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  • National Assembly to deepen implementation of local content law

    The National Assembly has assured that it will provide adequate legislation to deepen the implementation of the local content law in the nation’s oil and gas sector as well as ensure the passage of the Petroleum Industry...

    • Posted April 10, 2017
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  • GTBank opens Tanzania branch

    The Guaranty Trust Bank, (GTBank), Plc, has said it will open its Tanzania branch this month as part of its growth plan outside the country. The bank’s managing-director, Mr Segun Agbaje, disclosed this in an interview with...

    • Posted April 9, 2017
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  • 15.2m passengers travelled through Nigerian Airports in 2016

    Latest figures released by the National Bureau of Statistics (NBS) have indicated that no fewer than 15,232, 597 air travellers went through Nigeria’s airports in 2016. However, in real terms, the output in the aviation sector declined...

    • Posted April 8, 2017
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  • Nigeria LNG starts talks with new customers on gas contracts expiring by 2022

    The Nigeria LNG Limited has begun talks with potential buyers of Liquefied Natural Gas (LNG) that will replace some of the existing customers whose current contracts will expire by 2022. The company is seeking buyers on new...

    • Posted April 8, 2017
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  • Export of raw minerals to be banned soon – Fayemi

    The Minister of Mines and Steel Development, Dr Kayode Fayemi, has said that government has put in place measures to stop exportation of raw solid minerals by October. Fayemi stated this in a lecture titled ‘Nigeria’s Solid...

    • Posted April 7, 2017
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  • NNPC reopens Warri refinery after power outage

    The 125,000 barrels per day (bpd) Warri refinery has resumed production of petrol, diesel and kerosene following the repair of an electric fault at the plant. The Nigeria National Petroleum Corporation (NNPC) had in February shut the...

    • Posted April 7, 2017
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  • 33 electricity turbines shut, grid loses 2,591mw over gas

    The national electricity grid lost 2,591 megawatts (mw) on Wednesday due to gas shortage, line constraint and low water level across 12 Generation Companies (GenCos), Daily Trust reports. Daily power generation statistics obtained by our reporter yesterday...

    • Posted April 7, 2017
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  • Buhari launches economic recovery plan

    President Muhammadu Buhari Wednesday morning launched the Nigeria Economic Recovery and Growth Plan. The brief ceremony, held inside the Council Chambers of the Presidential Villa, was attended by the national chairman of the All Progressives Congress John...

    • Posted April 6, 2017
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  • CBN to inject another $10,000 to BDCs

    The Central Bank of Nigeria (CBN) will inject additional 10,000 dollars proceeds of International Money Transfer Services Operators (IMTSO) to 3135 Bureau De Change Operators nationwide, Alhaji Aminu Gwadabe says. Gwadabe, the President, Association of Bureau De...

    • Posted April 6, 2017
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  • 2016: DangoteCem defies recession, records 25.1% growth

    In spite of the economic recession that hit Nigeria in 2016, especially the production industry due to the sharp crash in the value of the naira and difficult access to the dollar, the Dangote Cement PLC (DANGCEM-NL)...

    • Posted April 5, 2017
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  • Customs set to license inland bonded vehicle terminals – Official

    The Nigeria Customs Service (NCS) says it is set to issue licences for inland bonded vehicle terminals in the country. Mr Joseph Attah, the Public Relations Officer of the service, disclosed this in an interview with the...

    • Posted April 5, 2017
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  • Expert predicts naira appreciation as BDCs receive more Diaspora remittances

    Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) has said that the naira will soon bounce to glory as BDCs are set to receive more Diaspora remittances. Gwadabe told the News Agency...

    • Posted April 5, 2017
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  • Electricity supply drops to 3,800MW

    After what seems like an improvement in power generation in recent weeks, supply dropped to an average of 3,800 megawatts yesterday, THISDAY’s investigation has revealed. Before yesterday’s drop, average daily supply had exceeded 4,000 megawatts, with daily...

    • Posted April 4, 2017
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  • NNPC: Nigeria drops to seventh highest gas flaring country

    Nigeria has in the last 10 years dropped from being the second highest gas flaring nation in the world to now occupy the seventh position, the Nigerian National Petroleum Corporation (NNPC) disclosed yesterday. According to the NNPC...

    • Posted April 4, 2017
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