October 20, 2019
  • October 20, 2019
Breaking News

Safety, job creation: Schneider Electric, Partners Target 300 Electricians

by on August 29, 2019 0

Nigeria’s energy management giant, Schneider Electric in partnership with Agence Francaise de Development (AFD) and the National Power Training Institute (NAPTIN) will begin the second round of training for Nigerian electricians across the country come September 3.  Already, Schneider Electric has trained 1,000 beneficiaries in the last five years and has asked those who...

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Naira closes at N359.3 to dollar at parallel market

by on August 8, 2019 0

Lagos, August 8, 2019: The Naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N450 and N396, respectively. At the Bureau De Change (BDC) segment, the naira traded at N359.3 to the dollar, while the Pound Sterling and the...

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July bond auction gets 207% subscription level – DMO

by on July 24, 2019 0

Abuja, July 24, 2019: The Debt Management Office (DMO) says the N145 billion offered for three instruments in the July bond auction received a total value of N301.02 billion, indicating a subscription level of 207.6 per cent. In a statement the DMO issued in Abuja, it said the auction which took place on Wednesday...

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NGE expresses confidence in Kyari’s ability to lead NNPC

by on July 24, 2019 0

Abuja, July 24, 2019: The Nigerian Guild of Editors (NGE) has  expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, to steer the corporation to enviable heights. The corporation in a statement signed by its Spokesman, Mr Ndu Ughamadu, disclosed that NGE said...

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CBN Committee Votes to Keep Benchmark Rates at 13.5%

by on July 23, 2019 0

The central bank of Nigeria unanimously voted to retain benchmark rates at 13.5% amid inflationary pressures. The bank based its decision on downward trend of Nigeria’s inflation and decided to watch it to go down further, CBN governor Godwin Emefiele told reporters in Abuja, the nation’s capital, on Tuesday. Share on: WhatsApp

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Expert tasks Kyari on cost-reflective tariff on domestic gas

by on July 13, 2019 0

Lagos, July 13, 2019: An Oil and Gas Expert, Mr Chikezie Nwosu, has advised the new Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, to find a business model that guarantees end users’ payment for domestic gas used. Nwosu, former Chairman, Society of Petroleum Engineers (SPE), Nigeria Council, gave the...

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Atiku condemns Buhari’s irresponsible borrowings, as debt rises by N560bn in 3 months

by on July 11, 2019 0

Domestic debt grew by N458.36 billion, while external debt also increased by N101.64 billion in three months. Former Vice President Atiku Abubakar has slammed the President Muhammadu Buhari-led administration for irresponsible borrowing which he said can cripple the nation. The Debt Management Office (DMO) disclosed on Wednesday, July 10, 2019 that Nigeria’s public debt...

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President Buhari Bids Farewell To Baru, Meets NNPC New GMD, Kyari

by on July 10, 2019 0

Abuja, July 10, 2019: President Muhammadu Buhari on Tuesday met behind closed doors with the immediate past Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, at the State House, Abuja. NAN reports that Baru used the opportunity of the meeting to officially present the new GMD of the...

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