abdulrahman Dambazau, signed the agreement with Iris Smarts Technology Limited and the Nigeria Security, Printing and Minting PLC to begin the production of international passports in

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NDIC shutdowns Fortis Microfinance Bank, calls on depositors to visit bank for verification

  The Nigeria Deposit Insurance Corporation (NDIC), has announced the official liquidation of Fortis Microfinance Bank and its branches nationwide. The corporation made this known in a press statement posted on its official website. It assured insured depositors of the repayment of their monies. The statement reads: “The Nigeria Deposit Insurance Corporation (NDIC), the

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