All posts by Ifreke Inyang

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  Pollution: Ogoni indigenes demand $100bn restoration funds

  Indigenes of Ogoniland in Rivers State, on Tuesday, demanded $100bn as restoration funds for the Niger Delta to, among other issues, address the clean-up of the area and compensate them for the massive pollution caused by oil...

  • Posted August 7, 2014
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  Shell begins crude oil production in Bonga North West Field

  Nigeria’s oil and gas industry has recorded another major achievement as Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) wednesday started oil production from the first well at the Bonga North West...

  • Posted August 7, 2014
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  Increase investments in Nigeria, FG urges UK firms

  The Federal Government has unveiled plans to deepen bilateral trade relations with the United Kingdom in order to attract fresh investments into the country. The Minister of State for Finance, Ambassador Bashir Yuguda, disclosed this during a...

  • Posted August 6, 2014
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  Dangote Sugar Refinery records N10.3bn half-year profit

  Dangote Sugar Refinery (DSR) Plc on Monday reported a profit before tax of N10.3 billion for the half year ended June 30, 2014, showing a decline of 5.5 per cent compared to N10.9 billion recorded in the...

  • Posted August 6, 2014
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  Dollar supply bolsters naira

  The naira strengthened against the dollar at the interbank market yesterday, reaching its strongest in almost three months, as a unit of Royal Dutch Shell sold dollars and demand for the greenback weakened. The nation’s currency closed...

  • Posted August 6, 2014
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  Shell not cleaning Ogoni oil pollution – Amnesty, others

  Little action has been taken to clean up pollution caused by oil production in the Niger Delta region, either by the government or Shell Oil, Amnesty International and other groups have said. Oil production has contaminated the...

  • Posted August 6, 2014
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  FG to improve intra-African traffic to boost trade

  The Federal Government on Tuesday said it would ensure improvement on intra-Africa air transportation to boost trade across the continent. The Minister of Aviation, Mr. Osita Chidoka, disclosed this at the headquarters of the Federal Ministry of...

  • Posted August 6, 2014
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  Lekki Concession agreement is a fraud – Dosunmu

  The Lagos State governorship candidate on the platform of the Peoples Democratic Party (PDP) in 2011 election, Dr. Adegboyega Dosunmu has said that the Lekki Concessioning Company (LCC) was a scam from its conception. Dosunmu, who was...

  • Posted August 6, 2014
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  Africa offers US firms compelling trade, investment opportunities

  As the US-African leaders’ summit continues in Washington DC, United States of America, Africa’s largest bank by assets and earnings—Standard Bank Group, has said the continent offers American multinationals a compelling trade and investment opportunity due to...

  • Posted August 6, 2014
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  NNPC, Shell, others lose $180m to closure of EA Offshore Field

  The Nigerian National Petroleum Corporation (NNPC) and international partners in the Shell Petroleum Development Company (SPDC) operated joint venture are losing about $180 million to the suspension of crude oil production at the East Area (EA) field....

  • Posted August 6, 2014
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