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UK oil sector job losses ‘to reach 120,000 by end of year’- report

The number of jobs lost as a result of the downturn in the UK oil and gas sector could top 120,000 by the end of this year, according to a report. Oil & Gas UK estimated 84,000 jobs linked to

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”Over 91% imported tomato paste fake”- local manufacturers

  Following the House of Representative condemnation of the alleged importation of dangerous killer tomato pastes into the country, tomato pastes manufacturers in the country, including Dangote Farms, Erisco Foods Limited and Savanna Farms, yesterday told the House of Representatives Joint

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Budget implementation- FG considers cutting measure

Federal government has opted to reduce total budgetary spending on 2016 capital expenditure plan ahead of indication that the budget would not be implemented fully. This was indicated by the Minister of Finance, Mrs Kemi Adeosun, in London while addressing

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CBN moves to stop mass sacking in banks

The Central Bank of Nigeria (CBN) through its Bankers’ Committee said on Thursday it was working hard to minimize the rate of mass sacking in banks within the shortest time possible. The Managing Director, Standard Chartered Bank, Bola Adelola, said

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Nigeria bleeds, loses 130,000bpd, N1.3bn daily as Shell shuts TNP

Nigeria’s crude oil export dipped further by 130,000 barrels per day, as operators yesterday said the Trans Niger Pipeline, TNP, operated by Shell Nigeria, has been shut down after a leak was discovered on the pipeline. The operator, who chose not

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DG, Budget office- Abdullai out, Akabueze in

Four months after appointing Tijani Mohammed Abdullahi as the Director General of the Budget Office of the Federation, President Muhammadu Buhari has removed him. To replace him, Buhari has appointed Ben Akabueze as the new DG. A statement signed by

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Diamond Bank, 2 Managers, Arraigned for Money Laundering

The National Drug Law Enforcement Agency (NDLEA) has arraigned Diamond Bank Plc and two of its managers, Lasisi Abayomi and Hillary Ojukwu and two others before the Federal High Court in Lagos on a six-count charge of conspiracy and money laundering.

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Global oil prices rise as Nigeria battles depleting output

Oil prices extended their gains to multi-month highs, on Thursday following another drop in US supplies and the prospect of further disruptions to output from key producers, Nigeria and Canada. The commodity has almost doubled since hitting near 13-year lows at

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Apple to lower App Store ‘tax’ for loyal subscribers

If you sell an app, subscription or other product through the App Store, Apple gets 30% of the money. That’s how its been since the App Store’s inception seven years ago. But soon Apple will for the first time lower

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