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  • Gas supply to NBC drops to zero

    Nigerian Bottling Company said on Thursday that the cost of purchasing diesel for production was eating deep into its profit margin. The NBC, bottlers of Coca Cola, said it resulted to buying diesel after the supply of...

    • Posted June 11, 2016
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  • N99bn debt threatens integrated power projects

    The operational efficiency of the 10 power plants built under the National Integrated Power Projects scheme is being threatened by a debt of N99bn owed the managers of the facilities. According to the Niger Delta Power Holding...

    • Posted June 11, 2016
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  • Economic crunch: Nigerian airlines abandon aircraft at maintenance facilities overseas

    Checks by THISDAY have revealed that some Nigerian airlines are unable to bring back their aircraft taken abroad for routine maintenance due to their inability to pay outrageous maintenance bills, which have tripled because of the low...

    • Posted June 10, 2016
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  • Why FG wants IMO to audit maritime sector – Amaechi

    The Minister of Transportation, Mr. Rotimi Amaechi on Monday said the International Maritime Organisation (IMO), a specialised agency of United Nations,, agency is being drafted to audit the maritime sector to ensure its compliance with global safety,...

    • Posted June 10, 2016
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  • Nigeria can earn $100bn annually from non-oil sector – Awolowo

    Nigeria needs export revolution to rank among the greatest countries of the world with sound economy and foreign reserves comparable to the key global players, the Executive Director/CEO of the Nigerian Export Promotion Council (NEPC), Mr. Olusegun...

    • Posted June 10, 2016
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  • US, Indian refiners shun Nigeria’s oil amid outages

    Against the backdrop of supply disruptions in the Niger Delta region, refineries from India and the United States are backing away from buying Nigerian oil amid heightened uncertainty about deliveries. Their reluctance to buy is limiting the...

    • Posted June 10, 2016
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  • 4.56 million telephone lines inactive – NCC

    The number of telecoms subscribers in the country has declined by 4,562,862 in the last six months, the latest statistics from the Nigerian Communications Commission have shown. According to statistics obtained from the regulatory agency, a total...

    • Posted June 10, 2016
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  • NNPC lost N19.43bn in April – Report

    The Nigerian National Petroleum Corporation lost N19.43bn in the month of April, as the country’s crude oil production dropped from 59.27 million barrels recorded in February to 57.43 million barrels in March. In its latest financial and...

    • Posted June 10, 2016
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  • Emefiele to meet bank CEOs over sacking, forex policy

    Barring any last-minute change in plans, the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, will today meet with Managing Directors and Chief Executive Officers of all the Deposit Money Banks in the country. The meeting,...

    • Posted June 10, 2016
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  • Aregbesola tasks insurance brokers on recovery of ailing economy

    The Governor of Osun state, Rauf Aregbesola has said that insurance brokers have crucial roles to play in the efforts to revamp Nigeria’s ailing economy. The governor stated this while declaring open the 2016 Chief Executive Officers’...

    • Posted June 9, 2016
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  • BoI disburses N83.5bn to 776 enterprises in 2015, posts N44.7bn profit

    The acting Managing Director, Bank of Industry (BoI), Mr. Waheed Olagunju has disclosed that a total sum of N83.5 billion was disbursed to 776 enterprises by the development finance institution in 2015. He said the interventions further...

    • Posted June 9, 2016
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  • World Bank cuts 2016 global growth forecast to 2.4%

    The World Bank is downgrading its 2016 global growth forecast to 2.4 per cent from the 2.9 percent pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak...

    • Posted June 9, 2016
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  • Oil hits 2016 high on Nigeria supply disruptions

    The global oil benchmark, Brent crude, extended its gains on Tuesday, trading above the $50 per barrel mark for the first time since October last year. The further rise in Brent comes as expectations the United States’...

    • Posted June 9, 2016
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  • Senate probes 12 million fake vehicle insurance policies

    The Senate on Tuesday directed its Committee on Banking, Insurance and Other Financial Institutions to immediately organise a public hearing to investigate the result of a survey that revealed that over 12 million vehicle insurance policies in...

    • Posted June 9, 2016
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