All posts tagged "headline"

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  Fuel scarcity persists despite NNPC’s 1.4-billion litres supply

  The scarcity of petrol in major cities across the country has lingered despite repeated claims by the Nigerian National Petroleum Corporation that it has enough stock to keep the country wet, particularly during the yuletide. In its...

  • Posted December 21, 2015
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  Fines are to serve as deterrent, corrective measures – Odibo

  The recent fine slammed on MTN Nigeria for contravening a directive of the Nigerian Communications Committee has continued to reverberate even beyond the shores of Nigeria. As the telecoms giant continues to struggle to meet the December...

  • Posted December 21, 2015
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  Capital market suffered 20% loss in 7 months – Analysts

  Amidst the sustained negative performance of equities on the Nigerian Stock Exchange, especially through the second quarter to the end of the year, Capital market analysts have put the total loss incurred at 20 per cent for...

  • Posted December 21, 2015
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  We have to deal with foreign exchange challenges to end fuel shortages – Ibe Kachikwu

  Nigeria’s oil sector reforms Czar and Group Managing director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, is facing, perhaps, the toughest test of his glittering career as fuel scarcity persists across the country, threatening...

  • Posted December 20, 2015
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  FIRS widens tax net, targets .5m corporate organisations, 27m individuals

  As Nigerian banks grapple with various challenges in recent times, perhaps, one of the lessons learnt is the need to think beyond the box in seeking answers to various questions raised by a raft of regulatory headwinds...

  • Posted December 20, 2015
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  Petrol may sell below N87 per litre next year – NNPC

  Following recent disclosure by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu that government would review and present new cost-reflective pricing template for domestic petrol sales and consumption, the Nigerian National Petroleum Corporation (NNPC) and...

  • Posted December 20, 2015
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  SON to penalise sellers of substandard products

  The Standards Organisation of Nigeria says it will by the first quarter of 2016 begin to penalise retailers and wholesalers of substandard products in the country. The Director-General, SON, Dr. Joseph Odumodu, said this at the SON-China...

  • Posted December 20, 2015
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• NUPENG warns NNPC against sacking 1,100 workers

  The Nigeria Union of Petroleum and Natural Gas Workers has warned the management of the Nigerian National Petroleum Corporation against the plan to sack about 1,100 employees of the corporation. The oil workers’ union, in a statement...

  • Posted December 20, 2015
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  Nigeria’s trade balance weakens as oil prices bite

  Nigerian exports plunged in the third quarter from a year ago and imports also fell, the National Bureau of Statistics said, as currency controls introduced by the Central Bank of Nigeria this year to support the economy...

  • Posted December 20, 2015
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  Sterling Bank to raise N35bn in fresh capital

  Sterling Bank Plc will raise N35bn ($177m) in Tier II capital between January and February to expand its loan book next year, its Chief Executive Officer, Mr. Yemi Adeola, has said. He said the mid-tier lender saw...

  • Posted December 19, 2015
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