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Nigerian industries import 90% of own raw materials, says RMRDC D-G

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Augustine Aminu with agency report

The Director-General of the Raw Materials Research and Development Council (RMRDC), Prof Peter Onwualu has said that 90 per cent of the raw materials used in the country were imported by manufacturers.


Gas flaring: Oil bearing communities demand N98bn compensation

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The Abia state chapter of the Oil and Gas Host Communities of Nigeria has demanded N98 billion from the Federal Government as part of the accumulated compensation for gas flaring.


Trade Fair: Kaduna State Govt cancels April environmental sanitation exercise

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The Kaduna State Government said on Friday that it had cancelled the April Environmental sanitation exercise due to the 33th Kaduna International Trade Fair that will be officially declared open on April 28.


Farouk Lawan subsidy report: NNPC, oil stakeholders kick, as Tambuwal shun intimidation

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By Abdulwahab Isa

A motion moved on the floor of the Senate last year by Senator Bukola Saraki, immediate past governor of Kwara state could be the road map bailing Nigeria of mis-management of her natural resources.


Skye Bank to boost return on equity to 15 % in 2012

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Skye Bank said yesterday it will boost return on equity (ROE) to around 15 percent by the year-end from 4.7 percent in 2011 and grow its loan book by 30 percent.

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