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  • FG dares aviation unions on agencies’ merger

    The Federal Government is bent on implementing the Steve Oronsaye committee report, which proposed the merger of some aviation agencies. This information was contained in a letter from the Office of the Secretary to the Government of...

    • Posted August 12, 2014
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  • Four rail lines will be completed this year – FG

    At least four major rail lines across the country will be completed this year, the Federal Government has said. According to the government, the branch line from Kafanchan to Kaduna is expected to be completed this month,...

    • Posted August 12, 2014
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  • NDPHC revokes distribution jobs of three defaulting NIPP contractors

    Following reports of exhaustive meetings and deadline threats in attempts to arrest  the slow pace of executing electricity distribution contracts awarded to companies by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Projects...

    • Posted August 12, 2014
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  • NERC seeks firm commitment from gas producers with $2.50/mcf revised price

    The Nigerian Electricity Regulatory Commission (NERC) has said that it expects gas producers in Nigeria to improve their supply of gas to thermal power plants in the country following its recent approval of a revised price regime...

    • Posted August 11, 2014
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  • Post-incorporation obligations: CAC tightens noose on defaulting firms

    Last week, the Corporate Affairs Commission (CAC) began the enforcement of the provisions of the Companies and Allied Matters Act, (CAMA) on post-incorporation obligations of registered companies, reports Festus Akanbi One cheering news from the World Economic...

    • Posted August 11, 2014
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  • FMBN gives N100.5bn for housing projects

    The Federal Mortgage Bank of Nigeria has disbursed a sum of N100.5bn for building projects under the National Housing Fund, according to a document obtained from the bank. The NHF is a Federal Government scheme in which...

    • Posted August 11, 2014
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  • Seaport operators jittery over Ebola

    Fears of a possible spread of the dreaded Ebola virus through the nation’s seaports may have gripped the operators and other stakeholders as they insist on the authorities providing enduring sanitary and strict security measures at the...

    • Posted August 11, 2014
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  • ABCON: 2,500 BDCs scale hurdle

    After the storm over the new registration modalities introduced by the Central Bank of Nigeria for participation in the foreign exchange activities last month, President, Association of Bureau de Change Operators in Nigeria, Aminu Gwadabe, said 2,500...

    • Posted August 11, 2014
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  • SMEs now playing big role in oil and gas sector – Nwapka

    Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Ernest Nwapa,  shared his views on opening up the oil and gas sector for Nigerian SMEs participation and the role of the Nigerian Content Development and...

    • Posted August 11, 2014
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  • Mortgage sector will account for 15% of GDP – Kumo

    In this interview with James Emejo, Managing Director/Chief Executive, Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Ya’u Kumo, discusses his ambition to boost the mortgage sector contribution to the country’s Gross Domestic Product (GDP) to about...

    • Posted August 11, 2014
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  • Fashola harps on long term business models for sustainable economy

    Governor Babatunde Fashola of Lagos State has stressed the need for entrepreneurs in the country to develop long- term business models and innovative business strategies to achieve a more sustainable economy. Fashola spoke at the opening ceremony...

    • Posted August 10, 2014
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  • Rights Group to SON: Rescind ultimatum to cement manufacturers within 7 days

    A Human Rights Group, Alliance Against Monopoly (AAM), has given the Standards Organisation of Nigeria (SON) seven days to rescind its 60 days ultimatum to cement manufacturers to comply with its directive on product labelling and traceability...

    • Posted August 10, 2014
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  • UNEP report: We want to do an exhaustive clean-up of Ogoniland – Alison Madueke

    The issue of environmental degradation in Ogoniland has been a protracted one. Their crusade for social justice appears to have merely created an intractable stalemate. It is indeed a protracted challenge dating back several administrations. But I...

    • Posted August 10, 2014
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  • NSE index rises by 0.64%

    The stock market closed on a positive note on Thursday, lifting the major market indicators for the third straight session. At the end of the day’s activities, the Nigerian Stock Exchange All Share Index rose by 0.64...

    • Posted August 10, 2014
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