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  • MTN to list on NSE, appoints transaction advisers

    MTN Nigeria on Thursday said that as part of a settlement arrangement with the Federal Government following its fine, it had taken steps to ensure the listing of its shares on the Nigerian Stock Exchange next year,...

    • Posted July 30, 2016
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  • Bulk trader, others owe power generation firms N140bn

    Electricity generation firms in the country have put the debts owed them by the Nigeria Bulk Electricity Trading Plc and other industry stakeholders at over N140bn. The Gencos said from the pre-transitional stage of the electricity market...

    • Posted July 30, 2016
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  • Shell’s production in Nigeria drops by 41%

    Global oil giant, Royal Dutch Shell, on Thursday said its liquids production available for sale in Nigeria plunged by 41 per cent in the second quarter of this year. Shell announced a 72 per cent drop in...

    • Posted July 30, 2016
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  • MPR: Banks raise interest rates on existing loans

    Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest rates on all outstanding loans. The development followed Tuesday’s increase of...

    • Posted July 30, 2016
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  • Buhari orders immediate repair of Abuja airport runway

    President Muhammadu Buhari has given an order for the immediate repair of the failed portions of the runway of the Nnamdi Azikiwe International Airport, Abuja, the Minister of State for Aviation, Senator Hadi Sirika, has said. This...

    • Posted July 29, 2016
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  • Marketers sell kerosene, black oil mixture as diesel

    As the scarcity of kerosene continues to hit many households in the country, some fuel marketers are mixing the product with black oil to get Automotive Gas Oil, popularly known as diesel, our correspondent has learnt. Sources...

    • Posted July 29, 2016
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  • Forcados shutdown: Nigeria loses N356.6bn in five months

    Five months after it was attacked and shut down, Shell’s Forcados export line remains offline, causing the country a loss of about $1.6bn (N356.6bn) in revenue. It is still uncertain when the pipeline would come back on...

    • Posted July 29, 2016
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  • CBN orders banks to provide for forex loans

    The Central Bank of Nigeria has ordered Deposit Money Banks to make full provision for their foreign currency denominated loans following the significant change in the official interbank market exchange rate. In a circular by the Director,...

    • Posted July 29, 2016
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  • Oil falls to $43 from peak of $52

    Global oil benchmark, Brent crude, extended its declines on Wednesday, trading around $43 per barrel, down from a 2016 peak of $52.54. Oil prices plummeted over $1 per barrel within minutes after official United States energy data...

    • Posted July 29, 2016
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  • Osun to help job seekers with employment services

    To facilitate employment of job seekers, the Osun State Government is set to inaugurate Osun Job Centre, a free employment support services programme. Speaking at a press briefing in Lagos, the Lead Consultant, Osun Job Centre, Ms....

    • Posted July 28, 2016
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  • CBN raises interest rate to 14%, warns banks

    Against expectations of financial analysts that the Monetary Policy Rate would remain unchanged at 12 per cent, the Monetary Policy Committee of the Central Bank of Nigeria on Tuesday hiked the MPR by 200 basis points to...

    • Posted July 28, 2016
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  • There is hope for Nigeria’s economy – Osinbajo

    Vice-President Yemi Osinbajo on Tuesday said despite the current harsh economic conditions in the country, there was hope for Nigeria. According to a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, Osinbajo...

    • Posted July 28, 2016
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  • Substandard power equipment contractors to face prosecution

    The Federal Government on Tuesday declared that it would no longer condone substandard electrical installations and the use of poor materials on the power network. It also warned that it would prosecute power equipment contractors who use...

    • Posted July 28, 2016
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  • Nigeria to lose N131.13bn to Qua Iboe shut-in

    EXXONMOBIL the operators of Qua Iboe terminal, which is expected to remain shut in for another month, will see Nigeria losing more than N131.13 billion. The projections for the Qua Iboe, is pegged at N2.79 billion daily, with...

    • Posted July 27, 2016
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