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  • UniCem: Jonathan to inaugurate 2.5m metric-tonnes cement line

    The management of the United Cement Company of Nigeria Limited (UniCem) has announced that it has concluded plans for President Goodluck Jonathan to perform the groundbreaking ceremony for the construction of the company’s N84 billion additional 2.5...

    • Posted September 2, 2014
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  • Nationwide electricity peaks at 4500MW as Brazilian firm builds 700mw plant

    Nigeria’s electricity generation profile has again risen to approximately 4500 megawatts, in addition to excess considerable spinning reserve, the Minister of Power, Prof. Chinedu Nebo said yesterday in Abuja. Nebo’s disclosure of this recovered electricity generation capacity...

    • Posted September 1, 2014
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  • FG to spend N4.74tn cash in 2015

    The Federal Government is projecting a budget of N4.74tn for the 2015 fiscal year, a document obtained from the Ministry of Finance has revealed. This figure was contained in the government’s Medium Term Expenditure Framework and Fiscal...

    • Posted September 1, 2014
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  • Ports record high ship, cargo traffic

    Despite cases of diversion of Nigerian cargo through the neighbouring port of Cotonou and unfavourable business environment, Nigerian ports continue to record impressive traffic, reports Francis Ugwoke The ports industry in the past few years has been...

    • Posted September 1, 2014
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  • Oil gas sector records mixed performance in 1H – Report

    As quoted companies in the various sectors of the Nigerian Stock Exchange continue to upload their half year results to the public domain, indications have shown the prevalence of a mixed performance in the oil and gas...

    • Posted September 1, 2014
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  • Boat operators demand filling stations

    Boat and ferry operators have expressed a concern over the lack of filing stations around jetties, forcing them to keep jerry cans of fuel on board while transporting passengers from one location to another. Of recent, a...

    • Posted September 1, 2014
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  • Nigeria’s first non-bank credit card launched

    Effort by the Central Bank of Nigeria (CBN) to make the Nigerian economy cashless, received a boost yesterday, with the introduction of the nation’s first non-bank credit card. Following the launch, O3 Capital Nigeria Limited, promoters of...

    • Posted August 31, 2014
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  • Oil well dispute: Sambo meets Kogi, Anambra Governors

    Sequel to the oil well dispute between Kogi and Anambra states, Vice President Namadi Sambo Friday, met Kogi State Governor, Idris Wada and his Anambra State counterpart, Willie Obiano. The meeting was held behind closed doors at...

    • Posted August 31, 2014
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  • Banks lose N159bn to e-frauds –NIBSS

    Banks in the country have lost approximately N159bn to electronic frauds and cybercrime between 2000 and 2013, according to a report by the Nigeria Inter-Bank Settlements Systems. The Office of the National Security Adviser disclosed this in...

    • Posted August 31, 2014
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  • Shell’s proposed cancellation of contract to replace ruptured pipelines stirs anger in communities

    The project known as Trans Niger Pipeline (TNP) transports around 180,000 barrels per day of crude oil to the Bonny Export Terminal and is part of the gas liquids evacuation infrastructure, critical for continued domestic power generation...

    • Posted August 31, 2014
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  • Nigeria-made Nissan Patrol charts new course in upscale market

    Car buffs waiting to catch a glimpse of the latest Nissan Patrol would have every reason to celebrate the quantum of transformation in one of the best-known and longest established nameplates on the global 4WD (four-wheel drive)...

    • Posted August 31, 2014
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  • 500 farmers get incentives for food sufficiency

    Five hundred farmers from across 13 local governments in Oyo North senatorial district of Oke-Ogun and parts of Ogbomosoland in Oyo state have been given incentives by the Deputy-Senate Whip, Senator Hosea Agboola, as part of efforts...

    • Posted August 31, 2014
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  • NCC to auction another spectrum licence

    Following the successful auction of the nation’s 2.3GHz spectrum early this year, the Nigerian Communications Commission (NCC) has begun a fresh process to auction another spectrum that will further deepen competition and improve broadband penetration in the...

    • Posted August 30, 2014
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  • Stock Market rebounds as index rises by 0.58%

    Investors in the Nigerian equities market hived a sigh of relief yesterday, as the market returned to positive territory following the drive by bargain hunters to take advantage of highly discounted stocks. The market had in the...

    • Posted August 30, 2014
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