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  • Two new speed trains for launch on Abuja-Kaduna route October

    Barring any technical hitches, the Nigerian Railway Corporation (NRC) will in October deploy the two new speed locomotives it acquired for the Abuja-Kaduna standard gauge train service. The locomotives, which arrived Lagos July 25, 2017 arrived Idu,...

    • Posted September 13, 2017
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  • SME loans: Collateral, registration still hurdles in 980 MFBs

    Just like the deposit money banks, operators of Small and Medium scale Enterprises (SMEs) may still be having difficulty accessing funds from the Micro Finance Banks (MFBs), the Daily Trust reports. The key challenges, according to some...

    • Posted September 13, 2017
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  • Air safety: NAMA assesses competency of information officers

    The Nigerian Airspace Management Agency (NAMA) has commenced a comprehensive competency appraisal of all Aeronautical Information Services (AIS) Officers in all airports across the country. The exercise which is targeted at testing AIS officers in areas such...

    • Posted September 12, 2017
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  • FG establishes N27bn debts, N63bn claims unverified on bills MDAs owe

    The Minister of Power, Works and Housing, Babatunde Fashola, has said the federal government through verification could only establish N27 billion from the claims of over N90bn submitted by Distribution Companies (DisCos) as Federal Ministries, Departments and...

    • Posted September 12, 2017
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  • FG, states’ public debt stock hits N19.6trn – DMO

    Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, a document by the Debt Management Office (DMO) says. The document was obtained from the DMO website...

    • Posted September 11, 2017
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  • FG, states losing out on mining revenue

    The African Centre for Leadership, Strategy & Development (Centre LSD) has said the Federal and 36 State governments are losing huge revenue in the mining sector due to their inability to check illegal miners. The Centre LSD’s...

    • Posted September 11, 2017
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  • FG to digitalise 80% operations by 2018

    At least 80 per cent of all public services will be provided through digital platforms by 2018, the Federal Government has said. The Minister of Communications, Abdur-Raheem Adebayo Shittu, disclosed this yesterday at the ongoing 3rd Indo-African...

    • Posted September 9, 2017
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  • NPA promotes 11 Managers to AGMs

    The Nigerian Ports Authority (NPA) has promoted 11 Managers to Assistant General Managers, in line with the organisation’s commitment toward operational efficiency. The promotions were announced in a statement by the newly-elevated Assistant General Manager, Corporate and...

    • Posted September 9, 2017
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  • Afreximbank offers $300m to private investors in equity

    African Export-Import Bank (Afreximbank) is offering up to $300 million in depositary receipts to private investors to boost capital for lending to industries on the continent, a top executive of the bank said yesterday. The depositary receipts...

    • Posted September 9, 2017
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  • Lawson appointed US-Nigeria Trade Council Advisory Board Chairperson

    The US-Nigeria Trade Council USA has appointed   Mrs  Alaba Lawson  as the Chairperson of its Advisory Board. A statement issued by Director, Marketing & Communication, Sennami Goziem, said the new Chairperson is to provide leadership and...

    • Posted September 8, 2017
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  • Operations consume 80% of our revenue, FX not accessible yet – Telcos

    The Tier Two (broadband) telecom operators have said operating costs which has gone up to 80 percent have brought about shock in their businesses. Speaking yesterday when they visited the minister of Communications in Abuja, the Managing...

    • Posted September 8, 2017
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  • South Africa business confidence at lowest since 1985 emergency

    South African business confidence fell to the lowest level since a partial state of emergency declared by the former all-white government in 1985. An index compiled by the South African Chamber of Commerce and Industry fell to...

    • Posted September 8, 2017
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  • Osinbajo to flag off Abuja International Trade Fair

    Vice President Yemi Osinbajo will officially declare open the 12th Abuja International Trade Fair billed to hold from September 21-October 7. The Director General, Abuja Chamber of Commerce and Industry (ACCI), Chijioke Ekechukwu, disclosed yesterday that the...

    • Posted September 7, 2017
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  • FG launches pre-offer roadshow for N100bn Sukuk

    The Debt Management Office (DMO) will today jump-start activities preparatory to the issuance of the much-awaited N100 billion non-interest bearing bond, otherwise known popularly as Sukuk. A national roadshow led by the Director-General of the DMO, Ms....

    • Posted September 7, 2017
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