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Arab Petroleum Investments Corporation (APICORP) General Assembly ratifies a Landmark Callable Capital Increase to USD8.5 Billion, Demonstrating Strong Shareholder Support and Long-Term Commitment

Callable capital increases from USD1 billion to USD8.5 billion; Authorized capital also increased to USD20 billion and subscribed capital to USD10 billion; USD500 million will also be transferred from Corporation’s general reserves and retained earnings into its issued and fully paid capital; Announcement follows APICORP’s 2019 financial results, which saw …

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ICPC bestows Integrity Award on FAAN staff

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Tuesday recognized a staff of the Federal Airports Authority of Nigeria (FAAN), Mrs Josephine Ugwu for her honesty and integrity in the discharge of her duties. Mrs Henrietta Yakubu, the General Manager, Corporate Affairs of FAAN said in a …

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Operators seek sustainable solutions to power challenges

Stakeholders in the renewable energy space as well as Liquefied Natural Gas (LNG) sector, are exploring solutions to address the gaps in the power sector. According to them, there is a need for the government to make the power sector attractive for investment through policy frameworks and by embracing new …

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