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  • Power generation steadies around 3,000MW

    The partial cessation in the disruption of oil and gas installations by vandals and the rise in water levels for hydroelectric plants have resulted in a steady increase in electricity generation in the last one month, according...

    • Posted August 7, 2016
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  • Nigeria, others seek WTO, UNCTAD interventions on illegal shipping charges

    Following the flurry of illegal shipping charges in developed and developing nations, Nigeria has joined the Global Shippers’ Forum (GSF) to seek the intervention of the World Trade Organisation (WTO) and United Nations Conference on Trade and...

    • Posted August 6, 2016
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  • Foreign airlines lost N6.4bn to naira devaluation

    The Country Manager of British Airways, Kola Olayinka has disclosed that foreign airlines operating in Nigeria lost N6.4billion in the N157.6 billion ($800) of their revenues trapped in the Central Bank of Nigeria (CBN) when the Naira...

    • Posted August 6, 2016
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  • Spain buys €4.6bn oil, gas from Nigeria – Envoy

    The Spanish Ambassador to Nigeria, Mr. Alfonso Barnuevo, on Thursday said that his country was currently spending about €4.6bn (N1.6tn) on the purchase of Nigerian oil and gas. Barnuevo, who stated this when he paid a visit...

    • Posted August 6, 2016
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  • Dangote Sugar Refinery posts N11.1bn Q2 profit

    Nigeria’s sugar producer, Dangote Sugar Refinery, has announced a profit before tax of N11.1bn for the six months ended  June 30, 2016. According to a statement from the firm, the unaudited results for the half year indicated...

    • Posted August 6, 2016
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  • NEPC targets non-rejection of Nigeria’s exports

    The Nigerian Export Promotion Council is targeting ‘zero rejection’ of Nigeria’s exports in the international market and in line with this aim; it has been organising a series of capacity-building workshops for exporters to train them in...

    • Posted August 6, 2016
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  • Expensive land scaring away industrialists from FCT – MAN

    The Manufacturers Association of Nigeria on Thursday lamented the high cost of acquiring land within the Federal Capital Territory, stating that the development was currently scaring away industrialists from Abuja. The Executive Secretary, MAN, Mr. Okpe Sunday,...

    • Posted August 6, 2016
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  • Transcorp suspends plan to build $1bn power plant

    Transnational Corporation of Nigeria Plc has suspended plans to build one of the nation’s biggest power plants amid gas shortage and a downturn in the nation’s economy that is hindering efforts to raise funds for the project....

    • Posted August 6, 2016
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  • Recession: Economists advise FG to boost exports

    Economists on Wednesday called on the Federal Government to stimulate the level of exports of goods and services in order to take the country out of recession. The economists said at a monthly round-table in Abuja on...

    • Posted August 5, 2016
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  • Immigration laments inadequate facilities to secure seaports

    The Nigeria Immigration Service has said its officials are inadequately equipped to secure the maritime domain. The Assistant Comptroller General Immigration, Border Patrol and Marine Service Headquarters Abuja, Saro-John Uaebari, said this at a three-day capacity building...

    • Posted August 5, 2016
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  • Oil firms count losses as militants worsen woes

    Chevron and Eni, two of the global oil majors operating in Nigeria, and their local counterparts such as Seplat and Oando may have been worst hit by the production disruptions occasioned by militant attacks in the Niger...

    • Posted August 5, 2016
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  • FG introduces armed guards on Abuja-Kaduna trains

    To ensure the security of lives and property on the Abuja-Kaduna rail, the Federal Government on Wednesday announced that it had introduced armed guards on the trains that ply the rail line. It also stated that it...

    • Posted August 5, 2016
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  • Multiple taxes crippling telecoms industry – NCC

    The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta‎ has raised the alarm that multiple taxes on telecommunication infrastructure by the various tiers of government was a major impediment to the growth of...

    • Posted August 5, 2016
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  • Dangote Cement reaps benefits of African expansion

    The diversification of Dangote Cement Plc into other part of Africa has started yielding positive results, the Chief Executive Officer of the company, Onne Van der Weijde has said. Weijde, who disclosed this yesterday at the company...

    • Posted August 5, 2016
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