All posts tagged "featured"

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  Petrol may sell below N87 per litre next year – NNPC

  Following recent disclosure by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu that government would review and present new cost-reflective pricing template for domestic petrol sales and consumption, the Nigerian National Petroleum Corporation (NNPC) and...

  • Posted December 20, 2015
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  SON to penalise sellers of substandard products

  The Standards Organisation of Nigeria says it will by the first quarter of 2016 begin to penalise retailers and wholesalers of substandard products in the country. The Director-General, SON, Dr. Joseph Odumodu, said this at the SON-China...

  • Posted December 20, 2015
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• NUPENG warns NNPC against sacking 1,100 workers

  The Nigeria Union of Petroleum and Natural Gas Workers has warned the management of the Nigerian National Petroleum Corporation against the plan to sack about 1,100 employees of the corporation. The oil workers’ union, in a statement...

  • Posted December 20, 2015
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  Nigeria’s trade balance weakens as oil prices bite

  Nigerian exports plunged in the third quarter from a year ago and imports also fell, the National Bureau of Statistics said, as currency controls introduced by the Central Bank of Nigeria this year to support the economy...

  • Posted December 20, 2015
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  Sterling Bank to raise N35bn in fresh capital

  Sterling Bank Plc will raise N35bn ($177m) in Tier II capital between January and February to expand its loan book next year, its Chief Executive Officer, Mr. Yemi Adeola, has said. He said the mid-tier lender saw...

  • Posted December 19, 2015
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  BVN: Beware of fraudsters – CBN warns bank customers

  Following repeated complaints from bank customers over unsolicited mails and text messages, alerting them of deactivation or suspension of their bank  accounts due to   uncompleted   Bank   Verification Number (BVN) registration, the Central Bank of Nigeria (CBN) has...

  • Posted December 19, 2015
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  NERC approves eight new licensees to generate 1,648MW of electricity

  The Nigerian Electricity Regulatory Commission (NERC) has stated that it has given eight new companies with a combined capacity to generate 1,648.25 megawatts (MW) of electricity, operational licenses to begin developing their respective projects. A statement from...

  • Posted December 19, 2015
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  Buhari approves NNPC’s unbundling into four autonomous units

  President Muhammadu Buhari has approved the next restructuring phase of the Nigerian National Petroleum Corporation (NNPC), the Minister of State for Petroleum Resources and the corporation’s group managing director, Dr. Ibe Kachikwu, disclosed on Thursday. Kachikwu said...

  • Posted December 19, 2015
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  CBN urges farmers to add value to farm produce

  The Central Bank of Nigeria has tasked farmers in the country with striving towards adding value to their farm produce in order to prevent waste and to earn more on them. The Assistant Director, Development and Finance...

  • Posted December 19, 2015
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  Naira in free fall, slides to 280 against dollar

  The naira continued its free fall on Thursday, crashing to 280 against the United States dollar at the parallel market. The greenback sold for N269 on Wednesday. The naira, which had been trading around 241 and 243...

  • Posted December 19, 2015
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