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  • Why we’ve not remitted N2.3tn NLNG dividends – NNPC

    The Nigerian National Petroleum Corporation on Wednesday said a committee working on the alleged unremitted $11.6bn (N2.3tn) Nigeria Liquefied Natural Gas dividends had not concluded its meetings. A statement issued by the Group General Manager, Group Public...

    • Posted June 12, 2015
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  • Miners want industries to use local raw materials

    The Miners Association of Nigeria has called on President Muhammadu Buhari to compel manufacturing industries to start using industrial minerals found in the country rather than waste scarce foreign exchange on the importation of foreign alternatives. The...

    • Posted June 12, 2015
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  • CPN calls for more investments in IT

    The Computer Professionals Registration Council of Nigeria (CPN) has urged the Federal Government of Nigeria to invest more in information technology (IT), in order to drive socio-economic development in Nigeria. CPN Registrar, Sikiru Shehu, made the disclosure...

    • Posted June 12, 2015
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  • Wike pledges to end multiple taxation in Rivers

    Rivers State Governor, Nyesom Wike, has declared that his administration would end multiple taxation to encourage the business community in the state. Addressing the Rivers State business community comprising Port Harcourt Chamber of Commerce and Industry (PHACCIMA),...

    • Posted June 11, 2015
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  • Visa unveils new commercial standard for mobile payments

    Visa Incorporated has announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services. Visa’s new Digital Enablement Program (VDEP) builds on the company’s secure...

    • Posted June 11, 2015
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  • Airlines seek fresh lifeline from AMCON

    Ailing and debt-ridden domestic airlines are seeking fresh lifeline running into billions of naira from the Asset Management Corporation of Nigeria, it has been learnt. This is aside the over N130bn that six domestic airlines are currently...

    • Posted June 11, 2015
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  • Nigeria’s E-Commerce sector to grow to N2.5tn by 2018

    As more Nigerians patronise online retail platforms following the Central Bank of Nigeria (CBN) cash-lite agenda and the Federal Government of Nigeria’s national broadband policy 2013-2018, the Nigerian electronic commerce sector is expected to expand further to...

    • Posted June 11, 2015
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  • Outrageous Bill: Residents promise not to give up on suit against EKEDC, NERC

    Following the adjournment of the case filed against the Eko Electrical Distribution Company (EKEDC) and the Nigerian Electricity Regulatory Commission (NERC) over years of outrageous electricity bills, residents of Itire-Ikate in Surulere and Mushin communities in Lagos...

    • Posted June 11, 2015
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  • West African markets’ integration crucial for growth – Expert

    The integration of capital markets in West Africa has become crucial for raising funds to finance economic activities in the region, the Director-General, Securities and Exchange Commission, Ghana, Dr. Adu Antwi, has said. He said this in...

    • Posted June 11, 2015
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  • Market capitalisation dips by N33bn

    The equities segment of the Nigerian Stock Exchange on Tuesday closed on a negative note for the second straight session this week, as investors’ optimism remained low. The market capitalisation of the listed equities fell by N33bn...

    • Posted June 11, 2015
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  • Uncertainty over TCN as Manitoba management contract expires

    As the contract awarded by the Federal Government to the Canadian firm, Manitoba Hydro International, to manage the Transmission Company of Nigeria expires next month, all concerned are waiting for the new administration to give direction as...

    • Posted June 11, 2015
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  • 50% of Nigerians need social housing —Experts

    Stakeholders in the real estate financing sector have said that more than 50 per cent of Nigerians cannot afford homes developed by private sector investors and, therefore, need social housing. According to some of the stakeholders, who...

    • Posted June 11, 2015
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  • NNPC pipeline explodes as vandals strike again

    An explosion on Tuesday rocked the Nigerian National Petroleum Corporation (NNPC) pipeline at Ije Ododo area of Lagos State, after some vandals again tampered with the pipelines. This is coming barely two weeks after the vandals ambushed...

    • Posted June 11, 2015
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  • NNPC evacuates hazardous substance from refineries

    The Nigerian National Petroleum Corporation (NNPC) said it has effectively evacuated 98 per cent of the banned Tetra Ethyl Lead (TEL) hazardous substance from its refineries. NNPC stated that TEL, recognised as a dangerous substance that could...

    • Posted June 10, 2015
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