Latest News

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  FG denies indebted oil marketers import license

  The Minister of State for Petroleum Resources, Ibe Kachikwu, has directed the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Nigerian National Petroleum Corporation (NNPC) to deny import license and loading of petroleum products to oil marketing...

  • Posted March 28, 2017
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  Complaints over outages, high bills persist with 4,000mw grid

  The national electricity grid has sustained a peak generation of over 4,000 megawatts (mw) in the past weeks. It rose to 4,452mw last Wednesday with a transmitted energy of 90,983 megawatt hour (mwh); as at weekend, the...

  • Posted March 28, 2017
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  Prices of food items slip as dollar crashes further

  Price of food Items in some markets across the country has began to reduce due to the appreciation of naira against the United States Dollar. Our reporters gathered from Suleja market, one of the main source of...

  • Posted March 27, 2017
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  Uncertainty trails new Abuja airport terminal

  The airport facility is one of four being built with a $600 million loan from the Chinese government by the China Civil Engineering and Construction Company (CCECC) as part of the contractual agreement. The facility, expected to...

  • Posted March 27, 2017
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  FG may transform illegal refiners to shareholders of proposed modular refineries

  Local “illegal” refiners in the oil-producing communities maybe  co-opted as shareholders in the Federal Government’s proposed modular refineries, a presidency source has disclosed. The source who preferred to remain anonymous said the Presidency and the Nigeria Sovereign...

  • Posted March 27, 2017
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  NCC says active telecoms users now 154.1m

   Active users of telecommunications services in Nigeria increased from 155.1 million in January to 154. 1 million in February, the Nigerian Communications Commission (NCC) has said. The NCC noted a decrease of 993,063 in the number of...

  • Posted March 26, 2017
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  FG assures power companies of support

  The Minister of Power, Works and Housing, Mr Babatunde Fashola says the Federal Government will support power companies in Nigeria to resolve its generation problem. Fashola, who gave the assurance in Abeokuta during a tour of Olorunsogo...

  • Posted March 26, 2017
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  NIS unveils online Visa-on-Arrival platform

  The Nigeria Immigration Service (NIS) has announced the introduction of a liberalised online Visa-on-Arrival (VOA) facility to the public, especially foreign investors willing to invest in Nigeria. The Comptroller-General of the NIS, Muhammad Babandede, made the announcement...

  • Posted March 25, 2017
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  Oil prices recover marginally as OPEC, non-members meet Sunday

  Crude oil prices hovered above a four-month low on Thursday, recovering slightly from last Wednesday losses as increased United States inventories and rising global output dampened efforts by the Organisation of Petroleum Exporting Countries (OPEC) to curb...

  • Posted March 25, 2017
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  First cargo of fertilizer arrives from Morocco – NNPC

  The first consignment of fertilizer from  Moroccon has arrived Nigeria, even as more cargoes that will fit the various blending plants are on the way, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr....

  • Posted March 24, 2017
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  Nigeria to spend $143bn on ICT imports by 2019 – NITDA DG

  If the trend of importation of ICT products is not stopped or at least reduced to a barest minimum, Nigeria would be spending $143.8bn on ICT imports in 2019, the Director General of the National Information Technology...

  • Posted March 24, 2017
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  Dollar now N385 at street markets, as CBN supplies $100m

  Traders in Abuja and Lagos yesterday purchased United States dollar at the rate of N385, indicating greater apprehension among dealers and speculators. The traders said the naira continues to firm up against major currencies, due to the...

  • Posted March 24, 2017
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• NNPC shops for $15bn to build 4,000MW power plants

  The Nigerian National Petroleum Corporation (NNPC) has disclosed that it will invest about $15 billion to build thermal power plants with a combined generation capacity of 4,000 megawatts (MW) across the country over the next 10 years....

  • Posted March 23, 2017
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  CBN keeps rates on hold, sees Naira rate improving

  The Central Bank of Nigeria (CBN) kept the main interest rate at 14 percent as expected on Tuesday and pledged to close the gap between the official and black market exchange rate. CBN governor Godwin Emefiele said...

  • Posted March 22, 2017
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