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UBA Foundation calls for essay entry

UBA foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the commencement of its National Essay Competition (NEC). The Foundation also called call for entries for this year’s edition. In a statement yesterday, the Foundation said yearly NEC competition, is part of UBA Foundation’s education initiative which is aimed at promoting literacy…
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Banking

Banks lend N3.38tn to firms at single-digit rate

Customers accessed loans worth N3.38tn at single-digit interest rates under the Central Bank of Nigeria’s intervention funds as of the end of June. A member of the Monetary Policy Committee meeting, Aliyu Sanusi, disclosed this in his personal statement at the last MPC…
Agriculture

FG issues certificates, sales permit to fertiliser dealers

The Federal Government, on Thursday, presented certificates of registration and sales permit to authorised fertiliser dealers in Nigeria. It stated that based on the registration and permits, non-licensed operators were not allowed to produce, blend, import, market or distribute fertilisers across the country. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Ernest…
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Markets

OPEC daily basket price increases to $101.04 per barrel

The price of the Organization of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as of Wednesday. This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC Secretariat calculations…
Aviation

Emirates restores flights to Lagos

Emirate airline has announced the reinstatement of its flight operations to Lagos, starting September 11. The airline said this in an email to customers yesterday. The development comes almost a week after the federal government released the sum of $265 million to foreign airlines in the country to settle outstanding ticket sales. We are pleased to inform you that effective from 11th September…
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Energy

Dangote refinery gets 300,000 barrels/day from NNPC

The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this to journalists when he appeared at the 49th Session of the State House Ministerial Briefing organised by the Presidential Communications…
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