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Container Terminal declares $1.2b revenue for 2018

Philippines-based port management company International Container Terminal Services (ICTSI) has increased its 2018 profit on the back of a six percent increase in TEU volume and inclusion of new terminals. Consolidated volume for 2018 rose to 9,736,621 TEUs, compared to 9,153,458 TEUs in 2017, the company said in its 2018 …

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Market capitalization drops by N101 Billion as indices reverse gains

Trading on the floor of the Nigerian stock exchange reverse its seven-day positive performance Monday following price losses suffered by the bellwethers as market capitalization depreciated by N101 billion The All Share Index (ASI) was down by 272.45 absolute points, representing a decline of 0.88 per cent to close at …

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Edo’s industrialization drive receives fresh push from China’s Belt, Road Initiative

Edo State Governor, Mr. Godwin Obaseki with the Chinese Ambassador to Nigeria, Ambassador Zhou Pingjian, at the Forum on the Belt and Road Initiative and Production Capacity Cooperation between China and Nigeria, held in Lagos, to mark the Chinese New Year, on Sunday, January 20, 2019. Benin Industrial Park, Benin …

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Oil & Gas Training Centre: Ondo ex-militants hail Akeredolu, pledges support

Governor Rotimi Akeredolu, for facilitating establishment of the new oil and gas vocational training centre in the state. Oil Speaking at the commissioning of the vocational centre located at Agadagba -Obon Ese -Odo Local Government Area, the ex-militants described the newly built centre as one capable of training thousands of …

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Uncollected PVCs in S-East ploy to disenfranchise Ndigbo, Ohanaeze youths allege

The General Assembly of Ohanaeze Ndigbo Youth Council Worldwide, alleged that the huge number of uncollected Permanent Voters Cards, PVCs, in the South-East and other parts of the country where Igbo people reside was deliberately orchestrated as part of plans and efforts of some mischief makers in collaboration with corrupt …

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Merger: CBN, SEC grant approval in principle to Access Bank and Diamond Bank

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have given Access Bank and Diamond Bank Plc approval in principle on their proposed merger plans. Mr. Victor Etuokwu, Access Bank Executive Director, Personal Banking, said in Lagos that CBN and SEC had granted both banks approval …

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