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  • FG commits $118m to Lekki Deep Seaport

    The  federal government has committed about $118 million to the construction of the proposed Lekki Deep Seaport, Lagos, the Managing Director of Nigerian Ports Authority, Mallam Habib Abdullahi, has said. This is aside the support from six...

    • Posted March 28, 2015
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  • ICAN urges FG to stop multiple accounting bodies

    The Institute of Chartered Accountants of Nigeria has called on the Federal Government to stop the proliferation of accounting bodies in the country. The President, ICAN, Mr. Chidi Ajaegbu, who stated this at a press conference announcing...

    • Posted March 28, 2015
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  • Nigeria’s external reserves fall below $30billion

    The value of Nigeria’s external reserves, which has been on the downswing in the past few weeks, fell below the $30 billion mark to $29.865 billion as at March 25, 2015, according to latest Central Bank of...

    • Posted March 28, 2015
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  • Dangote Cement records N158bn profit, declares N6 dividend

    Dangote Cement Plc on Thursday reported a profit after tax (PAT) of N159.5 billion for the year ended December 31, 2014, down by about 20 per cent compared with N201.2 billion posted I 2013. Executive Director, Dangote...

    • Posted March 28, 2015
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  • Elections: Lagos airport records increased passenger traffic

    There was noticeable increase in activities at the different terminals of the Lagos airport on Thursday as passengers were seen scrambling for flight tickets to various destinations within and outside the country. The development was attributed to...

    • Posted March 28, 2015
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  • Electricity tariff cut not for residential consumers – NERC

    The Nigerian Electricity Regulatory Commission on Thursday declared that most residential customers would not enjoy the benefits of the recent cut in electricity tariff. According to the commission, most residential electricity consumers in the R1 and R2...

    • Posted March 28, 2015
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  • Election spending fuels cash shortage in banks

    The massive withdrawal of cash from Deposit Money Banks by politicians and their associates in preparation for the general elections has led to shortage of cash across bank branches in the country. It was gathered on Thursday...

    • Posted March 28, 2015
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  • FG unveils N1bn loan package for Lagos MSMEs

    The Federal Government, through the National Enterprise Development Programme, has introduced a N1bn special credit line for Micro, Small and Medium Enterprises and cooperative societies in Lagos State. The Minister of Industry, Trade and Investment, Mr. Olusegun...

    • Posted March 28, 2015
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  • AFC income hits $113.9 million

    The Africa Finance Corporation (AFC) on Thursday released its results for the year ended December 31, 2014 and reported a 31 per cent growth in its total comprehensive income from $87.3 million to $113.9 million. A statement...

    • Posted March 28, 2015
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  • House of the Week: An amazing 5-bedroom house in Maitama, Abuja

    Our featured house of the week is a tastefully finished 5 bedroom house for sale at Panama street, Maitama, Abuja. This house has 6 bathrooms, 6 bedrooms, 2 lounges, 2 dining areas, 2-room guest chalet and 2-bedroom...

    • Posted March 27, 2015
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  • CBN moves to address high IT spend in financial institutions

    The Central Bank of Nigeria (CBN) has expressed worry about the high cost of application and utilisation of Information Technology (IT), in driving activities in the financial services industry in Nigeria. The apex bank is of the...

    • Posted March 27, 2015
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  • NCC plans new policy on transmission cable pricing

    The Nigerian Communications Commission (NCC) is considering  introducing a new pricing regime for effective cost based transmission cable pricing for the telecoms sector. The proposed pricing regime was contained in the result of a study presented by...

    • Posted March 27, 2015
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  • Fuel scarcity: FG directs agencies to punish marketers

    As the scarcity of petrol persists, the Federal Government has directed two of its agencies to sanction marketers who have subjected the citizens to unnecessary hardship. It accused the marketers of capitalising on panic buying by customers...

    • Posted March 27, 2015
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  • FG to secure $2bn World Bank, AfDB loan to fund budget

    The federal government has said it will source $2 billion from the World Bank and the African Development Bank (AfDB) under the 2012-2015 External Borrowing Plan to help in the implementation of the 2015 budget. The loan...

    • Posted March 27, 2015
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