All posts tagged "featured"

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  Third-quarter results to shape market trend – Analysts

  Financial analysts have said that the release of the third quarter results will determine the outcome of the stock market trading sessions this week. The analysts, said the capital market was likely to experience increased trading activities...

  • Posted October 18, 2016
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  Dangote buys gas firm in the Netherlands

  As part of its strategy to meet Nigeria’s gas requirements, Dangote Industries Limited (DIL) has recently completed the acquisition of Twister B.V., a company headquartered in the Netherlands. Twister B.V. delivers reliable, high-yield and robust solutions in...

  • Posted October 17, 2016
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  Direct crude sale saves Nigeria N102.6bn

  By putting an end to the crude-for-products exchange arrangement, popularly known as crude swap, Nigeria was able to save N102.6bn between April and July this year. In February, the Minister of State for Petroleum Resources, Dr. Ibe...

  • Posted October 17, 2016
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  Releasing funds to contractors will end recession — Fashola

  The Federal Government has said it is investing massively in road construction, public housing and other infrastructure as part of measures to take the country out of recession. It said it had released funds for the payment...

  • Posted October 17, 2016
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  External reserves hit 11-year low of $24.21bn

  The country’s external reserves have hit an 11-year low of $24.21bn, according to the latest data from the Central Bank of Nigeria. The development means a limited amount of dollars will be available at the official interbank...

  • Posted October 17, 2016
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  NNPC increases crude exploration in Gongola, others

  The Nigerian National Petroleum Corporation has embarked on a more rigorous exploration of the Gongola and other frontier inland basins as part of efforts to shore up the oil and gas reserve base across the country. The...

  • Posted October 16, 2016
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  Inflation rate rises to 17.9% – NBS

  In September, the Consumer Price Index, which measures inflation across the country, increased by 17.9 per cent year-on-year, up from the 17.6 per cent recorded the previous month. According to the National Bureau of Statistics, energy and...

  • Posted October 16, 2016
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  CBN approves special forex sale for airlines, others

  The Central Bank of Nigeria has approved a special secondary market intervention retail sales of foreign exchange for airlines operating in the country. According to a statement from the aviation arm of the Federal Ministry of Transportation...

  • Posted October 16, 2016
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  Oando, Forte Oil, 25 others get crude lifting contracts

  The Nigerian National Petroleum Corporation has increased the number of companies referred to as off-takers of the country’s crude oil from 21 to 27. Last December, the corporation announced the award of its 2016 crude oil term...

  • Posted October 15, 2016
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  First Bank gets approval to sell forex to BDCs

  First Bank of Nigeria Limited says it has received the approval of the Central Bank of Nigeria to commence the sale of foreign exchange to licenced Bureau De Change operators. The lender, in a statement on Thursday,...

  • Posted October 15, 2016
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