All posts tagged "featured"

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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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  CBN orders banks to publish all forex transactions on FMDQ

  The Central Bank of Nigeria (CBN) has ordered banks to publish details of all foreign exchange transactions on the Financial Market Dealers Quote (FMDQ) platform. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele Meanwhile the naira...

  • Posted July 27, 2016
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  Ashaka Cement signs N11bn agreement for 16MW coal power

  Ashaka Cement Plc,  AshakaCem, has signed an N11 billion contract with a Chinese firm, RUNH Power Corporation Limited, for the construction of a 16-megawatt lignite-fired coal power plant in its factory in Gombe State. Speaking during the signing...

  • Posted July 27, 2016
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