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Daily Archives: June 6, 2019

W’Bank Cuts Nigeria’s GDP Growth Forecast to 2.1% for 2019

W’Bank Cuts Nigeria’s GDP Growth Forecast to 2.1% for 2019

The World Bank Group has predicted real Gross Domestic Product (GDP) growth rate of 2.1 per cent for Nigeria for 2019, slightly lower than the 2.2 per cent it had predicted for the country same year in a report early ...

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Nigeria’s e-payment deals lose over N5 trillion in Q1

Nigeria’s e-payment deals lose over N5 trillion in Q1

•Banks still exposed to oil, gas sector with N3.5tr The first quarter (Q1) transactions record of the electronic payment (e-payment) channels across the country, showed a shortfall of N5.13 trillion at N34.02 trillion, against N39.15 trillion recorded in Q4 of ...

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Delay in outcomes of inland basins drilling by NNPC worry stakeholders

NNPC seeks military support on assets’ protection, exploration

Over three months after the Nigerian National Petroleum Corporation (NNPC) started drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin in Bauchi, petroleum industry stakeholders have expressed divergent views over the delay in making commercial find. Although ...

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Osinbajo to commission LPG cylinder manufacturing plant

SON seizes N38 million substandard cooking gas cylinders

Vice-President Prof. Yemi Osinbajo is to commission a cooking gas manufacturing plant in Lagos on Friday the biggest of its type in West Africa. The Chief Executive Officer of Techno Oil Group, Mrs. Nkechi Obi, in a statement yesterday, said ...

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