By COMFORT NJIONYE The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday left the Monetary Policy Rate (MPR) unchanged at 14 per cent. The Central Bank of Nigerian Governor, Mr Godwin Emefiele has announced the decision of the monetary policy committee at the end of a two-day
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-Comfort Njionye Anglo-Dutch energy giant Shell has disclosed to newsmen that it has shut down a key crude supply pipeline in Nigeria's restive south because a leak was discovered. The Shell Petroleum Development Corporation of Nigeria Ltd (SPDC) a subsidiary of Shell said the Trans Niger Pipeline (TNP) was shut on July
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By COMFORT NJIONYE World oil prices are rising on July 24, amid hopes for a decision to include Nigeria and Libya in a production-cap deal orchestrated by the OPEC. The price for September futures of Brent oil has increased by 0.85 percent to $48.47 per barrel as of 7:29 a.m. EDT (UTC-4). The
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By ORU LEONARD The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, has listed what he termed game changers that will make Ports on the African continent to be globally competitive to include investment in world class infrastructure, strengthen Regulatory Frameworks:, Enhance Institutional Cooperation, implementation of one-stop
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By CHRIS EKEKE Justice Chuka Obiozor of the Federal High Court in Lagos on Wednesday ordered the temporary forfeiture of a property located at Banana Island, Lagos bought for $37.5million in 2013 by a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke to federal government. Justice Obiozor made the order that the property, designated
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By COMFORT NJIONYE The sixth edition of the coveted Innovation Prize for Africa (IPA) culminated with a bang as the African Innovation Foundation (AIF) awarded three more African innovators for their incredible innovations. Out of over 2500 applications, 10 nominees were selected, Aly El-Shafei of Egypt emerged as the Grand Prize winner,
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By COMFORT NJIONYE The National Insurance Commission (NAICOM) and the National Pension Commission (PenCom) on behalf of the Federal Government have released a joint agreement that will modulate Annuity business in Nigeria. Annuity Policy is a financial institution that gives periodic payments to a person who has previously made periodic payments to the
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By CHARLES UGOCHUKWU CHARLES Google Maps has released a new update to the Android version of its hugely-successful navigation software. In addition to real-time travel time information, Google Maps will now let you know when the best time to leave for your destination. In this latest update, Google map will bring out a
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-Agency reports The Nigerian Communications Commission says the country internet users hit 91million, increasing from 90,124,428 in April to 91,565,010 in May, an increase of 1,440,582. The telecommunications industry regulator made the disclosure in its Monthly Internet Subscribers Data obtained by the News Agency of Nigeria (NAN) on Saturday in Lagos. The data
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-Anietie Udobit,Uyo (UYO)- Akwa Ibom State government is to test-run a 24 hour electricity supply in five local councils of the state when work on a new injection sub-station at Ekim, Mkpat Enin Local Government Areas is completed by the end of the year. Governor Udom Emmanuel made this known at the
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