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  • MTN customers to enjoy bonus airtime

    MTN Nigeria on Monday said it was offering more value to its teeming subscribers who use the MTN Virtual Top Up service. The telecoms company said it was giving up to 100 per cent bonus on ‘True...

    • Posted October 8, 2014
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  • Jonathan unveils N33bn port facilities at Onne Port

    The multi-billion naira facilities constructed by Integrated Logistics Services Nigeria Limited (INTELS) have been unveiled  by President Goodluck Jonathan. The facilities, which comprise three 15-metre depth berths, 800 hectares reclaimed quay area and road networks were among...

    • Posted October 8, 2014
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  • Shell’s Forcados Terminal achieves 14-year safety milestone

    The Forcados Terminal in the western Niger Delta operated without a significant safety incident between September 2000 and September 2014, during which some 1.25 billion barrels of oil passed through the facility that is operated by the...

    • Posted October 8, 2014
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  • Union Bank canvasses collaboration on e-fraud control

    The Group Managing Director of Union Bank Plc, Mr. Emeka Emuwa, has said stakeholders in the banking sector must work together to end electronic fraud. Emuwa challenged internal auditors in the industry to tackle the emerging trends...

    • Posted October 8, 2014
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  • RCCG, OneCard introduce multiple network recharge cards

    The Redeemed Christian Church of God has collaborated with OneCard to introduce multiple service recharge cards to offer worshipers access to top-up solution at any of the church’s over 332,000 parishes nationwide. The cards can be loaded...

    • Posted October 8, 2014
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  • Missing $10.8bn audit report ready November — Okonjo-Iweala

    The audit report on the alleged $10.8bn missing from the coffers of the Nigerian National Petroleum Corporation will be ready in November, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said. The minister spoke at the Financial...

    • Posted October 8, 2014
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  • Ecobank may stop rapid expansion strategy

    Pan-African lender, Ecobank Transnational Incorporated, is planning to wind down its strategy of rapid expansion across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, its Chief Executive Officer, Mr. Albert Essien, has...

    • Posted October 8, 2014
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  • Drilling rig for 200,000bpd Egina Oilfield sails to Nigeria

    The drilling rig, christened ‘West Jupiter,’ which will be used for the drilling of all the oil wells at the 200,000 barrels per day Egina deepwater oilfield, being developed by Total Upstream Companies in Nigeria has sailed...

    • Posted October 8, 2014
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  • Transcorp Hotel IPO to be allotted electronically

    Investors in the on-going initial public offering (IPO) of Transcorp Hotels Plc, who want their shares allotted electronically would be granted the opportunity as the company plans to give all Nigerians access to the growth success of...

    • Posted October 7, 2014
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  • House to probe N700bn Shell gas project

    After the Sallah break, the House of Representatives will commence investigations of a Shell-operated N700 billion gas project over which allegations of tax evasion of N7 billion have been made by a former employee of the oil...

    • Posted October 7, 2014
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  • FG targets $10bn capitalisation for development bank

    The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the Federal Government is targeting capital base of $10bn for the proposed Wholesale Development Bank of Nigeria. Okonjo-Iweala, who said this in an interview with Bloomberg TV Africa on Saturday,...

    • Posted October 7, 2014
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  • NSE to launch DMA in Nigerian Capital Market

    In furtherance of the plans by the West African Capital Market Integration (WACMI) to integrate stock markets in West Africa, the Nigerian Stock Exchange (NSE ) has said it plans to support Direct Market Access (DMA) as...

    • Posted October 7, 2014
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  • Nigerian economy records inflow of $5bn from local content

    The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Ernest Nwapa has stated that the implementation of the Nigerian Oil and Gas Industry Content Development (NOGID) Act of 2010 has recorded an inflow...

    • Posted October 7, 2014
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  • Unity Bank records 897% jump in profit

    Unity Bank Plc’s profit before tax soared by 897.3 per cent to N12.018bn in the nine months ended September 30, 2014 – from N1.205bn in the same period of 2013, the bank’s unaudited results has shown. The...

    • Posted October 7, 2014
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