All posts tagged "featured"

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  Buhari vows to revamp agriculture in Niger Delta

  President Muhammadu Buhari at the weekend in Yenagoa, the Bayelsa State capital, vowed to revamp the economy of the Niger Delta to ensure that in the next few years, agriculture would coexist and compete favourably with proceeds...

  • Posted November 22, 2016
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  CBN to provide N750bn for agric bank recapitalisation

  The Central Bank of Nigeria is to provide about N750bn for the recapitalisation of the Bank of Agriculture before the end of next year, the Federal Government has said. According to the government, the restructuring and recapitalisation...

  • Posted November 22, 2016
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  NNPC, Shell, banks sign $2.2bn deal for contractors

  Shell, supported by the Nigerian National Petroleum Corporation, has signed Memoranda of Understanding with eight local banks under the refreshed Shell Contractors’ Support Fund. The oil major, in a statement on Sunday, described the development as the...

  • Posted November 22, 2016
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  Forex crisis: Fitch downgrades 10 Nigerian banks

  A leading global rating agency, Fitch Ratings, has revised down the Support Rating Floors of 10 Nigerian banks to ‘No Floor’ and downgraded nine others’ Support Ratings to ‘5’ following a reassessment of potential sovereign support for...

  • Posted November 22, 2016
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  Local cement production saves Nigeria $2bn annually – Dangote

  Nigeria is saving about $2bn annually as a result of the local production of cement by different manufacturers, the Dangote Group has stated. It also stated that the upsurge in cement production had helped increase the manufacturing...

  • Posted November 22, 2016
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  Ban export of Nigeria’s grains – Tambuwal tells FG

  Against the backdrop of the concerns in some quarters over the outbreak of famine in Nigeria next year, Governor Aminu Waziri Tambuwal of Sokoto State has urged the federal government to immediately stop the export of food...

  • Posted November 21, 2016
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  Port Harcourt refinery set to commence aviation fuel production

  The Port Harcourt Refining Company is set to commence the production of Aviation Turbine Kerosene, popularly known as aviation fuel or JetA1, the Nigerian National Petroleum Corporation has said. According to the corporation, the Managing Director, PHRC,...

  • Posted November 20, 2016
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  Naira to trade tight on CBN’s measures

  The naira is expected to trade in a tight range at the official and parallel markets next week as the Central Bank of Nigeria struggles to curb speculation on the local currency and reduce pressure on the...

  • Posted November 20, 2016
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  FG moves against agencies over financial abuse

  The Federal Government has decided to come down hard on some its revenue-generating agencies accused of engaging in activities that are considered to be abuse of the revenues they generate. Instead of remitting the revenues to the...

  • Posted November 19, 2016
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  N38bn Benue cargo airport private initiative — Ortom

  The Benue State Governor, Samuel Ortom, has said that the proposed N38bn cargo airport for the state is a private initiative being carried out by a consortium. He wondered where his administration could have secured money to...

  • Posted November 19, 2016
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