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Nigeria's Barkindo Is OPEC Chief Scribe
A former Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Mohammed Barkindo, has emerged as the Secretary-General of the Organisation of Petroleum Exporting Countries.
Ogoniland Clean-Up: Govt. will no longer tolerate oil theft – VP Osinbajo
Vice-President Yemi Osinbanjo has warned that the Federal Government would no longer tolerate the current theft and illegal refining of crude oil in the Niger Delta.
FG Bans Mass Disconnection Of Electricity Customers
The Nigerian Electricity Regulatory Commission (NERC) said it has banned the mass disconnection of electricity debtors by the 11 Distribution companies (Discos) just as the firms said they are only cutting off long-term debtors.
Ecobank Nigeria Fires 1,040 Workers
The gale of job losses being witnessed in the country due to the current economic hardship has caught up with Ecobank Nigeria, which has sacked over 1,040 of its employees.
Budget Deficit: Nigeria Plans London Talks Ahead Of Raising Bonds
Nigerian officials are meeting bond investors in London next week, according to a person familiar with the matter, as the government considers tapping international debt markets for the first time in three years to help finance its record budget deficit.
Automotive Council Targets 40% Local Content
The National Automotive Design and Development Council (NADDC) says it is targeting 40 per cent local content development in the automotive sector within the next five years.
PENCOM Boss Tasks PFAs On Product Diversification
Director-General, National Pension Commission,(PenCom) Mrs. Chinelo Anohu-Amazu has charged Pension Fund operators be creative in developing products that they invested in the country.
Naira Now N507 to £1 As Dollar Remains Stable At N350
The naira weakened further against pound sterling as it exchanged at N507 to the pound from N500 it traded on Friday, while the dollar traded at N350, maintaining its value since Friday.
Nigeria Loses $565.8m In Unpaid OPLs, OMLs Fees
NIGERIA loses $565.8 million due to the inability of the Department of Petroleum Resources ,DPR, to hold oil companies to their commitments in agreements, culminating in the award of OPLs, and OMLs.
Buhari To Inaugurate $1.04b Abuja –Kaduna Rail Project Next Month
President Muhammadu Buhari will inaugurate the Abuja-Kaduna rail line valued at $1.04 billion in the first week of July, Transportation Minister Rotimi Amaechi has said.
'Nigerians Spend N25b Daily On Food Import'
Nigerians spend about N25 billion daily on foods import, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has said
Stock Prices, Market Indices In Free Fall
IT was another day of long knives at the Nigerian Stock Exchange (NSE) as bearish sentiments tossed share prices on a free fall just as the market indicators equally took a plunge.
FG To Establish National Shipping Line —AMAECHI
MINISTER of Transportation, Chibuike Amaechi, has said the Federal Government is searching for ways to encourage the establishment of a National Shipping Line to ensure potential in the maritime industry.
Banks' Stocks Tumbles To Nearly 4-year Low
Nigerian banking stocks headed for the biggest drop in three and a half years as investors showed their displeasure at the lack of clarity from policymakers.
Nigeria Risks Housing Crisis In Four Years – Buhari
President Muhammadu Buhari has declared that the country might face a housing crisis in the next four years as government earmarks N40bn for affordable homes in the 2016 budget.
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