Industries

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  New forex policy raises import duty by 43%

  Following the commencement of the implementation of the new foreign exchange policy, which moves...

  • Posted July 7, 2016
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  Vandalism: NNPC halts petrol supply to depots

  The Nigerian National Petroleum Corporation has stopped pumping Premium Motor Spirit (petrol) to its...

  • Posted July 7, 2016
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  DMO’s plan to raise N940bn from domestic market suffers setback

  The devaluation of the naira following the flexible exchange rate regime by the Central...

  • Posted July 7, 2016
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  PENGASSAN to withdraw members from oil locations

  The Petroleum and Natural Gas Senior Staff Association of Nigeria has ordered its members...

  • Posted July 6, 2016
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  NECA clarifies retrenchment in banks

  The Nigeria Employers’ Consultative Association has clarified the alleged retrenchment of workers by some...

  • Posted July 6, 2016
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  NNPC to investigate alleged monopoly in LPG market

  The Pipelines and Product Marketing Company Limited a subsidiary of the Nigerian National Petroleum...

  • Posted July 6, 2016
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  Insurance industry’s total premium hits N350bn

  The insurance industry has announced a total premium of N350 billion in its business activities in 2015,...

  • Posted July 5, 2016
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  Manufacturers lose N348.6bn to new forex policy

  Manufacturers who had outstanding dollar requests and Letters of Credit (applied for at N197/dollar)...

  • Posted July 5, 2016
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  Oando announces N4.1bn profit for Q1

  Indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, Oando Plc,...

  • Posted July 5, 2016
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  Gas investment deficit denies Nigeria 40,000MW of electricity

  Natural gas reserves capable of generating 40,000 megawatts of electricity for Nigeria have remained...

  • Posted July 4, 2016
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