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  • World Bank offers FG N27.58bn for community projects

    The World Bank on Wednesday said it would soon start the disbursement of $140m (N27.58bn) under its assisted Community and Social Development Project to 26 states and the Federal Capital Territory. The bank, in a statement issued...

    • Posted August 28, 2015
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  • NCC to adopt ITU parameters to address dwindling telecoms service

    The Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, Tuesday said the commission would address the dwindling quality of service in the telecommunications sector using the internationally acceptable standards as set by the International Telecommunications...

    • Posted August 27, 2015
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  • NNPC sets new terms for crude swaps

    Following President Muhammadu Buhari’s approval to the Nigerian National Petroleum Corporation (NNPC) for the cancellation of the offshore process contracts and crude oil swaps, the state-run oil firm has started the process of setting out new terms...

    • Posted August 27, 2015
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  • Nigeria may miss $400bn global support fund

    The South-West Coordinator of the Department for International Development, Dr. Adesina Fagbenro, has warned that Nigeria may not benefit from the $400bn global fund support set aside by international financing agencies if the country fails to align...

    • Posted August 27, 2015
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  • Dangote Cement, Zenith Bank, FBN make NSE Premium Board

    As exclusively reported by THISDAY three weeks ago, the Nigerian Stock Exchange (NSE), yesterday in Lagos launched a new listing platform – the Premium Board and the associated Premium Board Index (PBI). The board will feature companies...

    • Posted August 27, 2015
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  • Agbaje foresees naira devaluation

    The Managing Director/Chief Executive Officer of Guaranty Trust Bank Plc (GTBank), Mr. Segun Agbaje has said that the Central Bank of Nigeria needs to devalue the naira, adding that the falling oil prices and the global markets...

    • Posted August 27, 2015
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  • Economic growth falls to 2.35%

    Nigeria’s real Gross Domestic Product plunged to 2.35 per cent in the second quarter of 2015, compared to 6.54 per cent in the same period last year, the National Bureau of Statistics said on Tuesday. The country’s...

    • Posted August 27, 2015
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  • New FIRS boss vows to raise tax revenue

    The Acting Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has formally assumed office pledging to use partnership with the relevant stakeholders to shore up the tax revenue and improve on the country’s tax administration. Fowler,...

    • Posted August 27, 2015
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  • FG agencies inflated contracts by N659bn – BPP

    the Bureau of Pubic Procurement on Tuesday said it had saved the country a total of N658.88bn from inflated contracts submitted by contractors of the Ministries, Departments and Agencies of the Federal Government. The bureau, in a...

    • Posted August 27, 2015
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  • Akwa Ibom owes banks N64.5bn – Commissioner

    The Akwa Ibom State government has admitted owing commercial banks N64.5bn. The Commissioner of Finance, Mr. Akan Okon, who disclosed this in Uyo, on Tuesday, spoke on the desirability of converting the state’s debt to Federal Government...

    • Posted August 27, 2015
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  • Nigeria rated high in financial inclusion strategy

    The Brookings’ 2015 Financial and Digital Inclusion Project (FDIP) report, which evaluates access to and usage of affordable financial services across 21 countries, has rated efforts by Nigeria to drive financial inclusion high. According to the report...

    • Posted August 27, 2015
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  • CBN, Court approve Heritage, Enterprise banks merger

    The Central Bank of Nigeria (CBN) has granted final approval for the merger of Heritage Bank and Enterprise Bank. Similarly, the Federal High Court has approved the scheme of merger and ordered the merger of both institutions....

    • Posted August 26, 2015
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  • Shake-up in NNPC raises hope of oil reform – NEITI

    The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that the ongoing organisational restructuring at the Nigerian National Petroleum Corporation (NNPC) has given it the confidence that the government would initiate far-reaching reform in the Nigeria’s oil...

    • Posted August 26, 2015
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  • Marketers shun PPPRA, sell kerosene above market price

    Major and independent marketers of petroleum products at the weekend experienced acute scarcity of Dual Purpose kerosene (DPK), thus encouraging high level of profiteering among the marketers, THISDAY has learnt. Investigation revealed that the few depot owners...

    • Posted August 26, 2015
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