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Business and Economy

Mercedes-Benz posts new record of more than 1.18 million cars sold in first half-year

  Best half-year in the companies’ history: 1,188,832 cars sold (+3.9%) Strongest quarter of all time (594,528 units, +1.9%) More than 200,000 vehicles were delivered to customers worldwide in June alone (-2.6%) China continues as largest individual market with over 340,000 units sold since the beginning of the year (+16.2%) …

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Saraki commissions road, fertilizer project in Port Harcourt

President of the Senate, Dr. Abubakar Bukola Saraki, on Saturday, commissioned the Obiri Ikwerre – Airport Road in Port Harcourt, Rivers State, constructed by the Governor Nyesom Wike administration. Saraki also laid the foundation stone of the the Second Train of the Indorama Eleme Fertilizer Plant project, in Eleme Local Government Area of Rivers …

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NIMASA, IMO technical cooperation critical to Nigeria’s economic growth

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that Nigeria will continue to seek continued technical cooperation and support from the International Maritime Organization (IMO) in order to build up sustainable capacity to be a globally competitive maritime nation contributing to economic development. …

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University of Nigeria Nsukka owes Enugu Govt. N12billion tax debts, may be sealed off; As govt moves to recover N30bn unpaid taxes, seals 8 firms

The Enugu State Internal Revenue Service (ESIRS) has commenced the recovery of over N30 billion non-remitted taxes by companies, agencies and institutions in the state. The Chairman of ESIRS, Mr Emeka Odo, disclosed this in Enugu on Wednesday after sealing off eight offices, which comprised companies, agencies and institutions in …

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SAS urges organizations to embrace Analytics and Artificial Intelligence

In a rapidly changing business environment, businesses are under pressure to not only comply with constantly changing regulations but also to modernize their processes and systems. The purpose is to help reduce compliance costs, improve efficiency and effectiveness, stay competitive and drive innovation whilst looking for better ways to serve …

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Only 350 Nigerians responsible for 80% of N5.4trn debt; It must be recovered, whether the debtors like it or not – AMCON

By Ifeanyi Nwoko  The Asset Management Corporation of Nigeria (AMCON), says that only 350 Nigerians are responsible for more than 80 per cent of the N5.4 trillion debt portfolio of the company. The Managing Director/Chief Executive Officer of AMCON, Mr. Ahmed Kuru disclosed this in an interview with the News …

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European Investment Bank plans €700m investment in Nigeria – official

 By Isaac Aregbesola   Ms Isabelle Grunderbeeck, the Regional Representative for West Africa of European Investment Bank (EIB), says the bank plans to invest 700 million euros in some identified projects in Nigeria. Grunderbeeck disclosed this at the bank’s interactive meeting with its clients and other stakeholders in Abuja on …

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NCC determines to provide quality service to subscribers – Danbatta

  By Constance Imasuen Prof. Umar Danbatta, Executive Vice-Chairman of Nigerian Communications Commission (NCC), on Monday, said the commission was determined to provide qualitative services to subscribers. Danbatta said this at a public inquiry on the transfer of licence and resources, including 800MHz spectrum from Visafone Communications Limited to MTN …

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Buhari’s budget concerns: NASS is not wrong; We’re waiting for supplementary appropriation – legislators

By Donald Ugwu The Deputy Majority Leader in the Senate, Alhaji Bala Ibn Na’allah, on Wednesday said that the National Assembly, NASS, was unperturbed by President Muhammadu Buhari’s concerns about the adjustments it made in the 2018 Appropriation Bill. Na’allah was reacting to Buhari’s criticisms during his budget signing speech …

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