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Nov 15, 2024 | 
nigerianobservernews.com | Erhuvwu Etarhienyo |Onyinyechukwu Ugwoke |James Ogbomo
Chevron has announced its intention to increase exploration acreage in Nigeria and Angola, aiming to boost production after years of decline in both countries. The company announced plans to expand its exploration acreage in African oil-producing countries, including Nigeria and Angola, where it sees opportunities for production growth despite years of decline, this was disclosed by Liz Schwarze in an interview with Bloomberg.
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Nov 15, 2024 | 
nigerianobservernews.com | Laju Uwanikone |Edward Oseghe |Erhuvwu Etarhienyo
The Federal Executive Council (FEC) approved a suggested budget of N47.9 trillion for the 2025 fiscal year on Thursday. This represents a 35 percent increase over the 2024 total budget, which stood at N35.5 trillion. The 2025 budget indicates that the federal government plans to run an expansionary budget to lift millions of Nigerians out of poverty.
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Nov 15, 2024 | 
nigerianobservernews.com | Erhuvwu Etarhienyo |Happy Osagie |Okafor Vivian
The shareholders of First Bank of Nigeria (FBN) have collectively approved a total dividend of N14.4 billion for the financial year ending December 31, 2023. The approval was granted during the company’s 12th Annual General Meeting, which was held virtually.
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Nov 15, 2024 | 
nigerianobservernews.com | Erhuvwu Etarhienyo |Happy Osagie
The Edo State Governor, Senator Monday Okpebholo has hailed Edo Queens ahead of their last group match against Mamelodi Sundown of South Africa in the ongoing 2024 CAF Women’s Champions League in Casablanca, Morocco. Fred Itua, Chief Press Secretary to Edo State Governor, made the disclosure in an official statement on Friday. Okpebholo praised the Edo Queens for their achievements so far and charged them to beat the South Africans to enable them lead Group B into the semifinals.
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Nov 15, 2024 | 
nigerianobservernews.com | Okafor Vivian |Erhuvwu Etarhienyo |Onyinyechukwu Ugwoke
Few days after raising $110 million through partnership with various companies, Moniepoint Microfinance Bank, one of the largest Fintech banks, announced the appointment of Bayo Olujobi, former member of Standard Bank Group, as its Chief Financial Officer to strengthen the bank’s financial operations and support their long-term goals.
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Nov 15, 2024 | 
nigerianobservernews.com | Okafor Vivian |Erhuvwu Etarhienyo
The Edo State Governor, Senator Monday Okpebholo, in a communique signed by the Secretary to State Government (SSG), Umar Musa Ikhilor on Friday, has approved six fresh appointments. The approved appointments include Dr. Emmanuel Paddy lyamu as the Executive Chairman of the State Universal Basic Education Board (SUBEB); Lucky Enehita – Inegbenehi as the Managing Director of the State Waste Management Board and CP Friday Ibadin (Rtd), State Corps Commander, Edo State Security Corps Governance.
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Nov 4, 2024 | 
nigerianobservernews.com | Happy Osagie |Onyinyechukwu Ugwoke |Erhuvwu Etarhienyo
Stanbic IBTC Holdings Plc has recorded a remarkable 180 per cent rise in net interest income, fueled by the Central Bank of Nigeria’s (CBN) aggressive rate hikes in 2024. The bank’s financial report for the nine months ending September 2024, filed with the Nigerian Exchange Limited (NGX), shows strong performance across multiple revenue streams despite a challenging economic environment.
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Nov 2, 2024 | 
nigerianobservernews.com | Olatomiwa Oyedele |Hameed Braimah |Erhuvwu Etarhienyo
The Edo State Health Insurance Commission (EDOHIC) has launched a training session for a team of volunteers, equipping them with essential knowledge and sales techniques to effectively promote the Edo State Health Insurance Scheme.
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Nov 2, 2024 | 
nigerianobservernews.com | Erhuvwu Etarhienyo |Olatomiwa Oyedele |Hameed Braimah
The Federal Government of Nigeria has announced the launch of the Foreign Currency Voluntary Disclosure, Depositing, Repatriation, and Investment Scheme, referred to as the Disclosure Scheme.
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Oct 30, 2024 | 
nigerianobservernews.com | Onyinyechukwu Ugwoke |Erhuvwu Etarhienyo |Hameed Braimah
Justice Evelyn Anyadike of the Federal High Court in Awka, Anambra State, has handed down prison sentences to 34 individuals convicted of internet-related offenses, including fraudulent impersonation, possession of proceeds of crime, and obtaining by false pretense. The convicts, who pleaded not guilty, were found guilty of scamming unsuspecting foreign nationals through fake email addresses and social media accounts.
