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Business and Economy

Kia unveils bullet proof Quoris, a ‘luxury fortress’ on wheels

With a different beat and an enhanced armoured technology against munitions attacks, Kia Motors Nigeria has created a niche in the super-luxury market with the introduction of the shatter-proof, grenade resistant, opaque anti-blast armour, and protective coated reinforced bulletproof Kia Quoris for high-net-worth individuals and government officials. The bulletproof Kia …

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Mercedes beats Audi to become world’s second biggest luxury car maker

Mercedes-Benz outsold Audi in the eight months through August to become the world’s second-biggest luxury-car maker, as both Audi and BMW struggled to match its sales growth in China. Mercedes delivered 1.19 million vehicles in the period, 10,880 cars more than the 1.18 million at Volkswagen AG’s Audi. The Daimler …

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How Sokoto can secure Foreign Direct Investment : US, UK, others

Investment-favourable legislation, commitment to transparency and good governance and unveiling of bold vision backed by timeline for implementation are some of the key requirements needed to boost investments in states of the country. Similarly, states like Sokoto must actively engage in data mapping because success of public institutions depend not …

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NNPC to deploy drones to monitor oil bearing vessels; as Kachikwu plans eradication of oil theft in 8months

Fresh vista to the fight against the perennial problem of oil theft and pipeline vandalism appeared on the horizon, Tuesday, with the disclosure by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu that the Corporation is working towards the deployment of drones across the …

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Access, Zenith, GTB, others again drive NSE activities as market indices rise by 0.29%

The banking sub-sector drove activities at Thursday’s trading on the floor of the Nigerian Stock Exchange (NSE) while accounting for 163.14 million shares valued N777.21 million achieved in 1,367 deals. This is even as equities transactions closed in an upward trend as the market indices improved marginally by 0.29 per cent. …

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NNPC moves to enthrone transparency in award of crude oil lifting contract · Reduces off-takers from 43 to 16 · Extends invitation to Forte Oil, Mobil, others to bid for new OPA

In a novel move to instill transparency and probity in the award of the annual Crude Oil Term Contract, the Nigerian National Petroleum Corporation, NNPC, on Thursday mapped out measures to execute the 2015/2016 award of contract to companies for the evacuation of Nigeria’s crude oil equity from the various …

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The gas to power plan

By Eze Onyekpere Nigeria has abundant reserves of associated and non-associated gas estimated in excess of 187 trillion (standard) cubic feet (Tcf). Though Nigeria is ranked 7th in terms of proven natural gas reserves in the world, geological experts hold the view that more gas can still be found; potentially …

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Barrister Obi takes over as NIMASA acting Director General

Barrister Calistus Nwabueze Obi has taken over as the Acting Director General/Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency (NIMASA) following the handing over by Dr. Ziakede Patrick Akpobolokemi as directed by the Federal Government. Barrister Obi who until this appointment was the Executive Director, Maritime Labour …

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Nigerian, British firms agree 27 partnerships in Shell sponsored-collaboration

A total of 27 partnerships have been agreed by Nigerian and British companies under the auspices of the annual Nigeria-UK engagement programme sponsored by the Shell Nigeria Exploration and Production Company Limited (SNEPCo). The partnerships cover a wide range of oil and gas activities including engineering, maintenance, fabrication and support …

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