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  • Benin, Togo beg Nigeria for more electricity

    The governments of Benin and Togo on Monday called for an increase in the amount of electricity, which their countries receive from Nigeria. They specifically requested the Nigerian electricity supply industry to increase the amount of power...

    • Posted September 30, 2015
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  • Buhari vows to address double taxation avoidance agreement

    President Muhammadu Buhari has vowed to make efforts to quickly resolve the issue of double taxation avoidance agreement with South Korea. South Korea and Nigeria signed a double taxation avoidance agreement in 2006 to help boost two-way...

    • Posted September 30, 2015
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  • NNPC saved over $150m monthly from cancellation of contracts – Kachikwu

    Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe Kachikwu spoke to journalists recently in Lagos on his determination to focus on three elements – people, processes and performance – to reposition the corporation...

    • Posted September 30, 2015
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  • SEC directs registrars to use e-dividend portal

    The Securities and Exchange Commission has directed all registrars to commence the use of the e-Dividend Mandate Management System Portal, which it launched in July this year. In a circular to the registrars, the commission said the...

    • Posted September 30, 2015
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  • Government approved 35 firms to assemble cars – NAC

    The Director-General of the National Automotive Council, Mr. Aminu Jalal has said that 35 companies have been licensed by the Federal Ministry of Finance to assemble automobiles in Nigeria. Jalal, who was represented by the Director, Policy...

    • Posted September 30, 2015
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  • FG to increase Excess Crude Account to $3.95bn

    The Federal Government, in a bid to attain robust external reserves, is planning to increase the amount in the Excess Crude Account from the current balance of $2.25bn to $3.95bn next year. It is also targeting fresh...

    • Posted September 30, 2015
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  • Arbitrary charges: Telecom firms withhold N979bn investment

    Global System for Mobile operators in the country on Thursday said that the huge financial burden imposed on them by state governments was a major hindrance to further investment in network expansion. The GSM operators said that...

    • Posted September 30, 2015
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  • Upstream industry seeks 30% cost reductions

    In a new report focusing on an analysis of the impact of cost deflation on the global upstream oil and gas sector, Wood Mackenzie has stated that the upstream operators are seeking an average cost reduction of...

    • Posted September 30, 2015
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  • 32 million customers yet to get BVN

    Less than five weeks to the October 31, 2015 deadline set by the Central Bank of Nigeria for bank customers to register and obtain bank verification numbers, about 32 million of them have yet to do so....

    • Posted September 29, 2015
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  • Economy already in recession – TUC tells CBN Governor

    The Trade Union Congress has faulted the position of the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on the state of the nation’s economy. Emefiele had warned that the economy was at risk of...

    • Posted September 29, 2015
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  • NSE committed to sustainable, inclusive economy – Onyema

    The Nigerian Stock Exchange has reiterated its commitment to providing a platform for sustainable growth and development in the African economy. The NSE’s Chief Executive Officer, Mr. Oscar Onyema, said this after the Exchange received the ‘Best...

    • Posted September 29, 2015
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  • Zero budgeting policy may render some MDAs redundant in 2016

    There are indications that the new zero-budgeting policy of the present administration may render several ministries, departments and agencies of government (MDAs) idle in 2016 as they could be denied of capital votes for project implementation. It...

    • Posted September 28, 2015
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  • Honeywell holds AGM, posts N1.4bn profit

    Honeywell Flour Mills Plc, a market leader in the Nigerian food industry, is set to hold its 6th Annual General Meeting (AGM) on  September 29 for the financial year ended March 31, 2015. Speaking ahead of the...

    • Posted September 28, 2015
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  • Small firms may secure loans with vehicles, bikes

    Some movable assets, including motor vehicles and bikes, may soon be approved as eligible loan collateral for Micro, Small and Medium Enterprises in Nigeria, investigation has shown. This comes with the establishment of a national collateral registry...

    • Posted September 28, 2015
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