All posts tagged "headline"

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  External reserves drop by $469m in two weeks

  The nation’s exchange reserves have been depleted by $469m in the past two week, the latest figures from the Central Bank of Nigeria have revealed. After hitting $29.819bn on May 18, 2015, the country’s forex reserves commenced...

  • Posted June 8, 2015
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  Oil traders, NNPC officials interrogated, watch-listed in major investigation

  A major investigation is underway in the oil and gas sector as the Economic and Financial Crimes Commission (EFCC) and The Department of State Security (DSS) are investigating the crude oil swap programme and the Offshore Processing...

  • Posted June 8, 2015
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  Post-PIB shakeup: NNPC drills workforce on regulatory compliance

  In a move that suggests it is already considering its operational status in a competitive oil and gas industry as enunciated in the Petroleum Industry Bill (PIB), the Nigerian National Petroleum Corporation (NNPC) has opted to drill...

  • Posted June 8, 2015
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  Fuel scarcity: FG, marketers parley, set June 13 to end supply dilemma

  The federal government through its key agencies in Nigeria’s oil and gas industry on Friday met again with oil marketers to appraise ongoing scarcity of petrol across the country, with a view to upgrading joint efforts to...

  • Posted June 7, 2015
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  CBN tweaks FX rate to N196.95/$1, may loosen currency regime

  The Central Bank of Nigeria (CBN) on Thursday made a tiny adjustment to its exchange rate peg to the dollar on its website, a move an analyst said may indicate that the regulator was beginning to think...

  • Posted June 7, 2015
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  Group commends passage of equipment leasing bill

  The Equipment Leasing Association of Nigeria (ELAN) has commended members of the outgoing National Assembly for passing the equipment leasing bill. The group noted that the long awaited bill was initiated in response to continued calls by...

  • Posted June 7, 2015
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  Kaduna Electric extends workers contract by two months

  The Managing Director/CEO of Kaduna Electric (Kaduna Electricity Distribution Company), Mr. Garba Haruna, has announced a two month extension of the contract of its workers. The contract will now terminate on July 31, 2015. In a statement...

  • Posted June 7, 2015
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  FG may privatise FAAN, some airport terminals

  There is an indication that the federal government may divest at least 51 per cent ownership of the Federal Airports Authority of Nigeria (FAAN) to private investors. It has also emerged that government plans to concession some...

  • Posted June 7, 2015
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  Nigerians willing to buy fuel online – Report

  A survey carried out on Nigerians’ willingness to buy petroleum products through the Internet by kaymu.com.ng has revealed that 73 per cent of the citizens are willing to buy the products online if the law permits it....

  • Posted June 6, 2015
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  BAT loses N9bn annually to illicit tobacco traders

  The British American Tobacco has lamented the loss of £30m (about N9bn) every year to the activities of illicit tobacco traders and cloners of the firm’s various brands of cigarettes. Speaking at a press conference to mark...

  • Posted June 6, 2015
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