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Elumelu, Dangote call for more local participation in the oil and gas industry

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Posted by admin 33 days ago (http://businessnews.com.ng)
Two of Nigeria’s biggest entrepreneurs, the President, Dangote Group, Alhaji Aliko Dangote, and the Chairman, Heirs Holdings, Mr. Tony O. Elumelu, have lent their voices to the call for more indigenous participation in the Nigerian oil and gas industry. The duo, who were guest speakers at the 32nd annual international conference of the National Association […]Elumelu, Dangote call for more

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FG, banks push for creative management of the economy

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Posted by admin 33 days ago (http://businessnews.com.ng)
In the face of falling oil prices, the federal government and banks in the country have agreed to adopt resourceful measures in the management of the country’s economy. Both parties on Thursday agreed to sensibly work together in managing key economic issues that include lending money to states and local governments as well as indebtedness […]FG, banks push for creative management of the ec

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NSE index gains 1.6% as top stocks rise

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Posted by admin 33 days ago (http://businessnews.com.ng)
The equities segment of the Nigerian Stock Exchange closed on a positive note for the third session this week with the NSE All Share Index rising by 1.6 per cent or 547.99 basis points to close at 34,515.47 basis points. The ASI had risen by 296.73 basis points or 0.9 per cent from 33,670.75 basis […]NSE index gains 1.6% as top stocks rise

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Oil price remains bearish, reaches USD 75 pb - OPEC

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Posted by admin 33 days ago (http://www.menafn.com)
(MENAFN - Kuwait News Agency (KUNA)) The price of OPEC basket of 12 crudes stood at USD 75.15 a barrel on Thursday, compared with USD 76.96 pb the previous day, the cartel said on...

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FG spends N1.47tn on 183 road projects

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Posted by admin 33 days ago (http://businessnews.com.ng)
The Federal Government on Thursday said that 183 highway projects were currently being constructed across the six geopolitical zones of the country at a cost of N1.47tn. It said some of the projects were being funded by the Subsidy Reinvestment and Empowerment Programme. The outgoing Permanent Secretary, Federal Ministry of Works, Dr. Abubakar Mohammed, disclosed […]FG spends N1.47tn on 183

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FG to pay oil marketers N100bn debt

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Posted by admin 33 days ago (http://businessnews.com.ng)
To avert possible fuel scarcity that often characterises end of year festivities, the Federal Government has announced that it will pay the outstanding debts owed petroleum product marketers by the end of this month. The marketers have been complaining that they are grappling with heavy debts due to the refusal of the Federal Ministry of […]FG to pay oil marketers N100bn debt

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Naira faces devaluation as oil prices slide further

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Posted by admin 33 days ago (http://businessnews.com.ng)
The sustained fall in crude oil prices may lead to the devaluation of the country’s currency, the naira, which will spark inflation and its attendant reduction in the purchasing power of Nigerians, analysts have said. International benchmark Brent crude, against which Nigeria’s oil is priced, on Thursday plunged further and hovered around $79 and $80 […]Naira faces devaluation as oil prices

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Naira faces devaluation as oil prices slide further

1
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Posted by admin 33 days ago (http://businessnews.com.ng)
The sustained fall in crude oil prices may lead to the devaluation of the country’s currency, the naira, which will spark inflation and its attendant reduction in the purchasing power of Nigerians, analysts have said. International benchmark Brent crude, against which Nigeria’s oil is priced, on Thursday plunged further and hovered around $79 and $80 […]Naira faces devaluation as oil prices

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