Latest News

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  Nigeria, Namibia to build joint oil refinery

  The Federal Government and the Republic of Namibia have proposed to construct a joint oil refinery to maximise cooperation in the area of energy. The decision was reached during the two-day official visit of President Goodluck Jonathan...

  • Posted March 23, 2014
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  NLNG Debunks Allegations of Non-remittance to Federation Account

  The management of the Nigeria Liquefied Natural Gas Company (NLNG) has denied allegations of non-remittance of funds accruing from the company to the Federation Account from 2004 to date which was made against it by the House...

  • Posted March 23, 2014
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  Hyundai Motors partners First Bank for flexible payment

  Hyundai Motors Nigeria has inaugurated a sales offer in partnership with First Bank Plc., to enable more desiring customers to experience Hyundai’s cutting-edge technology, the company’s officials have said. They said the offer, which is tagged ‘Always...

  • Posted March 23, 2014
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  Power takes centre stage as Lagos hosts 7th Economic Summit

  Although adequate and constant supply of electric power is the engine of socio-economic growth elsewhere, the perennial inadequacy of power and sometimes its lack in Nigeria has remained the bane of industrial, commercial and social infrastructure development...

  • Posted March 23, 2014
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  Consumers bemoan continued crazy billing

  In spite of promises made by the Federal Government to improve electricity through the recent privatisation of the Power Holding Company of Nigeria, electricity consumers in the country have continued to complain about poor service. Beyond that,...

  • Posted March 23, 2014
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  Verve, EMVCo partner to boost payment system

  Verve International, an African payment card scheme, has joined EMVCo as a business and technical associate, a statement by the firm has said. As part of the EMVCo associates programme, Verve will provide input into the enhancement...

  • Posted March 23, 2014
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  Demand for cement increasing – UniCem MD

  The Managing Director of United Cement Company of Nigeria Limited, Mr. Olivier Lenoir, speaks with MUDIAGA AFFE on the situation in the cement industry and the company’s new cement line Currently, the price of a 50kg bag of cement...

  • Posted March 23, 2014
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  44.7 million telephone lines dormant —NCC

  A total of 44,665,145 connected telephone lines were dormant in the month of January, according to the Nigerian Communications Commission. This represents 25.82 per cent of the total number of connected lines, according to statistics obtained from...

  • Posted March 23, 2014
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  CBN orders banks to submit sample cheques

  The Central Bank of Nigeria has ordered Deposit Money Banks to submit their sample cheques before and after production, as well as post personalisation, to its Cheque Standard Administration Unit for inspection, analysis and approval. The move,...

  • Posted March 23, 2014
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  Lafarge Cement Wapco declares N27.7bn profit

  Lafarge Cement WAPCO Nigeria Plc has announced a profit before tax of N27.7bn for the year ended December 31, 2013. The amount represents a 30 per cent rise on the N21.3bn the cement manufacturer reported for the...

  • Posted March 23, 2014
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  All iPhones in Nigeria not authorized for the market

  Rutgers-Jan Van Spaandonk of Core Group Africa, authorized Apple distributors in Africa,  announced to a select ICT journalists that for the first time, Apple was going to officially make iPhone available in Nigeria by April. It means that...

  • Posted March 22, 2014
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  Local content: Nigeria loses N61trn to capital flight

  The Federal Government, yesterday, disclosed that the country has lost $380 billion, about N60.8 trillion, in capital flight over the years, due to failure of companies in the oil and gas sector to develop local capacity, in...

  • Posted March 22, 2014
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  FG urged to protect telecoms consumers

  In order to harness greater output from the telecommunication industry, the federal government has been advised to design policies to support consumer protection. Lagos-based financial advisory and research firm, the Financial Derivatives Company Limited (FDC), stated this...

  • Posted March 22, 2014
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  Reps ask CBN to stop trading in naira

  The House of Representatives on Thursday blamed the growing trading in new naira notes on members of staff of the Central Bank of Nigeria. In a resolution in Abuja, the House alleged that there was a cartel...

  • Posted March 22, 2014
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