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All posts tagged "featured"

  • World Bank gives Kachikwu thumbs up on NNPC reforms

    The World Bank wednesday said it was impressed with the reforms initiated by the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, at the state-run...

    • Posted April 29, 2016
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  • We will fix Lagos-Ibadan Expressway despite court injunction – FG

    Funding for the Lagos-Ibadan Expressway is captured in the 2016 budget and the road will be constructed despite court injunctions against its further development, the Federal Government has said. It argued that the development of the country...

    • Posted April 28, 2016
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  • NUPENG faults Kachikwu on fuel diversion claim

    The Nigeria Union of Petroleum and Natural Gas Workers on Tuesday reacted to the claim of fuel diversion by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, describing it as a cover-up for the Nigerian...

    • Posted April 28, 2016
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  • 90 power turbines not working – Fashola

    The Minister of Power, Works and Housing, Babatunde Fashola, stated on Tuesday that only 50 out of the 140 power generating turbines in the country were currently functional. Vice President Yemi Osinbajo had on Monday said that...

    • Posted April 28, 2016
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  • Banks record lower impairment charges as risk management improves

    Banks have started improving on their risk management leading to a lower impairment charges and cost of risk (COR) for the first quarter ended March 31, 2016, THISDAY checks revealed on Monday. Huge impairment charges on delinquent...

    • Posted April 28, 2016
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  • Again, nationwide power generation drops by 1,585.7MW

    Total power generated by Nigeria’s power stations for transmission and distribution to homes has again dropped by 1,585.7 megawatts (MW) from 3,701.7MW that was achieved as peak generation last Monday evening, THISDAY has learnt. THISDAY gathered from...

    • Posted April 28, 2016
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  • World Bank raises 2016 oil price forecast to $41 per barrel

    Amid improving market sentiment and a weakening dollar, the World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook, stating that oversupply...

    • Posted April 28, 2016
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  • United Capital reports N1.42bn profit

    Investment banking and financial services group, United Capital Plc, has announced its 2016 Q1 profit before tax of N1.42bn, up from N0.89bn in Q1 2015. This represents a 59 per cent increase. Its gross earnings stood at...

    • Posted April 27, 2016
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  • Errant market players risk arrest – SEC

    The Securities and Exchange Commission has said it will leverage on the support of the Nigeria Police Force and other law enforcement agencies in its quest to checkmate errant players in the country’s capital market. It, therefore,...

    • Posted April 27, 2016
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  • 33.7 million Nigerians can’t access telecoms services – NCC

    About 33.7 million Nigerians are still being underserved and unserved, despite over $32bn investment in the telecommunications sector in the last 15 years. The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, told journalists...

    • Posted April 27, 2016
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