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  • Ikoyi, Lekki, VI, others face one-month power rationing

    The Eko Electricity Distribution Company has said it will begin power rationing today (Tuesday) in Lekki, Ikoyi, Victoria Island and some parts of Ajah, Lagos State. The company made the announcement on Monday in a statement signed...

    • Posted May 4, 2016
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  • Mining can earn N5trn for Nigeria yearly – Fayemi

    The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that Nigeria can generate about N5tn annually if it opens up the sector. He also said that the solid minerals sector had the potential to generate...

    • Posted May 4, 2016
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  • Delayed FIDs threaten Nigeria’s LNG projects

    The gradual shift away from long-term contracts in the global Liquefied Natural Gas market has been described as a threat to Nigeria’s LNG projects, which have over the years been stalled by a lack of Final Investment...

    • Posted May 4, 2016
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  • Capital market needs further expansion – Stanbic IBTC

    A stockbroking firm and member of Stanbic IBTC Holdings Plc, Stanbic IBTC Stockbrokers Limited, says there is a need to further deepen the Nigerian capital market with a view to providing investors with real-time trading information. This,...

    • Posted May 4, 2016
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  • Ogbeh gives marching order to Agricultural Agencies

    The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has directed all heads of agencies under his supervision to settle down quickly and work to ensure that activities in the agricultural sector commence fully immediately the...

    • Posted May 4, 2016
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  • Chevron records First Quarter loss of $725m

    The slump in the prices of crude oil has continued to take its tolls on companies’ financial results as Chevron Corporation at the weekend reported a loss of $725 million for first quarter 2016, compared with earnings...

    • Posted May 4, 2016
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  • FG unveils programme to generate 36,000 jobs

    The Minister of Industry, Trade and investment, Dr. Okechukwu Enelemah, weekend stated that the federal government was committed to tackling unemployment in the country through the Youth Entrepreneurship Support Programme (YES-Programme), which was expected to generate 36,000...

    • Posted May 4, 2016
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  • FG subsidy on petrol increases – PPPRA

    The federal government is now paying between N12.62 and N12.88 as subsidy for every litre of petrol consumed by Nigerians, the updated pricing template of the Petroleum Products Pricing Regulatory Agency (PPPRA) has shown. The template, which...

    • Posted May 4, 2016
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  • Interbank rate falls on budget, treasury bill funds

    The nation’s overnight interbank rate has fallen to an average of three per cent from five per cent a week earlier, data from the FMDQ OTC website have shown. This came after banking system liquidity rose following...

    • Posted May 3, 2016
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  • Lagos to build housing estates in all LGAs

    As part of its new housing policy, the Lagos State Government says it plans to partner local government councils in building construction. The Commissioner for Housing, Gbolahan Lawal, said the move would enable the state to provide...

    • Posted May 3, 2016
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  • Oil drilling to start year end in Chad Basin – Kachikwu

    The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, yesterday disclosed that Nigeria would start oil drilling activities in the Chad Basin by the last quarter of 2016. Kachikwu in a...

    • Posted May 3, 2016
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  • Aviation passenger traffic dipped by 0.4% in Q4 2015 – NBS

    Total aviation passenger traffic declined by 0.4 per cent in the fourth quarter of 2015, according to the National Bureau of Statistics (NBS). It noted that Q4 witnessed “both a quarterly and a year on year decline,...

    • Posted May 3, 2016
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  • Bi-Courtney claims Arik owes it N12.5bn

    Bi-Courtney Aviation Services Limited (BASL), the operator of the Murtala Muhammed Airport Two (MMA2), Lagos, has claimed that Arik Air’s alleged N12.5 billion indebtedness, which led to the disruption of its operations in Lagos and Abuja by...

    • Posted May 3, 2016
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  • First Bank leads as CBN sells $669m to banks in April

    As the Central Bank of Nigeria (CBN) continues with its demand management in the allocation of foreign exchange (forex) to end users in the economy, returns on forex utilisation published by commercial and merchant banks have shown...

    • Posted May 3, 2016
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