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  • FG to raise N340bn in bonds in Q4 – DMO

    The country plans to raise between N250bn and N340bn ($794.91m -$1.08bn) in local currency-denominated bonds in the fourth quarter of this year, the Debt Management Office said on Tuesday. The debt office said it would auction between...

    • Posted September 29, 2016
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  • Shell shuts 180,000-bpd oil pipeline, exports threatened

    The nation’s crude oil exports have suffered another setback with the shutdown of the Trans Niger Pipeline, which carries Bonny Light crude, as a precautionary measure after a fire was seen, a spokesman for Shell Petroleum Development...

    • Posted September 28, 2016
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  • Nigeria’s foreign reserves drop to $24.74bn

    The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, says Nigeria’s foreign reserves have reduced from $26.51 billion in the second quarter of 2016 to $24.74 billion in September. Udoma on Tuesday said this at...

    • Posted September 28, 2016
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  • NCAA to meet foreign airlines over rejection of naira

    The Nigerian Civil Aviation Authority says it will convene a meeting with foreign airline operators over their alleged rejection of naira payment for flight tickets. The General Manager, Public Relations, NCAA, Mr Sam Adurogboye, on Tuesday confirmed...

    • Posted September 28, 2016
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  • NCC writes AGF, demands N50bn paid by MTN

    The Nigerian Communications Commission has written the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, demanding the transfer of the initial N50bn paid by MTN Nigeria Communications to the regulator’s account with the...

    • Posted September 28, 2016
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  • Access Bank plans to issue fresh Eurobond

    Access Bank Plc is set to issue the first Eurobond from Nigeria in almost two years after choosing banks to arrange a new deal. Nigeria’s fourth-largest lender by assets will meet investors in the United States and...

    • Posted September 28, 2016
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  • NCC rakes in over N47bn in spectrum sales in one year

    The Nigerian Communications Commission (NCC) has revealed that it generated over N47 billion from the sales and renewal of spectrum licences alone in the last one year. The Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta,...

    • Posted September 28, 2016
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  • Find top Mercedes deals on jiji.ng

    The history of the German car company Mercedes, which is a synonymous of exclusivity and the reliability of cars worldwide, started more than 100 years ago. Mercedes is one of the companies that stood at the origins...

    • Posted September 26, 2016
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  • Egbin power plant may be shut over rising debt

    The nation’s electricity woes may worsen in the coming weeks as liquidity and gas supply issues are threatening the operation of its biggest power station, Egbin. The Managing Director and Chief Executive Officer, Egbin Power Plc, Mr....

    • Posted September 24, 2016
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  • Oil prices rise ahead of OPEC meeting

    Oil prices rose over the week despite late profit-taking, as traders switched attention to a looming meeting of key producers to discuss the long-standing supply glut. Russia and members of the OPEC oil cartel led by Saudi...

    • Posted September 24, 2016
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  • FIRS forces 700,000 firms to pay tax

    The Federal Government has3 hunted down 700,000 firms that have never paid taxes as it seeks new revenue sources to offset low oil prices that have pushed the country into its first recession in more than 20...

    • Posted September 24, 2016
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  • Lagos oil discovery good for Dangote Refinery – Dangote

    The recent discovery of oil in Lagos in commercial quantity has been described as a good omen for the development of the oil and gas industry which Dangote refinery will benefit from. Speaking in his office in...

    • Posted September 23, 2016
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  • U.S Chamber names Aliko Dangote Co-Chair of U.S-Africa Business Center

    The U.S. Chamber of Commerce, in a show of further commitment to collaboration by the business communities in the United States and across Africa, Tuesday, named Aliko Dangote, Africa’s most successful businessman, as the co-chair of its...

    • Posted September 23, 2016
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  • Stock market closes flat as 22 stocks appreciate

    The Nigeria Stock Exchange closed flat on Wednesday after a 0.02 per cent gain. Market capitalisation rose marginally by N1bn to close at N9.691tn from N9.690tn recorded on Tuesday. The All-Share Index also closed at 28,214.57 basis...

    • Posted September 23, 2016
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