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Urges Nigerians to stop panic buying of petroleum products Nigerian National Petroleum Corporation (NNPC) has enjoined motorists in Abuja and its environs, and indeed the federation, not to engage in panic buying of petroleum products as the country is not planning to increase in the prices of petroleum products. NNPC...

By Abdul Olalekan The Pension Transitional Arrangement Directorate (PTAD) will soon commence pension verification exercise for Nigerians in the Diaspora. Executive Secretary, PTAD, Mrs Sharon Ikeazor, who gave the hint when she visited the Senior Special Assistant to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa, in Abuja,...

Foremost industrialist and President of Dangote Group, Aliko Dangote on Tuesday told the audience at the World Economic Forum (WEF) holding in Davos Switzerland that a joint effort between government and private sector to tackle the power deficit remained a key element in boosting the economy of Africa. Dangote, who...

By Nkem Ndem Cyberstalking may seem like fiction as not many in Nigeria are aware of its occurrence, however, it is quite real. With the advancement of technology and the birth of numerous links on the social media atmosphere, stalkers do not need to physically trail their victims in other...

By Abdul  Olalekan Insurance broking firms and insurance agent outfits in the country may face profit decline, with some of their workers expected to lose their jobs in the current year, by the time the planned new insurance distribution channels commence operations in insurance industry, Business 247 News Online exclusively...

To provide 3,000 jobs Determined the tap into the opportunity provided by the scarcity of forex in the country to create jobs, foremost entrepreneur, Aliko Dangote has embarked on the establishment of multi-million dollar vehicle assembly plant project in Lagos Specifically, the plant will be churning out heavy duty trucks...

Trade between Nigeria and China stood at 9.5 billion dollars in 2016, Economic and Commercial Counsellor of the Chinese Embassy, Mr Zhao Linxiang, said on Saturday. Linxiang gave the figure at a dinner to host participants of different training courses in China in Abuja. The envoy said though bilateral relations...

Heritage Bank Plc has disclosed plans to revolutionise the agricultural value-chain field, particularly the rice farming that will enhance agribusiness and aid economic development through its direct participation in the much lauded Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria. Group Head, Agriculture Finance, Heritage Bank, Olugbenga Awe,...

By Abdul Olalekan Sovereign Trust Insurance (STI) Plc has paid N1 billion as claims in the third quarter of 2016. The company, in a statement made available to Business 247 News Online on Friday, promised to continue to pay genuine claims as and when due. Giving the breakdown of the...

Manchester United has €200million more net debt than any other football club in Europe, new research from Uefa has shown. According to Belfast Telegraph report, the European Club Football Landscape report shows the amount of money the Old Trafford club owes has now grown to €536m (£464m). While debt levels...