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  • PHEDC unveils 10-year tariff increase plan

    The Port Harcourt Electricity Distribution Company on Thursday unveiled a plan for the gradual increase in electricity tariff for its customers over the next 10 years. The company’s Head Customers Service, Dr. Godwin Orovwiroro, said this in...

    • Posted July 25, 2015
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  • Japan’s Nikkei buys Financial Times in $1.3bn deal

    Japanese media group Nikkei agreed on Thursday to buy the Financial Times from Britain’s Pearson in a $1.3 billion deal that brings together two leading financial news operations from Europe and Asia. The deal marks the biggest...

    • Posted July 25, 2015
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  • House of the Week: An awesome 5-bedroom house for sale at Maryland, Lagos

    Located in the metropolitan city of Lagos, our house of the week is an awesome 5 bedroom detached house for sale at Maryland, Lagos. This beautiful edifice is tastefully finished and features 5 bedrooms, 5 bathrooms, 1...

    • Posted July 24, 2015
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  • Poor participation of African leaders in ICT Forums worries stakeholders

    Stakeholders in the Information and Communications Technology (ICT) sector have expressed concerns over what they described as weak participation of African leaders in international technology forums. According to them, while other developed countries are actively participating in...

    • Posted July 24, 2015
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  • Boom in ICT will reduce unemployment – Ekeh

    The increasing rate of unemployment in Nigeria has been attributed to the inability of past governments to use technology as a platform to create jobs for Nigerian youths. Chairman of Zinox Group, Mr. Leo Stan Ekeh, who...

    • Posted July 24, 2015
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  • Appoint Finance Minister now – Group urges Buhari

    The Centre for Social Justice on Wednesday urged President Muhammadu Buhari to appoint a Finance minister to manage the economy pending when he would constitute his full cabinet. The group, in a statement issued by its lead...

    • Posted July 24, 2015
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  • FBN Holdings records N52bn profit before tax in six months

    FBN Holdings Plc on Wednesday unveiled its financial results for the half year ended June 30, 2015, showing  profit before tax of N52.1 billion. A breakdown of the half year performance shows that FBN Holdings  grew net...

    • Posted July 24, 2015
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  • Naira tops agenda as MPC meets

    The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which commences its 245th meeting this Thursday is expected to take critical decisions that would determine the fate of the naira, which has been under...

    • Posted July 24, 2015
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  • Nigeria’s gas reserves to last 79 years – DPR

    Nigeria’s gas reserve life index stands at 79 years as of January 1, 2015, according to the latest data from the Department of Petroleum resources. Out of this figure, some volumes are said to stranded or not...

    • Posted July 24, 2015
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  • CBN sets aside N252bn for women-owned businesses

    About N252bn has been set aside by the Central Bank of Nigeria as credit to support businesses owned by women in the country. The CBN said the facility was dedicated to Small and Medium-scale Enterprises, noting that...

    • Posted July 24, 2015
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  • Stock market falls after two-day rise

    The Nigerian Stock Exchange All-Share Index closed lower on Wednesday, snapping a two-day gain on the back of losses by 32 stocks. The NSE ASI had on Tuesday begun the week on a positive note, extending the...

    • Posted July 24, 2015
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  • Nigeria spends N1tn on food imports annually – FG

    The country spends N1tn every year to import rice, sugar, wheat and fish, translating to over N10tn from 2005 till now, the Federal Government has said. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Mr....

    • Posted July 24, 2015
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  • Anambra supports E-PPAN, CBN on e-Government Summit

    Anambra State government has given its support for the e-government summit being organised by the E-Payment Providers Association of Nigeria (E-PPAN), in collaboration with the Central Bank of Nigeria (CBN) and the Financial Systems Strategy (FSS) 2020....

    • Posted July 24, 2015
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  • Unclaimed dividends to reduce as SEC, CBN collaborate on e-Dividend payment

    The Securities and Exchange Commission (SEC), the Central Bank of Nigeria (CBN) and other stakeholders in the financial system are collaborating to facilitate the electronic dividend (e-dividend) payment for shareholders. E-dividend, which is the direct payment of...

    • Posted July 23, 2015
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