All posts tagged "headline"

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  Nigeria’s external reserves now $29.1bn

  Nigeria’s foreign exchange reserves declined by 15.61 per cent year-on-year to $29.101 billion as at December 30 from $34.52 billion a year ago, data from the Central Bank of Nigeria (CBN) revealed on Thursday. The drop in...

  • Posted January 2, 2016
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  NCAA lifts sanction on Lubcon

  The Nigerian Civil Aviation Authority (NCAA) has lifted the sanction it imposed on Lubcon from supplying aviation fuel to domestic and foreign airlines at airports in the country with immediate effect. This was contained in a letter...

  • Posted January 2, 2016
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  2016: Liquidity problem threatens power sector

  The growth prospects of the nation’s power sector, whose privatisation recently entered its third year, may be dampened this year as funding challenge continues to hamper investors’ interests. Many of the private investors, who took over the...

  • Posted January 2, 2016
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  NNPC loses N255.28bn in 11 months

  The total loss of the Nigerian National Petroleum Corporation from January to November 2015 has been put at N255.28bn, as against N240.98bn which it recorded from January to October in the same year. An analysis of the...

  • Posted January 2, 2016
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  MAN hails government’s import substitution policy

  The President, Manufacturers Association of Nigeria, Dr. Frank Jacobs, has commended the Federal Government for pledging to encourage import substitution, adding that the government has responded to the yearnings of the association regarding the policy. “The import...

  • Posted January 2, 2016
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  NNPC didn’t remit $4.7bn, N318bn to Federation Account – NEITI

  The Nigerian National Petroleum Corporation and its subsidiary, the Nigerian Petroleum Development Company, did not remit a total of $4.7bn and N318.2bn to the Federation Account in 2014, the latest report of the Nigeria Extractive Industries Transparency...

  • Posted January 1, 2016
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  PENGASSAN, NUPENG differ on new petrol price

  The two major unions in the oil and gas sector, the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Nigeria Union of Petroleum and Natural Gas employees, on Wednesday expressed divergent views on the...

  • Posted January 1, 2016
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  FG, states, LGs owe electricity firms N45bn

  The debt owed the 11 power distribution companies by the three tiers of government has risen to N45bn, according to the latest data compiled by the Association of Nigerian Electricity Distributors. It was learnt that the debt,...

  • Posted January 1, 2016
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  Nigeria to acquire two satellites from China for $701m

  Nigeria has opened talks with China for the financing and construction of two new communication satellites at a cost of $701m. The new satellites, to be known as NigComSat-2 and NigComSat-3, are to serve as backup to...

  • Posted January 1, 2016
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  NECA DG advises FG on economic policies

  The Director-General, Nigeria Employers’ Consultative Association, Mr. Olusegun Oshinowo, has advised the Federal Government to refrain from making policies that will further constrain the ease of doing business. While speaking on the expected policy direction of the...

  • Posted January 1, 2016
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