Industries

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  Federal Government plans to invest US$2.68 billion in Indonesia refinery

  The Federal Government plans to invest RP24 trillion (about US$2.68 billion) in Indonesia to fund...

  • Posted October 13, 2011
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• Nigeria Gas and Steel invests N750m on local steel pipe mill

  The Nigeria Gas and Steel Limited (NGSL) has invested a  $5 million (N750 million)...

  • Posted October 13, 2011
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  President Goodluck Jonathan sacks 10 agencies from ports

  President Goodluck Jonathan yesterday  approved the sack of 10 agencies from the nation’s seaports. The...

  • Posted October 11, 2011
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  Pipeline explosion leads to Shell force majeure

  An explosion at a pipeline in Nigeria has led Shell to declare force majeure...

  • Posted October 11, 2011
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  Sirius Petroleum eyes first marginal oil field project in Nigeria

  Sirius Petroleum  has signed an agreement that could lead to it taking a 40%...

  • Posted October 11, 2011
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  FG plans N100b power subsidy for low income earners

  The Federal Government is to inject N100 billion in the 2012 budget as subsidy to...

  • Posted October 10, 2011
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• AP sacks 100 staff

  African Petroleum (AP) Plc, one of the country’s leading downstream companies, has begun downsizing its workforce...

  • Posted October 10, 2011
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  Arik Air Orders Two Boeing 747-8 Intercontinental’s

  Arik Air Ltd. finalized Thursday an order to purchase two 747-8 Intercontinental airplanes from...

  • Posted October 8, 2011
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• Recapitalisation: NAICOM moves to stop ‘hot money’

  The National Insurance Commission (NAICOM) has adopted measures to ensure that stolen funds are not...

  • Posted October 7, 2011
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  NNPC seeks $1.5 billion loan from international lenders

  Nigerian National Petroleum Corporation, NNPC, is making plans to secure a $1.5 billion, five-year...

  • Posted October 7, 2011
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