All posts tagged "featured"

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  Indian refiners shun Nigeria’s oil, turn to Malaysia

  A number of Indian state-owned refiners have been actively picking up Malaysian oil cargoes for loading in July and August amid growing uncertainty over the exports of Nigeria’s crude grades, according to regional sweet crude traders. Bharat...

  • Posted July 22, 2016
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  Customs target more revenue from excise duties

  In a renewed drive to shore up its revenue base, the Nigeria Customs Service has targeted the enforcement of excise duty payments. The Coordinator, Zone A, NCS, Eporwei Edike, made the call during a visit to the...

  • Posted July 22, 2016
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  FG issues guidelines on wood exports

  THE Federal Government has issued guidelines on the felling of trees and exportation of wood. The Director of Forestry, Federal Ministry of Environment, Phillip Bankole, made this known recently while announcing the suspension of the ban on...

  • Posted July 22, 2016
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  Recall sacked workers – FG tells oil firms

  The Federal Government has asked oil majors, which recently sacked some of their workers, to recall the affected employees. In order to retain jobs in the oil and gas sector, the Minister of Labour and Employment, Senator...

  • Posted July 22, 2016
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  Diamond Bank reportedly sacks over 400 staff, ‘refuses’ to pay entitlements

  Diamond Bank has been accused of sacking over 400 of its workers in a manner that contravenes the provisions of redundancy as specified by section 20 of the Labour Act as well as other regulations, standards and...

  • Posted July 21, 2016
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  Oando envisages lower earnings on naira devaluation

  Oando Plc has said it would record lower earnings for the second quarter ended June 30, 2016. In a notification to the Nigerian Stock Exchange (NSE), the oil firm said the lower earnings would result from the...

  • Posted July 21, 2016
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  Nigeria’s economy may contract by 1.8% in 2016 – IMF

  Nigeria’s economy, the biggest in Africa, is likely to contract by 1.8 per cent this year, the International Monetary Fund has said. The Washington-based lender cut its 2016 growth forecast for Nigeria from 2.3 per cent projected...

  • Posted July 21, 2016
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  Tariff reversal will worsen N300bn funding gap – Power firms

  Any reversal in electricity tariff will increase the over N300bn funding gap, which operators in the sector are currently grappling with, the power firms have said. They also alleged that the previous government was fond of playing...

  • Posted July 21, 2016
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  Nigeria loses N127bn yearly to cybercrime – FG

  Nigeria loses about N127bn to cybercrime annually, the Minister of Communications, Mr. Adebayo Shittu, has said. Shittu, who said this at the opening of the 2016 National Conference of the Nigerian Computer Society in Abuja on Tuesday,...

  • Posted July 21, 2016
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  N330bn fine: MTN expects negative earnings per share

  The MTN Group on Tuesday said that a poor financial performance in Nigeria, as well as the N330bn fine imposed on it by the Federal Government would push its headline earnings per share into red. According to...

  • Posted July 21, 2016
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