Buhari seeks stronger economic ties with Italy

Buhari seeks stronger economic ties with Italy

(NAN)President Muhammadu Buhari has called for stronger trade and economic relations between Nigeria and Italy. A statement issued by the senior special assistant to the president on media and publicity, by Garba Shehu, explained that  Buhari made the call when...
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Minister congratulates football team for their victory over Japan

Minister congratulates football team for their victory over Japan

By Moses Ebosele  –   The Honourable Minister of Youth and Sports, Barrister Solomon Dalung has  congratulated  the National U-23 football team for their outstanding 5-4 victory over Japan in their opening Group B game. Dalung said “The Dream ...
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Firefighter dies as Emirates plane with 300 passengers crash-land at Dubai airport

Firefighter dies as Emirates plane with 300 passengers crash-land at Dubai airport

(Sky News)- A firefighter was killed while responding to a plane that crash-landed at Dubai airport and became engulfed in fire, the Emirates airline chairman has said. The passenger jet, carrying 300 people, crash-landed at Dubai International Airport and b...
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Nigeria seeks $3.5Billion loan from World Bank, AfDB

Nigeria seeks $3.5Billion loan from World Bank, AfDB

The Federal Government has commenced negotiation for concessionary loans of $3.5 Billion from the World Bank and African Development Bank (AfDB). According to the Minister of Finance, Mrs Kemi Adeosun, the fund will support Government effort to finance the 201...
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Hyundai explains 7.0 % drop in profit

Hyundai explains 7.0 % drop in profit

By Moses Ebosele –     Citing decrease in export, weak currencies and economic recession in emerging markets, Hyundai Motor Company has announced 7.0 per cent drop in its operating profit for the first half of 2016.   However, within the...
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Audi declares 950,000 sales, €30.1 billion in six months

Audi declares 950,000 sales, €30.1 billion in six months

By Moses Ebosele –  For the first six months of 2016, Audi Group delivered more than 950,000 automobiles of the Audi brand worldwide and “increased its revenue to €30.1 billion”.  In its first half of the year financial statement released...
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Rolls-Royce projects £100m annualised savings

Rolls-Royce projects £100m annualised savings

By Moses Ebosele –   Despite one per cent revenue drop in the first half of 2016,  Rolls-Royce is to attain   £100m annualised savings before the end of 2016 financial year   The company  explained on Wednesday that as set out...
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How to boost tourism development in Nigeria, by UN

How to boost tourism development in Nigeria, by UN

 By Moses Ebosele –  To successfully enhance tourism development, the United Nation World Tourism Organization (UNWTO) has advised Nigeria to put into consideration the critical role of technical assistance, capacity building, Tourism Master Plan and i...
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Turkey wants 17 “Turkish” schools closed in Nigeria

Turkey wants 17 “Turkish” schools closed in Nigeria

 (NAN)-The Turkish Ambassador to Nigeria, Hakan Cakil, has called on the Nigerian Government to close 17 Turkish schools in Nigeria for their alleged links with a movement his government says was involved in the July 15 failed coup attempt in...
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UK Envoy canvasses support for Nigerian capital market

UK Envoy canvasses support for Nigerian capital market

By Moses Ebosele Despite various economic challenges in Africa, the Nigerian capital market has great opportunities, United Kingdom Trade & Investment (UKTI) Envoy,  John Howell has said.   According to Howell, Nigeria’s capital market is viabrant, not...
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Diana containerships cuts quarterly dividend

Diana containerships cuts quarterly dividend

Based on the current container vessel charter market, Athens-based shipping company Diana Containerships Incoparated has made a decision to suspend the quarterly cash dividend on its common shares effective with the quarter ended June 30, 2016.  Diana Contai...
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NAHCO shareholders get N324.8m dividend

NAHCO shareholders get N324.8m dividend

By Moses Ebosele –   Shareholders of Nigerian Aviation Handling Company (NAHCO) Plc on Tuesday, in Abuja, approved quest by the board of the company to pay   dividend of 20 kobo per share, amounting to N324.8million for the year ended Decenber...
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Ministry to partner British Council, Elumelu Foundation on capacity building for culture, tourism managers

Ministry to partner British Council, Elumelu Foundation on capacity building for culture, tourism managers

By Moses Ebosele –  The Minister of Information and Culture, Alhaji Lai Mohammed  has reiterated resolve to partner the  British Council and Tony Elumelu Foundation  as part of measures to enhance capacity building initiative of culture and tourism m...
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FIFA President arrives in Nigeria

FIFA President arrives in Nigeria

The President of Federation of International Football Association  (FIFA) Gianni Infantino, yesterday arrived Abuja, Nigeria on an official visit.   The President of world football –governing body, Gianni Infantino, and the Secretary General, Fatma Samoura...
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