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  • Nigeria, others to remove trade barriers through standards

    The President, African Organisation for Standardisation, Dr. Joseph Odumodu, on Monday said that the harmonisation of standards within the African region would help to eliminate trade barriers. Odumodu, who is also the Director-General of the Standards Organisation...

    • Posted June 23, 2015
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  • Chevron to sell two more oil blocks

    The current wave of divestments of oil and gas assets by the international oil companies (IOCs) to increase indigenous participation in the industry has received a boost as Chevron has unfolded its plan to offer two more...

    • Posted June 23, 2015
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  • Address irregular oil blocks allocation – PENGASSAN tells Buhari

    The Petroleum and Natural Gas Senior Staff Association of Nigeria has challenged President Muhammadu Buhari to address irregular allocation and transfer of oil blocks, which it identified as one of the major challenges affecting the oil and...

    • Posted June 22, 2015
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  • Nigeria loses N399.4bn annually to poultry smuggling

    Nigeria is losing about $2.7bn (about N399.4bn) annually in revenue to smuggling of poultry products, the Poultry Association of Nigeria has said. The President of the association, Dr. Ayoola Oduntan, stated this while speaking during the 2015...

    • Posted June 22, 2015
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  • 36 states earn N2.87tn IGR in five years

    A total sum of N2.87tn was earned as Internally Generated Revenue by the 36 states of the federation within the last five years, a report prepared by the National Bureau of Statistics has shown. The report, a...

    • Posted June 22, 2015
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  • How Buhari can solve Nigeria’s energy challenges – NAEE

    The National Association of Energy Economists (NAEE) said at the weekend that for President Muhammadu Buhari to solve the country’s energy challenges, his government must seek to build and sustain institutional transparency in the sector NAEE told...

    • Posted June 22, 2015
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  • Nigeria’s telecoms market to generate $11bn by 2019

    An industry research conducted by Pyramid research team has revealed that Nigeria’s telecommunications market will generate over $11 billion at the tail end of 2019. The projection also unveiled that that the number of mobile subscribers in...

    • Posted June 22, 2015
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  • Benin Airport to be closed for four weeks for maintenance

    Air travellers taking the Benin City Airport in Edo State may have to seek alternative route as indications emerged Thursday that the airport would soon be closed for commercial flight activities for about four weeks. The airport,...

    • Posted June 21, 2015
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  • Oriental Energy, Afren Energy complete first development oil well

    Oriental Energy Resources Limited (OERL) and its JV Partners, Afren Energy Resources and Addax Petroleum have announced the completion and flow testing of their first development well, Okwok 13 in the OkwokMarginal Field in OML 67. The...

    • Posted June 21, 2015
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  • FG inaugurates committee to probe NIMC labour crisis

    The Federal Government has inaugurated an independent committee to address the labour crisis between the National Identity Management Commission and the Association of Senior Civil Servants of Nigeria. Deputy Director of Press, Federal Ministry of Labour and...

    • Posted June 21, 2015
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  • Power failure: Nigerians burn N17.5tn fuel on generators in five years

    Despite the huge government investment in the power sector in the last 16 years, Nigeria has only succeeded in mustering an installed electricity generation capacity of 10,000 megawatts. Yet, the country operates at about 30 per cent...

    • Posted June 21, 2015
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  • CBN, banks meet on Forex rules to avert JPMorgan ejection

    In a bid to forestall JPMorgan’s warning that it shall remove Nigeria from its Government Bond Index (GBI-EM) by the end of the year, the Central Bank of Nigeria (CBN) will today meet with chief executives and...

    • Posted June 20, 2015
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  • Dangote takes cement empire to Asia

    Africa’s richest man, Alhaji Aliko Dangote, has said he is expanding his cement empire to Asia and it will be operational in 30 months. The 58-year-old Nigerian billionaire said Dangote Cement Plc should complete a factory in...

    • Posted June 20, 2015
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  • Lafarge loses N2.5bn in six months to insurgency in North-East

    Group Managing Director/Chief Executive, Lafarge Africa, Mr. Guillaume Roux has revealed that the company incurred financial losses of about N2.5 billion as a result of the insurgency in the north-east region of the country. He said the...

    • Posted June 20, 2015
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