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  • We’ve committed $2.2m to Second Niger Bridge – NSIA

    The Nigerian Sovereign Investment Authority has put its total commitment to the construction of the Second Niger Bridge at $2.21m (N435.4m). The project is structured as a Public Private Partnership and will be constructed and operated on...

    • Posted August 29, 2015
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  • Shell declares force majeure on Bonny Light exports

    Barely a week after it resumed gas supplies to the Nigeria LNG Limited from the Eastern Gas Gathering System, Shell Petroleum Development Company has declared force majeure on Bonny Light crude oil exports. Bonny Light is one...

    • Posted August 29, 2015
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  • Senate probes Customs, FIRS over N567bn scam

    The Senate on Thursday commenced investigation into the alleged unauthorised spending of N567bn being the cost of tax collected by the Nigerian Customs Service and the Federal Inland Revenue Service from January 2005 to July 2015. A...

    • Posted August 29, 2015
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  • Fitch: Nigerian banks heading into storms

    Fitch Rating has warned that Nigerian banks are heading into financial and operational storms in view of what it called the increasingly difficult conditions under which they are operating. It made it clear that the difficult times...

    • Posted August 29, 2015
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  • NNPC reduces list of potential oil lifters from 43 to 16

    In a novel move to instill transparency and probity in the award of the annual crude oil term contracts, the Nigerian National Petroleum Corporation (NNPC) on Thursday mapped out measures to execute the 2015/2016 award of contracts...

    • Posted August 29, 2015
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  • CBN, IFC seek improved credit system

    The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have said that the current difficulties being faced by the country’s micro, small and medium enterprises (MSMEs) in...

    • Posted August 29, 2015
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  • NCS boss tasks officers on revenue generation

    The Customs High Command has issued a marching order to men and officers of the service to increase their revenue generation or get the butts. The order was issued amidst the fears that the Nigeria Customs Service...

    • Posted August 29, 2015
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  • Equities value falls by N571bn in three days

    The market capitalisation of the listed equities on the Nigerian Stock Exchange fell by N571bn or 5.57 per cent between Monday and Wednesday as investors, spooked by uncertainty about economic policies and the global sell-off in equities...

    • Posted August 28, 2015
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  • NNPC cancels crude oil delivery contracts to refineries

    The Nigerian National Petroleum Corporation on Thursday announced the cancellation of the terms of contract for the delivery of crude oil to the refineries in Warri, Port Harcourt and Kaduna. The corporation also announced the termination of...

    • Posted August 28, 2015
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  • CBN fixes time limit for resolution of customers’ complaints

    The list of groundbreaking feats of the new Nigeria Football Federation (NFF) administration climbed yesterday as the federation President, Amaju Pinnick, glowed at the 55th Annual General Conference of the Nigeria Bar Association in Abuja. Presenting a...

    • Posted August 28, 2015
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  • UBA board meets to consider audited results, interim dividend

    Shareholders of United Bank for Africa (UBA) Plc are to receive an interim dividend if the plan of the Board of the bank is approved. THISDAY gathered that following the successful audit of its 2015 half year...

    • Posted August 28, 2015
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  • NCC seeks subscribers’ understanding on SIM deactivation

    The Nigerian Communications Commission (NCC) has called for more understanding among telecoms subscribers over the challenges they are currently passing through, as a result of its directive to telecoms operators to deactivate every improperly registered and unregistered...

    • Posted August 28, 2015
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  • Bailout: Release funds to states – CBN orders banks

    The Central Bank of Nigeria said on Wednesday that it had given approval to the request by the Deposit Money Banks to provide funds for state governments to enable them to pay the backlog of salaries of...

    • Posted August 28, 2015
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  • BEDC to supply 100,000 prepaid meters per annum

    The Benin Electricity Distribution Company says it has the target of supplying 100,000 prepaid meters to its numerous customers in Edo, Delta, Ondo and Ekiti states every year. The Chief Executive Officer of the company Mrs. Funke...

    • Posted August 28, 2015
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