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Petroleum Bill Gets 165 Amendments |
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The Group Managing Director of the Nigerian National Petroleum
Corporation, (NNPC), Shehu Ladan, said he is prepared to welcome more
views on the Petroleum Industry Bill whose draft has already
accommodated about 165 amendments.
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Nigerian Cocoa Exports Rise 8.3% In Jan -Agency |
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Nigeria's cocoa exports rose 8.3 percent
to 32,591 tonnes in
January from the same month of the previous season, official data showed
on
Friday, as growers and buyers enjoyed robust local and international
market
prices.
The increase in exports from the world's
number 4 cocoa
grower in January was consistent with the trend since the start of the
2009/10
season in October.
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FG To Revisit Import Duty Waivers To Boost Manufacturing |
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The
Minister of Science and Technology, Dr. Alhassan Zaku, has said that the
Federal Government will revisit waivers on certain goods to encourage local
manufacturers.
The minister, who made the
promise after a visit to Omatek Computers Plc. in Lagos, said the import
waivers on certain goods were removed because of abuse by some importers.
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Inflation Rate Rises To 11% |
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Inflation
rate in Nigeria was 11.6 per cent by October ending, the National Bureau of
Statistics, NBS, has revealed.
The bureau, in a statement at
the weekend, said the figure is higher than the 10.4 per cent recorded in
September.
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Brazilian Oil Firm, Petrobras To Invest $2b In Nigeria |
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Brazil’s state-run oil firm, Petrobras, has
earmarked more than $2 billion for investment in Nigerian oil exploration and
production over the next five years.
Petrobras, which first invested in Nigeria about a decade ago, has
already spent around $2.5 billion in the oil and gas industry.
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CIBN Moves To Professionalise MFBs Operations |
Concerned with the need to salvage scores of the Microfinance institutions
from the operational abyss many of them had plunged into in recent months,
the Chartered Institute of Bankers of Nigeria (CIBN) has set new machinery
in motion that would ensure that only certified professionals manage the micro
finance banks in the years ahead.
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