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Oil Price Slump: Nigerian Companies’ll Survive — Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday, allayed fears that the volatility in the price of crude oil in the international market would plunge oil and gas companies and financial institutions in the country into bankruptcy. According to him, Nigerian companies are resilient and will survive the ...

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Revenue From Non-Oil Exports Down By 58% To $4.3bn — CBN

The Central Bank of Nigeria (CBN) has said that the revenue from non-oil exports fell sharply by 58 percent to $4.39 billion in 2015. Meanwhile, Zenith Bank has expressed its readiness to enhance revenue from non oil exports by assisting its clients with financing support needed export. CBN Governor, Mr ...

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LEADERSHIP CHANGE AT NIMASA: Controversy Trails Fate of Jauro …As Dakuku Assumes office as new DG

The assumption of office by Dr. Peterside Adolphus  Dakuku as the new Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Tuesday, has sparked off controversy as to the fate of the erstwhile acting DG of the agency, Alhaji Haruna Baba Jauro, who was last week relieved of his ...

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Inflation jumps to three-year high at 11.4%

The Nigerian headline inflation jumped to 11.4 percent in February 2016 from 9.6 percent in January, inching closer to 11.98 recorded in December 2012, the Nigerian Bureau of Statistics (NBS) has confirmed. According to the NBS report released on Tuesday, inflation rate has risen consistently since October 2015 till date, ...

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Smile Communications Unveils Voice over LTE Technology Innovation

Smile Communications Nigeria Limited, Monday, became the first operator in West Africa to offer its customers Voice over LTE services. The launch according to Smile Communications is intended to change the face of Voice over LTE technology in the Nigeria market, following the widespread of voice technology innovation in the world. Having ...

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CBN To Sell N1trn Treasury Bills In Q-2 2016

The Central Bank of Nigeria (CBN) yesterday said it will sell treasury bills of N1.73 trillion in the second quarter of the year. The apex bank stated this in its Nigeria Treasury Bills Issue programme released on Thursday. Treasury bills (TBs) are short term (less than one year) debt instruments ...

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NIMASA DG: Stakeholders Expressed Mixed Feelings over Dakuku’s Appointment

Stakeholders in the maritime industry have expressed divergent views over Government’s appointment yesterday, of Dr. Peterside Dakuku as the substantive Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA). In the press statement made available to newsmen yesterday, the Federal Ministry of Transportation appointed Peterside as the substantive DG ...

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Again, Pirates Strike, Kidnaps Four Tanker Crew off Nigeria Waters

Dare devil pirates have yet again struck at the high seas off Nigeria waters and kidnapped four crew members of a chemical tanker. The incident occurred on March 5 when a group of armed pirates hijacked the tanker underway some 32nm South West of Bonny Island, Nigeria. The disclosure which ...

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CBN Suspends Staff Over Fraudulent Transaction

The Central Bank of Nigeria (CBN) yesterday said it has suspended some key personal involved in a fraudulent transaction uncovered by the management. This was contained in a press release signed by the Acting Director, Corporate Communications Department, Mr. Isaac Okoroafor. The press release titled, “CBN uncovers and aborted fraud” ...

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How to Transform Nigeria for Economic Growth in Three Years – By LADOL Boss

Nigeria’s vast oil and gas sector has the potentials to transform the country economically within three years, by tapping into the opportunities offered in the industry to train the youth for gainful employment. This was the submission of the managing director of the Lagos Deep Offshore Logistics base (LADOL), Dr. ...

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