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  • Independent petroleum producers target 1.2m bpd by 2020

    Members of the independent petroleum producers group on Wednesday said they would achieve 1.2 million barrels per day domestic refining capacity of petroleum products by 2020. The group, which consists of indigenous companies responsible for natural gas...

    • Posted August 21, 2015
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  • Stop direct crude allocation to NNPC – ANEEJ

    The Africa Network for Environment and Economic Justice has asked the Federal Government to stop direct crude allocation to the Nigerian National Petroleum Corporation. In a statement on Tuesday, ANEEJ Executive Director, Mr. David Ugolor, said, “We...

    • Posted August 21, 2015
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  • Android One will enhance Internet access in Nigeria, Africa – Google

    The release of Google Android One for mobile phones in Nigeria last week, will enhance internet access in the country and the whole of Africa, as the solution will be equally released soon in five other countries...

    • Posted August 21, 2015
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  • GTBank obtains four ISO Certifications

    Guaranty Trust Bank Plc (GTBank) said it has been awarded the International Organisation for Standardisation Certification: ISO/IEC 27001- for Information Security; ISO 20000 – for IT service management and ISO 22301 – for Business Continuity Management; along...

    • Posted August 20, 2015
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  • Total suspends crude oil delivery on onshore export pipeline

    Nigeria’s oil export has suffered setback as Total E&P Nigeria Limited (TEPNG) has stopped expedition of crude on its Obagi – Rumuekpe 12-inch oil export pipeline in Rivers State. The stoppage of oil expedition on the pipeline...

    • Posted August 20, 2015
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  • Dangote Cement helps stocks halt seven-session fall

    Gains by Dangote Cement Plc and 11 other stocks on Tuesday helped the equities segment of the Nigerian Stock Exchange to close on a positive note for the first time in eight trading sessions. Dangote Cement rose...

    • Posted August 20, 2015
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  • Access Bank completes rights issues, raises N41.8billion

    Access Bank Plc Tuesday announced successful completion of the Rights Issue of N41.8 billion following the approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The bank opened the issue on...

    • Posted August 20, 2015
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  • FG sets up investment Committee to track foreign investors

    In a move to revamp its investment drive and ensure that prospective investors are given the requisite information and support investment in the country,  the federal government on Tuesday set up a committee to track investment across...

    • Posted August 20, 2015
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  • NCC blocks 10.7 million telephone lines

    The Nigerian Communications Commission has blocked 10.7 million mobile telephone lines in the last one week (since August 11) for improper registration. It said on Tuesday that at the completion of a “strict monitoring of mobile operators...

    • Posted August 20, 2015
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  • NNPC to publish transactions from September

    The financial transactions of the Nigerian National Petroleum Corporation will be published periodically to ensure transparency beginning from next month, the Group Managing Director, NNPC, Dr. Ibe Kachikwu, has said. According to Kachikwu, the move is part...

    • Posted August 20, 2015
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  • LCCI wants government to encourage embedded power

    The Lagos Chamber of Commerce and Industry has highlighted the need for the government to spur investment in embedded power generation by providing an enabling environment for the private sector. The LCCI said the private sector must...

    • Posted August 20, 2015
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  • Investors seek compensation for N1.69bn loss

    A total of 379 investors, who lost N1.69bn on the Nigerian Stock Exchange, have sought claims from the Investor Protection Fund, data provided by the IPF Board of Trustees, show. The IPF is a statutory fund established...

    • Posted August 20, 2015
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  • Crude exporters, firms downsize with oil at six-year low

    Other than Nigeria’s plummeting finances, oil companies in the country’s oil and gas sector, as is the case with oil producers worldwide, have been forced to scale down on investments, slash their budgets and lay off staff...

    • Posted August 20, 2015
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  • SON seeks law against exportation of uncertified products

    the Standards Organisation of Nigeria on Monday said there was a need to put in place a law that would prohibit the exportation of products not duly certified by the appropriate authorities. The Director-General, SON, Dr. Joseph...

    • Posted August 19, 2015
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