All posts tagged "featured"

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  Conoil grows profit by 176% to N2.3bn, pays 300k dividend

  Conoil Plc yesterday reported a better-than-expected results for the year ended December 31, 2015, recording a growth of 176 per cent in profit and 200 per cent rise in dividend. Despite the challenging operating environment, Conoil Plc...

  • Posted September 10, 2016
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  Forcados, Qua Iboe shutdowns hit Seven Energy

  Seven Energy International Limited, an integrated gas company in south east Nigeria with upstream oil and gas interests in the region, has taken a serious beating from the shutdowns of Forcados and Qua Iboe terminals. The company,...

  • Posted September 9, 2016
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  Abuja industrialists caution against fuel price hike

  The Abuja Chamber of Commerce and Industry has cautioned against fuel price hike, adding that any attempt to raise the price of petrol from the current price will further worsen the current economic situation. The President of...

  • Posted September 9, 2016
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  ECOWAS Commission, TEF seal pact on MSMEs financing

  The ECOWAS Commission and the Tony Elumelu Foundation have entered into an agreement to support Micro, Small and Medium Enterprises in the areas of financing, best practices, capacity building and access to regional and international markets. The...

  • Posted September 9, 2016
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  T-Bills: CBN to borrow N952bn in three months

  The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to December 1, 2016. In its latest TBs issuance calendar, the CBN said it...

  • Posted September 9, 2016
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  NDPR to increase refining capacity to 11,000 bpd

  Chemex Modular, LLC said it had reached terms in principle with the Niger Delta Petroleum Resources Limited to expand NDPR’s existing refining capacity from 1,000 barrels of crude per day to 11,000 barrels per day. The company...

  • Posted September 9, 2016
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  Take advantage of low stocks prices – Fidelity Bank MD urges investors

  Investors have been advised to take advantage of the low prices of shares and increase their investment at the stock market. The Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo, gave this advice while speaking during a...

  • Posted September 9, 2016
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  Efficient payment system pivotal for financial system’s growth – Emefiele

  The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has stressed that an efficient payment system is pivotal to Nigeria’s financial system as well as in engendering sustained economic growth and development. The governor pointed out...

  • Posted September 9, 2016
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  NAIC rules out compensation for victims of tomato virus

  The Nigerian Agricultural Insurance Corporation (NAIC) has said that tomato farmers will get no compensation for losses incurred during the outbreak of ‘tomato Ebola Virus’ in different parts of the country. The Corporation explained that its role...

  • Posted September 8, 2016
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  African economies gain from agriculture investment

  African countries that took early action in the past decade to invest in agriculture have reaped the rewards, enjoying higher economic growth and a bigger drop in malnutrition, a major farming development organisation said yesterday. The report...

  • Posted September 8, 2016
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