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  • Nigeria on high-risk list in maritime crimes

    Nigeria has been classified among high-risk countries in doing international maritime business. The nation may henceforth have to pay more for the services of foreign seafarers. This was given in the latest maritime report obtained from the...

    • Posted March 28, 2016
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  • Scarcity of packaging materials threatens non-oil exports

    Non-oil exporters have raised the alarm over scarcity of jute bags used in packaging of cashew nuts and cocoa seeds for export. According to the exporters, over 1.5 million jute bags are required to bag the produce...

    • Posted March 28, 2016
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  • Forex scarcity: Demand for real estate drops

    The lingering scarcity of foreign exchange and economic slowdown hitting the country have created a glut in the Nigerian property market due to a sharp drop in demand, findings have revealed. Our correspondent gathered that since the...

    • Posted March 27, 2016
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  • Telcos disregard minister’s ultimatum on unused data

    Telecoms companies, Internet Service Providers and other companies offering Information and Communications Technology products and services have yet to commence the rollover of subscribed and unused data/Internet services after expiration. This was discovered on Friday; exactly two...

    • Posted March 27, 2016
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  • Farmers record $200m net income from rice scheme

    The rice revolution initiative has made Nigerian farmers to record an estimated $200m (N39.4bn) in net incomes in the past two years. The development has therefore created wealth for the farmers and their communities, according to a...

    • Posted March 27, 2016
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  • Agbakoba wants FG to appoint Minister for Maritime Industry

    A Lagos based maritime lawyer and former President of the Nigerian Bar Association (NBA), Mr. OlisaAgbakoba, SAN has urged the Federal Government to appoint a minister to solely oversee the maritime industry. Agbakoba stated that the appointment...

    • Posted March 27, 2016
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  • Fuel scarcity: NNPC begs Nigerians to be patient

    The Nigerian National Petroleum Corporation (NNPC) friday apologised to Nigerians for failing to keep up with its responsibility of ensuring that petrol is adequately available for use in the country having been allocated the largest share of...

    • Posted March 27, 2016
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  • New MPR, CRR will curtail inflation – Expert

    A financial expert, Mr Wale Abe, on Saturday applauded the decision of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR) and the Cash Reserve Ratio (CRR). Abe, who is the Executive Secretary...

    • Posted March 26, 2016
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  • Nigeria has over 5,000 exportable products – Expert

    A trade professional and Managing Director/Chief Executive Officer, Koinonia Ventures Limited, Mr. Olufemi Boyede, has said Nigeria needs to begin to explore its over 5,000 exportable products. He stated this in Lagos during a press conference to...

    • Posted March 26, 2016
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  • Stock transactions rose by 39.44% in February — NSE

    The total transactions at the Nigerian Stock Exchange increased by 39.44 per cent from N84.10bn recorded in January 2016 to N117.27bn (about $0.60bn) in February 2016. In comparison with the same period in 2015, the total transactions...

    • Posted March 26, 2016
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  • Nigerian oil companies, banks still in good shape – Kachikwu

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that oil companies and other related financial institutions operating in Nigeria will not go bankrupt following the current volatility in the prices of crude oil...

    • Posted March 26, 2016
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  • Capital flight from foreign airlines hits $4bn annually

    Revenues from ticket sales by foreign airlines, salary emoluments from expatriate pilots and engineers, and cost of aircraft maintenance overseas have risen to over $4 billion annually, THISDAY checks have revealed. The National Association of Nigerian Travel...

    • Posted March 26, 2016
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  • Transcorp Hotels posts N5.3bn profit, to pay 40k dividend

    Transcop Hotel Plc has announced a profit before tax of N5.378 billion for the year ended December 31, 2015, showing an increase of 23 per cent above the N4.340 billion recorded in 2014. Profit after tax stood...

    • Posted March 26, 2016
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  • House opens investigations into oil prospecting, mining licenses

    The House of Representatives has set up an ad hoc committee to investigate the processes of the award of Oil Prospecting Licences (OPL) and Oil Mining Licences (OML) to all its beneficiaries. The House said the investigation...

    • Posted March 26, 2016
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