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60 Niger Delta students get Shell scholarships
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A new batch of 60 children from the Niger Delta region in Nigeria has been awarded the special secondary school scholarship of the Shell Petroleum Development Company (SPDC) Joint Venture. Tagged “Cradle to Career”, the scholarships cover tuition and all other bills for six years in four of the topmost private secondary schools in Port Harcourt, River State. Brookstone Secondary ...

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FG to release N350 billion for capital projects
Minister of Finance, Mrs. Kemi Adeosun

Minister of Finance, Mrs. Kemi Adeosun, has disclosed that a sum of N350 billion capital votes will be released immediately into the system as the Federal Government continues to tackle the economic crisis currently facing the nation. The minister, who spoke at a press briefing in Abuja on Friday, said the current administration is not backing down on its decision to ...

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Shell trains youths on power plant operations
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The Shell Petroleum Development Company (SPDC) operated Joint Venture has trained 15 engineering graduates from host communities of the Afam VI Power Plant at Oyigbo in Rivers State on the operation and maintenance of combined cycle power plants. They are the second set of 30 graduates from the host communities to benefit from the initiative which incorporates training sessions in ...

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Eurobonds offer succour for budget financing
Dr. Abraham Nwankwo_3

As the Federal Government begins the process of borrowing from the international markets, by way of floating $1 billion Eurobonds, all eyes are on the relevant authorities for proper utilisation of the bonds The Debt Management Office (DMO) on behalf of the Federal Government has commenced bids for the engagement of two international banks as joint lead managers and a ...

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Shell trains Ogoni youths on enterprise development
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Youths in Ogoni land are being offered another chance to start their own businesses in the second LiveWIRE programme to be implemented by The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Operated Joint Venture. This follows the training of 105 Ogoni youths in the first tranche in 2014/2015. Already, more than 100 youths from the four local government areas ...

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Adeosun: Why genuine exporters should get tax relief
Minister of Finance, Mrs. Kemi Adeosun

Minister of Finance, Mrs. Kemi Adeosun, on Thursday sought the understanding of members of the private sector in the ongoing policy review by the current administration. The minister, who spoke during the visit of the leadership of the Nigerian Economic Summit Group, (NESG) to her office in Abuja, challenged the private sector body to come up with policies which are implementable ...

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WorldStage Economic Summit 2016 to address unemployment challenges
Minister of Finance, Mrs. Kemi Adeosun

With a total of 22.4 million Nigerians unemployed or under‐employed out of the 76.9 million total labour force, Worldstage Economic Summit (WES) 2016 (http://worldstagegroup.com/wes/) will be hosted in Lagos between September 7- 8, 2016 to address the  unemployment challenges in the African biggest economy. According to Mr Segun Adeleye, President/CEO, World Stage Limited (www.worldstagegroup.com), the organisers, “The alarming rate of ...

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Speakers at Lagos TechPlus 2016 emerge
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Leaders in industry, government and other technology thought leaders have been announced as speakers at Nigeria’s largest tech event, TechPlus2016, holding next month in Lagos. TechPlus 2016, the second edition of Nigeria’s largest tech event, is a gathering of everything technology providing a robust tripartite tech experience through its conference, exhibition and gaming structures while serving as a platform for ...

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New Debt Management Strategy unveiled
Dr. Abraham Nwankwo_3

The Federal Government has unveiled a new debt management strategy to run from 2016 to 2019 with a marginal increase in external borrowing, increased commitment to capital projects execution and long as against short term borrowing. Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, revealed the three-year debt management strategy on Monday in Abuja. According to Nwankwo, ...

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Nigeria advised on solid minerals exploitation

As the country seeks to diversify the economy to non-oil base following dwindling oil price, Nigeria has been advised not to be in a hurry to exploit its rich solid mineral deposits while facilities to process the resources are yet to be in place. Advisor, Business Development Unit, West African Institute for Financial and Economic Management (WAIFEM) Prof. Douglason Omotor, ...

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