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  • Dikki dispels fears over banks’ exposure to power companies

    The Director-General, Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki has said that concerns of an imminent collapse of commercial banks due to their exposure to the power sector were unfounded. Speaking in Abuja at an all-parties...

    • Posted May 23, 2014
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  • Seplat confident of winning Chevron’s assets

    Seplat has said it is confident it will win the dispute over the purchase of a Chevron asset. The company’s Chief Executive Officer, Mr. Austin Avuru was quoted by Reuters to have said this during the presentation...

    • Posted May 23, 2014
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  • Nigeria, good destination for investors — US Commerce Secretary

    Nigeria is currently a destination of choice for American investors, the United States Secretary of Commerce, Ms. Penny Pritzker, has said. She said during a bilateral meeting with the Minister of Industry, Trade and Investment, Olusegun Aganga,...

    • Posted May 23, 2014
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  • 12 firms okay vehicle assembly plants in Nigeria

    At least 12 automobile manufacturing firms have indicated interest in setting up vehicle assembly plants in Nigeria, the Director-General, National Automobile Council, Mr. Aminu Jalal, has said. He also said old assembly plants such as those of...

    • Posted May 23, 2014
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  • House of the Week: A gorgeous 6-bedroom house at Carlton Gate Estate

    Our house of the week is this newly built and gorgeous 6 bedroom house at Carlton Gate Estate, Chevron Drive, Lekki, Lagos. With its all white striking feature, this property speaks nothing but elegance with an angelic...

    • Posted May 23, 2014
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  • NEITI’s 2012 audit report to disclose names of oil block beneficiaries

    Going by the revised reporting standards that were recently unveiled by the global Extractive Industries Transparency Initiative (EITI), the Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that its ongoing 2012 audit of operations in the Nigerian...

    • Posted May 23, 2014
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  • Skye Bank secures $150m tier-2 capital

    As part of efforts to expand its operations, Skye Bank Plc Thursday disclosed that it has raised about $150 million tier-2 capital. The bank’s Group Managing Director designate, Mr. Timothy Oguntayo, said this at a media briefing...

    • Posted May 23, 2014
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  • Poor road network hinders products distribution – WAMCO MD

    The Managing Director, FrieslandCampina WAMCO Nigeria Plc, Mr. Peter Eshikena, spoke with journalists in Lagos about the impact of insecurity and poor infrastructure on the country’s businesses and his company’s plans to encourage local dairy production, among...

    • Posted May 23, 2014
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  • ICAN introduces new syllabus

    The Institute of Chartered Accountant of Nigeria has moved to boost accountancy practice in the country by introducing a new professional examination syllabus. The President, ICAN, Alhaji Kabir Mohammed, who unveiled the new syllabus in Lagos on...

    • Posted May 23, 2014
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  • FG plans expansion of Lagos airport road

    The Minister of Works, Mr. Mike Onolememen, has said work will soon begin on the expansion of the Oshodi-Murtala Mohammed International Airport Road in Lagos into eight lanes and that 25,000 kilometres out of the total 35,000...

    • Posted May 23, 2014
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  • Capital market indices appreciate by 1.15%

    Equities transactions on the Nigerian Stock Exchange (NSE) maintained an upward trend on Thursday as the market indices improved by 1.15 per cent. The News Agency of Nigeria (NAN) reports that the appreciation was due to price...

    • Posted May 22, 2014
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  • FBN Holdings assures shareholders of better returns on investment

    The FBN Holdings Plc on Thursday assured its shareholders of better returns on investment in the near future due to the drive for growth in each of its business lines. Mr Bello Maccido, the company’s Group Chief...

    • Posted May 22, 2014
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  • Skye Bank bids for Enterprise Bank

    Skye Bank Plc has indicated interest in acquiring Enterprise Bank Ltd., Mr Timothy Oguntayo, the Group Managing Director of the bank, said in Lagos on Thursday. Oguntayo made the development known at the bank’s pre-Annual General Meeting...

    • Posted May 22, 2014
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  • French firm wants to develop Lekki Port with green technology

    A French Shipping Company, CMA CGM, on Thursday expressed willingness to develop the proposed Lekki port, a.k.a. free trade zone in Lagos with high degree of green technology. Mr Marc Riondel, Chief Operating Officer of CMA CGM,...

    • Posted May 22, 2014
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