All posts tagged "featured"

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  Forex inflow drops by $447m on oil facility attacks

  The persistent attacks on the country’s oil installations by militants in the Niger Delta have resulted in a decrease of about $447m in foreign exchange inflows from $1.4bn in September to $957.3m in October. Figures obtained from...

  • Posted December 12, 2016
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  Power grid collapses 28 times in nine months

  The nation’s power grid has collapsed 28 times this year, the highest since 2011, as the quantum of spinning reserve aimed at forestalling such occurrence remains low.  The development, which was exacerbated by the upsurge in militant...

  • Posted December 12, 2016
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  OPEC to push for non-member oil cuts

  The OPEC cartel will seek Saturday to persuade other oil producers to lower production as part of a newly struck global pact to stem a crude glut and lift painfully low prices. The Vienna meeting, which includes...

  • Posted December 11, 2016
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  CBN asks banks to rescue the economy

  The Central Bank of Nigeria has charged Deposit Money Banks in the country to work towards salvaging the distressed economy as the role of returning it to normalcy remains their responsibility owing to their financial intermediation activities...

  • Posted December 11, 2016
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  FG to sell N20bn of green bonds in Q1

  The Federal Government plans to raise N20bn ($63m) by March to help fund renewable energy projects, the first issuance of so-called green bonds in the country’s. “We are on track to sell the bond in the first...

  • Posted December 11, 2016
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  NSE, EFCC stop N20m capital market fraud

  The Nigerian Stock Exchange and the Economic and Financial Crimes Commission have succeeded in aborting a N20m fraud targeted at the estate of an investor in the market, the late Prof. David Osifo. The development was contained...

  • Posted December 10, 2016
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  NERC fines TCN N47.6m for infractions

  The Nigerian Electricity Regulatory Commission has slammed a N47.6m fine on the Transmission Company of Nigeria for various regulatory breaches. According to the commission, the fine is also due to the company’s failure to submit its 2013...

  • Posted December 10, 2016
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  We won’t consider 2017 budget until MTEF is passed – Senate

  The Senate has said even though President Muhammadu Buhari will present the 2017 Appropriation Bill to the National Assembly next Wednesday, it will not consider the bill until the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy...

  • Posted December 10, 2016
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  NLNG forecasts 32% annual growth for Nigeria’s LPG Market

  A market study conducted by the Nigeria LNG Limited has showed that given the right conditions, the Liquefied Petroleum Gas (LPG) market in Nigeria can grow its penetration and market share by 32 per cent from 400,000...

  • Posted December 6, 2016
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  Harmattan: NCAA warns pilots about poor visibility

  The Nigerian Civil Aviation Authority has issued a circular warning pilots about poor visibility brought about by harmattan haze in some parts of the country. The spokesperson for the NCAA, Mr. Sam Adurogboye, said the circular, which...

  • Posted December 6, 2016
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