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  • CBN set to implement second phase of cash-less policy in five states, FCT

    The Central Bank of Nigeria(CBN),says it has concluded arrangements for the implementation of the second phase of its cash-less policy in five states of the federation and FCT. Chidi Umeano, the Head of Shared Services Office of...

    • Posted September 25, 2013
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  • Stakeholders apprehensive over Oando’s shares decline

    Stakeholders in the oil and gas industry are becoming apprehensive over the decline inOandoPlc shares, which dropped by 10 per cent on the Nigerian Stock Exchange last week. The drop in the Oando share price was attributed...

    • Posted September 25, 2013
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  • Dansa to establish £36m energy food plant

    The  Dansa Group, a subsidiary of Dangote Group of the Companies, on Monday  said it  had concluded plans to invest £36m in the establishment of Africa’s largest  energy food plant in Nigeria. The Minister of Agriculture, Dr....

    • Posted September 25, 2013
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  • Theft: Oil production drops by 150,000 barrels

    Oil production in the country has dropped by 150,000 barrels of oil per day following the shut down of the Trans Niger Pipeline by Shell Petroleum Development Company. The Corporate Media Relations Manager, SPDC, Mr. Precious Okolobo,...

    • Posted September 25, 2013
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  • AGF yet to receive PHCN workers severance payment

    The Office of the Accountant General of the Federation has yet to receive the severance package of workers of the Power Holding Company of Nigeria, investigations have revealed. The National Council on Privatisation chaired by Vice-President Namadi...

    • Posted September 25, 2013
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  • Fuel subsidy: FG to spend N971bn in 2013

    The Federal Government has said it will spend a total of N971bn to subsidise petroleum product consumption this year. The amount is, however, N21bn higher than what was expended on fuel subsidy last year. The government announced...

    • Posted September 25, 2013
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  • Shell declares force majeure on Bonny Light exports, NLNG gas supply

    Shell Petroleum Development Company (SPDC), on Monday evening, said that it could not meet it contractual agreement with the importers of its Bonny Light Crude grade from Nigeria and the gas supply to the Nigeria Liquified Natural Gas...

    • Posted September 25, 2013
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  • Stock Market Watch: Market Cap loses N11billion on Tuesday

    The bearish trend continued on Tuesday at the stock market as the market capitalisation of the listed entities closed at N11.484 trillion when trading ended on the floor of the Nigerian Stock Exchange, NSE, depreciating by 0.09...

    • Posted September 24, 2013
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  • Google Nigeria introduces ‘Google Maps for Mobile’

    Google Nigeria on Tuesday introduced advanced features on its maps to make driving or walking through unfamiliar terrains easier for mobile phones users. The features are accessible by any smart phone user. A statement signed by Mr...

    • Posted September 24, 2013
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  • Ebonyi government orders N10million agro machines

    Ebonyi State Governor, Chief Martin Elechi, says the state government had placed order for multi-million naira agro machines. The machines, which according to him include trans-planters and combine harvesters, will be imported from China and Vietnam to...

    • Posted September 24, 2013
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  • Osun state issues islamic bond to investors

    Osun State has taken a major step towards developing an Islamic finance industry in Nigeria by offering the country’s first Islamic bond to investors. The issue makes Nigeria the first big economy in sub-Saharan Africa to market...

    • Posted September 24, 2013
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  • Nigeria restores 400,000 bpd – NNPC spokesperson

    The NNPC on Sunday said a daily production of 400,000 barrels per day had been restored to the crude oil output available for export in the country. The corporation’s Acting General Manager (Public Affairs), Miss Tumini Green,...

    • Posted September 24, 2013
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  • CBN to sell N225.5bn treasury bills September 26

    The Financial Markets Dealers Association (FMDA) of the CBN says it will sell N225.5 billion worth of treasury bills on Thursday, Sept. 26. The FMDA said that the bills would be sold through the Primary Market Auction...

    • Posted September 24, 2013
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  • Lagos government takes delivery of 90 new BRT buses

      Mr Kayode Opeifa, the Lagos State Commissioner for Public Transportation, on Monday said that the state government had taken delivery of 90 new buses to ease the transportation difficulties facing the residents. Opeifa told the News...

    • Posted September 24, 2013
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