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  • Depot owners protest lease of jetty

    The Petroleum Product Depot Owners Association has called for an intervention in the lease of the Waziri Jetty and its adjourning land by the Nigerian Ports Authority. The association said at a press conference in Lagos that...

    • Posted December 18, 2015
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  • Investors to build new refineries within old plants

    The Federal Government is engaging private investors to build new refineries within the existing old ones, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. Kachikwu, who doubles as the Group Managing Director of...

    • Posted December 18, 2015
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  • Dollar scarcity: Banks cut customers’ spending abroad by 80%

    Nigerian bank customers who are planning to use their payment cards for shopping via Point of Sale terminals in malls and make hard currency withdrawals via Automatic Teller Machines overseas are in for a shock! Reason: Deposit...

    • Posted December 18, 2015
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  • CBN unveils 62,021 prepaid meters for distribution to Kano Disco customers

    The Central Bank of Nigeria (CBN) on Tuesday in Kano launched the acquisition of 62, 021 metres to be distributed to electricity consumers under Kano Electricity Distribution Company (KEDCO). This is part its N213 billion intervention programme...

    • Posted December 18, 2015
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  • Dangote gives distributors 150 free trucks to boost cement distribution

    Dangote Cement Plc has rolled out over 150 new trucks to ease the distribution and availability of cement across the country, noting that this move by the company was to help distributors service their customers, deliver the...

    • Posted December 18, 2015
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  • We stopped OPAs, crude swaps to remove rent seekers – Kachikwu

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday said the federal government decided to do away with the country’s former practices of Offshore Processing Agreements (OPAs) and the crude-for-products-exchange arrangement, also known as...

    • Posted December 18, 2015
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  • Diamond Bank partners WTEC to ICT training on women

    Diamond Bank has just concluded a six month training programme on information and communications technology (ICT) for 100 young women in Ibadan, Oyo State. Held in collaboration with Women’s Technology Empowerment Centre (WTEC), the training saw the...

    • Posted December 18, 2015
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  • TUC, LCCI differ on proposed petrol price rise

    The Federal Government should not effect the proposed increase in the price of Premium Motor Spirit, popularly known as petrol, without reaching an agreement with the organised labour, the Trade Union Congress of Nigeria has warned. However,...

    • Posted December 17, 2015
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  • Blueprint for Ajaokuta, Itakpe out soon – Fayemi

    The Federal Government will soon unfold its blueprint for the rehabilitation of the Ajaokuta Steel Company and the National Iron Ore Mining Company, Itakpe, in Kogi State. The Minister of Solid Minerals Development, Dr. Kayode Fayemi, disclosed...

    • Posted December 17, 2015
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  • TUC opposes reintroduction of tolling on roads

    The Trade Union Congress of Nigeria has described the planned reintroduction of tolls to assist the government in raising funds as an unwelcome development. In a communiqué issued at the end of its National Executive Council meeting...

    • Posted December 17, 2015
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  • Customs generates N13bn in 11 months

    With just two weeks to the end of year 2015, the Nigeria Customs Service (NCS), Oyo/Osun command has declared that N13billion was realised as revenue between January and November this year. The acting Customs Area Controller, Mr....

    • Posted December 17, 2015
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  • Angola overtakes Nigeria in crude oil production

    Nigeria’s crude oil production fell by 250,000 barrels per day (bpd) in November, making the country lose its status as Africa’s top oil producer to Angola, latest data from the Organisation of Petroleum Exporting Countries (OPEC) has...

    • Posted December 17, 2015
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  • NUPENG blames FG for protracted fuel scarcity

    The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has blamed the federal government for the protracted scarcity of petroleum products in the country, describing government explanations as window dressing. The union also said while it...

    • Posted December 17, 2015
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  • China seeks increased trade, cultural exchange with Nigeria

    The Chinese government has announced its commitment and readiness to increase the cultural exchange, economic and trade relationships with Nigeria, noting that China-Nigeria cooperation in all fields is developing steadily with both countries’ culture attracting more attention...

    • Posted December 17, 2015
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