All posts tagged "headline"

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  India promises to buy more Nigerian crude oil

  The Indian Government has promised to increase the volume of crude oil it buys from Nigeria. The Asian country also promised to invest $5bn in the Nigerian economy. The Indian Vice President, Mohammad Ansari, made the pledge...

  • Posted September 29, 2016
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  Senate, Utomi reject plan to sell assets

  The Senate on Tuesday rejected the proposal by the National Executive Council to sell some of the country’s assets to shore up the foreign reserves as part of measures to bring the nation out of recession. The...

  • Posted September 29, 2016
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  Committee recommends merger of Customs, FIRS

  The National Tax Policy Review Committee that was constituted by the Federal Government last month has recommended the merger of the Federal Inland Revenue Service and the Nigeria Customs Service. The committee, headed by Prof. Abiola Sanni,...

  • Posted September 29, 2016
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  NNPC to pay for JV cash call arrears through royalties

  The Nigerian National Petroleum Corporation says it has started working out modalities that will enable it to exit Joint Venture cash call arrears by ensuring that outstanding and future payments are liquated from oil and gas royalties...

  • Posted September 29, 2016
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  Value of global mergers and acquisitions declines by 27% to $1.8trn

  The value of global mergers and acquisition (M&A) has declined by 27.4 per cent to $1.8trillion between January and August 2016, according to data obtained by THISDAY on Monday. The data contained in the Global Merger Report...

  • Posted September 29, 2016
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  FG to raise N340bn in bonds in Q4 – DMO

  The country plans to raise between N250bn and N340bn ($794.91m -$1.08bn) in local currency-denominated bonds in the fourth quarter of this year, the Debt Management Office said on Tuesday. The debt office said it would auction between...

  • Posted September 29, 2016
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  Shell shuts 180,000-bpd oil pipeline, exports threatened

  The nation’s crude oil exports have suffered another setback with the shutdown of the Trans Niger Pipeline, which carries Bonny Light crude, as a precautionary measure after a fire was seen, a spokesman for Shell Petroleum Development...

  • Posted September 28, 2016
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  Nigeria’s foreign reserves drop to $24.74bn

  The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, says Nigeria’s foreign reserves have reduced from $26.51 billion in the second quarter of 2016 to $24.74 billion in September. Udoma on Tuesday said this at...

  • Posted September 28, 2016
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  NCAA to meet foreign airlines over rejection of naira

  The Nigerian Civil Aviation Authority says it will convene a meeting with foreign airline operators over their alleged rejection of naira payment for flight tickets. The General Manager, Public Relations, NCAA, Mr Sam Adurogboye, on Tuesday confirmed...

  • Posted September 28, 2016
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  NCC writes AGF, demands N50bn paid by MTN

  The Nigerian Communications Commission has written the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, demanding the transfer of the initial N50bn paid by MTN Nigeria Communications to the regulator’s account with the...

  • Posted September 28, 2016
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