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Ohaneze Ndigbo expresses shock over postponement of elections
  The Ohaneze Ndigbo,  apex Igbo socio-cultural organisation has expressed shock and disappointment over postponement of the Feb. 16 presidential and National Assembly elections. The organisation however, said that it would not draw conclusions on the matter yet until after the stakeholders meeting slated by the Independent National Electoral Commission (INEC) to clarify the circumstances. The …
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INEC postpones elections, blaming logistic and operational problems
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PDP calls on INEC chairman to resign, says elections’ postponment is Buhari’s agenda to cling to power
    National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, has said that shoddy arrangement for the 2019 election by the Independent National Electoral Commission (INEC) is a deliberate pre-determined agenda of President Muhammadu Buhari to cling on to power “even when it is obvious to him that Nigerians want him out”. …
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Elections: Buhari returns to Abuja on Saturday following postponement
  Following the postponement of the general elections by the Independent National Electoral Commission (INEC), President Muhammadu Buhari will on Saturday return to Abuja from Daura, his home town where he was expected to vote before the change of dates for the polls. He was scheduled to exercise his voting right on Saturday in Daura, …
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Sustain monetary policy to further curb inflation, Don urges CBN
A Don, Dr Austine Nwaeze, has urged the apex bank to sustain its current monetary policy to curb the nation’s inflation rate. Nwaeze, who teaches Economics at the Pan Atlantic University, Lekki, Lagos said this in an interview  in Lagos on Friday. The lecturer, who was reacting to the inflation figures released by the National …
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MTN Chief Executive Deported In Uganda Over Security Concerns
  Uganda’s security agencies and immigration department have deported the chief executive of the largest telecommunications company in the country over security reasons. MTN Uganda on Friday confirmed the deportation of Wim Vanhelleputte. “MTN has not been notified of the grounds for the deportation,” the company however tweeted. Vanhelleputte, a Belgian national, was deported to …
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OTC Distinguished Achievement Award Recipients Named for the OTC Golden Anniversary Gala Dinner 2019
Honorees to be Recognized 5 May at the Downtown Houston Marriott Marquis  The 2019 Offshore Technology Conference (OTC) will recognize Carlos Mastrangelo with the Distinguished Achievement Award for Individuals and the ExxonMobil-operated Hebron Offshore Project with the OTC Distinguished Achievement Award for Companies, Organizations, and Institutions. Recipients will be awarded at the 2019 OTC Golden …
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World Bank and IMF Officials Visit Morocco to Prepare 2021 Annual Meetings in Marrakech
A high-level team from the World Bank Group (WBG) and International Monetary Fund (IMF) visited Marrakech and Rabat from February 14–15 for discussions with the Moroccan Government on preparations for the WBG/IMF Annual Meetings to be hosted by the country in October 2021. During their visit, the senior officials from both institutions met with the …
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Onnoghen Pleads Not Guilty Over Non-asset Declaration Allegations
  Suspended Chief Justice of Nigeria (CJN),  Justice Walter Onnoghen,  on Friday pleaded not guilty to the six-count charge bordering non-assets declaration brought against him at the Code of Conduct Tribunal (CCT). Onnoghen appeared at the tribunal following Feb.13 bench warrant issued for his arrest. The charges were offshoot of a petition filed by the …
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Nigeria’s Headline Inflation Down 0.07 % In January
  Nigeria’s headline inflation rate measured by the Consumer Price Index (CPI) was down by 0.07 per cent in January, 2018, the National Bureau of Statistics (NBS) announced in its CPI. The bureau made the announcement in its CPI and Inflation report for January, 2019 released on Friday in Abuja. The bureau said the CPI …
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Zimbabwe’s Inflation Hits 56.9%
  Zimbabwe’s inflation accelerated to a new 10-year high of 56.9 per cent year-on-year in January, from 42.09 per cent in December, the country’s statistics agency Zimstats said on Friday. Zimstats said in Harare that the height was propelled by increases in the price of basic goods and beer. On a monthly basis, prices increased …
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Ghana: Insurance recapitalization generates opposition
As expected, the new minimum capital level of GHc50 million announced recently by Ghana’s insurance industry regulator, the National Insurance Commission, is already creating fierce controversy among industry operators. However, the source of the latest opposition and its nature may have taken regulators by surprise, and could possibly trigger an unlikely rethink. The initial reaction …
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Nigeria’s capital importation up by 37.49% in 2018 — NBS
  The National Bureau of Statistics (NBS) said the total value of capital importation into Nigeria stood at 16.81 billion dollars in 2018 compared to 12.22 billion dollars capital imported in 2017. The bureau said the figures represented 37.49 per cent growth year-on-year. The NBS disclosed this in Nigerian Capital Importation for Fourth Quarter and …
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The five Economic Tunes that would decide the Presidential Election, by Babajide Ogunsanwo
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Chevron signs new gas agreement with GS Caltex
Chevron U.S.A. Inc, a wholly owned subsidiary of Chevron Corp, announced the signing of a sales and purchase agreement with GS Caltex Corporation for the delivery of liquefied natural gas (LNG) to South Korea from Chevron’s global supply portfolio. As a joint venture between Chevron and GS Energy, GS Caltex has signed a long-term agreement and will begin receiving LNG in October 2019. …
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Google, UBA Collaborate To Provide Free Wi-Fi To Customers
PRESS RELEASE—United Bank for Africa (UBA) Plc has collaborated with Google and ISP partner to launch Google Station in 11 key UBA branches in Lagos State as part of plans to roll out 200 stations in the country. Google Station, a platform for providing free, high-speed Wi-Fi hotspots in public places, began in Lagos last …
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FG DENIES PLANS TO STOP PAYMENT OF SHORTFALLS TO GENCOS
        Following a report in a national daily newspaper, the Ministry of Power, Works and Housing Wednesday denied that the Federal Government has stopped the payment of shortfalls to Electricity Generation Companies (GenCos), describing the report as both false and unfounded. The report, contained in the Wednesday edition of Punch Online media, …
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Ghana Inflation Slows To 9%
Ghana’s inflation rate dropped to a record low in January, giving the central bank more room to continue loosening policy. Consumer prices increased 9 percent from a year earlier, compared with 9.4 percent in December, David Kombat, the acting government statistician at the Ghana Statistical Service, told reporters Wednesday in the capital, Accra. Prices rose …
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Oil supply to swamp demand in 2019 despite output cuts – IEA
  The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday. The IEA left its demand growth forecast for 2019 unchanged from its last report in …
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Crude Oil Shipment: Court adjourns FG’s suit against Chevron, Total until April 30
  A Federal High Court Lagos, on Wednesday, adjourned until April 30,, the 69 million dollars suit filed by the Federal Government (FG) of Nigeria against Chevron Petroleum Nigeria Ltd, seeking to recover Oil Revenue. The FG filed the suit against Chevron Nigeria Ltd, and Chevron Petroleum Nigeria Ltd, as first and second defendants respectively. …
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Nigeria’s services sector grows 1.83 % in 2018
  The National Bureau of Statistics (NBS), said the services sector of the economy measured by the Gross Domestic Product (GDP) grew by 1.83 per cent in 2018. The NBS disclosed this in its “GDP Report for the Fourth and Full Year 2018’’ posted on its website. The bureau said the sector had recorded positive …
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Shell, partners sign 300 million cubic feet gas FID
  The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision agreement for a 300 million cubic feet of gas on Wednesday in Abuja at a ceremony witnessed by the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz and the Managing Director …
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SCHNEIDER Electric leads technology conversation at WAIPEC
L- R: Christophe Begat, Managing Director Schneider Electric West Africa; Nabil Djouhri, General Manager Schneider Electric West Africa; Dr. Ibilola Amao, Principal Consultant Lonadek Inc, United Kingdom; Abdul-Malik Halilu General Manager Strategy (PRS) Nigerian Content Development and Monitoring Board (NDMB), Federal Republic of Nigeria; Mr Banigbe Ibitayo Bankole, Lead Solutions Architect, Schneider Electric West Africa.
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Nigeria’s GDP increases as non-oil sector grows by 2.70% — NBS
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Ghana:Insurance package for tourist attractions generates frenzy
Nzulezu village on stilt is one tourist attraction that requires insurance     Stakeholders in the tourism industry are strongly advocating that all tourist attractions across the country have an insurance package, in order to secure the lives of patrons and revelers. A stakeholder consultative meeting on a draft legislative instrument (L.I) on tourism attractions …
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Ecobank Assures Customers of a Memorable Valentine
February 12, 2019/Ecobank Nigeria Ecobank Nigeria has stated that its innovative digital products are available to make this Valentine season an exciting one for its customers.  The bank’s customers are being offered mouth-watering  deals and offers when they pay with EcobankPay at designated merchant locations in Aba, Lagos, Abuja, Port Harcourt . Executive Director, Commercial …
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INEC Rejects Use Of Temporary Voter Cards
  As Nigerians prepare for the general elections, the Independent National Electoral Commission (INEC) says it will not entertain the use of temporary voter cards (TVCs) during the upcoming general elections. The Resident Electoral Commissioner (REC) in Cross River, Dr Frankland Briyai, said this on Tuesday at a workshop on Election Risk Management (ERM). The …
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ASUP Ends Two Month Old Strike
  The Academic Staff Union of Polytechnics (ASUP), has suspended its two month old strike. Mr Usman Dutse, ASUP, National President said this at a news conference on Tuesday in Abuja. According to him, “we have hereby decided to suspend our two month old strike, this decision was taken at the end of our National …
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Electricity: TCN hits 5,375mw new power transmitted peak
  The Transmission Company of Nigeria (TCN) says the National Grid (NG) successfully transmitted a new generation peak of 5,375 Mega Watts (MW) at 9.00 p.m on Thursday, Feb. 7. Mrs Ndidi Mbah, the General Manager (Public Affairs) in  TCN,  said in a statement in Lagos on Monday that this was the first time that …
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Awka Tanker Explosion: Our electricity installation was affected – EEDC
  The Enugu Electricity Distribution Company (EEDC) has decried the destruction of some of its electricity installation by the petrol tanker fire accident which occurred in Awka, Anambra, on Saturday. Mr Chukwuemeka Ezeh, Head, Communication Department, disclosed this in Awka on Monday. Ezeh said the inferno gutted a transformer and feeder pillars near Anambra Governor’s …
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PDP wants immediate release of party spokesperson in Kaduna
PDP wants immediate release of party spokesperson in Kaduna February 11, 2019 – by Staff Reporter – Leave a Comment The Peoples Democratic Party (PDP) has urged the Department of State Services (DSS) to  immediate release Mr Ben Bako, its Director of Media Committee for Kaduna State Governorship Campaign Organisation. The party made the call at a news conference addressed …
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Kachikwu commends DPR on COLT, other automation initiatives
 Dr Ibe Kachikwu, the Minister of State, Petroleum Resources, has commended the Department of Petroleum Resources (DPR) on its newly computerised Crude Oil and LNG Tracking (COLT),  Automatic Downstream System (ADS) and other automation initiatives. Kachikwu gave the commendation during a Ministerial briefing on the achievement of the agency and commissioning of the automated software …
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Violence At Ogun APC Rally
  Rotimi Amaechi and the chairman of the All Progressives Congress (APC), Adams Oshiomhole were on Monday booed at the party’s campaign rally in Ogun State. With supporters loyal to Amosun showing support for Amosun’s candidate at the APC rally on Monday, Amaechi triggered the crowd’s anger by suggesting that they should only vote for …
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Micro Pension Scheme: Way To Go To Drive Financial Inclusion, Says Glory Etaduovie
Managing Director IEI Anchor Pension Glory Etaduovie         BY NKECHI NAECHE—-Micro pension has been identified as one of the channel that can be applied to drive financial inclusion in the financial sector of the Nigerian economy. Speaking during a paper presentation recently, the Managing Director IEI Anchor Pension Glory Etaduovie, said micro pension …
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Cabotage Law: NIMASA rules out waivers, commences clampdown on erring vessels
  PRESS RELEASE—After several warnings the Nigerian Maritime Administration and Safety Agency NIMASA has commenced clampdown on vessels that do not comply with the provisions of the Cabotage Compliance Strategy introduced last year to ease the implementation of the Cabotage Act 2003 in Nigeria. The Director-General of NIMASA, Dr. Dakuku Peterside, has said the Agency …
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FG to complete dualisation of highways in North-East with part of Sukuk bonds
The Federal Government says part of the N100billion proceeds from the Sovereign Sukuk bonds will be used to complete the ongoing dualisation of five sections of Kano- Maiduguri highways. The Director of Highways, North-East, Federal Ministry of Power,Works and Housing, Alhaji Mohammad Rufai made the disclosure on Sunday in Jakana , Borno state, while inspecting …
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