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  • FCT Minister signs agreement on N2.9trn Abuja Centenary City

    Minister of Federal Capital Territory (FCT), Senator Bala Mohammed has signed an agreement for the development of N2.9 trillion Abuja Centenary City in commemoration of the 100 years of Nigeria’s nationhood. The agreement was signed between the...

    • Posted April 13, 2014
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  • Elumelu calls for private sector integration in development

    The Chairman of Heirs Holdings, Mr. Tony Elumelu, has emphasised the need for the integration of the private sector as a full partner in global development , given the constraints on official development assistance in the current...

    • Posted April 13, 2014
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  • Rebased GDP: Analysts examine Nigeria, South Africa’s economies

    Economic and financial analysts have continued to examined the various economic indicators of Nigeria and South Africa, after a rebased Gross Domestic Product of the West African nation jumped to $510bn. Most of Nigeria’s 170 million people...

    • Posted April 13, 2014
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  • Naira rises to six-week high

    The naira rallied to its strongest level in almost six weeks as the Nigerian National Petroleum Corporation was sold dollars to the local market. Oil producers, the NNPC are the biggest source of the United States currency...

    • Posted April 13, 2014
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  • Chams records 115.3% growth in profit

    Chams Plc has released its financial results for full year 2013, posting a 115.3 per cent growth in its profit after tax for the period. According to the identity management and payments transaction company, its PAT rose...

    • Posted April 13, 2014
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  • Akanu Ibiam Airport International terminal to cost N11.6b

    The Supervising Minister of Aviation, Dr. Samuel Ortom has stated that the international terminal at the Akanu Ibiam Airport in Enugu would be completed by September next year. The terminal is being built by the Chine Civil...

    • Posted April 13, 2014
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  • Lagos plans competitive tariff policy on water

    The Lagos State Government is designing a tariff policy to enhance sustainable water supply in the state. The new policy, according to the State governor, Mr. Babatunde Raji Fashola, would be acceptable to all stakeholders in the...

    • Posted April 13, 2014
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  • Hyundai Motors Nigeria lifts Africa’s Film, TV Industry at Awards

    Hyundai Motors Nigeria, again demonstrated its magnanimity when it donated two new Hyundai cars to support Africa’s film and TV industry at the just ended 2014 Africa Magic Viewers Choice Awards (AMVCA). The vehicles; Hyundai Veloster three-door...

    • Posted April 13, 2014
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  • Market capitalisation increases by N37bn on NSE

    Equities’ transactions on the Nigerian Stock Exchange (NSE) closed on Friday in an upward trend as the the market capitalisation improved by N37 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation closed higher...

    • Posted April 12, 2014
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  • Naira appreciates against dollar at official, black markets

    The naira appreciated against the dollar at the three segments of the foreign exchange on Friday, the News Agency of Nigeria (NAN) reports. At the official market, the naira was N155.68 to the dollar on Friday against...

    • Posted April 12, 2014
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  • Arik builds mini-hub to connect West/Central Africa destinations

    To expand its operations to French speaking West and Central African destinations, one of Nigeria’s major carriers Arik Air, has established a mini hub in Cotonou, the capital of Benin Republic, which is a 15- minute flight...

    • Posted April 12, 2014
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  • Nigerian Ports handles 76,886,997 metric tonnes in one year

    Nigerian Ports Authority (NPA)  said it handled about  76, 886, 997 metric tons of cargo throughput  in 2013. The figures, which were obtained from data collated by the authority, showed that volume of cargo throughput in 2013...

    • Posted April 12, 2014
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  • Stakeholders hail FG on EU/ECOWAS trade agreement

    The National Association of Nigerian Traders has commended the Federal Government for not signing the trade liberalisation agreement being pushed forward by the European Union under the Economic Partnership Agreement with the Economic Community of West African...

    • Posted April 12, 2014
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  • Stakeholders condemn planned merger of aviation agencies

    Industry operators and other stakeholders, including the labour unions, have expressed strong disapproval of plan by the federal government to merge the Nigerian Civil Aviation Authority (NCAA), the Nigeria Airspace Management Agency (NAMA) and the Nigeria Meteorological...

    • Posted April 12, 2014
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