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  • Marriott to build 50 hotels in Nigeria, South Africa, Egypt

    Marriott International Incorporated plans to build about 50 hotels in Nigeria, South Africa and Egypt each before 2020, to benefit from a surge of travelers, the company’s president for the Middle East and Africa, Alex Kyriakidis has...

    • Posted October 5, 2014
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  • Major autos expected at 16th Abuja International Motor Fair

    Reputable companies in both the domestic and global automotive industry are preparing to showcase their products at the Eagle Square, venue of the 16th edition of the Abuja International Motor Fair. According to the organisers of the...

    • Posted October 5, 2014
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  • FG pledges more investments in ICT for national development

    The Minister of Communications Technology, Dr. Omobola Johnson has said government will continue to invest in information and communications technology (ICT), given its  importance in national development. The minister, who spoke in Lagos at an event organised...

    • Posted October 3, 2014
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  • Nigeria-China trade volume rises to $11.76bn in 2014

    The trade volume between Nigeria and China by the end of the third quarter of 2014 has risen to $11.76 billion, indicating a 39.4 percent increase. This is as the bilateral relations between both countries continue to...

    • Posted October 3, 2014
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  • DPR to sanction marketers selling kerosene above N50

    The Director, Department of Petroleum Resources, Mr. George Osahon, has said, henceforth, petroleum product marketers selling Dual Purpose Kerosene otherwise called kerosene, above N50 per litre, will be sanctioned. He said it was particularly disturbing that some...

    • Posted October 3, 2014
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  • Nigeria establishes 118 power projects to address electricity challenges

    The federal government is currently constructing about 118 power projects as part of efforts to tackle the low electricity generation in the country. The 118 power projects spread across the country,  are at  different stages of completion....

    • Posted October 3, 2014
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  • CBN unveils collateral registry regulations to enhance access to credit

    In order to improve access to finance for micro, small and medium enterprises (MSMEs) in the country, the Central Bank of Nigeria (CBN) has approved the collateral registry regulations. The document signed by the CBN Governor, Mr....

    • Posted October 3, 2014
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  • PIB report almost ready – Senator

    The Chairman, Senate Committee on Gas, Senator Nkechi Nwaogu, on Wednesday confirmed that the joint committee currently working on the Petroleum Industry Bill had almost concluded its assignment and would soon present the report for final approval...

    • Posted October 3, 2014
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  • Telecoms subscribers may receive compensation for poor services

    The Nigerian Communications Commission has constituted a committee for the compensation of subscribers by digital mobile operators for poor quality of services. The Director of Consumer Affairs, NCC, Mrs. Maryam Bayi, said this at the NCC Day...

    • Posted October 3, 2014
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  • Lagos to inaugurate 14.3MW power plant

    As part of efforts to augment the power supply being received from the national grid, the Lagos State Government is poised to inaugurate another Independent Power Plant that will ensure constant power supply to a number of...

    • Posted October 3, 2014
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  • FG to increase investment in Transcorp Hilton Hotel

    The Federal Government has said it will increase its investment in Transcorp Hilton Hotel Plc owing to the company’s profitability. The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, dropped the hint while speaking at the public...

    • Posted October 3, 2014
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  • Global Institutional Investors endorse Africa at New York Summit

    Global institutional investors drawn from across the world have rated African markets high and showed increased interest at investing in markets on the continent. The new enthusiasm at doing business in markets on the continent emerged at...

    • Posted October 3, 2014
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  • Keystone Bank inaugurates ATMs for physically challenged customers

    As part of efforts to support Nigeria’s drive for financial inclusion, Keystone Bank Limited yesterday inaugurated an ATM gallery that was built to accommodate physically challenged persons in the society. Speaking at the event, the Executive Director,...

    • Posted October 2, 2014
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  • Equities Market sheds N107bn in September

    The Nigerian equities   shed N107 billion in the month of September which ended yesterday compared to a gain recorded in the August. Although trading at the market in the last two days of the month was positive,...

    • Posted October 2, 2014
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