All posts by BusinessNews Staff

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  Naira to remain flat against dollar on slow growth

  The naira is expected not to rise or fall significantly at the parallel and official foreign exchange market as the economy slows and demand for foreign exchange eases after President Muhammadu Buhari’s delayed signing of the 2016...

  • Posted April 26, 2016
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  PH, Warri refineries now producing petrol – Kachikwu

  The Minister of State for Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has announced that the Port Harcourt Refining Company and the Warri Refining and Petrochemical Company are now producing a...

  • Posted April 26, 2016
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  Ogun to generate electricity from sawdust

  The Ogun State Government says it plans to generate electricity from sawdust as part of its contribution towards increasing power supply in the country. The Commissioner for Forestry, Chief Kolawole Lawal, stated this during a visit to...

  • Posted April 26, 2016
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  Buhari inherited N600bn oil marketers’ debt – FG

  The presidency yesterday said President Muhammadu Buhari inherited N600 billion debt owed fuel marketers by the former President Goodluck Jonathan’s administration.  This is contained in a statement issued in Abuja yesterday by the Senior Special Assistant to the...

  • Posted April 26, 2016
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  Forex scarcity bringing out the best in Nigerians – Emefiele

  Central Bank of Nigeria (CBN) Governor, Mr. Godwin Ifeanyi Emefiele has described the current scarcity of foreign exchange confronting the country as good riddance, saying local production of various essential goods are now being given top priority....

  • Posted April 26, 2016
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  Scarcity of aviation fuel hampers flight operations

  Many flights were delayed and few others cancelled at the weekend following the inability of most airlines to receive the volume of aviation fuel, known as Jet A1, they needed for scheduled flights operations. THISDAY gathered that...

  • Posted April 26, 2016
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  Prepaid meters: NERC to sanction defaulting power firms

  Against the backdrop of the statement by electricity distribution companies that they cannot provide one million prepaid meters to customers yearly, the industry regulator has said it will sanction any Disco that fails to live up to...

  • Posted April 25, 2016
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  Fall in oil Price offers opportunity for growth – Ambode

  Lagos State Governor, Mr. Akinwunmi Ambode, at the weekend in far away United Kingdom, said the massive fall in oil prices in the international market is a blessing in disguise for Nigeria, just as he said the...

  • Posted April 25, 2016
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  CBN provides rice farmers with N4.9bn loan

  The Central Bank of Nigeria said on Sunday that a total of N4.9bn has been provided as loans to rice farmers under its anchor borrower program. The CBN Governor, Mr Godwin Emefiele stated this while speaking during...

  • Posted April 25, 2016
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  Consumers groan as food prices rise by 50%

  Following the persistent shortage in fuel supply and the harsh economic climate, there has been an average of 50 per cent hike in the prices of consumer goods and buyers are complaining bitterly. In some Lagos markets...

  • Posted April 25, 2016
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