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  • FCMB commences operations in UK

    First City Monument Bank Limited says it has commenced commercial banking operations at its London subsidiary, FCMB (United Kingdom) Limited. The bank said the development followed approval by the regulatory authorities in late 2013 to begin wholesale...

    • Posted March 25, 2014
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  • Ikeja Disco to install 115 transformers in April

    The Ikeja Electricity Distribution Company has embarked on the installation of transformers in areas under its purview, with a promise to inject 115 transformers into the system in the next one month. The Managing Director/Chief Executive Officer,...

    • Posted March 25, 2014
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  • Insurers responsive to victims of security incidents – NAICOM

    Families of police victims of the security situation in the country, particularly in the North, have not really felt the impact of loss of loved ones because insurance have been responsive to their plight. Commissioner for Insurance,...

    • Posted March 25, 2014
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  • MPC meets to discuss falling reserves, naira

    The nation’s fast depleting external reserves and the persistent pressure on the naira will top the agenda as the Central Bank of Nigeria’s Monetary Policy Committee begins its two-day meeting today (Monday). Being the first MPC meeting...

    • Posted March 24, 2014
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  • Senate screens new CBN governor, deputy on Tuesday

    The Senate will tomorrow (Tuesday), begin the formal screening of Messrs. Godwin Emefiele and Adebayo Adekola, as the new Governor and Deputy Governor of the Central Bank of Nigeria respectively. This was contained in the Notice Order...

    • Posted March 24, 2014
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  • NLNG celebrates celebrates 3000th LNG export cargo

    The Nigeria Liquefied Natural Gas (NLNG), says the country had earned as much as 24 billion dollars in revenue and dividends from its operations in Bonny Island in the last 15 years of its formal existence.  ...

    • Posted March 24, 2014
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  • LG chairman wants FG to intervene in ALSCON’s ownership crisis

    The Chairman, Ikot Abasi Local Government Area, Ufot Udoinyang, has urged the Federal Government to intervene in the ownership crisis at the Aluminum Smelter Company of Nigeria (ALSCON), Ikot Abasi. Udoinyang said in Ikot Abasi, Akwa Ibom,...

    • Posted March 24, 2014
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  • NERC bows to consumers’ pressure, sets target for DISCOs

    At last, the Nigerian Electricity Regulatory Commission has expressed its disappointment in the failure of the power distribution companies to deliver their service commitments to the market three months into the year although the latter insist the...

    • Posted March 24, 2014
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  • Group withdraws objection to Emefiele’s nomination for CBN governorship

    Public Interest Lawyers League (PILL) Sunday in Abuja made a u- turn and withdrew its objection to the nomination of Godwin Emefiele as the Governor of Central Bank of Nigeria CBN. The group had last week written...

    • Posted March 24, 2014
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  • Nigeria still struggling to grow local oil capacities

    The country is  still struggling to grow local capacities in the oil and gas industry, an achievement that had been recorded in other parts of the world. The Group Managing Director, Arco Group, Mr. Alfred Okoigun, said...

    • Posted March 24, 2014
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  • Gas price may not affect electricity bill

    Electricity generation and distribution firms have said the planned increase in the price of gas supplied to power plants may not lead to a direct rise in electricity tariffs across the country. According to them, reports of...

    • Posted March 24, 2014
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  • Delayed LNG projects deny Nigerians 50,000 jobs

    The continued delay of three major Liquefied Natural Gas projects in the country is not just costing economic loses; it is also denying Nigerians 50,000 construction jobs. The Chief Executive Officer/Managing Director, NLNG, Mr. Babs Omotowa, said...

    • Posted March 24, 2014
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  • Shell denies having pending liability in Nembe community

    The Shell Petroleum Development Company (SPDC) says it has no pending oil spill and gas flare liabilities in Nembe community of Bayelsa. The SPDC’s spokesman, Mr Joseph Obari, made the clarification in a statement made available to...

    • Posted March 23, 2014
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  • Ondo Government to spend N100m on forest GIS

    The Ondo State Government will spend N100 million to provide Geographic Information System (GIS) to monitor its forest reserves, the Commissioner for Natural Resources, Mr Tunde Atere, has said. Atere made the disclosure in an interview with...

    • Posted March 23, 2014
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