Industries

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  Another 140,000 bpd shut in as Agip, AITEO close operations in Bayelsa

  Nigeria’s crude oil production capacity has again dropped by 140,000 barrels per day (bpd)...

  • Posted June 7, 2016
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  We have refunded N27bn illegally charged bank customers – CBN

  In continuation of its consultation with major stakeholders in the economy, the Central Bank...

  • Posted June 7, 2016
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  Lagos pays N1bn to 257 retirees

  The Lagos State Government has issued retirement benefit bond certificates to the tune of...

  • Posted June 7, 2016
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  Electricity drops to zero six times in one month

  The nation’s power generation plunged to zero megawatt six times last month, the highest...

  • Posted June 6, 2016
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  Power firms insist on mass disconnection of debtors

  Power distribution companies say they will go ahead with mass disconnection of electricity consumers...

  • Posted June 6, 2016
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  Economic recession looms as analysts predict -2.9% GDP growth rate in Q2

  Analysts at FBNQuest Ltd, an investment and asset management subsidiary of FBN Holdings Ltd,...

  • Posted June 6, 2016
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  Cautious optimism as oil heads to $60/barrel

  Last week, the United Arab Emirates’ economy minister, Sultan Bin Saeed Al Mansoori, reportedly...

  • Posted June 6, 2016
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  IATA: Airlines may boycott Nigeria, other countries with trapped funds

  The International Air Transport Association (IATA) yesterday hinted that foreign airlines may withdraw services...

  • Posted June 5, 2016
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  FG orders banks, financial institutions to suspend further retrenchment

  As economic downturn hits the nation harder, the federal government, yesterday, directed all banks...

  • Posted June 5, 2016
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  More innovation needed for financial market – CBN

  Operators in the country’s financial market need to leverage technological innovations to drive the...

  • Posted June 4, 2016
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