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  • Stock Market investors count losses

    As stakeholders in the nation’s stock market looks forward to the formal closing of trade tomorrow, many of them are highly disappointed that they are ending the year with losses. When    the market opened for trading in...

    • Posted December 31, 2015
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  • ENI’s force majeure will only impact LNG production in short term – NLNG

    The Nigeria Liquefied Natural Gas (NLNG) Limited has stated that the recent force majeure declared by the Nigeria Agip Oil Company (NAOC), the Nigerian subsidiary of ENI, on gas supply from its Obiafu-Obrikom (OB/OB) gas plant to...

    • Posted December 30, 2015
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  • Farmers want FG to tackle poultry products’ smuggling

    Poultry and Livestock Farmers Association of Nigeria (POLFAN), Lagos Chapter, has called on the Comptroller-General of Customs, Col. Hameed Alli (rtd.) and all relevant security agencies to tackle smugglers of contraband poultry products, who they alleged, are...

    • Posted December 30, 2015
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  • NNPC sells petrol to IPMAN’s filling stations on credit

    As part of its special intervention fuel supply across the country, the Nigerian National Petroleum Corporation (NNPC) has commenced direct sales of petrol to filling stations owned by members of the Independent Petroleum Marketers Association of Nigeria...

    • Posted December 30, 2015
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  • Naira appreciates to N260/$1 on parallel market

    The naira edged higher to about N260 to a dollar on the parallel market yesterday, compared with about N266 to a dollar it was before last week’s public holidays. THISDAY findings from most of the parallel market...

    • Posted December 30, 2015
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  • Buhari, Elumelu on 100 most influential Africans’ list

    The Chairman, Board of Directors, United Bank for Africa Plc, Tony Elumelu, has been named among the “100 most Influential Africans of 2015.” The list is published by the pan African magazine, New African, and presents Africa’s...

    • Posted December 30, 2015
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  • FG allocates N1.47tn for debt servicing in 2016

    The Federal Government has proposed a sum of N1.475tn to service the nation’s debt in the 2016 fiscal period. The proposal is contained in the budget document, which was submitted by President Muhammadu Buhari to a joint...

    • Posted December 30, 2015
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  • Bankers move to reduce non-performing loans

    Bankers in the country and West Africa have been urged to reduce the amount of non-performing loans in the Deposit Money Banks’ books by coming up with policies that will minimise credit risks. The West African Bankers...

    • Posted December 30, 2015
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  • Gas flaring: Senate to go tough on firms

    Worried by the excessive waste of gas through flaring, the Senate Committee on Gas has threatened to go tough on errant oil firms by ensuring the enforcement of necessary legislation against it from next year. The Chairman...

    • Posted December 30, 2015
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  • Falling oil price no cause for alarm – Buhari

    President Muhammadu Buhari has given an assurance that by blocking all leakages in revenue generation and eliminating wastes, the country will generate enough revenue to finance the N6 trillion budget he submitted to the National Assembly. The...

    • Posted December 29, 2015
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  • We can’t reverse ATM card ban abroad – CBN

    The Central Bank of Nigeria has said the decision of Deposit Money Banks to place a restriction on the use of Automated Teller Machine cards abroad by bank customers is due to scarcity of foreign exchange. The...

    • Posted December 29, 2015
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  • Ogbe wants subsidy fund diverted to agriculture

    he Minister of Agriculture and Rural Development, Chief Audu Ogbe, has said that the country would benefit more if the funds earmarked for fuel subsidy was channelled into the agricultural sector. According to Ogbe, the multi-billion naira...

    • Posted December 29, 2015
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  • NNPC to name filling stations, trucks receiving fuel

    The Pipelines and Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said it will start publishing trucks and the stations receiving fuel from Tuesday (tomorrow), in a bid to ensure effective monitoring. The...

    • Posted December 29, 2015
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  • Sell refineries as scrap – IPMAN tells FG

    The Federal Government has been advised to sell off any of the nation’s refineries that fails to come back on stream as well as deregulate the downstream sector of the oil and gas industry. The National Operation...

    • Posted December 29, 2015
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