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All posts tagged "headline"

  • Nigeria reserves drop to $48.33bn

    Nigeria’s foreign exchange reserves dropped by 0.16 percent month-on-month to $48.33 billion by June 24, the lowest level in more than three months, data from the Central Bank of Nigeria, CBN, showed yesterday. The reserves, however, were...

    • Posted June 28, 2013
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  • Reps urge CBN to implement cashless policy in phases

    HOUSE of Representatives, yesterday, mandated Central Bank of Nigeria, CBN, to implement the cashless policy introduced in the country in phases. The motion, promoted by 53 lawmakers, is entitled Need for Central Bank of Nigeria to Implement...

    • Posted June 28, 2013
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  • Oil discovery, boost to national reserve – Lagos government boasts

    Lagos state Government,yesterday, confirmed that it was aware of the discovery of crude oil in commercial quantities in the state, describing it as “a boost for the nation’s oil reserve drive.” It will be recalled that, Wednesday,...

    • Posted June 28, 2013
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  • FG may ban importation of generators; to declare state of emergency in power sector

    President Goodluck Jonathan, has restated the desire of the Federal Government to ensure steady power supply in the country, saying a proposal to ban importation of electricity generating sets may be implemented. Speaking at the fifth Academy...

    • Posted June 27, 2013
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  • Ajaokuta Steel: FG expresses satisfaction with level of work

    THE Federal Government has expressed satisfaction with the level of work done at the Ajaokuta Steel Company Limited. This was stated by the Minister of Mines and Steel Development, Arc Musa Mohammed Sada, during a visit by...

    • Posted June 27, 2013
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  • Nigeria receives N2.08trn from global agencies

    Nigeria has received a total of N2.08 trillion ($13 billion) from international donor agencies under the Country Assistance Framework, CAF, as at the end of 2012, according to a report on CAF programme for the Federal Republic...

    • Posted June 27, 2013
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  • CIIN urges insurance firms to develop SMEs

    Chartered insurance institute of Nigeria, CIIN, has called on insurance firms  to ensure that the Industry should be in the vanguard of promoting medium and small scale enterprises in line with the transformation agenda of the Federal...

    • Posted June 27, 2013
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  • New oil site found in Nigeria offshore

    Optimum Petroleum Development Limited and its partner Afren Nigeria have announced that the high impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on the results of...

    • Posted June 27, 2013
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  • International agencies invest N187bn in Nigeria’s energy

    NIgeria’s development partners have invested about N187.44 billion ($1.17 billion) in the country’s energy sector as at December 2012, under the Country Assistance Framework, CAF. The partners, according to the CAF draft document for May 2013, are...

    • Posted June 27, 2013
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  • Why we detained NLNG vessels – NIMASA

    The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it detained the three vessels belonging to the Nigerian Liquefied Natural Gas (NLNG) due to its failure to pay levies due to and its lack of...

    • Posted June 27, 2013
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