All posts tagged "headline"

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  Oil drops below $28 for first time since 2003

  The price of Brent crude fell below $28 per barrel monday for the first time in 12 years, as oil traders braced for Iran’s return to the global oil market after years of economic isolation as a...

  • Posted January 20, 2016
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  NSITF tasks NNPC on employees’ compensation scheme

  Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Umar Munir Abubakar has enjoined the management of the Nigerian National Petroleum Corporation (NNPC) to expedite action in the registration of employees of the...

  • Posted January 20, 2016
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  NCAA warns airlines over arbitrary increase of air fares

  The Nigerian Civil Aviation Authority (NCAA) has warned scheduled commercial airline operators in Nigeria to desist from arbitrarily increasing miscellaneous charges on ticket payment content without the authority’s approval. Airlines have variously been accused of padding charges...

  • Posted January 19, 2016
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  Dangote invests in tomato production to create jobs, tackle poverty in Kano

  It is a situation that mirrors the giant oil industry, where Nigeria has abundant resources but has lacked the capacity, will or ability to exploit it, forcing a reliance on imports. But Africa’s richest man, Aliko Dangote...

  • Posted January 19, 2016
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  Higher food prices, transportation push inflation to 9.6%

  The Consumer Price Index (CPI), which measures inflation, rose further to 9.6 per cent in December compared to 9.4 per cent in the previous month, according to the National Bureau of Statistics (NBS). The 0.2 per cent...

  • Posted January 19, 2016
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  Nigeria faces further revenue slump as Iran returns to oil market

  Nigeria’s dwindling oil revenue is expected to fall further as Iran is set to commence immediate exports of at least 500,00 barrels of crude oil per day (bpd) following the lifting of international sanctions against the country...

  • Posted January 19, 2016
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  New owners inject $1bn in NITEL to revive telecoms firm

  About $1 billion has already been expended on the revival of Nigerian Telecommunication Limited (NITEL) and its sister company, Mobile Telecommunication Limited (Mtel), which were recently acquired by NATCOM Development and Investment Limited from the Nigeria Telecommunications...

  • Posted January 19, 2016
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  Nigeria’s oil fields face shutdown amid price slump

  With crude oil trading around $30 per barrel in the international market from a peak of $114 in June 2014, production from Nigeria now faces a decline as some fields face an imminent shutdown if the low...

  • Posted January 19, 2016
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  NDIC unveils protection measure for mobile money subscribers

  The Nigeria Deposit Insurance Corporation has released deposit insurance guidelines on the mobile payment system, known as ‘Pass-Through Deposit Insurance scheme’. The NDIC said the move followed the introduction of mobile banking in Nigeria by the Central...

  • Posted January 19, 2016
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  Abuja-Kaduna train begins operation in March

  Nigeria’s first high speed train moving from Abuja to Kaduna will commence operation in March this year, the Managing Director, Nigerian Railway Corporation, Mr. Adeseyi Sijuwade, has said. Already, he said the corporation would take delivery of...

  • Posted January 19, 2016
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