All posts tagged "headline"

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  DPR: Nigeria’s crude oil reserves decline by 2billion barrels

  The Department of Petroleum Resources (DPR), Tuesday disclosed that Nigeria’s crude oil reserves now stand at 35 billion barrels, thus dropping by 2billion barrels or about 5.4 per cent, from an initial level of 37 billion barrels....

  • Posted March 20, 2014
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  Cash crunch to hit telecoms industry soon

  Owing to dwindling revenue streams and poor investment outlay, the Nigerian telecoms industry may soon experience cash crunch, investigations by our correspondent have revealed. The industry is currently struggling with high operating costs, lower average returns and...

  • Posted March 19, 2014
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  Manufacturers fret as SON begins review of cement standards

  It was a tension-soaked atmosphere yesterday in Lagos as the technical committee convened by the Standards Organisation of Nigeria (SON) began the review of cement standardisation in the country, with the primary objective of ensuring that only...

  • Posted March 19, 2014
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  Benin Power Company plans N45bn investments

  The Benin Electricity Distribution Company (BEDC) said to overcome the power challenges in the areas covered by it, over N45 billion would be required in order to improve the network and increase meter availability. Managing Director of...

  • Posted March 19, 2014
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  Union Bank to sell non-core banking subsidiaries

  Union Bank Plc is in the process of selling its non-core banking subdiaries to allow it focus on areas of competitive advantage, particularly retail, commercial and corporate banking, the Group Managing Director, Mr. Emeka Emuwa, has said....

  • Posted March 19, 2014
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  Nigeria lost 109.5m barrels of oil in 2013 – NNPC

  The Nigerian National Petroleum Corporation on Tuesday said that Nigeria lost 300,000 barrels per day or 109.50 million barrels in 2013 from severe attacks on critical export pipeline. The News Agency of Nigeria reports that the NNPC...

  • Posted March 19, 2014
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  FG permits DISCOs to disconnect indebted agencies

  THE Nigerian Electricity Regulatory Commission, NERC, has granted distribution companies, DISCOs, the liberty to disconnect government agencies which failed to pay their bills. The Chairman of NERC, Dr. Sam Amadi, stated this after the meeting of the...

  • Posted March 19, 2014
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  CBN to mop up N1.8tr in three months

  THE Central Bank of Nigeria, CBN, yesterday unveiled plans to mop up N1.866 trillion from the banking system through the sale of treasury bills. According to the treasury bill issue programme  for the second quarter released yesterday,...

  • Posted March 19, 2014
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  Nigerian food companies shun labelling requirement

  MOST food manufacturing companies in Nigeria have not complied with the recommendation to adopt the  Nigerian Heart Foundation, NHF, Heart Check Food Labelling programme  introduced in 1988. Worried by the development, which is allegedly fuelling cardiovascular diseases among...

  • Posted March 19, 2014
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  NEITI clarifies alleged NNPC unremitted $22.8bn

  THE Nigerian Extractive Industries Transparency Initiative, NEITI, has recanted its earlier position that it uncovered $22.8 billion unremitted oil revenue by the Nigerian National Petroleum Corporation, NNPC. NEITI’s Director of Communication, Dr. Orji Ogbonnaya Orji, said also...

  • Posted March 19, 2014
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