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Cool FM’s Amin Mousalli, Allon Nelken, Kavitta Chellaram, Diana Chan, Others For Ethnic Business Awards

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Nigeria-based foreigners who’re contributing to the nation’s economy in terms of visible investments and employment generation will be honoured and celebrated during the Ethnic Business Awards (www.theethnicbusinessawards.com) on Valentine’s day, February 14th, 2020 at the prestigious Oriental hotel Lagos. 
These diaspora foreigners who have chosen Nigeria as home despite the stormy waters, according to the organizers of the epoch making event deserve more than celebration and will be honoured in different categories such as Ethnic Man of The Year, Woman of The Year, Entrepreneur of The Year, CSR Brand, Beauty Brand, Financial Institution to mention but a few.
On the Ethnic Man of The Year category are revered international business tycoon such Alli Mousalli of Cool FM, Allon Nelken, (Mega Plaza), Benoy Berry (Contec Group), Robert Tung (Wempco), Mann Lababidi of Crown Flour Mills to mention but a few while the nominees for Ethnic Woman of The Year are Diana Chan (GAC Motors), Kavita Chellaram (ArtHouse Contemporary) and Caterina Bortolussi of Kinabuti Fashions.
Other interesting categories are the Ethnic Financial Institutions where the likes of Stanbic IBTC, Standard Chartered and Citi Bank are being nominated. 
Foreign entertainers who’re making waves in the Nigerian showbiz industry will also be honoured in the catrgories itemized as Cross-Over Actors, Actress and Musician of The Year. Prominent African stars such as Juliet Ibrahim (Ghana), Princess Shyngle (Gambia), Cynthia Emade (Cameroun), Ela Mensah (Ghana), Okawa Shaznay among others.
The Ethnic Business Awards is aimed at recognizing and appreciating the outstanding contributions of foreign businesses, organisations, individuals and communities to corporate Nigeria, “this is like thinking outside the box, the awards is designed to reward and encourage innovations and excellence among Nigeria-based foreigners in enterprise”.
Inspired by the growing population of foreign investors, organisations, individuals and migrants communities who have impressed with remarkable inputs into the growth of the Nigerian economy, the Ethnic Business Awards [EBA] seeks to reward the best practices in commerce, international diplomacy and excellence across other industries.
Nigeria became Africa’s largest economy for the second year in a row according to a multinational professional services network, PricewaterhouseCoopers (PwC), in 2019. Beyond doubts, this feat would have been impossible without the faith reposed in her by men and women of other nationalities who have defied doom prediction to swarm Nigeria to grow her commerce.
The EBA (www.theethnicbusinessawards.com) pays very special attention to promising and established foreign companies, missions, communities, organisations and individuals of sterling qualities all of whom have been identified and grouped into different categories following a public opinion poll and wide consultations with some of the industry’s finest experts.
The event holds on St. Valentine’s Day, February 14th, 2020 at the prestigious Oriental hotel Lagos.

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Tinubu Vows to Revive Nigeria’s Dormant National Refineries

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President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.

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Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.

The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.

“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.

“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”

The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.

The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.

Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.


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NNPC Records ₦7.2tn Profit as Tinubu Receives 2025 Report

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Tinubu

Tinubu receives NNPC’s 2025 audited report as profit after tax rises 33% to ₦7.2tn, with revenue reaching ₦34.5tn and dividend at ₦5.8tn (more…)

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AICL GMD Tamuno Seeks Stronger Diaspora Investment

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AICL GMD Maureen Tamuno calls for stronger diaspora investment in Africa through trust, transparency, skills transfer and sustainable partnerships

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