All posts tagged "featured"

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  Consumers kick as power firms implement new tariffs

  Power distribution companies have implemented the over 40 per cent increase in electricity tariffs despite protests against the development by consumers and labour unions as well as a directive by the Senate to the Nigerian Electricity Regulatory...

  • Posted March 22, 2016
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  Nigeria records 5.2% fall in cocoa production

  Nigeria’s cocoa production has dropped by 5.2 per cent from 248,000 metric tonnes in the 2013/2014 planting season to 235,000 metric tonnes in the 2014/2015 season, according to information gathered from stakeholders in the cocoa value chain....

  • Posted March 22, 2016
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  DPR reviews guidelines on fuel depot ownership

  The Director, Department of Petroleum Resources, Mr. Mordecai Ladan, says the agency has commenced a review of its guidelines to ensure that no one builds fuel depots without retail outlets for distribution. Ladan stated this in Lagos...

  • Posted March 22, 2016
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  States’ internally generated revenue hits $4.0billion

  States in the country now rely less on federal allocations as latest statistics released by the Central Bank of Nigeria (CBN) have revealed significant increase in their Internally Generated Revenues (IGRs). The CBN data for 2014 revealed...

  • Posted March 22, 2016
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  Nigeria’s GDP projected to hit $6.4trn by 2050

  The Nigeria’s Gross Domestic Product (GDP) has been projected to rise to $6.4trillion by 2050, thereby moving the country to the ninth position on the world ranking, surpassing Germany, United Kingdom, France, and Saudi Arabia. This was...

  • Posted March 22, 2016
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  Operators call for establishment of aircraft maintenance facility in Nigeria

  The Managing Director/CEO of Toucan Aviation Support Services, Achuzie Ezenagu has called on the federal government and stakeholders in the industry to urgently establish a major Maintenance, Overhaul and Repair (MRO) facility in Nigeria. Ezenagu, who made...

  • Posted March 22, 2016
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  With $24.547m, Zenith records highest forex allocation from CBN

  For the second time since banks started publishing their returns on foreign exchange (forex) utilisation purchased from the Central Bank of Nigeria (CBN), Zenith Bank Plc got the highest allocation garnering a total of $24,547,235.36 million. Zenith...

  • Posted March 22, 2016
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  Concerns over government’s undue interference in NCC’s role

  Telecoms industry stakeholders have expressed concerned that the Presidential arm of government is making too much incursion into the activities of the Nigerian Communications Commission (NCC). They have expressed worries that such action could usurp the powers...

  • Posted March 22, 2016
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  Stakeholders canvass for economic policy, expanded management team

  The disclosure that the country’s inflation rate has entered the double-digit level has attracted a twin call on the federal government to “expand the economic management team to include more private sector operators” and “come up with...

  • Posted March 21, 2016
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  All-Share Index drops 1.13% despite hike in trading

  Activities on the floor of the Nigerian Stock Exchange improved last week, which ended on Friday, as a total of 11.907 billion shares were traded for N18.338 billion in 19,508 deals compared with a total of 1.111...

  • Posted March 21, 2016
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