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US, Honeywell Group sign $514,000 grant agreement
The U.S. Trade and Development Agency (USTDA) and Honeywell Group Ltd on Thursday signed a $514,000 (about N84.8million) grant agreement, to develop a gas-based industrial project in Nigeria. With the...
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FG, stakeholders to brainstorm on housing finance
Key stakeholders in the housing finance sector are billed to brainstorm on the best way to meet the targets set for mass housing in the country, following the successful launch of the Nigerian Mortgage...
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More ships carrying petroleum products arrive Lagos
The Nigerian Ports Authority (NPA) on Friday said that four vessels carrying petroleum products had arrived at the ports in Lagos. This is contained in the NPA’s daily publication, the “Shipping...
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Market capitalisation grows by N5bn
Transactions on the Nigerian Stock Exchange (NSE) on Thursday closed at an upward trend with market capitalisation appreciating by N5billion. The News Agency of Nigeria (NAN) reports that the...
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Fuel situation reaches crisis point in Enugu
The scarcity of fuel in Enugu took a new dimension on Thursday as independent petroleum marketers withdrew their services, alleging that the government had compelled them to sell at...
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Electricity: FG inaugurates privatisation monitoring committee
The Federal Government on Thursday in Abuja inaugurated a committee to address issues arising from the privatisation of the nation’s power sector. The Permanent Secretary, Federal Ministry of Power,...
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BPE attributes power sector unbundling success to FG’s commitment
Mr Benjamin Dikki, the Director-General, Bureau for Public Enterprise (BPE), has attributed the agency’s success in the unbundling of the power sector to the removed all inhibitions by the Federal...
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NSE weekly transactions end on upbeat note
Weekly transactions on the Nigerian Stock Exchange (NSE) ended on positive note on Friday with some blue chip appreciating substantially. The News Agency of Nigeria (NAN) reports that Nestle led the...
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FG to generate $4.2bn from 7 NIPP Power Plants
The Joint Transaction Board comprising the Boards of the National Council on Privatisation (NCP) and the Niger Delta Power Holding Company (NDPHC) friday gave approval to the preferred and reserved...
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NLNG debunks allegations of non-remittance to Federation Account
The management of the Nigeria Liquefied Natural Gas Company (NLNG) has denied allegations of non-remittance of funds accruing from the company to the Federation Account from 2004 to date which was made...
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NERC bows to consumers’ pressure, sets target for DISCOs
At last, the Nigerian Electricity Regulatory Commission has expressed its disappointment in the failure of the power distribution companies to deliver their service commitments to the market three...
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Shell denies having pending liability in Nembe community
CRUDE AND GAS OOZING OUT AT IKARAMA IN YENAGOA The Shell Petroleum Development Company (SPDC) says it has no pending oil spill and gas flare liabilities in Nembe community of Bayelsa. The SPDC’s...
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Nigeria proposes BASA agreement with Cuba to boost economic relations
DESTINY CHILDREN DANCE GROUP FROM SARDAUNA LGA OF TABABA PERFORMING DURING A NIGERIA-CUBA CULTURAL EXCHANGE PROGRAMME IN JAINGO Nigeria has proposed a Bilateral Air Services Agreement (BASA) with Cuba...
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Expert urges FG to remove subsidy on Kerosene importation
PEOPLE WAITING TO BUY KEROSENE IN BAUCHI Mrs Nkechi Obi, the Executive Vice Chairman, Techno Oil Ltd., on Monday called on the Federal Government to remove subsidy on kerosene importation. Obi, who...
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ASHON links downward trend in capital market to sell pressure
The Association of Stockbroking Houses of Nigeria (ASHON) on Monday attributed the fall in the price of equities at the nation’s bourse to the sell pressure by local and foreign investors. Mr Emeka...
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Industrial policies of African countries must align with continent’s...
Dr Rene Kouassi, Director of Economic Affairs, African Union Commission, said industrialisation policy of African countries must align with integration process of the continent to ensure inclusive...
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Nigerians consumed 250,000 tonnes of LPG in 2013, says PPMC
Nigerians consumed a paltry 30 per cent or 250,000 tonnes, out of the whopping 850,000 tonnes of Liquefied Petroleum Gas (LPG) reserved for domestic use last year. According to the Managing Director of...
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FIRS gets N4.21trn revenue target for 2014
FROM LEFT: COORDINATING DIRECTOR, FIELD OPERATIONS GROUP, FEDERAL INLAND REVENUE SERVICE(FIRS), MR JULIUS BAMIDELE; DIRECTOR, PROGRAMME MANAGEMENT, NON-TAX OFFICE, CHIAKA OKOYE; ACTING FIRS CHAIRMAN,...
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11 ships with rice expected at Lagos port between Monday and Wednesday
The Nigeria Ports Authority (NPA) says 11 ships carrying rice will arrive in the Lagos ports between March 24 and 26. The NPA, in its daily bulletin, “Shipping Position,” said that the ships would...
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NSE All-Share Index dips by 0.49%
Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on downward trend with the All-Share Index depreciating marginally by 0.49 per cent. The News Agency of Nigeria (NAN) reports...
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