All posts tagged "featured"
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Price hike speculation worsens fuel scarcity
After a few days of relief, fuel queues grew longer at some filling stations in Lagos and Ogun states on Tuesday, as speculations about an imminent increase in the price of Premium Motor Spirit sparked panic buying....
- Posted May 12, 2016
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We will ensure spending achieves maximum impact – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said the Federal Government would tailor its spending to critical sectors of the economy that would create the needed impact on the well-being of the people. The minister...
- Posted May 12, 2016
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Oil price rises on Nigeria attacks, others
Global oil prices traded higher on Tuesday, buoyed by supply disruptions of 2.5 million barrels per day in some countries, including Nigeria and Canada. Brent crude, the global oil benchmark, rose by 1.59 per cent to $45.20...
- Posted May 12, 2016
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AshakaCem independent power plant to gulp $100m
The Chairman, AshakaCem Plc, a subsidiary of LafargeHolcim, Mr. Suleiman Yahyah, on Tuesday said the company’s new independent power plant, presently under construction will gulp $100 million for its completion. The ongoing project expected to meet the...
- Posted May 12, 2016
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Julius Berger appoints Mutiu Sunmonu as chairman
Julius Berger Nigeria Plc, the country’s foremost engineering construction company, which recently announced a strategic change of guard at the topmost echelon of its board of directors last Wednesday in Abuja, formally unveiled its new Chairman, Mr....
- Posted May 12, 2016
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Fuel subsidy: It’s time for difficult decisions – Osinbajo
Ahead of the federal government’s announcement on the removal of subsidy on petrol, Vice-President Yemi Osinbajo has said that the government will have to take tough decisions on the desirability of retaining fuel subsidies, adding that it...
- Posted May 12, 2016
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LCCI expresses worry over neglect of non-oil economy
The Lagos Chamber of Commerce and Industry ( LCCI) has decried the continued neglect of the nation’s non-oil sector, noting that Nigeria, blessed with abundant deposits of solid minerals, has competitive and comparative advantage in its non-oil...
- Posted May 12, 2016
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FG unfolds budget details, implementation plan Thursday
The Federal Government will on Thursday make public the details of the 2016 budget signed into law by President Muhammadu Buhari last Friday. Also to be made public is the budget’s strategic and implementation plan. According to...
- Posted May 11, 2016
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Stock market gains N44bn
The Nigerian capital market on Monday continued its gaining spree two sessions into the signing of the budget into law by President Muhammadu Buhari. The Nigerian Stock Exchange market capaitalisation rose by N44bn to close at N8.884tn...
- Posted May 11, 2016
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Transcorp completes N30bn bond issuance for expansion
Transcorp Hotels Plc says it has completed tranches 1 and 2 of its N30bn bond issuance programme, which is intended to fund the upgrade of Transcorp Hilton Abuja and the development of a multipurpose banquet centre. According...
- Posted May 11, 2016