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  • Power supply drops to 2,345MW

    The country’s power generation has dropped by about 500 megawatts to a record low of 2.391.31MW, while actual supply fell to 2,345.7MW, data obtained from the Presidential Task Force on Power on Friday showed. This is happening...

    • Posted May 10, 2015
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  • 13 airports to get airfield lighting soon –Minister

    Thirteen of the nation’s airports will be fitted with airfield lighting for improved productivity and enhanced operations very soon, the Minister of Aviation, Mr. Osita Chidoka, has said. A statement by the Federal Airports Authority of Nigeria...

    • Posted May 10, 2015
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  • Nigeria records zero per cent in coffee production

    Nigeria has recorded zero per cent in coffee production for the first four months of 2015, even when its growers say the global demand for the nation’s coffee is high. A report obtained on Friday from the...

    • Posted May 10, 2015
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  • LASG to generate N1b from 2015 Lagos State Carnival

    Mr Adeogun Adeola, the Chief Organiser of 2015 Lagos State Carnival, has projected that Saturday’s carnival involving elaborate costumes, pomp and pageantry would generate N1 billion to government’s purse. Adeola, also the Special Adviser to the Lagos...

    • Posted May 10, 2015
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  • Universal Insurance in a growth spurt as earnings

    spikeUniversal Insurance Plc is in a growth spurt as full year 2014 profit surges 1075 percent amid tough operating environment bedeviling firms in Africa largest economy Nigeria. For the year ended December 2013, Universal Insurance profit after...

    • Posted May 10, 2015
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  • NNPC releases N2.36bn for 2015 group life insurance

    In line with the ‘No Premium, No Cover’ policy of the National Insurance Commission (NAICOM), Nigerian National Petroleum Corporation (NNPC) has paid the sum of N2.36 billion for its employees’ group life insurance for 2015, BusinessDay investigation...

    • Posted May 10, 2015
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  • BATN Foundation empowers small farm holders

    The British American Tobacco Nigeria (BATN) Foundation on Thursday said that it was empowering small farm holders nationwide to ensure food security in the country. An environmentalist with the foundation, Prof. Chidi Ibe, disclosed this in an...

    • Posted May 10, 2015
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  • AMCON: DMBs, CBN to contribute to Banking Sector Resolution Cost Fund

    Deposit money banks (DMBs) in Nigeria will be required to make contributions of 50 basis points of their total assets to the Banking Sector Resolution Cost Fund, the Senate Committee on Banking, Insurance and other Financial Institutions...

    • Posted May 10, 2015
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  • Apapa gridlock: Fashola raises hope with transportation of fuel by rail under Buhari

    Some rays of hope came yesterday on the perennial gridlock that continues to shut down Apapa, as Governor Babatunde Fashola of Lagos hinted of plans to transport petroleum products by rail under the incoming Federal Government to...

    • Posted May 10, 2015
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  • Bond yields seen falling at auction

    The yields on Nigerian Treasury bonds are expected to fall at a primary auction due to a lower supply, while the yields of Kenyan Treasuries could head higher due to the central bank’s tightening stance in the...

    • Posted May 10, 2015
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  • Court orders Ecobank to pay former staff N8.5m for wrongful dismissal

    The National Industrial Court, Abuja, on Friday ordered Ecobank Plc to pay Mr Uche Abrah , the sum of N8.5 million as his cumulative salary arrears and gratuity from 2006 to 2014. The court made the order...

    • Posted May 9, 2015
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  • First Deepwater vs Ecobank: DMO kicks against contempt charge .

    The debt recovery saga involving Ecobank Nigeria Limited and First Deep Water Discovery Limited is far from over. On Tuesday, Ecobank Nigeria Limited accused the Director General of the Debt Management Office, DMO, Mr. Abraham Nwankwo, of...

    • Posted May 9, 2015
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  • Terragon Group partners LBS on Digital Research

    The digital industry in Africa has witnessed tremendous growth over the past couple of years. Within this same period, the industry has witnessed a dearth of relevant Research reports within the region, which should help foster new...

    • Posted May 8, 2015
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  • Strong Corporate Governance Structures Critical in the Current Low-Price Environment – FBN Capital

    According to FBN Capital Limited, strong corporate governance structures are critical to attracting funding for Oil and Gas development in the prevailing low-price environment. Rolake Akinkugbe, the Head of Energy and Natural Resources at FBN Capital made...

    • Posted May 8, 2015
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