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  • FG to arraign NBC, Coca-Cola bosses November 4

    The Federal High Court 8, Abuja has fixed Tuesday, November 4 for the arraignment of Coca-Cola Nigeria Limited and Nigeria Bottling Company Limited and their managing directors for alleged violation of the Consumer Protection Council Act. The...

    • Posted November 1, 2014
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  • Chinese firm to construct new power grid – FG

    A Chinese firm, Shandong Power Equipment Company Limited, is to construct a new power grid for the country, the Federal Government has said. The Minister of Power, Prof. Chinedu Nebo, disclosed this in Abuja on Thursday while...

    • Posted November 1, 2014
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  • Substandard product level drops to 40%

    The level of substandard products in the country has dropped to 40 per cent from 85 per cent in the last four years, the Director-General, Standards Organisation of Nigeria, Dr. Joseph Odumodu, has said. Odumodu, who spoke...

    • Posted November 1, 2014
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  • Contributory Pension Funds hit N4.5trillion

    The contributory pension scheme (CPS) has accumulated a large pool of investible funds of over N4.5 trillion pension assets as at June this year, the Director General, National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu stated Thursday. Anohu-Amazu...

    • Posted November 1, 2014
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  • Campari reveals stunning 2015 Calendar cover image, unveils official launch date

    Today, Campari® proudly unveils the cover image for the 2015 Calendar, entitled ‘Mythology Mixology’ and can also confirm that the official unveil date for the next edition will be the 5th November 2014. The iconic Calendar cover...

    • Posted October 31, 2014
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  • Union Bank, Diamond Bank post Q3 results

    Union Bank of Nigeria Plc and Diamond Bank Plc yesterday released their third quarter 2014 unaudited financial statements on the floor of the Nigerian Stock Exchange (NSE). For Union Bank of Nigeria, its unaudited results for the...

    • Posted October 31, 2014
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  • Banks barred from selling dollars to BDCs at Interbank Market

    As part of measures to strengthen the naira as well as to sanitise the operations of the forex market, the Central Bank of Nigeria (CBN) has barred commercial banks (authorised dealers) from selling its interventions funds in...

    • Posted October 31, 2014
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  • Nigerians condemn 20-year fuel importation plan

    A cross section of Nigerians, including financial and labour experts, have condemned the plan by the Federal Government to continue to import refined petroleum products for the next 20 years. The Minister of Petroleum Resources, Mrs. Diezani...

    • Posted October 31, 2014
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  • NERC puts caveat on issuance of unsolicited electricity licences

    The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it will henceforth suspend issuance of new licences for electricity generation in the country. It said unless proven to have met a ‘good cause’ condition, applications for generation...

    • Posted October 31, 2014
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  • Gas shortage not an excuse for inadequate power supply – Fashola

    The Lagos State Governor, Mr. Babatunde Fashola, has stated that gas should not be an excuse for the federal government’s failure to deliver on its promises of providing regular power supply to Nigerians. Speaking on Wednesday night...

    • Posted October 31, 2014
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  • Fidelity wins best private bank award

    Fidelity Private Banking, a division of Fidelity Bank Plc, has emerged as the best private bank in Nigeria 2014 in the Global Private Banking Awards organised by Professional Wealth Management and The Banker magazines, publications of the...

    • Posted October 31, 2014
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  • Enterprise Bank introduces product for young graduates

    Enterprise Bank says it has introduced a new scheme to cater for young graduates who are brimming with ideas but do not have the financial capacity to bring their dreams into reality. The Enterprise Graduate Empowerment Scheme,...

    • Posted October 31, 2014
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  • Shippers Council reduces port charges

    The Nigeria Shippers Council has issued a notice to terminal operators and shipping companies, directing a downward review of their charges. The council was appointed nine months ago by the Federal Government as an economic regulator of...

    • Posted October 31, 2014
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  • Why licensed refineries have not been built – Peterside

    Several factors have been identified as the cause of the failure of private investors to build 18 refineries in the country, 12 years after the Federal Government granted them licences. The government had in June 2002 issued...

    • Posted October 31, 2014
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