All posts tagged "featured"

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  Buyers stop loading Nigerian crude

  The measures introduced by the Federal Government to monitor crude transit and check oil theft are said to be threatening income lifeline, compounding the damage the crude price fall has done to Nigeria’s finances, access to dollars...

  • Posted October 1, 2015
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  Recapitalisation: Over 60 market operators may lose licences

  As the deadline set by the Securities and Exchange Commission for capital market operators in the country expires on Wednesday (today), it is expected that more than 60 operators will lose their operating licences. As of Tuesday,...

  • Posted October 1, 2015
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  Approve Lagos’ N39.4bn World Bank loan – Buhari writes Senate

  President Muhammadu Buhari on Tuesday sought the approval of the Senate for a $200m (N39.4bn) World Bank loan for Lagos State. Buhari, in a letter addressed to the Senate President, Bukola Saraki, and read on the floor...

  • Posted October 1, 2015
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  Poor electricity distribution infrastructure threatens NERC’s 6,000MW target

  Poor electricity distribution facilities across the country may jeopardise plan by the Nigerian Electricity Regulatory Commission (NERC) to see on-grid electricity generation hit 6, 000 megawatts by the end of 2015, the regulatory agency has revealed. NERC...

  • Posted September 30, 2015
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  Dangote bags Clinton’s business leadership award

  The President, Dangote Group, Alhaji Aliko Dangote, has been honoured with the 2015 Clinton Global Citizen Award for leadership in the private sector for his contributions to the development of the African society and the world at...

  • Posted September 30, 2015
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  Benin, Togo beg Nigeria for more electricity

  The governments of Benin and Togo on Monday called for an increase in the amount of electricity, which their countries receive from Nigeria. They specifically requested the Nigerian electricity supply industry to increase the amount of power...

  • Posted September 30, 2015
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  Buhari vows to address double taxation avoidance agreement

  President Muhammadu Buhari has vowed to make efforts to quickly resolve the issue of double taxation avoidance agreement with South Korea. South Korea and Nigeria signed a double taxation avoidance agreement in 2006 to help boost two-way...

  • Posted September 30, 2015
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  NNPC saved over $150m monthly from cancellation of contracts – Kachikwu

  Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe Kachikwu spoke to journalists recently in Lagos on his determination to focus on three elements – people, processes and performance – to reposition the corporation...

  • Posted September 30, 2015
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  FG to increase Excess Crude Account to $3.95bn

  The Federal Government, in a bid to attain robust external reserves, is planning to increase the amount in the Excess Crude Account from the current balance of $2.25bn to $3.95bn next year. It is also targeting fresh...

  • Posted September 30, 2015
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  32 million customers yet to get BVN

  Less than five weeks to the October 31, 2015 deadline set by the Central Bank of Nigeria for bank customers to register and obtain bank verification numbers, about 32 million of them have yet to do so....

  • Posted September 29, 2015
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