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  • SON mulls stiffer sanctions against substandard goods

    Standards Organisation of Nigerian, SON, said it is considering imposing additional sanctions on importation of substandard goods. The Director General, Standards Organisation of Nigeria (SON) Dr. Joseph Odumodu disclosed this at a stakeholders’ forum on the maritime industry...

    • Posted January 11, 2015
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  • 179.7MT of rice imported in December

    Despite efforts by  the federal government to improve the nation’s local rice production, a total of 179,682 metric tones of the staple food were imported into the country last month alone. Another 30,000 metric tones of the product...

    • Posted January 11, 2015
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  • 48 ships laden with containers, foods expected in Lagos from January 8

    The Nigerian Ports Authority (NPA) on Thursday said it was expecting 48 ships to berth at Lagos ports from January 8 to January 25. According to NPA in a statement made available to the News Agency of...

    • Posted January 10, 2015
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  • Pipeline vandalism forces drop in power generation to 3,000MW

    The Transmission Company of Nigeria (TCN) Thursday disclosed that the maximum generated electricity available for it to transmit for distribution across the country has dropped to 3,000 megawatts (MW). TCN said in a statement signed by its...

    • Posted January 10, 2015
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  • Investors cautious about dollar bonds from Nigeria, others

    Investors are turning more cautious about dollar bonds from ‘frontier’ markets – a fast growing but less developed and higher risk sub-set of emerging economies – due to sliding oil prices, low trading volumes and expectations of...

    • Posted January 10, 2015
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  • Liquefied Natural Gas price crashes by 50% – Report

    As the price of crude oil dropped from $115 per barrel in June 2014 to less than $60 in December, a new report by Wood Mackenzie indicates that the spot price of Liquefied Natural Gas (LNG) also...

    • Posted January 10, 2015
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  • Investors cautious on Nigeria, other frontier markets’ debts

    Investors are turning more cautious about dollar bonds from frontier markets – a fast growing but less developed and higher risk sub-set of emerging economies which include Nigeria, due to sliding oil prices, low trading volumes and...

    • Posted January 10, 2015
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  • Nestle, others drag NSE index down by 2.4%

    Equities fell for the fourth straight session this week on Thursday as investors continued to give in to selling pressure. With the exception of the NSE Alternative Securities Market Index, which was unchanged at 1,213.36 basis points,...

    • Posted January 10, 2015
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  • FG steps up oil search in Chad Basin

    In the face of dwindling oil reserves, the Federal Government has said it will intensify the search for oil in the Chad Basin area. It said the prevailing security challenges in the area would not deter it...

    • Posted January 10, 2015
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  • AMCON set to sell Air Nigeria assets

    Three Boeing and Embraer planes as well as other assets belonging to Air Nigeria will soon be sold by the Asset Management Corporation of Nigeria, it has been learnt. The process that will lead to the sale...

    • Posted January 10, 2015
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  • 97 Nigerian oil fields idle

    In the face of dwindling production figures and spiral fall in crude prices, ninety-seven oil fields belonging to the country are currently not producing, findings by our correspondent have shown. The country has 315 oil fields in...

    • Posted January 10, 2015
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  • FG achieves total monitoring of maritime domain

    The federal government has attained a total monitoring of its maritime domain through the acquisition of satellite systems which uses radar to access movement of vessels and other navigational activities. With a coastline of over 800 kilometres,...

    • Posted January 10, 2015
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  • NSE Market capitalisation dips by N1.16tn in three days

    The renewed dumping of shares by investors at the stock market over uncertainty in the political landscape has led to a  dip of N1.160 trillion in the market capitalisation of the Nigerian Stock Exchange (NSE) in the...

    • Posted January 9, 2015
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  • House of the Week: A fabulous 5-bedroom detached house in Maitama, Abuja

    Set in the heart of Abuja city, our house of the week is a fabulous newly built 7 bedroom duplex for sale at Maitama, Abuja. This house is fully detached, tastefully finished and features 7 bedrooms, 7...

    • Posted January 9, 2015
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