BUSINESS

Nigeria continues to enjoy exemption from OPEC oil cut

The Organisation of Petroleum Exporting Countries (OPEC), has agreed to allow Nigeria supply crude oil to the global market, in continuation of the exemption from the oil production cuts agreed on by members and non-members. The decision was made at ...

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Nigeria now generates 7001 megawatts – Fashola

Babatunde Raji Fashola, minster of power, work and housing has said that Nigeria’s power generation as at September 2017 has increased up to 7001 megawatts with transmission up to 6,700 megawatts and distribution rising to 4,600 megawatts. Fashola disclosed this ...

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We are proceeding with airport concession because we don’t have money

The Minister of state for aviation, Hadi Sirika, says the federal government will proceed with concession of airports in the country, because there is no money to improve on them. The minister made this statement while addressing state house correspondents ...

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Oil price rises toward $57 dollars

Oil price rose on Wednesday in spite of a rise in U.S. crude inventories with the market heading for its largest 3rd quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending ...

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Kogi to flood market with confluence rice, fish

Kogi state is ready to flood the markets with rice and fish by December following the mass production of the products by the state-owned Omi Agricultural Development Centre. The centre situated in Yagba-West Local Government would be out with “Confluence’’ ...

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PENGASSAN urges FG to settle debts owed marketers

PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Sunday called on the Federal Government to settle all debts owed oil marketers to engender growth of the oil and gas industry and develop the nation’s economy. The ...

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Nigeria’s inflation rate drops to 16.01, progress recorded for seventh consecutive months

The National Bureau of Statistics, NBS, on Friday said Nigeria’s inflation rate dropped from 16.05 per cent in July to 16.01 per cent in August. The NBS made this known in its Consumer Price Index, CPI, report which measures inflation. ...

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FG, states’ public debt stock climbs to N19.6trn – Report

Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, a document by the Debt Management Office (DMO) says. The document was obtained from the DMO website on Monday in ...

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FG approves concession of Lagos, Abuja airports

The federal executive council has agreed to concession the Murtala Muhammed Airport, Lagos and the Nnamdi Azikiwe Airport, Abuja. Yemi Osinbajo, vice president of Nigeria made this known on Monday while speaking at the fifth edition of the presidential quarterly ...

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Farmers to get 4 million bags of fertilizers before end of 2017 – Presidency

The Presidential Fertilizer Initiative, PFI, will deliver 4 million bags of 50kg Nitrogen, Phosphorous and Potassium (NPK) fertilizer to farmers, at an affordable price, before the end of the year. The Senior Special Assistant to the President on Media and ...

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