All posts tagged "headline"

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  African leaders join Nigeria to reject European Economic Agreement

  African Ministers of Trade and experts in trade and regional integration have aligned with Nigeria’s position on the trade liberalisation deal with the European Union under the Economic Partnership Agreement (EPA), saying it will have a long-term...

  • Posted May 1, 2014
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  Cement manufacturers blame high price on gas shortage

  The high cost of cement in Nigeria despite the increase in its production has been attributed to the inadequate supply of gas to manufacturers of the product. This coming as the Federal Government has finally adopted the...

  • Posted May 1, 2014
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  Economy attracted N6.48tn investment in 26 months – NBS

  The National Bureau of Statistics on Tuesday said that the Nigerian economy attracted $40.503bn (N6.48tn) worth of investments within a period of 26 months. The agency stated this in its report signed by the Statistician-General of the...

  • Posted May 1, 2014
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  DPR suspends seven oil marketers, sanctions 11 others

  The Department of Petroleum Resources has suspended the operating licences of seven petroleum product marketers and has sanctioned 11 others in Abuja for sharp practices. It said the 18 marketers were sanctioned in April, adding that their...

  • Posted May 1, 2014
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  FIRS decries high tax evasion in Akwa Ibom

  The Federal Inland Revenue Service, Small and Medium Tax Office, Akwa Ibom State, has described the rate of tax evasion in the state as worrisome. It said that many businesses in the state had not registered with...

  • Posted May 1, 2014
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  Power stations privatisation: Talks between Ethiope, BPE collapse

  Talks aimed at resolving the dispute between Ethiope Energy Limited and the Bureau of Public Enterprises (BPE)  ‎over the bid process for three National Integrated Power Plants (NIPPs) power stations have collapsed. Wednesday, counsel to Ethiope Energy...

  • Posted May 1, 2014
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  Guinness’ profit declines 30% in nine months

  Guinness Nigeria Plc Monday announced its results for the nine months ended March 31, 2014, showing a decline of 30 per cent profit before tax. Analysts said with the decline in bottom-line for the nine months, shareholders...

  • Posted April 30, 2014
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  Total directs Hyundai to comply with Nigerian Content Law

  Following the violation of the Nigerian Content Act  by a Korean contractor, Hyundai Heavy Industries (HHI), in the execution of Ofon-2 Project, Total Exploration and Production (E&P) Nigeria Limited has directed the Korean firm to ensure full...

  • Posted April 30, 2014
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  Egbin power plant loses N5.6bn to gas shortage

  The Chief Executive Officer, Egbin Power Plc, Mr. Mike Uzoigwe, has said that the 1,320-megawatts plant is losing N8.134 per kilowatt hour to gas shortage and other challenges and that this amounts to about N5.6bn annually. He...

  • Posted April 30, 2014
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  CPC clamps down on Aero over violation of passenger rights

  The Consumer Protection Council (CPC) yesterday announced that it had brought its regulatory powers  to bear against Aero Contractors Airline, having found it culpable of gross disregard of the rights of passengers on its November 8, 2013...

  • Posted April 30, 2014
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