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  • NB Plc’s shareholders advised to embrace e-Dividend

    In a bid to avoid unclaimed dividends, the Company Secretary/Legal Adviser of Nigerian Breweries Plc,  Mr. Uaboi Agbebaku, has advised shareholders of the company  to embrace electronic(e)dividend payment  option. e-dividend option allows direct payment of dividends into...

    • Posted April 12, 2014
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  • Ibadan, Jos power firms to sack 1,580 workers

    A major crisis is looming in the power sector as some of the private investors are considering sacking most of the workers they inherited from the defunct Power Holding Company of Nigeria. Investigation by our correspondent on...

    • Posted April 12, 2014
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  • Odumodu seeks common standards policy for Africa

    The President, African Organisation for Standards, Dr Joseph Odumodu, has urged the governments of African countries to develop a common standard policy as a way to curb the influx of sub-standard goods into the continent. Odumodu, who...

    • Posted April 12, 2014
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  • Access Bank boss to speak on financing

    The Group Managing Director of Access Bank, Mr. Herbert Wigwe, is scheduled to speak at the 4th annual ‘MIT: Africa Innovate Conference’ in Boston, United States of America. The conference, holding from April 11 to 12, is...

    • Posted April 12, 2014
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  • FG partner Borno on renewable energy plant

    The Minister of State for Power, Alhaji Mohammed Wakil, on Friday, said the Federal Government would partner with the Borno government to build a renewable energy plant in the state. Wakil made the disclosure when he paid...

    • Posted April 12, 2014
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  • Kwara to raise N23bn bond for infrastructure development

    Kwara state government  has disclosed plans to issue N23 billion bond to finance infrastructural projects across the state. Also, the state government said it has concluded arrangement to sell its legislative quarters to all the 24 members...

    • Posted April 12, 2014
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  • GTBank targets 20% loan growth in 2014

    Guaranty Trust Bank Plc (GTBank) said it plans to grow its loan book between 15 and 20 per cent this year. In order to achieve the, the bank listed its target sectors to include telecoms, oil and...

    • Posted April 11, 2014
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  • Terminal operators decry diversion of rice laden vessels

    THE Seaport Terminal Operators Association of Nigeria (STOAN) has decried the continuous diversion of ships laden with rice to the ports of neighbouring countries. Chairman of STOAN, Princess (Dr.) Vicky Haastrup, said in Lagos that no fewer...

    • Posted April 11, 2014
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  • Stakeholders demand increased gas supply to power plants

    Experts have demanded for increased supply of gas to the country’s power sector, saying this is one of the critical issues that require urgent attention in order to stimulate efficient power delivery in the country. This was...

    • Posted April 11, 2014
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  • NCC may drop proposed plan on second phase launch of number porting

    The Nigerian Communications Commission (NCC), may have jettisoned its initial plan to launch the second phase of Mobile Number Portability (MNP), following recent industry development. Based on the successful launch of the first phase of MNP scheme...

    • Posted April 11, 2014
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  • CBN disburses N228bn agric credit funds

    The Central Bank of Nigeria (CBN) has put the total amount disbursed to beneficiaries under the Commercial Agriculture Credit Scheme (CACS) as at the end of the first quarter 2014 at N228.093 billion. The central bank disclosed...

    • Posted April 11, 2014
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  • AMCON plans to sell Air Nigeria’s planes

    The Asset Management Corporation of Nigeria is considering the sale of four medium-sized planes and the entire assets of Air Nigeria as a final resort to recover the multibillion naira non-performing loans of the airline, investigations by...

    • Posted April 11, 2014
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  • Senate amends Companies and Allied Matters Act

    The Senate on Wednesday passed a bill seeking to amend the Companies and Allied Matters Act, 2004. The bill, among other provisions, requires the Corporate Affairs Commission to subject the appointment of its chairman to the Senate...

    • Posted April 11, 2014
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  • Access Bank supports National Identity Management Scheme

    Access Bank Plc said it had provided an equipped office for the National Identity Management System project, as part of its commitment towards the success of the programme. The office, which is situated in Lagos, is expected...

    • Posted April 11, 2014
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