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  • Power firms plan gradual increase in tariff

    Nigerians may continue to pay more for electricity following the recent upward review of gas price. But the expected increase, according to industry sources, will be spread over an undisclosed period. “Consumers would likely see a bit-by-bit...

    • Posted September 9, 2014
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  • CBN lifts SMEs with N289bn

    A total sum of N288.98bn has been released by the Central Bank of Nigeria to the Bank of Industry in the last four years to finance 573 projects under the Small and Medium Enterprises Restructuring Refinancing Fund....

    • Posted September 9, 2014
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  • Equities trading rises by 228% as QNB buys into ETI

    The value of equities traded on the Nigerian bourse Soared by 228 per cent last week to N52.808 billion, following the acquisition of 12.5 per cent stake in Ecobank Transnational Incorporated (ETI) by Doha-based Qatar National Bank...

    • Posted September 9, 2014
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  • Electronic transactions have evolved in Nigeria –Ashaye

    T he General Manager for Visa in West Africa, Mr. Ade Ashaye, speaks on how coordinated electronic fraud can be checked through technology, among other issues in this interview withOYETUNJI ABIOYE Could you give us an overview of...

    • Posted September 9, 2014
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  • FG sets aside N200bn for power sector liabilities

    The Federal Government has set aside N200bn for the payment of outstanding market liabilities and financial obligations in the power sector. The Chairman, Presidential Task Force on Power, Mr. Reynolds Dagogo-Jack, said this in Uyo, Akwa Ibom...

    • Posted September 9, 2014
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  • Consumer credit grows by 24.5%

    The value of consumer credit in the country grew by 24.5 per cent to N782.6 billion as at December 2013, compared with a marginal growth of 0.8 per cent in the first half of 2013. The Central...

    • Posted September 9, 2014
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  • 17,000 customers lack electricity meters in Benue

    The Jos Electricity Distribution Company (Disco) has stated that over 17,000 of its customers in Makurdi, the Benue State capital are without electricity meters. Benue State Director of the Jos Disco, Mr. Abraham Ochelle who disclosed this...

    • Posted September 9, 2014
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  • Akintola Williams hails NSE’s quest for fraud free market

    Foremost accountant and one of the founding members of the Nigerian Stock Exchange (NSE), Mr. Akintola Williams, has applauded the management of the Exchange for sustaining the level of integrity displayed by the founding members of the...

    • Posted September 8, 2014
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  • NAICOM, HOS to collaborate on workers’ insurance

    The National Insurance Commission says it is partnering the Office of the Head of Service of the Federation to enhance the implementation of the compulsory group life insurance cover for workers. A statement from NAICOM said this...

    • Posted September 8, 2014
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  • NANS condemns N65 ATM charge, seeks reversal

    The National Association of Nigerian Students has condemned the re-introduction of the Automatic Teller Machine charge by the Central Bank of Nigeria. The CBN had announced a charge of N65 to be paid by bank customers when...

    • Posted September 8, 2014
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  • NERC inaugurates office to resolve BEDC’s power disputes

    The Nigerian Electricity Regulatory Commission (NERC) has set up a forum office in Benin, the Edo State capital, to handle complaints from electricity consumers in BEDC. The inauguration of the forum office was aimed at resolving disputes...

    • Posted September 8, 2014
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  • Ecobank seals $20m facility with Brazilian Development Bank

    Ecobank Nigeria has sealed a deal for a $20 million credit line from the Brazilian Development Bank (BNDES). A statement from Ecobank Nigeria explained that the facility is expected to address special funding needs of customers and...

    • Posted September 8, 2014
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  • Shipping charges: Stakeholders applaud Shippers’ Council for regulatory measures

    Stakeholders in the shipping industry have commended the management of the Nigerian Shippers’ Council (NSC) for some of the regulatory measures that have been introduced in the ports  which are targeted at   promoting  trade facilitation and efficiency....

    • Posted September 8, 2014
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  • Qatar National Bank mulls increased investment in Africa

    Doha-based Qatar National Bank (QNB) has expressed its preparedness to be the largest financial institution in Africa as well as the Middle East by 2017. This followed its acquisition of 12.5 per cent stake in Ecobank Transnational...

    • Posted September 8, 2014
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