All posts tagged "featured"

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  Power supply drops to 2,500MW after militant attacks

  The twin attacks, last week, on Chevron’s oil and gas facilities in the Escravos area of Delta State has resulted in a drop in power generation from about 3,600 megawatts (MW) to 2,500MW, translating to a loss...

  • Posted May 10, 2016
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  Recapitalisation: Operators consider capital injection, merger to meet deadline

  Capital market operators (CMOs), who missed the September 30, 2015 deadline for recapitalisation are now intensifying efforts to meet the new December 31, 2016 date given by the Securities Exchange Commission (SEC). THISDAY checks revealed that the CMOs are wooing...

  • Posted May 10, 2016
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  FG may increase petrol price soon — Marketers

  The Federal Government may soon effect an upward review in the pump prices of Premium Motor Spirit, popularly known as petrol, oil marketers have said, attributing this to the recent increase in the cost of crude oil...

  • Posted May 9, 2016
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  Stock market recovers, gains N4bn on budget signing

  Nigerian equities bounced back on Friday with the stock exchange market capitalisation rising by N47bn, on a day that President Muhammadu Buhari signed the 2016 budget into law. Trading in the treasury bills market also closed the...

  • Posted May 9, 2016
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  FG plans Industrial Centres

  As part of strategy to fast-track the nation’s industrialisation, the federal government plans to create industrial centres across the country and encourage a cluster of manufacturing concerns with similar production needs and product lines to which it...

  • Posted May 9, 2016
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  Dubai’s non-oil trade with Africa hits $30bn in 2015

  Africa’s attractiveness as an investment destination was again highlighted during the recent official opening of the third African office of Dubai Chamber of Commerce and Industry (Dubai Chamber) in Maputo, Mozambique; as it was revealed that the...

  • Posted May 9, 2016
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  FG expresses support for bitumen exploration project in Ondo

  The Federal Government yesterday expressed its readiness to support the exploration of bitumen deposit in Ondo State. The Minister of Solid Minerals, Dr Kayode Fayemi stated the commitment of the Federal Government for the project during a...

  • Posted May 8, 2016
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  FG to reposition Sovereign Wealth Fund

  The federal government  has disclosed that it plans to reposition the Sovereign Wealth Fund managed by the Nigeria Sovereign Investment Authority (NSIA). The planned repositioning is in tandem with the infrastructure objectives of the federal government. The...

  • Posted May 8, 2016
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  Oil, industrial goods stocks worst in Q1

  Stocks listed under the oil and gas and industrial goods category fell the most in the first quarter of 2016, data from the Nigerian Stock Exchange revealed. This was followed by those of the consumer goods sector....

  • Posted May 8, 2016
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  Cross River seaport construction begins in three months — Ayade

  Cross River State Governor, Prof. Ben Ayade, on Thursday, said the construction of the state’s deep seaport would commence in three or four months. Ayade said this in an interview with State House correspondents shortly after meeting...

  • Posted May 7, 2016
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