All posts tagged "featured"

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  Dollar scarcity: Manufacturers turn to local raw materials

  The scarcity of foreign exchange has forced some manufacturers to look inwards for raw materials, investigation has shown. Manufacturers who spoke to our correspondent said they had embarked on urgent search for raw materials and substitutes that...

  • Posted March 14, 2016
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  Oil sector suffers amid long wait for PIB

  The Nigerian oil and gas sector, which has continued to take a beating from the decline in global oil prices since mid-2014, is desperately in need of a robust legal framework to attract investment, stakeholders have said....

  • Posted March 14, 2016
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  Industrial sector records N8.9tn output

  The manufacturing sector recorded an increase of N289bn in its output from N8.68tn in 2014 to N8.94tn at the end of December 2015, figures obtained from the National Bureau of Statistics have revealed. According to the NBS,...

  • Posted March 14, 2016
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  Analysts predict gloomier economic outlook for Q1

  Despite the recent rebound of crude oil prices at the international market, analysts have painted a gloomier economic outlook for the first quarter of this year, forecasting a weak growth rate for the economy. By their analyses,...

  • Posted March 14, 2016
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  Nigeria’s poor infrastructure threatens public safety – NSE warns

  A 2015 year-end report of the status of Nigeria’s infrastructure by the Nigerian Society of Engineers (NSE) has said that the country’s poor infrastructure base constitutes a danger to public safety. The report: ‘Nigerian Infrastructure Report Card...

  • Posted March 14, 2016
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  FG urged to provide N150bn loan-able funds for private sector

  The President, Cement Importers Association of Nigeria, David Iweta, has called on the federal and state governments to summon courage to create investment windows by attracting capital flow of minimum of N150 billion (USD750m) as loan-able funds...

  • Posted March 11, 2016
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  Stockbrokers risk N5m fine for unauthorised sale of clients’ shares

  Dealing Members (stockbrokers) of the Nigerian Stock Exchange (NSE), who sell or transfer any securities worth N5 million will pay a fine of N1million. If the value of the security is higher than N5 million, the brokers...

  • Posted March 11, 2016
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  Barclays Africa targets expansion in Nigeria

  Barclays Africa Group Limited said there’s no lack of interest from buyers seeking a stake in South Africa’s third-largest lender as Barclays Plc prepares to reduce its 62.3 percent holding to less than 20 percent. But the...

  • Posted March 11, 2016
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  Nigeria loses 300,000bpd to attack on Forcados pipeline

  Nigeria is losing about 300,000 barrels of crude oil per day due to the bombing of Forcados pipeline that conveys Forcados grade of crude oil to the over 400,000 barrels per day Forcados Export Terminal, one of...

  • Posted March 11, 2016
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  CBN, banks to step up fraudsters’ prosecution

  The Central Bank of Nigeria and Deposit Money Banks have said effective prosecution of fraudsters will be their focus this year. Speaking under the aegis of the Nigerian Electronic Fraud Forum, they also promised to continue to...

  • Posted March 11, 2016
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