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  • Lagos residents enjoying 18-hour electricity – BPE

    The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has claimed that electricity consumers in Lagos State now get 18-hour uninterrupted power supply. His claim was however countered by residents in the state who spoke with our correspondent on...

    • Posted August 16, 2014
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  • Banks agree to pay N25bn PHCN debt

    Nigerian banks have agreed to assist in the payment of N25bn legacy debts owed gas companies by the defunct Power Holding Company of Nigeria. The banks made this known on Thursday during a meeting of the Bankers’...

    • Posted August 16, 2014
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  • FG earmarks N752bn for power transmission projects

    The sum of N752bn ($4.7bn) has been earmarked by the Federal Government for the expansion of power transmission projects across the country over the next five years. Vice President Namadi Sambo, who officially inaugurated the National Council...

    • Posted August 16, 2014
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  • Poor gas, power supply ground manufacturing sector

    Poor gas supply to power companies for the generation of electricity and for manufacturing concerns to fire their factories is crippling the economy, THISDAY has learnt. In the last six months, gas to power disruptions has been...

    • Posted August 16, 2014
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  • Aliko Dangote to speak at the 2nd Africa Global Business Forum in Dubai

    Aliko Dangote, Africa’s richest man, whose business activities drive economic growth across the continent has confirmed his presence at the 2nd Africa Global Business Forum, taking place on October 1st and 2nd in Atlantis The Palm, Dubai....

    • Posted August 15, 2014
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  • House of the Week: A magnificent 5-bedroom duplex in Lekki Phase 1

    Set in the heart of Lekki, our house of the week is this newly built 5 bedroom duplex which is  located behind Mobolaji Johnson estate, Lekki phase 1, Lekki, Lagos. This property, which is for rent, boasts...

    • Posted August 15, 2014
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  • NSE to punish listed firms on dividend default

    The Nigerian Stock Exchange has pledged that it will protect the rights of investors to dividends in line with one of its core strategic pillars for enhanced market performance and growth via sustaining a “strong investor protection”...

    • Posted August 15, 2014
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  • Airtel launches Free Insurance Plan for Nigerians

    Airtel Nigeria, in collaboration with MicroEnsure and Cornerstone Insurance Plc, has launched a free insurance product which offers Airtel customers life and medical insurance with increasing benefits based on monthly airtime recharge. The product, which is tagged...

    • Posted August 15, 2014
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  • NCC to regulate value added service operations

    The Nigerian Communications Commission (NCC) has decided to regulate the activities of Value Added Service (VAS) operators in the country, especially in the area of unsolicited mails that are regularly sent to telecoms subscribers. The plan is...

    • Posted August 15, 2014
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  • Transcorp announces appointment of new CEO

    The Board of Directors of Transnational Corporation of Nigeria Plc on Tuesday announced the appointment of Mr. Emmanuel Nnorom as the President/Chief Executive Officer of the company. Nnorom, according to a statement by Transcorp, will formally take...

    • Posted August 15, 2014
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  • Losses drag NSE index down by 0.8%

    Losses by 31 equities including highly capitalised companies such as Dangote Cement Plc and Access Bank Plc on Wednesday led the major market indicators lower. Skye Shelter Fund led the losers with a five per cent or...

    • Posted August 15, 2014
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  • Strides Energy commends FG over Nigerian content law

    The Nigerian Content Act has opened the floor for indigenous companies to prove their mettle on the international oil and gas scene, the Managing Director, Strides Energy and Maritime Limited, Moritz Abazie, has said. Abazie noted that...

    • Posted August 15, 2014
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  • Banks dump Microsoft’s ATM protection solutions

    Deposit Money Banks in the country have been forced to spend millions of dollars to deploy imported and locally-manufactured computer solutions to protect their Automated Teller Machines from hackers, investigation by our correspondent has revealed. Top bank...

    • Posted August 15, 2014
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  • Uquo JV to boost power generation with Akwa Ibom Gas Facility

    Frontier Oil Limited and Seven Exploration and Production Limited, the Uquo Joint Venture partners, have finalised arrangements for the official inauguration of the Uquo Gas Processing Facility in Eket, Akwa Ibom State, by President Goodluck Jonathan today....

    • Posted August 15, 2014
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