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  • Regulator, stakeholders in search of new port order

    As the ports industry advances in the long search for efficiency, the Ports Economic Regulator  and  stakeholders in the sector have outlined  measures which if adopted will pave the way for a new port order in the...

    • Posted November 3, 2014
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  • Operators flay slow pace of activities in aviation sector

    For taking no effective action towards moving the industry forwards, four months after his appointment, industry operators, including airline owners have passed vote of no confidence on the Minister of Aviation, Osita Chidoka, whom they accused of...

    • Posted November 2, 2014
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  • FCMB, Dana Motors introduce vehicle ownership scheme

    First City Monument Bank says it has entered into an alliance with Dana Motors Limited to enable Nigerians own brand new cars at affordable prices. The move, according to the Executive Director, Abuja/Northern Region, FCMB, Mr. Adam...

    • Posted November 2, 2014
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  • NIMASA DG gets second term appointment

    President Goodluck Jonathan has re-appointed the Director General of the Nigerian Maritime Safety and Administration Agency, Mr. Ziakede Akpobolokemi, for another four-year term. A statement by the Deputy Director and Head of Public Relations, Mr. Isichei Osamgbi,...

    • Posted November 2, 2014
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  • FG to support Lagos in housing, infrastructure

    The Federal Government is willing to help the Lagos State Government in managing its population through the development of housing and relevant infrastructure. President Goodluck Jonathan stated this at the opening ceremony of the 45th annual conference...

    • Posted November 2, 2014
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  • Guinness Nigeria has developed stronger portfolio – Adetu

    The outgoing Managing Director/Chief Executive Officer, Guinness Nigeria Plc, Mr. Seni Adetu, has said the producer of both alcoholic and non-alcoholic beverages developed stronger portfolio in the past three years. Adetu, who said this during an interactive...

    • Posted November 2, 2014
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  • Senate Health Committee Assures on Balanced Tobacco Legislation

    If Environmental Rights Action (ERA), one of the anti-tobacco advocacy groups, hoped to convince the senate committee on health to adopt stringent measures against tobacco industry with its submissions at the just concluded public hearing on National...

    • Posted November 2, 2014
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  • More petroleum products vessels sail into Nigeria waters

    More vessels laden with several petroleum products are in Nigerian territorial waters heading to Nigerian ports. The 10 vessels arrived the nation’s seaports in Lagos and are awaiting berthing instructions from the management of the Nigerian Ports...

    • Posted November 2, 2014
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  • Seplat to pay interim dividend in spite of profit decline

    Seplat Petroleum Development Company Plc Thursday announced an interim dividend of $0.06 per share for the nine months ended September 30, 2014 despite a decline in its profit for the period. The company reported nine months gross...

    • Posted November 1, 2014
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  • FCMB records N16.8bn profit in nine months

    The First City Monument Bank Group (FCMB) Plc has said it recorded a profit before of N16.8 billion in its unaudited nine months results for the period ended 30 September 2014. This represented an increase by 14...

    • Posted November 1, 2014
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  • Nigeria records N80bn electronic transactions daily

    As the adoption of electronic payment system increases in the country, about N80bn is electronically transferred daily from one bank account to the other in Nigeria. This was disclosed by the new Group Managing Director and Chief...

    • Posted November 1, 2014
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  • Sale of Nigerian unit lifts ConocoPhillips Q3 profit

    ConocoPhillips, the largest United States independent oil and gas company yesterday reported higher third-quarter profit from the sale of its Nigerian unit but lowered its fourth-quarter production outlook. Over the last several years, Conoco had shed lower-margin...

    • Posted November 1, 2014
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  • SEC urges Entertainment Industry to seek funding from Capital Market

    Director General of the Securities and Exchange Commission, Ms. Arunma Oteh, has stated that the funding challenge being faced by the entertainment industry in Nigeria can be resolved with long term capital from the stock market. Oteh...

    • Posted November 1, 2014
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  • Rice importers pay N23.1bn duty in nine months

    Rice importers in the country paid about N23.1bn as duty on the produce in the first nine months of the year. Statistics obtained by our correspondent from the Tin Can Island Customs office showed that N7.92bn was...

    • Posted November 1, 2014
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