All posts tagged "headline"

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  Cross River Assembly slashes 2015 budget by 14.8%

  The Cross River State House of Assembly on Thursday passed the 2015 budget of N127.85bn into law. The figure represents a slash of 14.8 per cent of the original estimates of N149.44bn presented to the House by...

  • Posted April 4, 2015
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  Government agencies killing local industries – Manufacturers lament

  Some manufacturers have accused regulatory authorities in Nigeria of killing the local industry. They say the authorities are daily discouraging local manufacturers through practices that have sent most of them out of business. At a recent interactive...

  • Posted April 4, 2015
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  NIMET warns pilots of reduced visibility

  The Nigerian Meteorological Agency on Thursday announced that dust particles would reduce visibility in the atmosphere in some parts of the country in the coming days. It stated that this might not lead to severe flight disruptions...

  • Posted April 4, 2015
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  Equatorial Guinea ratifies new ExxonMobil exploration agreement

  The Ministry of Mines, Industry and Energy of Equatorial Guinea has announced the ratification of Production Sharing Contract (PSC) for ExxonMobil’s oil block EG-06 by the government of Equatorial Guinea. Block EG-06 is located offshore Bioko Island,...

  • Posted April 4, 2015
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  Number portability: 234,880 subscribers swap networks in 21 months

  A total of 234, 880 telecoms subscribers ported to various networks since the introduction of Mobile Number Portability on the Global System for Mobile Communications (GSM) network on April 22, 2013. According to the statistics   recently released...

  • Posted April 3, 2015
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  Custodian and Allied records N5.15billion profit

  Custodian and Allied Plc has released its audited results for the year ended 31 December 2014, showing improved performance.  Custodian and Allied  Plc  is an  investment holding company with significant investments in general and life insurance, pension...

  • Posted April 3, 2015
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  Nigeria earned $77bn from oil export in 2014

  Nigeria’s real net oil export revenue dropped to $77bn in 2014, the lowest since 2011, data from the newly released OPEC Revenues Fact Sheet have revealed. The fall in global oil prices by more than 60 per...

  • Posted April 3, 2015
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  Analysts seek improved monetary, fiscal policy collaboration under Buhari

  The incoming administration of Major General Muhammadu Buhari has been advised to ensure improved collaboration between the monetary and fiscal authorities in economic management. A report by Renaissance Capital Limited on Wednesday, specifically noted that such collaboration...

  • Posted April 3, 2015
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  CBN advocates more financing for medium, small business

  Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has reiterated the strategic importance of the Micro, Small and Medium Enterprise (MSME) to the growth of the nation’s economy, saying  they needed more funding. This was stated...

  • Posted April 3, 2015
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  Naira gains 7%, now 211 to dollar

  The naira appreciated by seven per cent to 211 against the United States dollar at the parallel market following the victory of the candidate of the All Progressives Congress, Gen. Muhammadu Buhari, in Saturday’s presidential election. The...

  • Posted April 3, 2015
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