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Cross River renews struggle to revive relevance of Tinapa with 26MW power plant

Ayade CR

As the excitement that trailed the development of massive Tinapa Free Trade Zone laced with a world class multipurpose entertainment centre, the Tinapa Resort continues to drop after several administration in Cross River State, the current government lead by Governor Ben Ayade seems to have decided to redevelop the complex. This is coming on heels of new plan to commence ...

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All set for today’s flag off of yam export to UK, others in Lagos

Audu Ogbeh

Barring last minute hiccups, the nation’s flagship seaport of Apapa will witness the first shipment of Nigerian yam to United Kingdom. This is coming after the first deadline of June 23 failed. This is as the Nigeria Agricultural Quarantine Service (NAQS) has called for effective collaboration amongst export processing agencies to ensure efficient, result oriented and 100 per cent acceptance ...

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Lagos steps up campaign in wooing investors to Lekki Free Zone

Gov Ambode

The Lagos State Government has stepped up international and local marketing of unoccupied portions of the Lekki Free Trade Zone. Currently, Dangote Group is developing the South-East Quadrant of the Zone in Lekki, which is about 2635 hectares of land for the establishment of 650,000bpd capacity refinery complex, petrochemical, gas and fertilizer plant with a projected cost of over $12billion. ...

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NSE bags ‘Employer of Choice Award’ for the 2nd year in a row


…Oscar Onyema named 2016 HR Champion The Nigerian Stock Exchange (NSE) has won for the second consecutive year, the Employer of Choice Award, 2016, in the “Under 1,000 Employees” category. The award which was is in recognition of the Exchange’s outstanding contributions to human resources development in the workplace was presented by the HR People Magazine at an award ceremony ...

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CBN’s Anchor Borrowers’ intervention boosts local rice output to 5m tones–Okoroafor


The Acting Director, Corporate Communications of the Central Bank of Nigeria (CBN), Mr. Isaac Okoroafor, has revealed that the national rice output has risen to about 5 million tonnes. Giving the insights in Awka, the Anambra State capital during a three-day sensitisation workshop for rice farmers said the progress is possible because of the bank’s sustained support using the Anchor ...

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Inclusion of rice, poultry products, beef, in forex restricted 41 items has boosted farming —CBN

Buhari CBN

For the first time in recent weeks after barrage of calls and criticisms on the Central bank of Nigeria (CBN) to review the list of 41 items barred from easy access to forex for imports, the bank has come up to defend the stay of the order, noting that the ban has encouraged Nigerians to go into massive farming. In ...

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Breakthrough as NB completes backward integration in packaging materials


In view of reducing capital flights and increasing local content in production, the Nigerian Breweries (NB) Plc, has attained 99 per cent in sourcing packaging materials locally. Corporate Communications and Brand Public Relations Manager of the company, Mr. Patrick Olowookere, in an interview at the Ibadan brewing plant said the percentage covered locally manufactured cans, crown corks, crates, bottles and ...

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Dizengoff boosts farming in Nigeria with new multipurpose solutions, tractors

Dizengoff Nigeria

Leading global agricultural solutions provider, Dizengoff Nigeria, has unveiled different ranges of CASE IH brand of tractors in Abuja as part of efforts to push up the nation’s quest to food sufficiency. Explain the reasons behind the new agro machineries, chief executive and Country Manager for Dizengoff Nigeria, Mr. Antti Ritvonen, said the new tractors are introduced to help drive ...

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Preliminary signs of possible crash of 2017 budget emerging gradually


With recent bickering, claims and counter claims zooming out from both the ministers and the National Assembly members, national budget analysts are beginning to see reasons on why the implementation of 2017 budget may be marred with early failures. First of all, the early signs came from the delay in assenting the budget passed by the National Assembly. Shortly after, ...

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FG silent on revoking licences as Indonesian firm indicates interest to build refinery


More than two months after the federal government warned that it will soon begin the revocation of private oil refinery licenses issued by previous administration to about 14 companies, nothing has been heard. However, an Indonesian firm, PT Intim Perkasa Nigeria Limited, a subsidiary of PT Intim Perkasa, on Thursday in Abuja, signaled interest to build a refinery in Nigeria. ...

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