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  • Oil output rises to 2.1 million barrels per day – NNPC

    Nigeria’s oil production has risen to 2.1 million barrels a day, the managing director of state oil firm NNPC said on Tuesday, without giving an explanation for the increase. “We are hoping that by the end of...

    • Posted March 1, 2017
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  • FG to hire 350,000 more unemployed graduates

    The federal government has announced plans to hire 350,000 more unemployed graduates under the N-Power Volunteer Corps. The Senior Special Assistant on Media and Publicity to the Acting President, Mr. Laolu Akande, said President Muhammadu Buhari has...

    • Posted February 28, 2017
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  • AMCON scales down Arik’s operations

    Following its take over of Arik Air over two weeks ago, the Asset Management Corporation of Nigeria (AMCON) has scaled down the flight operations of Nigeria’s premier carrier to less than 30 per cent of the its...

    • Posted February 28, 2017
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  • Ministry, CPC to save consumers from telecoms abuses

    The Minister of Communications Technology, Barrister Adebayo Shittu, has said that his ministry and the Consumer Protection Council (CPC) need to collaborate to save Nigerians from consumer abuses in the telecom sector. The minister made the call...

    • Posted February 28, 2017
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  • FX scarcity: 40% of domestic aircraft on ground

    The volume of aircraft on ground (AOCs) has increased in recent times due to difficulty being faced by airlines in accessing foreign exchange, Daily Trust checks have shown. Findings show that more than 40 per cent of...

    • Posted February 28, 2017
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  • PIGB: FG proposes payments of NNPC’s dividends into SWF

    The Federal Government has proposed that some of the dividends from the operations of the Nigerian National Petroleum Corporation (NNPC) expected to be re-organised in line with the Petroleum Industry Governance Bill (PIGB) should be paid into...

    • Posted February 27, 2017
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  • DPR attributes scarcity of petrol in Akwa Ibom to strike by tanker drivers

    The Department of Petroleum Resources (DPR), Eket Field office, Akwa Ibom has attributed the scarcity of petrol in the state to the strike by tanker drivers. Mr Bassey Nkanga, the Controller of DPR in charge of Akwa...

    • Posted February 27, 2017
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  • FG recalls two sacked NCAA directors

    The federal government has recalled two out of the nine directors who were sacked from the Nigerian Civil Aviation Authority (NCAA) on Friday. The duo are Adamu Abdullahi, Director of Consumer Protection, and Ayodele Sasegbon, Director of...

    • Posted February 27, 2017
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  • FG appoints directors, GM for FAAN

    The Federal Government has appointed three new directors and a General Manager for the Federal Airports Authority of Nigeria (FAAN). The directors, according to a statement from the Acting General Manager, Corporate Affairs, Mrs. Henrietta Yakubu, are...

    • Posted February 26, 2017
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  • Firm commences construction of $552m power plant

    The ARM-Harith Infrastructure Fund, (ARMHIF), has commenced the construction of the $552 million Amandi Energy Power Plant,  a 200 megawatt  combined cycle, dual-fuel power project in Aboadze, Ghana. In a statement made available by the project company...

    • Posted February 26, 2017
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  • Lawal appointed as GTBank ED

    The Board of Directors of Guaranty Trust Bank plc, has announced the appointment of Mobolaji Lawal as an Executive Director of the Bank. Prior to his appointment, he was the Divisional Head, Digital Banking Division. Lawal joined...

    • Posted February 25, 2017
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  • Nigeria produced oil at $27/b in 2016 – NNPC

    The cost incurred to produce a barrel of crude oil in Nigeria has declined to $27 per barrel as at year end 2016, from more than $70 per barrel in 2014. The Nigerian National Petroleum Corporation (NNPC)...

    • Posted February 25, 2017
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  • FG declares 2017 budget ‘padding-free’

    A presidential directive to deduct outstanding electricity bill of the military and para-military from their 2017 budgets has been issued, the Director General, Budget Office of the Federation,  Ben Akabueze, has said. Speaking yesterday while briefing journalists...

    • Posted February 25, 2017
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  • Emirates appoints new manager for Nigerian, West African operations

    Dubai, United Arab Emirates (UAE) based carrier, Emirates, has appointed Afzal Parambil, as its Regional Manager for West Africa. Prior to taking up his new appointment, Mr Parambil served in a number of commercial roles within Emirates,...

    • Posted February 25, 2017
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