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  • CSOs urge Buhari, NASS to pass PIB in first 100 days

    Rising from extensive deliberations on the state of affairs in the oil and gas sector, a coalition of Civil Society Organisations (CSOs) have asked Buhari and members of the eight national assembly to pass the Petroleum Industry...

    • Posted June 17, 2015
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  • Mobile Number Portability scheme faces new challenge

    Mobile Number Portability refers to the change of network by a subscriber while retaining his/her number. It is a way of restoring the customer’s status. Therefore, if one switches between service providers, he or she does not...

    • Posted June 17, 2015
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  • Heritage Bank restates commitment to cashless policy

    The Managing Director/Chief Executive Officer, Heritage Bank Limited, Mr. Ifie Sekibo, has said the bank will continue to support the Central Bank of Nigeria’s cashless policy drive. According to him, the continuous growth being witnessed in the...

    • Posted June 17, 2015
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  • NERC to revoke idle electricity licences

    The National Electricity Regulatory Commission on Monday disclosed that it had started the process of revoking licences awarded to power generation companies but which had failed to meet the terms and milestones specified in their licences. The...

    • Posted June 17, 2015
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  • Buhari should take control of IT sector – NITDA

    President Muhammadu Buhari has been urged to take control of Nigeria’s Information Technology sector. This, according to the Director-General, National Information Technology Development Agency, Mr. Peter Jack, is because the IT sector can comfortably serve as a...

    • Posted June 17, 2015
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  • GSK shareholders get dividend, bonus shares

    GlaxoSmithKline Consumer Nigeria  Plc has rewarded its shareholders with cash dividend of N717.5 million and bonus issue of one new share for every four shares for the year ended December 31, 2014. The dividend and bonus issue...

    • Posted June 17, 2015
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  • CBN tightens noose against fraud in banks

    In furtherance of its efforts at combating fraud within the banking industry, the Central Bank of Nigeria (CBN) has directed all deposit money banks (DMBs), mobile money operators (MMOs), Switches and all payment service providers to establish...

    • Posted June 16, 2015
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  • Buhari to meet EITI chair on proposed oil sector reforms

    President Muhammadu Buhari is scheduled to hold meetings on his intended reforms in Nigeria’s oil and gas sector with visiting Chairperson of the global Extractive Industries Transparency Initiative (EITI), Clare Short, the Nigeria Extractive Industries Transparency Initiative...

    • Posted June 16, 2015
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  • Daily subsidy on petrol hits N2bn

    The Federal Government’s daily spending on petrol subsidy may have risen to N2.06bn as the pricing template for the product by the Petroleum Products Pricing Regulatory Agency on Sunday put the subsidy at N51.61 per litre, the...

    • Posted June 16, 2015
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  • Discos negotiate hike in electricity tariffs with customers

    Following the commencement of negotiations between the Distribution Companies (Discos) and electricity consumers for a review of electricity tariffs, there is a major likelihood that a hike in tariffs will take effect next month, THISDAY has learnt....

    • Posted June 16, 2015
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  • Cancellation of royalties: FG loses $1bn annually to foreign airlines

    Facts have emerged that the federal government loses about $1 billion annually from international airlines which pay royalties to cover their flights to Nigeria without reciprocity from indigenous carriers. Government said it discontinued the collection of royalties...

    • Posted June 16, 2015
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  • Review 2015 budget – Group urges Buhari

    The Centre for Social Justice has called on the administration of President Muhammadu Buhari to embark on the review of the 2015 federal budget in line with current economic realities, because the the fiscal document, in its...

    • Posted June 16, 2015
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  • CBN tells banks to establish fraud desks

    he Central Bank of Nigeria has directed Deposit Money Banks to maintain dedicated fraud desks in order to stem frauds within the banking industry. The CBN said in a circular that it had established the Nigeria Electronic...

    • Posted June 16, 2015
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  • NCC pledges commitment to national broadband plan

    The Director, Consumer Affairs Bureau, Nigerian Communications Commission, Mrs. Maryam Bayi, has reiterated the commitment of the NCC to National Broadband Plan. She stated that the auction of 30MHz bandwidth on the 2.3GHz spectrum slot conducted by...

    • Posted June 16, 2015
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