Tag: Nigeria

Chevron cancels $1.9B FPSO order
December 15, 2016 No Responses

Chevron cancels $1.9B FPSO order

Chevron North Sea Limited has canceled its order for a Floating Production Storage Offloading (FPSO) unit at South Korea’s Hyundai Heavy Industries. The shipbuilding contract, signed in April 2013, was valued at KRW 2.157 trillion (around USD 1.85 billion). HHI was in...
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Kia gets two ‘good design’ awards
December 15, 2016 No Responses

Kia gets two ‘good design’ awards

Kia Motors has won two 2016 GOOD DESIGN awards, for the Telluride Concept and the production Cadenza sedan, in the program’s ‘Transportation’ category. This is the seventh consecutive year in which the Korean manufacturer has received GOOD DESIGN awards,...
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NLNG completes $12m USP scheme, commissions UNIMAID engineering laboratory
December 14, 2016 No Responses

NLNG completes $12m USP scheme, commissions UNIMAID engineering laboratory

Nigeria LNG Limited (NLNG) has completed one of its flagship Corporate Social Responsibility (CSR) programmes, the University Support Programme (USP), with the commissioning of the sixth $2 million engineering laboratory at the University of Maiduguri (UNIMAID...
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Lagos records 246 murder cases, 162 rape in one year
December 14, 2016 No Responses

Lagos records 246 murder cases, 162 rape in one year

Not less than 246 persons were murdered in Lagos between December 2015 and November 2016. Also within the period, 542 vehicles were stolen and 486 armed robbery suspects arrested, 162 rape/defilement cases reported  and 51 kidnapped cases were recorded while....
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NIMASA reiterates support for amnesty programme
December 14, 2016 No Responses

NIMASA reiterates support for amnesty programme

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reiterated its commitment to Presidential Amnesty Programme as part of measures to ensure proper rehabilitation and reintegration of the ex-agitators in the Niger Delta Region. The Director Ge...
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Ministers lauds Academy Press N2b investment in modern equipment
December 14, 2016 No Responses

Ministers lauds Academy Press N2b investment in modern equipment

The Minister of Information and Culture, Alhaji Lai Mohammed, has lauded the Lagos-based printers Academy Press Plc for showing great confidence in the country’s economy through the investment of N2billion in acquiring modern equipment within one year. T...
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First Bank explains FirstStars Reality TV Show
December 14, 2016 No Responses

First Bank explains FirstStars Reality TV Show

In September 2015, First Bank of Nigeria Limited launched FirstStars,  a premier filmmaking competitive reality TV show where Nigerian youths were given the opportunity to project their creative skills in directing, producing, art directing, script writing an...
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Channels Photo News
December 14, 2016 No Responses

Channels Photo News

From left: Chairman and Chief Executive of Channels Television, Mr John Momoh, his wife, Mrs. Olusola Momoh; Chairman, Dangote Group, Alhaji Aliko Dangote and the Minister of Information and Culture, Alhaji Lai Mohammed at the 21st Anniversary of Channels Tele...
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‘Millions of jobs are needed to ensure essential health care’
December 13, 2016 No Responses

‘Millions of jobs are needed to ensure essential health care’

An estimated 50 million decent jobs are needed to address essential global health requirements through Universal Health Coverage (UHC), International Labour Organisation (ILO) has revealed. The report explained that it is the only way to ensure human security,...
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FG to construct 400 dams before 2019
December 13, 2016 No Responses

FG to construct 400 dams before 2019

The Federal Government is to construct additional 400 dams to boost irrigation across the country before 2019. Speaking in Abuja at the 32nd Annual Meeting of the Food Crisis Prevention Network, President Muhammadu Buhari explained that due to the growing...
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‘Nigeria’s 2017 budget’ll tackle recession’
December 12, 2016 No Responses

‘Nigeria’s 2017 budget’ll tackle recession’

President Muhammadu Buhari has assured Nigerians that the 2017 Appropriation Bill would take Nigeria out of the ongoing economic recession. In his Eid-el Maulud message, Buhari explained that with collective dedication and hard work, Nigerians would in 2017 ov...
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Nigeria Energy Sector Fund declares N51 coupon payment
December 12, 2016 No Responses

Nigeria Energy Sector Fund declares N51 coupon payment

The Nigeria Energy Sector Fund (NESF), a closed-end investment vehicle quoted on the Nigerian Stock Exchange (NSE) has declared a coupon payment of N51 per note to unitholders for the financial year ended March 31st 2016. The coupon translates to...
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Banks to boost Agric, SME fund with N30billion
December 12, 2016 No Responses

Banks to boost Agric, SME fund with N30billion

As part of measures to support the newly created Agriculture/Small and Medium Enterprises (SME) fund, the Bankers Committee at the weekend pledged to  contribute  N30 billion from their Profit After Tax (PAT).   Speaking at the end of the 8th...
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10 GM models to get 9-speed automatic in 2017
December 12, 2016 No Responses

10 GM models to get 9-speed automatic in 2017

(Auto News) Chevrolet’s new nine-speed automatic transmission illustrates the difficulty of eking out fuel economy improvements as automakers work to meet increasingly stringent fuel efficiency standards. Launched in the Chevrolet Malibu in September, th...
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