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  • Budget: House Committees to submit reports latest Friday

    The standing committees of the House of Representatives have been directed to submit their reports from the budget defence of the ministries, departments and agencies (MDAs) over which they had oversight to the committee on appropriation latest...

    • Posted February 26, 2016
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  • FBN shares fall to 13-year low on earnings warning

    Shares of FBN Holdings Plc fell to  its lowest level in almost 13 years on Wednesday after  Nigeria’s largest lender by assets warned that  earnings for the full year  ended December 31, 2015,  would  be lower than...

    • Posted February 26, 2016
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  • Maintenance work on LNG train to last till April

    The Nigeria LNG Limited says it is carrying out scheduled maintenance work on one of its six Liquefied Natural Gas trains. The maintenance of the train would last till the first week of April, the company said...

    • Posted February 25, 2016
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  • FG set to revoke 1,500 mining licences

    The Federal Government is set to revoke at least 1,500 mining licences and leases on account of dormancy, The PUNCH has learnt. This indication emerged on Tuesday just as the Ministry of Solid Minerals Development said it...

    • Posted February 25, 2016
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  • We will pay states for verified road projects – Fashola

    The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday said President Muhammadu Buhari had established an inter-ministerial committee to verify claims by state governments of money spent on federal roads. He stated that the...

    • Posted February 25, 2016
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  • NSE extends Onyema’s tenure as CEO for another five years

    The National Council of the Nigerian Stock Exchange (NSE) has renewed the  employment contract of  Mr. Oscar  Onyema  as the chief executive officer for the exchange  for another  term of five years effective immediately. Onyema has been...

    • Posted February 25, 2016
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  • CBN moves to strengthen DFIs, launches final operating guidelines

    The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday reiterated the bank’s commitment towards making the Development Finance Institutions (DFIs) in the country more pro-active and better equipped to support the present...

    • Posted February 25, 2016
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  • Discos insist on electricity tariff increase

    Power distribution companies met briefly with the Nigerian Electricity Regulatory Commission on Monday and insisted that the increase in electricity tariffs across the country would be implemented regardless of a resolution by the Senate mandating them to...

    • Posted February 24, 2016
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  • 48% of banks’ PoS machines dormant — NIBSS

    Forty-eight per cent of Point of Sale machines, acquired by the Deposit Money Banks and given to merchants and business outfits operating in the country in order to enhance the cashless policy, have become dormant, the Nigeria...

    • Posted February 24, 2016
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  • Shell declares force majeure on Forcados oil lifting

    Exactly a week after discovering a crude oil spill on water around Forcados Terminal, the Shell Petroleum Development Company of Nigeria Limited has declared force majeure on the lifting of oil from the terminal. The company, in...

    • Posted February 24, 2016
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  • UBA bags ISO Certification

    The United Bank for Africa (UBA) Plc said it been awarded the ISO/IEC 20000-1: 2011certification from the British Standards Institution (BSI). The certification, which was awarded to UBA after a process and systems audit, recognises businesses that...

    • Posted February 24, 2016
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  • Nigerians urged to see opportunities in crude oil slump

    Nigerians have been advised to see the current economic challenges facing the country as a result of the drop in the price of crude as an opportunity to look inwards. Chief executive officer of Nextnomics, Dr. Temitope...

    • Posted February 24, 2016
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  • Oteh tasks FG on oil sector reform

    The Vice President and Treasurer of the World Bank, Ms. Arunma Oteh has called on the federal government to reposition the Nigeria oil and gas industry, stating that the sector has the potential to provide for the...

    • Posted February 24, 2016
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  • Finance Ministry supports States doing business with IDB – Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun, has stated that the role of her ministry was to support the various states in the country wanting  to do business with the Islamic Development Bank (IDB). Her explanation followed...

    • Posted February 24, 2016
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