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  • Naira’s black market fall a “major concern” to CBN – BDCs’ chief

    Nigeria’s naira hit a fresh low on the black market on Wednesday and the head of its bureau de change association urged his members to help stabilise the currency, whose continued weakness had become a “major concern”...

    • Posted February 16, 2017
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  • Nigeria’s January inflation seen to remain flat

    The Financial Derivatives Company Limited (FDC) has estimated a relatively flat movement in the January headline inflation rate to 18.6 per cent, from 18.55 per cent recorded in December. The National Bureau of Statistics is expected to...

    • Posted February 15, 2017
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  • OPEC members pump less oil in January

    The Organisation of Petroleum Exporting Countries (OPEC) members more than fulfilled their plan to lower oil output in January, a report published by the group of major producers yesterday has said. The OPEC members decided in November...

    • Posted February 15, 2017
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  • DisCos fail to settle N243bn GenCos’ debts

    The 11 electricity Distribution Companies (DisCos) operating in Nigeria have not settled a debt of N243bn for power supplied by 25 Generating Companies (GenCos) as at the end of 2016. Latest data released by the National Bureau...

    • Posted February 15, 2017
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  • NNPC to import more petrol

    The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase the February supply of petrol by six additional cargoes to the existing national sufficiency of over 32 days and import three additional diesel cargoes before the...

    • Posted February 15, 2017
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  • Niger Delta stakeholders warn against open destruction of illegal refineries

    Niger Delta stakeholders, including oil-producing communities, regulators and civil society groups, yesterday warned against the open destruction of illegal refineries by the security forces operating in the region. In a communique released at the end of the quarterly...

    • Posted February 14, 2017
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  • Dangote targets 25,000 hectares of rice in Sokoto

    Dangote Rice, a subsidiary of Dangote Group, is set to launch in Sokoto State it’s multi-million naira 25,000 hectares of rice outgrower scheme with a prospect of hundreds of employment opportunities for the rural communities. By year-end...

    • Posted February 14, 2017
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  • Why gas generation drops – NPDC

    The Nigerian Petroleum Development Company (NPDC,) an upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), has explained the gap in its supply of gas for power generation in the country. In  a presentation to the House...

    • Posted February 14, 2017
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  • SAHCOL records 35m tonnes of cargo imports in 2016

    The Skyway Aviation Handling Company Limited (SAHCOL) at the weekend explained that as against 31million metric tonnes of cargo import carried out in 2015, imports in 2016 increased to 35million tonnes indicating an increase of 12.9 per...

    • Posted February 14, 2017
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  • Arik requires N10bn to return to full operations

    Arik Air, the largest Nigerian carrier taken over last week by the Federal Government would require N10bn to return to full and uninterrupted flight operations. The Asset Management Corporation of Nigeria (AMCON) which took over the management...

    • Posted February 13, 2017
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  • Digitisation: Senate to invite NBC boss, stakeholders over set-up boxes, others

    The Senate Committee on Information says it will invite the Director General of National Broadcasting Corporation (NBC), Modibbo Kawu, to answer complaints by some Nigerians on non-functional set up boxes. The Chairman of the committee, Sen. Suleiman...

    • Posted February 13, 2017
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  • FG to reposition economy by leveraging on ICT – Perm Sec

    The Ministry of Communications says the Federal Government is repositioning the country’s economy by leveraging on Information Communications Technology (ICT). A statement issued in Abuja by Mrs Pauline Sule, the Assistant Chief Information Officer, quoted Mr Sonny...

    • Posted February 12, 2017
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  • NYSC, CBN, other banks to give loans to corps members – Official

    The National Youths Service Corps (NYSC), says it will partner the Central Bank of Nigeria (CBN) and other commercial banks to provide soft loans to corps members across the country. The Sokoto State Coordinator of the scheme,...

    • Posted February 12, 2017
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  • Sokoto to procure 50,000 tonnes of fertiliser at N5bn

    As the wet season farming approaches, the Sokoto State government on Friday said it will procure 50,000 metric tonnes of fertiliser at the cost of N5 billion for farmers in the state. Speaking after the state executive...

    • Posted February 11, 2017
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