All posts tagged "featured"

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  Shell’s Forcados terminal may remain shut until April

  Nigeria’s oil export revenue, which has been driven down by the plunge in global oil prices, looks set to worsen as flows of the nation’s Forcados crude oil to the export terminal could be halted until April....

  • Posted February 28, 2016
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  Power supply drops by 624MW in three days

  The nation’s power supply slumped by 623.76 megawatts in three days, worsening the rationing that electricity distribution companies have been subjecting consumers to in recent days. The drop in the nation’s electricity generation has caused reduction in...

  • Posted February 28, 2016
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  NIMASA raises hope of ship owners, to revive national shipping line

  The long time cry of indigenous ship owners in the country for revival of the national shipping line may soon be heeded going by the soothing words of Acting Director -General of Nigerian Maritime Administration and Safety...

  • Posted February 28, 2016
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  External reserves recover marginally as crude oil prices rise, CBN targets N200/$ parallel market rate

  Nigeria’s external reserves which had been on a steady decline, rose marginally week-on-week to $27.808 billion as at Wednesday, compared with the $27.790 billion it attained the previous Wednesday, according to the latest figures from the Central...

  • Posted February 28, 2016
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  FG sets up committee to resolve oil and gas sector labour crisis

  In an effort to ensure sustainable employment relationship devoid of strife and rancor, the federal government yesterday set up a committee to resolve all the lingering labour related crisis in the oil and gas industry. Minister of...

  • Posted February 28, 2016
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  Oil slump: World Bank, FG set to assist states

  The Federal Government and World Bank have formed a partnership aimed at assisting state governments to grapple with the effects of the financial challenges occasioned by the slump in global crude oil prices. Speaking at the end...

  • Posted February 27, 2016
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  NAHCO promises steady returns for shareholders

  The Chairman of Nigerian Aviation Handling Company, Alhaji Suleiman Yahyah, has assured the company’s shareholders and other stakeholders that it will continue to provide steady returns in forms of dividends and bonuses. Speaking at the closing gong...

  • Posted February 27, 2016
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  SEC, judiciary collaborate on investor protection

  The Securities and Exchange Commission and the judiciary have pledged to collaborate in a bid to boost investor confidence in the dispute resolution mechanisms available in the Nigerian capital market. The Director-General, SEC, Mounir Gwarzo, disclosed this...

  • Posted February 27, 2016
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  FG tasks Stallion Group on 17% local content in car manufacturing

  The federal government Thursday tasked the management of Stallion Group, manufacturers and assemblers of different brands of vehicles on the 17 per cent local content capacity in its assembly plants. The Minister of Science and Technology, Dr....

  • Posted February 27, 2016
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  Fuel scarcity looms as FG seeks to swap more oil

  Nigeria is on the verge of another round of petrol shortages as the precipitous decline in oil prices leaves Africa’s largest crude producer with fewer options for importing fuel. According to Reuters, traders and local sources have...

  • Posted February 27, 2016
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