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NNPC subsidiary declares N15.8 billion profit after tax in 2016

The Nigerian National Petroleum Corporation, NNPC, says Nigerian Gas Processing and Transportation Company Ltd., NGPTC, one of its subsidiary companies, has declared a profit after tax of N15.81 billion in 2016. The NNPC disclosed this in Abuja on Sunday in a statement by the corporation’s Group General Manager, Group Public …

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Qatar orders aid to private sector as sanctions hurt economy

Qatar’s government announced measures to help private sector businesses on Saturday after its economy was hurt by sanctions imposed by other Arab states. Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani decided to cut rents paid by companies in Qatar’s logistics zones in half during 2018 and 2019, official …

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Crypto-currencies’ strength becomes their weakness

Crypto-currencies’ strength becomes their weakness

NEW YORK (Reuters Breakingviews) – (Reuters Breakingviews) – One of the chief strengths of crypto-currencies is becoming their weakness. Freedom from regulation was the big draw of bitcoin, ether and their proliferating kind. But the exchanges set up to trade them often lack basic controls over identity, fraud, technology and …

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Real estate market forecast to grow 10% here in 2018

Real estate market forecast to grow 10% here in 2018

The Chicago-area housing market should gain some strength in 2018, an economist told a suburban real estate association yesterday, but there’s a “but.” Lawrence Yun, chief economist for the National Association of Realtors, forecast a 10 percent increase in volume in 2018, based on growth in both the number of …

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Petrol, diesel prices decreased in August – NBS

The average price paid by consumers for petrol and diesel decreased by 2.5 and 0.07 per cent month on month respectively compared to the N148.2 and N197.62 recorded for the previous month. This was revealed in a National Bureau of Statistics, NBS report, released Friday. The average price of petrol …

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Nigerian Government grants Dangote Group 10-year tax incentive

The Nigerian government has granted a 10-year tax incentive to Dangote group for the construction and rehabilitation of roads, Minister of Power, Works and Housing, Babatunde Fashola, has said. Mr. Fashola made this known while speaking at the Businessday Road Construction Summit, held in Victoria Island, Lagos, on Friday. Mr. …

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Customs Generates N17bn Revenue In Kaduna Zone

The Assistant Comptroller-General, Nigeria Customs Service, Zone B, Kaduna, Aminu Dahiru, said on Saturday that the zone had generated N17 billion revenue from January to August. Mr. Dahiru told the News Agency of Nigeria (NAN) in Minna that the figure represents 73.4 percent of the revenue target for the zone …

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