All posts tagged "featured"

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  Chinese steel manufacturer restates commitment to Nigeria

  The management of HongXing Steel Company, a Chinese steel manufacturing company based in Lagos, has expressed confidence in the ability of the Nigerian economy to overcome its present challenges. Speaking to journalists on the sidelines of the...

  • Posted January 3, 2017
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  SON drives standardisation to boost investment in LPG cylinder manufacturing

  There is a huge potential for stimulating multi-million dollar investments into Liquefied Petroleum Gas (LPG) cylinder manufacturing in Nigeria using the instruments of standardisation and quality assurance, the Director General of the Standards Organisation of Nigeria (SON),...

  • Posted January 3, 2017
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  Another negative year as Stock Market sheds 6.2% in 2016

  The Nigerian stock market went down by 6.17 per cent in 2016, making it the third consecutive decline as economic headwinds affected investors’ participation in the market. However, the decline in 2016 is lower that what was...

  • Posted January 3, 2017
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  FG extends 2016 budget implementation to March 2017

  The Federal Government has extended the execution of the N1.58tn capital component of the 2016 budget to the end of March 2017. The development was confirmed by the Accountant-General of the Federation, Alhaji Ahmed Idris, via a...

  • Posted January 2, 2017
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  Naira faces further decline on continued dollar scarcity

  The naira is set to witness another round of decline against the dollar in the days ahead as expected increase in dollar flows from Nigerians living abroad coming home for holidays fell short of expectations. The local...

  • Posted January 2, 2017
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  NNPC says airlines can’t pay for aviation fuel

  The Nigerian National Petroleum Corporation on Thursday said the hardship in the aviation sector was not due to the scarcity of Jet-A1, but was partly because of the inability of the airlines to pay for the product....

  • Posted January 1, 2017
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  Lagos issues N47bn Bond

  The Lagos State Government on Friday issued its N47bn Series 1 Bond maturing in December, 2023 under its N500bn Third Debt Issuance Programme. Governor Akinwunmi Ambode, at the signing ceremony held at the Lagos House, Ikeja, said...

  • Posted January 1, 2017
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  Power generation hits 4,000MW

  After hovering around 3,000 megawatts for about 10 weeks, the country’s total generated power crossed the 4,100MW mark on Monday, December 26, 2016. The country had attained a peak generation of 4,358.6MW on October 16, but this...

  • Posted December 31, 2016
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  Stanbic IBTC settles dispute with FRC, releases results

  Stanbic IBTC Holdings Plc and the Financial Reporting Council of Nigeria have resolved the lingering dispute over Stanbic IBTC’s financial statements for 2015, allowing the financial institution to issue its financial statements. Accordingly, the FRC has lifted...

  • Posted December 31, 2016
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  Naira among four worst global currencies in 2016

  The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP. The naira was said to have lost 36.68 per cent of its spot returns for the year,...

  • Posted December 31, 2016
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