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Nigeria Business News

Nigeria’s refineries worked below 2% capacity in September

Nigeria’s public refineries only worked at a combined capacity utilisation of 1.96 per cent in September, an official document has…

How MTN ships billions abroad, paying less tax in Nigeria

MTN has consistently prided itself as the foremost telephone company that is getting Nigerians talking the most. Now the South…

Dunoma: FAAN will privatise more Airport services to improve revenue

The managing director and chief execuive officer of the Federal Airports Authority of Nigeria (FAAN), Engineer Saleh Dunoma, in this…

IMF presses Nigeria to devalue naira

The IMF is pressing Nigeria to further devalue its currency amid uncertainty over the political and economic outlook for Africa’s…

Emmanuel Emenike quits Super Eagles

Super Eagles striker, Emmanuel Emenike, has announced that he is retiring form the national team after five years. He wrote…

$10bn Telecom Investment: FG depends on Private Sector Inflow

The federal government is banking on the private sector to drive the expected $10 billion telecommunications investment that would ensure…

India protests as NNPC holds N5.2b oil block cash for 9 years

India protests as NNPC holds N5.2b oil block cash for 9 yearsThere is the N5.2billion ($25m) cash paid by an…

Inflation rises to 9.4% in September

Inflation rate, the average rate of change in prices of goods and commodities rose for the eight consecutive months in…

FG stops rice importation in 2017

THE Federal Government will no longer import rice from 2017 based on a new agricultural policy . This is even…

Fuel Scarcity: NNPC warns against panic buying

The Nigerian National Petroleum Corporation (NNPC) has called on members of the public to avoid panic buying of petroleum products,…

NNPC: Low Oil Price Cuts Dollar Payments into Federation Account in 5 Months

A monthly financial and operations report released at the weekend by the Nigerian National Petroleum Corporation (NNPC), detailing its activities…

Osinbajo to Nigerians: Prepare to pay more for electricity

Until there is stability in the power sector, electricity tariffs cannot remain at the levels they are currently. Vice President…
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