All posts by BusinessNews Staff

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  NNPC says there’s enough petrol

  The Nigerian National Petroleum Corporation (NNPC) Tuesday said it had stepped up efforts to maintain stability in the supply and distribution of petroleum products nationwide. The corporation disclosed in statement that it has enough stock of petrol...

  • Posted July 2, 2015
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  Atiku’s firm objects to N1.3bn suit

  A firm, Ports and Terminal Operators Nigeria Limited (PTOL), has accused the federal government of breaching a concession agreement they signed on May 11, 2006 over a terminal at Onne Port in Rivers State. It sued the...

  • Posted July 2, 2015
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  MainOne aims to double $300m investment

  MainOne said on Tuesday it was looking at doubling its current investment of over $300m in infrastructure to improve broadband connectivity and data centre services in West Africa in the next five years. The company stated that...

  • Posted July 2, 2015
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  Nigeria’s total debt rises to N12.1tn – DMO

  The nation’s total debt rose to N12.1tn ($60.8bn) as of March 2015, up from N11.2tn at the end of December 2014, data obtained from the Debt Management Office’s website showed on Tuesday. The statistics also showed that...

  • Posted July 2, 2015
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  Fuel queues resurface in Abuja

  Fuel queues have resurfaced in filling stations across the Federal Capital Territory as a number of the stations have stopped dispensing the product. It was not certain as of press time why some of the filling stations...

  • Posted July 2, 2015
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  Electricity consumers on estimated billing to pay less

  Electricity consumers across the country who are on estimated billing are to pay lesser than their counterparts who have been provided with meters, the Nigerian Electricity Regulatory Commission has said. The Chairman of NERC, Dr. Sam Amadi,...

  • Posted July 2, 2015
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  NSE targets sale of Apple, LVMH, other foreign shares on local bourse

  Nigerians will soon be able to invest in companies such as Apple Inc, LVMH Moet Hennessy and Louis Vuitton SE in their local currency at their local bourse. Although these global companies are looking to sell shares...

  • Posted July 2, 2015
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  EU targets improved access to power in Nigeria with €150m

  The European Union (EU) has disclosed its intention to plough about €150 million into Nigeria’s power sector, which it said would improve access to use of electricity across the country through various sources. EU representatives told reporters...

  • Posted July 1, 2015
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  Stakeholders allege manipulations in PPPRA template

  Oil and gas industry stakeholders that gathered at a Roundtable organised at the weekend in Lagos by NewsDirect Newspaper have alleged that the current template used by the Petroleum Products Pricing Regulatory Agency (PPPRA) to determine the...

  • Posted July 1, 2015
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  FG to borrow N240bn in third quarter

  The Federal Government is planning to borrow between N180bn and N240bn through the sale of government bonds in the third quarter, the Debt Management Office has said. According to the DMO, the amount will be borrowed through...

  • Posted July 1, 2015
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