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  • Operators raise alarm over persistent vessel attacks at Lagos ports

    Managing Director, Greenview Development Nigeria Limited (GDNL), operator of Terminal ‘E’ of the Lagos Port Complex (LPC), Apapa, Abba Isa Bukar has advised government to beef up security at the ports, as attacks on vessels at berth...

    • Posted July 13, 2013
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  • External reserves drops by $1.2b in one month

    Latest data by the Central Bank of Nigeria (CBN) shows that the nation’s external reserves pool continued to decline, amidst continued defence of the Naira in the face of declining supply of foreign exchange by autonomous sources,...

    • Posted July 13, 2013
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  • 2015: Experts predict double digit inflation, weaker Naira ahead

    With the political crisis looming in the Nigerian space, experts say the days leading to the 2015 poll are indeed hazy for the nation’s economy, especially with key indicators on the plunge. A quarterly publication by London-based...

    • Posted July 13, 2013
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  • Why Nigeria is strengthening ties with China – Jonathan

    President Goodluck Jonathan has said that Nigeria is currently strengthening its investment and economic ties with China because of the exponential increase in the bilateral trade volume between the two countries over the last few years. Another...

    • Posted July 12, 2013
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  • Rivers crisis: PENGASSAN threatens to withdraw services

    The Petroleum and Natural Gas Senior Staff Association of Nigeria on Thursday threatened to withdraw the services of its members because of the violence brought about by the current crisis rocking Rivers State. A statement made available...

    • Posted July 12, 2013
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  • Governor Amosun tasks FG on food security

    Governor Ibikunle Amosun, has urged the Federal Government to continue to evolve policies that will ensure food security in the country. Speaking in Abeokuta last week at the 40th meeting of the National Council on Agriculture and...

    • Posted July 12, 2013
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  • Shell shuts oil pipeline six days after reopening, production drops by 150,000 barrels

    Six days after it reopened the Trans Niger Pipeline, which was shut down following a fire incident in June, Shell Petroleum Development Company of Nigeria Limited has again shut the pipeline due to a leak. As a...

    • Posted July 12, 2013
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  • Reps reject NNPC’s N384.9bn loss statement

    House of Representatives Committee on Finance, Wednesday, rejected N384.9 billion operational loss recorded by the Nigerian National Petroleum Corporation, NNPC, between 2009 and 2011. The committee, which was probing Federal Government’s agencies’ remittances of surplus to the...

    • Posted July 12, 2013
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  • NLNG/NIMASA face-off: Depots run out of cooking gas

    Major Liquefied Petroleum Gas (cooking gas) depots in Lagos, from where the product is loaded and transferred to other parts of the country, are now empty due to the lack of supply from the Nigerian Liquefied Natural...

    • Posted July 12, 2013
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  • CIBN to deepen competence in banking industry

    President, Chartered Institute of Bankers of Nigeria, CIBN, Mr. Segun Aina, has disclosed that the institute is set to introduce new certification programmes to help deepen competency in Nigeria’s banking industry. He stated this while addressing new...

    • Posted July 12, 2013
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  • Reps to probe Osibodu’s tenure at Union Bank

    DISTURBED by the  alleged unwholesome practices in Union Bank of Nigeria Plc, the House of Representatives, yesterday, mandated its Committee on Banking and Currency to probe operations of the bank during the tenure of Funke Osibodu and...

    • Posted July 11, 2013
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  • Nigeria second to Russia in global gas flaring

    Nigeria, the highest producer of gas in Africa, loses about $1.789 billion or N286.24 billion to gas flaring annually. Mr. George Osahon, Director, Department of Petroleum Resource, DPR, has said. Osahon who was represented by his Deputy...

    • Posted July 11, 2013
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  • EU approves N2.5bn for standardisation in Nigeria

    The European Union has made twelve million Euros (about N2.5 billion) available through United Nations Industrial Development, UNIDO, for the establishment of National Accreditation System in Nigeria.  National Accreditation System is a body that is competent to...

    • Posted July 11, 2013
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  • NSE boss urges stockbrokers to promote ethical conduct

    The Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has charged stockbrokers to enthrone integrity and highest standard of ethical practice in their operation. Onyema, who spoke at the occasion of induction of new members...

    • Posted July 11, 2013
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