Tag Archives: Niger Delta

The Naira on Friday suffered marginal loss against the US Dollar at the parallel market in spite of CBN’s intervention at the foreign exchange market, vanguardngr.com has reported. The Nigerian local currency lost one point to exchange at N366, weaker than N365 traded on Thursday, while the pound sterling and the Euro closed at N468 and N412, respectively. At the …

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As the Senate last week passed the Petroleum Industry Governance Bill (PIGB), stakeholders in Nigeria’s oil and gas sector have criticised the non-passage of the Host Community Bill. They emphasised the need for the Federal Government to urgently pass the bill that addresses host community issues to allow for peace and security in the Niger Delta, even as the Bill …

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The Federal Government, in a bid to boost oil revenue, is considering a new approach to resolving and sustaining peace in the troubled Niger Delta region. The approach, which will be tailored to address the specific needs of each state in the region, will complement ongoing efforts at the national level by ensuring that state governors, elders, youths and stakeholders …

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  Oando posts N212 bn top line revenue FRIDAY EKEOBA Oando Plc has announced unaudited results for the six months period ended 30 June, 2016. The company’s turnover increased by 18 percent to N212 billion, compared to N180 billion in H1 2015, while Gross Profit decreased by 49 per cent, N19 billion compared to N37.1 billion in H1 2015. Along …

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The Federal Government said, yesterday, that procurement procedure and low revenue were responsible for the delay in capital releases to service the 2016 Budget. The Minister of Budget and Planning, Senator   Udoma Udoma, disclosed this, in Abuja, while briefing the Sen. Danjuma Goje-led   Senate Committee on Appropriations, on the  2016 budget implementation. He lamented the level of performance …

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  This Week in Nigeria TWIN Monday 14th – Saturday 19th March 2016 Sunday 13th Nigerians condemn masterminds of Agatu massacre in Benue State, calling the Federal Government to bring culprits to book to forestall future occurrence. Monday 14th President Muhammadu Buhari left Nigeria for Equatorial Guinea on an official visit to discuss the protection of the Niger Delta and …

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President Muhammadu Buhari is expected in Equatorial Guinea today to discuss with President of the country, Teodoro Obiang Nguema Mbasogo on measures to protect the resources, property and people of the Niger Delta and the Gulf of Guinea. The two countries would also on the visit talk on conclusion of talks on sign an agreement on the establishment of the …

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