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  • Stock Market commences trading with 0.04% loss

    After recording a week-on-week performance of 1.10 per cent, following gains recorded in four trading sessions the previous week, the Nigerian equities market started the week on a poor note yesterday with a loss of 0.04 per...

    • Posted May 21, 2014
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  • FG begins performance audit of MDAs

    The Office of the Auditor-General of the Federation on Monday said it had begun the performance audit of the activities of the Ministries, Department and Agencies of government. The move, according to the Auditor-General of the Federation,...

    • Posted May 21, 2014
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  • Unilever assures shareholders of higher profitability

    The Chairman, Unilever Nigeria Plc, Chief Nnaemeka Achebe, has assured shareholders of the company that strategies are being put in place to ensure higher profitability that would lead to greater returns. He gave the assurance at the...

    • Posted May 21, 2014
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  • Why we are listing on Nigerian Stock Exchange – Caverton

    Caverton, an indigenous firm with focus on the provision of marine, aviation and logistics services to local and international oil and gas companies in Nigeria, has explained that it is listing on the Nigerian Stock Exchange (NSE)...

    • Posted May 21, 2014
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  • NCC bans sale, usage of phone-jamming devices

    The Director, Public Affairs, Nigerian Communications Commission, Mr. Tony Ojobo, on Monday warned against the sale and usage of phone-jamming devices in the country. Ojobo issued the warning in a statement made available to the News Agency of...

    • Posted May 21, 2014
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  • Eko Disco to spend N1.3bn on electricity meters

    The Eko Electricity Distribution Company has announced plans to roll out 360,000 electricity meters to customers who are presently being billed without meters through estimation. The project will cost N1.3bn. The Managing Director/Chief Executive Officer, EKEDC, Mr....

    • Posted May 21, 2014
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  • Hyosung, Inlaks offer cash recycling ATMs

    An Information Technology outfit, Nautilus Hyosung, in collaboration with its Nigerian partner, Inlaks Computers, has launched a cash recycling Automated Teller Machine capable of using cash deposit to pay customers. According to Nautilus Hyosung and Inlaks Computers,...

    • Posted May 21, 2014
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  • FG begins process of merging NAMA, NCAA, NIMET

    Vice President Namadi Sambo on Tuesday inaugurated a special committee saddled with the responsibility of implementing the White Paper on the Steve Oronsaye-led Presidential Committee on Restructuring and Rationalisation of Federal Government Parastatals, Commissions and Agencies. Prominent...

    • Posted May 21, 2014
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  • Fitch downgrades Total’s outlook to negative

    Fitch Ratings has revised its outlook on Total SA’s long-term Issuer Default Rating (IDR) to negative, from stable.The global rating agency also affirmed the company’s IDR at ‘AA’. The negative outlook according to a release from Fitch...

    • Posted May 21, 2014
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  • $200m Eurobond excites Diamond Bank

    Diamond Bank Plc has expressed delight over the global acceptance that trailed its inaugural $200 million Eurobond last week. Commenting on the successful completion of the road show with international fixed income investors, the Group Managing Director/Chief...

    • Posted May 20, 2014
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  • Why we’re restricting low-grade cement – SON

    The Standard Organisation of Nigeria (SON) has explained why the agency was restricting the use of low grade cement-the 32.5MPA- and urging manufacturers to commence the production of the high-grade 42.5MPA. Speaking at the just concluded Public...

    • Posted May 20, 2014
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  • There’s excessive cash in the economy — CBN

    The Central Bank of Nigeria  has said  the nation runs a cash-based economy and this informed the central bank’s Cash-Lite Policy which aims to reduce the amount of cash in circulation. The Deputy Governor, Operations, CBN, Dr....

    • Posted May 20, 2014
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  • NCAA alerts passengers on weather-related flight cancellations

    The Nigerian Civil Aviation Authority (NCAA) sunday appealed to intending passengers to exercise patience over flight cancellations or delays  due to adverse weather condition. The appeal was contained in a statement made available to  THISDAY by NCAA’s ...

    • Posted May 20, 2014
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  • FG’s power delivery targets may lead to adjustments in NERC’s rules

    There are growing concerns among operators in the Nigeria’s Electricity Supply Industry (NESI), as to how the newly announced interim market rules of the Nigerian Electricity Regulatory Commission (NERC) will help advance the sector into the anticipated...

    • Posted May 20, 2014
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