All posts tagged "featured"

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  External reserves drop to $26.33bn

  The nation’s external reserves fell marginally to $26.33bn on June 29, down 0.30 per cent from a month ago, the Central Bank of Nigeria data showed on Thursday. The foreign exchange reserves stood at $26.42bn on May...

  • Posted July 2, 2016
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  Nigerian Stock Market gains 3.3% in first six months

  The Nigerian stock market closed the first half of the year with a growth of 3.3 per cent compared with a decline of 3.2 per cent in the corresponding period of 2015. Although the market ended on...

  • Posted July 2, 2016
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  Business loans not national cake – Emefiele tells Corps members

  The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on THursday flagged-off the training of the first batch of applicants under the Youth Entrepreneurship Development Programme (YEDP) involving 1,547 members of the National Youth...

  • Posted July 2, 2016
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  FG urged to create special FX Window for manufacturers

  Despite the appreciable progress recorded in the foreign exchange market since the Central Bank of Nigeria (CBN) announced its new foreign exchange policy, manufacturers in the country have decried their inability to get the greenback to import...

  • Posted July 2, 2016
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  FG to borrow N395bn via bonds

  The Federal Government is planning to borrow between N305bn and N395bn ($1.08bn-$1.40bn) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of this year, the Debt Management Office has said....

  • Posted July 1, 2016
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  Power: FG eyes offshore, inland basin gas reserves

  The recent militant attacks on oil and gas facilities may have prompted the Federal Government to look towards developing alternative sources of gas supply for power generation in the country. Government officials, who gave the indications on...

  • Posted July 1, 2016
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  PPMC to address challenges facing LPG vessels

  The Pipelines and Product Marketing Company Limited, a subsidiary of the Nigerian National Petroleum Corporation, has said it will look into the allegation by some marketers that Liquefied Natural Gas vessels are being diverted in Lagos. The...

  • Posted July 1, 2016
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  New code will separate roles of Chairman and CEO – NCC

  The new Code of Corporate Governance for the telecoms sector is targeted at separating the roles of the chairman from that of the Chief Operating Officer (CEO) of all licensed telecommunications company, the Nigerian Communications Commission (NCC),...

  • Posted July 1, 2016
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  Seni Adetu appointed Fidelity Bank’s Non-executive Director

  Fidelity Bank Plc has announced the appointment of Chief Seni Adetu, as an Independent Non-executive director of the bank. Adetu, the immediate past Managing Director of Guinness Nigeria Plc, according to a statement from the bank brings...

  • Posted July 1, 2016
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  Kachikwu signs $80bn oil and gas infrastructure deals in China

  The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has signed Memorandums of Understanding (MoUs) with several Chinese firms for over $80 billion new investments, spanning five years, in the oil and gas industry covering pipelines,...

  • Posted July 1, 2016
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