All posts tagged "featured"

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  FG earmarks N120bn for Lagos-Kano-Calabar standard railway tracks

  The Minister of Transportion, Rotimi Amaechi, on Thursday said the federal government would spend an aggregate of N120 billion for its two new standard (guage) railway tracks to be constructed on the Lagos-Kano and Lagos-Calabar rail corridors...

  • Posted February 20, 2016
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  FG urged to expand sources of Forex inflow

  The Chief Executive Officer, Cowry Asset Management Limited, Mr. Johnson Chukwu, has advised the federal government to implement policies that would stimulate foreign direct investments (FDI) in the country so as to grow its sources of foreign...

  • Posted February 20, 2016
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  Firm gets licence for oil refinery in Lagos

  The Chairman of Integrated Oil and Gas Limited, Capt. Emmanuel Ihenacho (retd), has said the company has received a licence to establish an oil refinery along the coast of Lagos. At a press briefing in Lagos on...

  • Posted February 19, 2016
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  Oil projects in Nigeria, others face longer delays

  Nigeria and its counterparts in the West African region may continue to see delays in investment even after a rebound in the global oil markets, where low prices have forced firms to put major projects on hold....

  • Posted February 19, 2016
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  GNI partners Interswitch on premium payment

  Great Nigeria Insurance Plc has introduced PayDirect and Quickteller payment solutions to make it easier for customers to pay for their insurance premiums at any Deposit Money Bank nationwide. The firm, in a statement by its Corporate...

  • Posted February 19, 2016
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  Investors trade N1.9bn shares amidst continuing bear run

  The performance of the stock market was mixed on Wednesday as the volume of trading rose while the value of trading declined. Also, the bears that returned after six days of absence consolidated their hold on the...

  • Posted February 19, 2016
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  Suspending electricity tariff hike will be costly for Nigeria – Discos tell Senators

  The 11 electricity distribution companies (Discos) in the power sector wednesday warned that the order by the Senate asking the Nigeria Electricity Regulatory Commission (NERC) to suspend the electricity tariff hike would come with consequences that the...

  • Posted February 19, 2016
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  FirstBank, Zenith lead in forex allocation from CBN

  THISDAY’s review of the latest returns on utilisation of foreign exchange bought by 14 commercial banks from the Central Bank of Nigeria (CBN) has shown that First Bank of Nigeria Limited (FirstBank) with a total of $25,701,921.17...

  • Posted February 19, 2016
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  Nigeria’s external reserves fall to $27.840billion

  Nigeria’s external reserves stood at $27.840 billion as at last Thursday. The latest position of the reserves showed that it has depreciated by $251 million this month, compared with the $28.091 billion it was at the beginning...

  • Posted February 18, 2016
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  Budget: FG’s planned borrowings to increase debt stock to 12.8% of GDP

  The projected net borrowings in the federal government’s 2016 budget proposals will increase the government’s debt stock by a further 1.8 per cent, taking Nigeria’s total debt to 12.8 of gross domestic products (GDP), THISDAY checks have...

  • Posted February 18, 2016
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