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  • Fidelity Bank attributes poor performance to strict regulations

    The Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, on Thursday attributed the bank’s unimpressive performance in 2013 to higher cost of deposits arising from tight monetary conditions. Okonkwo said this at the bank’s ‘facts behind the...

    • Posted May 11, 2014
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  • Nigeria mulls e-CCI from third quarter

    The Central Bank of Nigeria (CBN) and some other stakeholders in the financial market are assiduously working towards introducing an electronic Certificate of Capital Importation (e-CCI) in the country before the end of the third quarter of...

    • Posted May 11, 2014
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  • Aviation Ministry provides clarification on remodelling of airports

    The aviation ministry has provided clarifications on the state of the ongoing remodeling of the nation’s airports. A statement from the ministry signed by its Assistant Director, Press/PRU, Mr. Ojeme Hastings, said the story going the rounds...

    • Posted May 10, 2014
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  • Oil majors suspend $190bn investment over Petroleum Industry Bill

    Major oil and gas producing companies operating in Nigeria have suspended new investment in offshore exploration because of the planned Petroleum Industry Bill (PIB), which the companies said has high taxation arrangement. This was disclosed by the...

    • Posted May 10, 2014
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  • FG to boost Nigerian products’ export to US

    The Federal Government on Thursday said it was partnering with the United States Government to boost the export of Nigerian products to the US. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said this during...

    • Posted May 10, 2014
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  • Slok Air to re-launch operations with Emirates partnership

    Slok Air is  planning to  enter into a partnership with Emirates, which is expected to facilitate the return of the airline to business. Chairman of Slok Air and former Governor of Abia State,  Orji Uzor Kalu, disclosed...

    • Posted May 10, 2014
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  • WEFA: Elumelu advises global shapers to embrace entrepreneurship

    The Chairman of Heirs Holdings and Tony Elumelu Foundation, Mr. Tony Elumelu, has told Global Shapers at the SHAPE Africa 2014 that young people need to embrace entrepreneurship, saying it was important to the growth of the...

    • Posted May 10, 2014
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  • Reduce cost of doing business – ITC tells FG

    The International Trade Centre on Wednesday called on the Federal Government to reduce the cost of doing business in the country. The Executive Director, ITC, Arancha Gonzalez, made the call when she was hosted by the Minister...

    • Posted May 10, 2014
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  • Seplat gets WEF recognition

    The World Economic Forum has named Seplat Petroleum Company Development Company Plc a global growth company, the firm said in a statement on Wednesday. With the recognition, Seplat joins a vibrant community of the world’s most dynamic,...

    • Posted May 10, 2014
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  • Rockefeller Foundation plans 20,000 jobs for Nigeria

    The Rockefeller Foundation plans to create 20,000 jobs in Nigeria through empowering youths with focused training in Information and Communications Technology. The Managing Director, African Regional Office, Rockefeller Foundation, Mr. Mamadou Biteye, unveiled the plan at a...

    • Posted May 10, 2014
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  • Lagos pays N1.6bn compensation to land owners

    The Lagos State Government on Wednesday said it paid N1.63bn as compensation in the past one year to people whose land was acquired for infrastructural projects. The Permanent Secretary, Lands Bureau, Mr. Hakeem Muri-Okunola, disclosed this at...

    • Posted May 10, 2014
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  • Concerns mount over contract cost inflation by oil majors

    The allegation of contract inflation in the oil and gas industry by oil firms, particularly, international oil companies (IOCs) operating in Nigeria is generating ripples in the sector, THISDAY investigations have revealed. Presidency sources hinted that top...

    • Posted May 10, 2014
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  • Euro steadies after slumping on Draghi comments

    The euro struggled to gain traction on Friday after dovish comments from European Central Bank President Mario Draghi the previous day sent the currency tumbling from a two – 1/2 year high. The single currency held steady...

    • Posted May 9, 2014
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  • 100million mobile phone users can support cashless policy in Nigeria – CBN

    The Central Bank of Nigeria (CBN) says Nigeria has more than 100 million mobile phone users that can support cashless policy. Mr Aaron Yaduma, Head of CBN’s Shared Services, stated this on Thursday at the closing of...

    • Posted May 9, 2014
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