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  • Airline operators seek financial bailout from Government

    Nigerian domestic carriers are requesting for financial bailout from the federal government due to losses they incurred during the recent fuel crisis and hostile operating environment, THISDAY investigation has revealed. A highly placed aviation industry source, hinted...

    • Posted June 20, 2015
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  • Banks record N23.3bn fraud in nine months

    Deposit Money Banks recorded a total of 8,502 fraud cases between January and September 2014, amounting to N23.34bn, the Managing Director/ Chief Executive Officer, Mr. Henry Semenitari, said on Thursday, quoting the latest FITC Report on Frauds...

    • Posted June 20, 2015
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  • Delayed cabinet: Stock market investors lose N238bn

    The delay by President Muhammadu Buhari in appointing ministers and other key officials as well as the lack of clear information about his government’s policy direction have been major deterrents to investment in the nation’s capital market....

    • Posted June 20, 2015
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  • CBN not worried about state of power firms

    The current state of the power generation and distribution companies privatised over one year ago is not making the Central Bank of Nigeria to lose sleep yet. The Director, Corporate Communications, CBN, Alhaji Muazu Ibrahim, told our...

    • Posted June 20, 2015
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  • Insurance industry earned N1.8tn premium in 11 years

    The Nigerian insurance industry earned N1.8tn premium from life and non-life policies underwritten in an 11-year period up to 2014, investigation has shown. Statistics obtained from the Nigerian Insurers Association indicated that the sector made N69.4bn, N76.3bn,...

    • Posted June 20, 2015
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  • FG urged to step up fight against counterfeiting

    The federal government has been urged to intensify its effort in the fight against the influx of counterfeit products in the country. This was even as investors within and outside Nigeria have expressed displeasure over the huge...

    • Posted June 20, 2015
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  • NSE moves 390.53m shares worth N4.86bn

    Investors on the Nigerian Stock Exchange (NSE) on Friday staked N4.86 billion on 390.53 million shares in 4,291 deals. The News Agency of Nigeria (NAN) reports that the volume of shares traded increased by 81 per cent...

    • Posted June 19, 2015
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  • House of the Week: Tastefully finished 5-bedroom house for rent at Jabi, Abuja

    Our house of the week is a 5 bedroom house for rent at Jabi, Abuja.  This well finished house has 5 bedrooms, 5 bathrooms, 2 large living rooms, 2 dining areas and a 2 room BQ. The...

    • Posted June 19, 2015
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  • Market capitalisation sheds N43bn

    The equities segment of the Nigerian Stock Exchange witnessed a weak bargain on Wednesday, closing on a negative note for the second straight day. The market capitalisation of the listed equities declined by N43bn or 0.3 per...

    • Posted June 19, 2015
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  • Lagos, 22 others collected N586.6bn IGR in 2014 – NBS

    The National Bureau of Statistics on Wednesday released a snapshot of the Internally Generated Revenue profile of 23 states of the federation for the year 2014, which generated N586.6bn in total in the fiscal period. The IGR,...

    • Posted June 19, 2015
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  • 500 towns covered by 3G wireless network — NCC

    Over 500 towns and cities in the country are now covered by third generation networks, the Nigerian Communications Commission has said. The Executive Vice Chairman, NCC, Dr. Eugene Juwah, said this on Wednesday at the Commonwealth Broadband...

    • Posted June 19, 2015
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  • BPE awarded PHCN legal contract without approval – BPP

    The controversy surrounding the approval of N929.6m legal contract towards the end of the administration of President Goodluck Jonathan for the liquidation of the Power Holding Company of Nigeria deepened on Wednesday with the Bureau of Public...

    • Posted June 19, 2015
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  • FirstBank unveils FBNBank Guinea

    FirstBank of Nigeria Limited has unveiled FBNBank Guinea, formerly registered as International Commercial Bank (ICB), Guinea. The opening of the subsidiary came on the heels of the agreement reached by FirstBank and International Commercial Bank Financial Group...

    • Posted June 19, 2015
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  • NCC wades into telecommunications consumers’ complaints

    The Nigeria Communication Commission (NCC) has commenced moves to reconcile network providers and their numerous consumers so as to bring efficient and effective service delivery to members of the public. Director, Consumers   Affairs Bureau at the NCC,...

    • Posted June 19, 2015
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