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  • Nigerian pilots back FG on proposed national carrier

    The National Association of Aircraft Pilots and Engineers (NAAPE) has thrown its weight behind government plan to establish a national carrier, saying when realised, it would lead to rapid growth of the industry, create jobs and boost...

    • Posted August 15, 2015
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  • FAAN to enforce parking rule for tanker drivers

    The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Saleh Dunoma has reiterated the resolution of the Authority to ensure that all tanker drivers strictly adhere to the rules of engagement on parking and operating...

    • Posted August 15, 2015
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  • DMO sells N80bn debt at mixed yields

    The Debt Management office sold a total of N80.20bn ($403m) in bonds maturing in February 2020 and August 2034 at an auction on Wednesday with mixed yields, the DMO said on Thursday. Total bids stood at N153.48bn,...

    • Posted August 15, 2015
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  • Emirates airline to begin world’s longest non-stop flight

    Emirates Airline is set to operate the world’s longest non-stop commercial flight starting 2016 between Dubai and Panama City. The Chief Executive Officer of the airline, Ahmed-bin-Saeed al-Maktoum, said on Friday in Dubai that the flight would...

    • Posted August 15, 2015
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  • Shareholders approve CCNN’s N439m dividend

    Shareholders of the Cement Company of Northern Nigeria Plc on Thursday approved the payment of a total dividend of N439.8m for the 2014 financial year. The amount, which was approved at the company’s 36th Annual General Meeting...

    • Posted August 15, 2015
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  • Union Bank partners SMEDAN

    Union Bank of Nigeria Plc has restated its continued support for the growth of small and medium scale enterprises (SMEs) in Nigeria, describing them as the drivers of national development and economic growth. To this end, Union...

    • Posted August 14, 2015
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  • Pre-registered SIM cards: MTN vows sanction against non-compliant trade partners

    Following the recent directive by the Nigerian Communications Commission (NCC) to telecoms operators to deactivate all pre-registered SIM cards on their networks or face sanctions, MTN, who wants to maintain its integrity as market leader, has in...

    • Posted August 14, 2015
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  • Inflation rate remains 9.2%

    The National Bureau of Statistics on Wednesday released the Consumer Price Index for July 2015, stating that the nation’s inflation rate had remained unchanged at 9.2 per cent. The actual CPI released by the bureau came against...

    • Posted August 14, 2015
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  • Egbin Power boosts electricity generation by 1,100MW

    The Chief Executive Officer of Egbin Power Plc, Mr. Dallas Peavey, has stated that the plant has hit a generation capacity of 1,100 megawatts, thus accounting for almost one-third of the current improvement in power supply across...

    • Posted August 14, 2015
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  • Naira firms on parallel market as CBN sells dollars

    The Central Bank of Nigeria (CBN) sold $80 million to bureaux de change (BDC) operators on Wednesday at N197 to a dollar. This helped to strengthen the nation’s currency on the parallel market, the president of the...

    • Posted August 14, 2015
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  • CBN implementing ‘panicky’ policies — ECCIMA

    The Director-General, Enugu Chamber of Commerce, Industries, Mines and Agriculture, Mr. Emeka Okereke, has said policies introduced by the Central Bank of Nigeria to stop the slide in the value of the naira are “panicky” measures that...

    • Posted August 14, 2015
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  • Gas producers seek better pricing, improved regulation

    Amid growing demand for natural gas in the country, especially for power generation, gas producers have said that the current gas pricing in the country remains a significant drawback to investment. The gas producers including Shell, Frontier...

    • Posted August 14, 2015
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  • Oil sector accounts for 80% Nigeria’s corruption — IPMAN

    Nigeria’s oil and gas sector accounts for about 80 per cent of the total corruption-related issues across the country, the Independent Petroleum Marketers Association of Nigeria has said. According to IPMAN, although some cases of corruption may...

    • Posted August 14, 2015
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  • Telcos lament 50% revenue loss to WhatsApp, Skype

    The increasing takeover of calling and Short Message Service by over-the-top players, or apps, such as WhatsApp and Skype, is eating deep into voice revenue of telecommunications companies in Nigeria by as much as 50 per cent,...

    • Posted August 14, 2015
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