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  • GTBank gets product leadership recognition

    Guaranty Trust Bank Plc has emerged the winner of the 2014 Product Leadership Award organised by Frost & Sullivan, a growth consulting firm. This was announced at an event held on October 30 at the Monte Carlo...

    • Posted November 6, 2014
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  • Dangote Cement to generate power in Tanzania

    Sub-Saharan Africa cement producer, Dangote Cement, is currently not finding things easy in its quest to grow operations on the continent. The company is said to be constrained by power supply issues, and is seeking to generate...

    • Posted November 6, 2014
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  • Rapid population growth put pressure on infrastructure

    Rapid growth in population is putting tremendous strain on the country’s infrastructure, President Goodluck Jonathan has said. Different agencies have put the country’s population to be above 170 million, but the population was last recorded at 166.2...

    • Posted November 6, 2014
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  • FirstBank spends N500m to reward customers

    FirstBank Nigeria has put the total amount it spent to reward about 5,000 customers in cash, automobiles and household gifts under its various promotion bonanza in the past six years at N500 million. Group Head, Retail South...

    • Posted November 6, 2014
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  • Naira falls on reduced dollar inflow

    The naira slipped slightly against the dollar on the interbank market yesterday driven by tight supplies of the US dollar and sustained strong demand from offshore investors selling their equity holdings. The local currency closed at N165.75...

    • Posted November 5, 2014
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  • NSE, CBI launch Corporate Governance Rating System

    As part of efforts to improve perception of trust in the nation’s capital market, the Nigerian Stock Exchange (NSE) in conjunction with the Convention on Business Integrity (CBi)  on Monday launched the  Corporate Governance Rating System (CGRS)...

    • Posted November 5, 2014
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  • World Bank gives Nigeria, others $10.6bn for 141 projects

    The World Bank Group’s loan and grant approvals for Nigeria and other Sub-Saharan African countries have hit $10.6bn. In its 2014 Annual Report, the bank said its assistance to Africa reached a record high this fiscal year...

    • Posted November 5, 2014
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  • Nigeria’s transmission grid not competitive enough – Nebo

    The Minister of Power, Prof. Chinedu Nebo has again declared that Nigeria’s electricity transmission grid is far below what obtains in countries like China, India and the United States. Nebo said recently in Abuja that Nigeria’s existing...

    • Posted November 5, 2014
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  • Okonjo-Iweala puts Nigeria’s Infrastructure spending at $6bn, wants faster processing of PPPs

    The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala,  has disclosed that  the country’s spending on infrastructure currently stands at about $6 billion, advocating  a  refined and  improved  use of Public Private Partnerships...

    • Posted November 5, 2014
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  • CBN denies sale of N220bn MSME loan forms

    The Central Bank of Nigeria on Monday said it did not authorise or appoint any agent to sell forms or collect any fee to those interested in accessing the N220bn Micro, Small and Medium Enterprise Development Fund....

    • Posted November 5, 2014
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  • Rice, cassava, others raise government’s revenue by N778bn

    The country has earned N778bn as revenue from the production of five crops under the Agricultural Transformation Agenda, the Federal Government has said. It listed the crops as maize, rice, cassava, sorghum and soya bean. The ATA...

    • Posted November 5, 2014
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  • 8.75 million vehicles without insurance in Nigeria

    About 8.75 million vehicles plying Nigerian roads are without genuine insurance certificates, investigation has revealed. As of Monday, only 2.7 million vehicles had been registered by licensed insurance firms under the Nigerian Insurance Industry Database. The Director-General,...

    • Posted November 5, 2014
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  • Engineers want FG to insist on new airplanes

    The Nigerian Society of Engineers has called on the Federal Government to mandate airline operators in the country to always use new airplanes for flight operations. The society said the use of new aircraft should be made...

    • Posted November 5, 2014
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  • Court refuses to issue bench warrant against Coca-Cola’s, NBC ‘s Chief Executives

    A federal high court in Abuja on Tuesday ordered that charges against the Managing Director of Coca-Cola Nigeria Limited, Chief Adeola Adetunji and the Chief Executive Officer of the Nigerian Bottling Company, Ben Langat be pasted in...

    • Posted November 5, 2014
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