Latest News

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  Dangote commences work on Okpella cement plant

  Dangote Cement Plc on Saturday began the construction of a new cement plant in Okpella, Edo State. The new cement plant and others in the pipeline, estimated to cost $1bn, are expected to increase the $3bn the...

  • Posted April 12, 2016
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  FG eyes N1tn JV funds to finance budget deficit

  The Federal Government may use money set aside for funding joint venture projects with foreign and local oil firms to make up any shortfall in the 2016 budget if its revenue projections are not met, the Minister...

  • Posted April 12, 2016
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  Fuel scarcity persists in Lagos, Abuja, others

  Fuel scarcity continued across the country on Sunday as hundreds of motorists and other petrol users formed long queues at the filling stations that dispensed the product. This is contrary to the promise by the Minister of...

  • Posted April 12, 2016
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  e-Dividend: SEC seeks monarch’s support

  The management and staff members of the Securities and Exchange Commission have visited the Oba of Lagos, Oba Rilwan Akiolu, as part of the electronic dividend sensitisation campaign in Lagos. In a statement on Sunday, the Director-General,...

  • Posted April 12, 2016
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  Job losses loom at airports over high tariffs

  There are fresh concerns among airlines, ground and cargo handling companies and other business operators across the nation’s airports with respect to cost of operation and ease of doing business within and around the facilities. The concerns...

  • Posted April 11, 2016
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  Refineries lose N14bn in one month

  The amount of crude oil processed by Nigeria’s three refineries slumped by 224,342 metric tonnes between January and February 2016, the latest financial and operations report of the Nigerian National Petroleum Corporation indicated. It also showed the...

  • Posted April 11, 2016
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  Fiscal crisis: Ambode proposes strategies for national recovery

  Lagos State Governor, Mr. Akinwunmi Ambode at the weekend proposed four key strategies to reverse the prevailing economic challenges currently confronting Nigeria. He said that for Nigeria’s economy to improve substantially, its leaders at the national and...

  • Posted April 11, 2016
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  Scarcity: FG releases 7,000 outstanding petrol loading tickets of independent marketers

  The federal government has begun to release to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) trucks of petrol to offset about 7,000 of their  loading tickets which they said had been outstanding at products...

  • Posted April 11, 2016
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  FG to increase taxpayer base

  Vice President Yemi Osinbajo has described the current five per cent Value Added Tax rate in the country as very low, adding that the Federal Government would increase the taxpayer base this year. Osinbajo stated this on...

  • Posted April 11, 2016
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  SON seeks product certification

  The Standards Organisation of Nigeria says it has introduced the Standards and Certification Initiative to promote sustainable growth of the Micro, Small and Medium Enterprises in the country. It said the scheme followed the dwindling oil revenue...

  • Posted April 10, 2016
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  Navy impounds 30 vessels over oil theft

  Flag Officer Commanding, Eastern Naval Command, Rear Admiral Atiku Abdulkadir, has disclosed that the command impounded over 30 vessels and countless number of boats for oil theft. Abdulkadir stated this at the parade ground of the Nigerian...

  • Posted April 10, 2016
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  LCCI calls for flexible exchange rate

  The Lagos Chamber of Commerce and Industry has proposed the adoption of a flexible exchange rate regime as a solution to the current economic crisis in the country. The proposal was contained in a speech delivered by...

  • Posted April 10, 2016
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  Morgan Stanley Index may exclude Nigeria from emerging markets over capital controls

  Index provider, Morgan Stanley Capital International (MSCI) is seeking feedback from investors on the ease of access to the Nigerian equity market, a move that could lead to the country being excluded from MSCI’s Frontier Markets index....

  • Posted April 10, 2016
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  Power sector lost N7.7bn to workers’ strikes – Fashola

  The frequent industrial action by workers in the electricity supply industry has resulted in the loss of about N7.734bn between 2014 and 2016, the Minister of Power, Works and Housing, Babatunde Fashola, has said. Fashola disclosed this...

  • Posted April 9, 2016
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